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,
	2017			2016			2017			2016
Earnings per Common Share - basic:
Numerator:
Income from continuing operations	$	39,554		$	33,528		$	73,039		$	61,670
Net (income) attributable to noncontrolling interests in the Operating Partnership from continuing operations	(1,043		)	(939		)	(1,931		)	(1,685		)
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations	(299		)	(314		)	(599		)	(622		)
Dividends on Preferred Stock	(623		)	(627		)	(1,246		)	(1,253		)
Income from continuing operations available for common stockholders	37,589			31,648			69,263			58,110
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	$	37,589		$	31,648		$	69,263		$	464,438
Denominator:
Denominator for basic earnings per Common Share – weighted average shares	102,475			97,648			102,109			97,010
Earnings per Common Share - basic:
Income from continuing operations available for common stockholders	$	0.37		$	0.32		$	0.68		$	0.60
Income from discontinued operations available for common stockholders	—			—			—			4.19
Net income available for common stockholders	$	0.37		$	0.32		$	0.68		$	4.79
Earnings per Common Share - diluted:
Numerator:
Income from continuing operations	$	39,554		$	33,528		$	73,039		$	61,670
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations	(299		)	(314		)	(599		)	(622		)
Dividends on Preferred Stock	(623		)	(627		)	(1,246		)	(1,253		)
Income from continuing operations available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership	38,632			32,587			71,194			59,795
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	$	38,632		$	32,587		$	71,194		$	478,388
Denominator:
Denominator for basic earnings per Common Share – weighted average shares	102,475			97,648			102,109			97,010
Add:
Stock options using the treasury method	77			90			81			87
Noncontrolling interests Common Units	2,834			2,890			2,836			2,895
Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions (1)	105,386			100,628			105,026			99,992
Earnings per Common Share - diluted:
Income from continuing operations available for common stockholders	$	0.37		$	0.32		$	0.68		$	0.60
Income from discontinued operations available for common stockholders	—			—			—			4.18
Net income available for common stockholders	$	0.37		$	0.32		$	0.68		$	4.78

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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 June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
Earnings per Common Unit - basic:
Numerator:
Income from continuing operations	$	39,554		$	33,528		$	73,039		$	61,670
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations	(299		)	(314		)	(599		)	(622		)
Distributions on Preferred Units	(623		)	(627		)	(1,246		)	(1,253		)
Income from continuing operations available for common unitholders	38,632			32,587			71,194			59,795
Income from discontinued operations available for common unitholders	—			—			—			418,593
Net income available for common unitholders	$	38,632		$	32,587		$	71,194		$	478,388
Denominator:
Denominator for basic earnings per Common Unit – weighted average units	104,900			100,129			104,536			99,496
Earnings per Common Unit - basic:
Income from continuing operations available for common unitholders	$	0.37		$	0.33		$	0.68		$	0.60
Income from discontinued operations available for common unitholders	—			—			—			4.21
Net income available for common unitholders	$	0.37		$	0.33		$	0.68		$	4.81
Earnings per Common Unit - diluted:
Numerator:
Income from continuing operations	$	39,554		$	33,528		$	73,039		$	61,670
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations	(299		)	(314		)	(599		)	(622		)
Distributions on Preferred Units	(623		)	(627		)	(1,246		)	(1,253		)
Income from continuing operations available for common unitholders	38,632			32,587			71,194			59,795
Income from discontinued operations available for common unitholders	—			—			—			418,593
Net income available for common unitholders	$	38,632		$	32,587		$	71,194		$	478,388
Denominator:
Denominator for basic earnings per Common Unit – weighted average units	104,900			100,129			104,536			99,496
Add:
Stock options using the treasury method	77			90			81			87
Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions (1)	104,977			100,219			104,617			99,583
Earnings per Common Unit - diluted:
Income from continuing operations available for common unitholders	$	0.37		$	0.33		$	0.68		$	0.60
Income from discontinued operations available for common unitholders	—			—			—			4.20
Net income available for common unitholders	$	0.37		$	0.33		$	0.68		$	4.80

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