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 March 31,
	2017			2016
Earnings per Common Share - basic:
Numerator:
Income from continuing operations	$	33,485		$	28,142
Net (income) attributable to noncontrolling interests in the Operating Partnership from continuing operations	(888		)	(746		)
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations	(300		)	(308		)
Dividends on Preferred Stock	(623		)	(626		)
Income from continuing operations available for common stockholders	31,674			26,462
Income from discontinued operations	—			418,593
Net (income) attributable to noncontrolling interests in the Operating Partnership from discontinued operations	—			(12,265		)
Income from discontinued operations available for common stockholders	—			406,328
Net income available for common stockholders	$	31,674		$	432,790
Denominator:
Denominator for basic earnings per Common Share – weighted average shares	101,738			96,373
Earnings per Common Share - basic:
Income from continuing operations available for common stockholders	$	0.31		$	0.27
Income from discontinued operations available for common stockholders	—			4.22
Net income available for common stockholders	$	0.31		$	4.49
Earnings per Common Share - diluted:
Numerator:
Income from continuing operations	$	33,485		$	28,142
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations	(300		)	(308		)
Dividends on Preferred Stock	(623		)	(626		)
Income from continuing operations available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership	32,562			27,208
Income from discontinued operations available for common stockholders	—			418,593
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership	$	32,562		$	445,801
Denominator:
Denominator for basic earnings per Common Share – weighted average shares	101,738			96,373
Add:
Stock options using the treasury method	85			84
Noncontrolling interests Common Units	2,838			2,900
Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions (1)	104,661			99,357
Earnings per Common Share - diluted:
Income from continuing operations available for common stockholders	$	0.31		$	0.27
Income from discontinued operations available for common stockholders	—			4.22
Net income available for common stockholders	$	0.31		$	4.49

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


12.	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 March 31,
	2017			2016
Earnings per Common Unit - basic:
Numerator:
Income from continuing operations	$	33,485		$	28,142
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations	(300		)	(308		)
Distributions on Preferred Units	(623		)	(626		)
Income from continuing operations available for common unitholders	32,562			27,208
Income from discontinued operations available for common unitholders	—			418,593
Net income available for common unitholders	$	32,562		$	445,801
Denominator:
Denominator for basic earnings per Common Unit – weighted average units	104,167			98,864
Earnings per Common Unit - basic:
Income from continuing operations available for common unitholders	$	0.31		$	0.28
Income from discontinued operations available for common unitholders	—			4.23
Net income available for common unitholders	$	0.31		$	4.51
Earnings per Common Unit - diluted:
Numerator:
Income from continuing operations	$	33,485		$	28,142
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations	(300		)	(308		)
Distributions on Preferred Units	(623		)	(626		)
Income from continuing operations available for common unitholders	32,562			27,208
Income from discontinued operations available for common unitholders	—			418,593
Net income available for common unitholders	$	32,562		$	445,801
Denominator:
Denominator for basic earnings per Common Unit – weighted average units	104,167			98,864
Add:
Stock options using the treasury method	85			84
Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions (1)	104,252			98,948
Earnings per Common Unit - diluted:
Income from continuing operations available for common unitholders	$	0.31		$	0.28
Income from discontinued operations available for common unitholders	—			4.23
Net income available for common unitholders	$	0.31		$	4.51

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