v2.4.0.6
Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2011
Earnings Per Share  
Computation of basic and diluted earnings per common share

 

 

 
  For the Year Ended December 31,  
 
  2011   2010   2009  
 
  (In thousands, except per share amounts)
 

Numerator for basic and diluted earnings per share:

                   

Income from continuing operations attributable to common stockholders

  $ 362,810   $ 215,324   $ 190,423  

Discontinued operations

    1,683     30,843     76,072  
               

Net income attributable to common stockholders

  $ 364,493   $ 246,167   $ 266,495  
               

Denominator:

                   

Denominator for basic earnings per share—weighted average shares

    228,453     156,608     152,566  

Effect of dilutive securities:

                   

Stock options

    449     407     126  

Restricted stock awards

    53     70     64  

OP units

    942          

Convertible notes

    893     572     2  
               

Denominator for diluted earnings per share—adjusted weighted average shares

    230,790     157,657     152,758  
               

Basic earnings per share:

                   

Income from continuing operations attributable to common stockholders

  $ 1.59   $ 1.37   $ 1.25  

Discontinued operations

    0.01     0.20     0.50  
               

Net income attributable to common stockholders

  $ 1.60   $ 1.57   $ 1.75  
               

Diluted earnings per share:

                   

Income from continuing operations attributable to common stockholders

  $ 1.57   $ 1.36   $ 1.24  

Discontinued operations

    0.01     0.20   $ 0.50  
               

Net income attributable to common stockholders

  $ 1.58   $ 1.56   $ 1.74