XML 33 R20.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Earnings per Share | 9 Months Ended
--- | ---
Sep. 30, 2017
Earnings Per Share [Abstract] |
Earnings per Share | Earnings per Share Basic earnings per share (“EPS”) is calculated by dividing net income attributable to the Company’s common stockholders, including any participating securities, by the weighted average number of shares outstanding for the period. Certain restricted shares issued pursuant to the Company’s share-based compensation program are considered participating securities, as such shares have rights to receive non-forfeitable dividends. Fully-diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into shares of common stock. Unvested RSUs are not allocated net losses and/or any excess of dividends declared over net income, as such amounts are allocated entirely to the common stockholders. The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the three and nine months ended September 30, 2017 and 2016:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2017 |  | 2016 |  | 2017 |  | 2016
Computation of Basic Earnings Per Share: |  |  |  |  |  |  |
Net income | $ | 83,380 |  |  | $ | 57,805 |  |  | $ | 230,473 |  |  | $ | 184,824 |
Income attributable to non-controlling interests | — |  |  | (313 | ) |  | (76 | ) |  | (2,399 | )
Non-forfeitable dividends on unvested restricted shares | (10 | ) |  | (9 | ) |  | (31 | ) |  | (26 | )
Preferred stock dividends | — |  |  | — |  |  | (39 | ) |  | — |
Net income attributable to the Company’s common stockholders for basic earnings per share | $ | 83,370 |  |  | $ | 57,483 |  |  | $ | 230,327 |  |  | $ | 182,399 |
Weighted average shares outstanding - basic | 304,936 |  |  | 303,013 |  |  | 304,810 |  |  | 300,697 |
Basic Earnings Per Share Attributable to the Company’s Common Stockholders: |  |  |  |  |  |  |
Net income | $ | 0.27 |  |  | $ | 0.19 |  |  | $ | 0.76 |  |  | $ | 0.61 |
Computation of Diluted Earnings Per Share: |  |  |  |  |  |  |
Net income attributable to the Company’s common stockholders for basic earnings per share | $ | 83,370 |  |  | $ | 57,483 |  |  | $ | 230,327 |  |  | $ | 182,399 |
Allocation of net income to dilutive convertible non-controlling interests | — |  |  | — |  |  | 76 |  |  | — |
Net income attributable to the Company’s common stockholders for diluted earnings per share | $ | 83,370 |  |  | $ | 57,483 |  |  | $ | 230,403 |  |  | $ | 182,399 |
Weighted average shares outstanding - basic | 304,936 |  |  | 303,013 |  |  | 304,810 |  |  | 300,697 |
Effect of dilutive securities: |  |  |  |  |  |  |
Conversion of OP Units | — |  |  | — |  |  | 104 |  |  | — |
Equity awards | 240 |  |  | 508 |  |  | 261 |  |  | 449 |
Weighted average shares outstanding - diluted | 305,176 |  |  | 303,521 |  |  | 305,175 |  |  | 301,146 |
Diluted Earnings Per Share Attributable to the Company’s Common Stockholders: |  |  |  |  |  |  |
Net income | $ | 0.27 |  |  | $ | 0.19 |  |  | $ | 0.75 |  |  | $ | 0.61 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration