Earnings Per Share and Earnings Per Unit (Tables)

6 Months Ended

Jun. 30, 2019

Earnings Per Share

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

(in thousands except per share data)	Three Months Ended June 30, 2019		Three Months Ended June 30, 2018		Six Months Ended June 30, 2019		Six Months Ended June 30, 2018
Numerator:
Net income attributable to common shareholders	$	40,742	$	39,274	$	75,196	$	73,163
Denominator:
Denominator for basic earnings per share – weighted average shares		46,582		46,481		46,574		46,467
Effect of Dilutive Securities:
Stock options and non-vested stock		49		95		60		90
Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversion		46,631		46,576		46,634		46,557
Basic earnings per common share attributable to common shareholders	$	0.87	$	0.84	$	1.61	$	1.57
Diluted earnings per common share attributable to common shareholders	$	0.87	$	0.84	$	1.61	$	1.57

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, 2019		Three Months Ended June 30, 2018		Six Months Ended June 30, 2019		Six Months Ended June 30, 2018
Numerator:
Net income attributable to common unitholders	$	40,742	$	39,274	$	75,196	$	73,163
Denominator:
Denominator for basic earnings per unit – weighted average units		46,582		46,481		46,574		46,467
Effect of Dilutive Securities:
Stock options and non-vested stock		49		95		60		90
Denominator for diluted earnings per unit – adjusted weighted average units and assumed conversion		46,631		46,576		46,634		46,557
Basic earnings per common unit attributable to common unitholders	$	0.87	$	0.84	$	1.61	$	1.57
Diluted earnings per common unit attributable to common unitholders	$	0.87	$	0.84	$	1.61	$	1.57