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Earnings Per Share and Earnings Per Unit (Tables)
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Common Share/Unit

The following table sets forth the computation of basic and diluted earnings per common share utilizing the two-class method.

Earnings Per Share

 

(in thousands except per share data)

 

Three Months

Ended

June 30, 2018

 

 

Three Months

Ended

June 30, 2017

 

 

Six Months

Ended

June 30, 2018

 

 

Six Months

Ended

June 30, 2017

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to common shareholders

 

$

39,274

 

 

$

19,355

 

 

$

73,163

 

 

$

39,785

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic earnings per share – weighted

   average shares

 

 

46,481

 

 

 

46,365

 

 

 

46,467

 

 

 

46,335

 

Effect of Dilutive Securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options and non-vested stock

 

 

95

 

 

 

113

 

 

 

90

 

 

 

113

 

Denominator for diluted earnings per share – adjusted

   weighted average shares and assumed conversion

 

 

46,576

 

 

 

46,478

 

 

 

46,557

 

 

 

46,448

 

Basic earnings per common share attributable to

   common shareholders

 

$

0.84

 

 

$

0.42

 

 

$

1.57

 

 

$

0.86

 

Diluted earnings per common share attributable to

   common shareholders

 

$

0.84

 

 

$

0.42

 

 

$

1.57

 

 

$

0.86

 

 

Earnings Per Unit

The following table sets forth the computation of basic and diluted earnings per common unit utilizing the two-class method.

 

(in thousands except per unit data)

 

Three Months

Ended

June 30, 2018

 

 

Three Months

Ended

June 30, 2017

 

 

Six Months

Ended

June 30, 2018

 

 

Six Months

Ended

June 30, 2017

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to common unitholders

 

$

39,274

 

 

$

19,355

 

 

$

73,163

 

 

$

39,785

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic earnings per unit – weighted

   average units

 

 

46,481

 

 

 

46,365

 

 

 

46,467

 

 

 

46,335

 

Effect of Dilutive Securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options and non-vested stock

 

 

95

 

 

 

113

 

 

 

90

 

 

 

113

 

Denominator for diluted earnings per unit – adjusted

   weighted average units and assumed conversion

 

 

46,576

 

 

 

46,478

 

 

 

46,557

 

 

 

46,448

 

Basic earnings per common unit attributable to

   common unitholders

 

$

0.84

 

 

$

0.42

 

 

$

1.57

 

 

$

0.86

 

Diluted earnings per common unit attributable to

   common unitholders

 

$

0.84

 

 

$

0.42

 

 

$

1.57

 

 

$

0.86