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Note 15—Earnings Per Share
The following table shows the amounts used in computing our basic and diluted earnings per common share:
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For the Year Ended December 31, |
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2011 |
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2010 |
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2009 |
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(In thousands, except per share amounts)
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Numerator for basic and diluted earnings per share: |
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Income from continuing operations attributable to common stockholders |
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$ |
362,810 |
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$ |
215,324 |
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$ |
190,423 |
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Discontinued operations |
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1,683 |
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30,843 |
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76,072 |
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Net income attributable to common stockholders |
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$ |
364,493 |
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$ |
246,167 |
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$ |
266,495 |
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Denominator: |
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Denominator for basic earnings per share—weighted average shares |
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228,453 |
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156,608 |
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152,566 |
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Effect of dilutive securities: |
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Stock options |
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449 |
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407 |
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126 |
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Restricted stock awards |
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53 |
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70 |
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64 |
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OP units |
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942 |
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— |
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— |
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Convertible notes |
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893 |
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572 |
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2 |
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Denominator for diluted earnings per share—adjusted weighted average shares |
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230,790 |
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157,657 |
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152,758 |
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Basic earnings per share: |
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Income from continuing operations attributable to common stockholders |
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$ |
1.59 |
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$ |
1.37 |
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$ |
1.25 |
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Discontinued operations |
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0.01 |
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0.20 |
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0.50 |
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Net income attributable to common stockholders |
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$ |
1.60 |
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$ |
1.57 |
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$ |
1.75 |
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Diluted earnings per share: |
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Income from continuing operations attributable to common stockholders |
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$ |
1.57 |
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$ |
1.36 |
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$ |
1.24 |
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Discontinued operations |
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0.01 |
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0.20 |
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$ |
0.50 |
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Net income attributable to common stockholders |
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$ |
1.58 |
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$ |
1.56 |
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$ |
1.74 |
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There were 309,650, 0 and 975,500 anti-dilutive options outstanding for the years ended December 31, 2011, 2010 and 2009, respectively. |