Shareholders' Equity (Tables)

6 Months Ended

Jun. 30, 2015

Equity [Abstract]

Reconciliation of Changes in Total Shareholders' Equity

The following is a reconciliation of the changes in total shareholders’ equity for the period:

(dollars in thousands)	Six Months Ended June 30, 2015
Beginning balance of total shareholders’ equity	$	975,869
Net proceeds from the issuance of common stock		144,111
Exercise of stock options		855
Earned portion of non-vested stock		3,191
Stock option expense		117
Deferred compensation—directors		17
Adjustment to redemption value on noncontrolling redeemable Operating Partnership units		27
Net income attributable to common shareholders		50,983
Change in fair value of derivatives		(1,566	)
Dividends		(52,281	)
Ending balance of total shareholders’ equity	$	1,121,323