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Earnings per Unit | 9 Months Ended
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Sep. 30, 2017
Schedule of Earnings per Share [Line Items] |
Earnings per Unit | 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 |
Brixmor Operating Partnership LP |
Schedule of Earnings per Share [Line Items] |
Earnings per Unit | Earnings per Unit Basic earnings per unit is calculated by dividing net income attributable to the Operating Partnership’s common units, including any participating securities, by the weighted average number of partnership common units outstanding for the period. Certain restricted units 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 earnings per unit reflects the potential dilution that could occur if securities or other contracts to issue common units were exercised or converted into shares of common units. 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 Operating Partnership's common units. The following table provides a reconciliation of the numerator and denominator of the earnings per unit 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 Unit: |  |  |  |  |  |  |
Net income attributable to Brixmor Operating Partnership LP | $ | 83,380 |  |  | $ | 57,805 |  |  | $ | 230,473 |  |  | $ | 184,824 |
Non-forfeitable dividends on unvested restricted units | (10 | ) |  | (9 | ) |  | (31 | ) |  | (26 | )
Net income attributable to the Operating Partnership’s common units for basic earnings per unit | $ | 83,370 |  |  | $ | 57,796 |  |  | $ | 230,442 |  |  | $ | 184,798 |
Weighted average common units outstanding - basic | 304,936 |  |  | 304,659 |  |  | 304,914 |  |  | 304,577 |
Basic Earnings Per Unit Attributable to the Operating Partnership’s Common Units: |  |  |  |  |  |  |
Net Income | $ | 0.27 |  |  | $ | 0.19 |  |  | $ | 0.76 |  |  | $ | 0.61 |
Computation of Diluted Earnings Per Unit: |  |  |  |  |  |  |
Net income attributable to the Operating Partnership’s common units for diluted earnings per unit | $ | 83,370 |  |  | $ | 57,796 |  |  | $ | 230,442 |  |  | $ | 184,798 |
Weighted average common units outstanding - basic | 304,936 |  |  | 304,659 |  |  | 304,914 |  |  | 304,577 |
Effect of dilutive securities: |  |  |  |  |  |  |
Equity awards | 240 |  |  | 508 |  |  | 261 |  |  | 449 |
Weighted average common units outstanding - diluted | 305,176 |  |  | 305,167 |  |  | 305,175 |  |  | 305,026 |
Diluted Earnings Per Unit Attributable to the Operating Partnership’s Common Units: |  |  |  |  |  |  |
Net Income | $ | 0.27 |  |  | $ | 0.19 |  |  | $ | 0.76 |  |  | $ | 0.61 |

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