| Computation of basic and diluted earnings per common share |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the Three Months |
|
|
For the Nine Months |
|
| |
|
Ended September 30, |
|
|
Ended September 30, |
|
| |
|
2011 |
|
|
2010 |
|
|
2011 |
|
|
2010 |
|
| |
|
(In thousands, except per share amounts) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Numerator for basic and diluted earnings per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations attributable to common stockholders
|
|
$ |
102,885 |
|
|
$ |
57,356 |
|
|
$ |
171,545 |
|
|
$ |
161,445 |
|
|
Discontinued operations
|
|
|
— |
|
|
|
542 |
|
|
|
— |
|
|
|
7,139 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to common stockholders
|
|
$ |
102,885 |
|
|
$ |
57,898 |
|
|
$ |
171,545 |
|
|
$ |
168,584 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Denominator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Denominator for basic earnings per
share — weighted average shares
|
|
|
287,365 |
|
|
|
156,631 |
|
|
|
208,470 |
|
|
|
156,566 |
|
|
Effect of dilutive securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock options
|
|
|
412 |
|
|
|
451 |
|
|
|
458 |
|
|
|
375 |
|
|
Restricted stock awards
|
|
|
38 |
|
|
|
95 |
|
|
|
57 |
|
|
|
62 |
|
|
OP units
|
|
|
1,868 |
|
|
|
— |
|
|
|
630 |
|
|
|
— |
|
|
Convertible notes
|
|
|
1,111 |
|
|
|
764 |
|
|
|
1,235 |
|
|
|
450 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Denominator for diluted earnings per
share — adjusted weighted average shares
|
|
|
290,794 |
|
|
|
157,941 |
|
|
|
210,850 |
|
|
|
157,453 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic earnings per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations attributable to common stockholders
|
|
$ |
0.36 |
|
|
$ |
0.37 |
|
|
$ |
0.82 |
|
|
$ |
1.03 |
|
|
Discontinued operations
|
|
|
— |
|
|
|
0.00 |
|
|
|
— |
|
|
|
0.05 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to common stockholders
|
|
$ |
0.36 |
|
|
$ |
0.37 |
|
|
$ |
0.82 |
|
|
$ |
1.08 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations attributable to common stockholders
|
|
$ |
0.35 |
|
|
$ |
0.37 |
|
|
$ |
0.81 |
|
|
$ |
1.02 |
|
|
Discontinued operations
|
|
|
— |
|
|
|
0.00 |
|
|
|
— |
|
|
|
0.05 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to common stockholders
|
|
$ |
0.35 |
|
|
$ |
0.37 |
|
|
$ |
0.81 |
|
|
$ |
1.07 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|