Earnings Per Share and Per Unit

The following table sets forth the computation of basic and diluted earnings per share of the Company:



	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
Earnings per Common Share - basic:
Numerator:
Income from continuing operations	$	33,528		$	22,221		$	61,670		$	39,141
Net (income) attributable to noncontrolling interests in the Operating Partnership from continuing operations	(939		)	(641		)	(1,685		)	(1,117		)
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations	(314		)	(328		)	(622		)	(624		)
Dividends on Preferred Stock	(627		)	(626		)	(1,253		)	(1,253		)
Income from continuing operations available for common stockholders	31,648			20,626			58,110			36,147
Income from discontinued operations	—			4,670			418,593			8,585
Net (income) attributable to noncontrolling interests in the Operating Partnership from discontinued operations	—			(141		)	(12,265		)	(261		)
Income from discontinued operations available for common stockholders	—			4,529			406,328			8,324
Net income available for common stockholders	$	31,648		$	25,155		$	464,438		$	44,471
Denominator:
Denominator for basic earnings per Common Share – weighted average shares	97,648			94,055			97,010			93,641
Earnings per Common Share - basic:
Income from continuing operations available for common stockholders	$	0.32		$	0.22		$	0.60		$	0.39
Income from discontinued operations available for common stockholders	—			0.05			4.19			0.08
Net income available for common stockholders	$	0.32		$	0.27		$	4.79		$	0.47
Earnings per Common Share - diluted:
Numerator:
Income from continuing operations	$	33,528		$	22,221		$	61,670		$	39,141
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations	(314		)	(328		)	(622		)	(624		)
Dividends on Preferred Stock	(627		)	(626		)	(1,253		)	(1,253		)
Income from continuing operations available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership	32,587			21,267			59,795			37,264
Income from discontinued operations available for common stockholders	—			4,670			418,593			8,585
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership	$	32,587		$	25,937		$	478,388		$	45,849
Denominator:
Denominator for basic earnings per Common Share – weighted average shares	97,648			94,055			97,010			93,641
Add:
Stock options using the treasury method	90			84			87			104
Noncontrolling interests Common Units	2,890			2,910			2,895			2,921
Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions (1)	100,628			97,049			99,992			96,666
Earnings per Common Share - diluted:
Income from continuing operations available for common stockholders	$	0.32		$	0.22		$	0.60		$	0.39
Income from discontinued operations available for common stockholders	—			0.05			4.18			0.08
Net income available for common stockholders	$	0.32		$	0.27		$	4.78		$	0.47

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(1)	Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable.


13.	Earnings Per Share and Per Unit - Continued

The following table sets forth the computation of basic and diluted earnings per unit of the Operating Partnership:



	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
Earnings per Common Unit - basic:
Numerator:
Income from continuing operations	$	33,528		$	22,221		$	61,670		$	39,141
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations	(314		)	(328		)	(622		)	(624		)
Distributions on Preferred Units	(627		)	(626		)	(1,253		)	(1,253		)
Income from continuing operations available for common unitholders	32,587			21,267			59,795			37,264
Income from discontinued operations available for common unitholders	—			4,670			418,593			8,585
Net income available for common unitholders	$	32,587		$	25,937		$	478,388		$	45,849
Denominator:
Denominator for basic earnings per Common Unit – weighted average units	100,129			96,556			99,496			96,153
Earnings per Common Unit - basic:
Income from continuing operations available for common unitholders	$	0.33		$	0.22		$	0.60		$	0.39
Income from discontinued operations available for common unitholders	—			0.05			4.21			0.09
Net income available for common unitholders	$	0.33		$	0.27		$	4.81		$	0.48
Earnings per Common Unit - diluted:
Numerator:
Income from continuing operations	$	33,528		$	22,221		$	61,670		$	39,141
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations	(314		)	(328		)	(622		)	(624		)
Distributions on Preferred Units	(627		)	(626		)	(1,253		)	(1,253		)
Income from continuing operations available for common unitholders	32,587			21,267			59,795			37,264
Income from discontinued operations available for common unitholders	—			4,670			418,593			8,585
Net income available for common unitholders	$	32,587		$	25,937		$	478,388		$	45,849
Denominator:
Denominator for basic earnings per Common Unit – weighted average units	100,129			96,556			99,496			96,153
Add:
Stock options using the treasury method	90			84			87			104
Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions (1)	100,219			96,640			99,583			96,257
Earnings per Common Unit - diluted:
Income from continuing operations available for common unitholders	$	0.33		$	0.22		$	0.60		$	0.39
Income from discontinued operations available for common unitholders	—			0.05			4.20			0.09
Net income available for common unitholders	$	0.33		$	0.27		$	4.80		$	0.48

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(1)	Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable.