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Earnings per Unit
9 Months Ended
Sep. 30, 2020
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 stockholders 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 Company’s common stock.

The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the three and nine months ended September 30, 2020 and 2019 (dollars in thousands, except per share data):
Three
Months Ended
September 30,
Nine
Months Ended
September 30,
2020201920202019
Computation of Basic Earnings Per Share:
Net income$27,944 $80,854 $96,769 $212,714 
Non-forfeitable dividends on unvested restricted shares(82)(176)(269)(484)
Net income attributable to the Company’s common stockholders for basic earnings per share$27,862 $80,678 $96,500 $212,230 
Weighted average number shares outstanding – basic296,562 298,031 296,982 298,257 
Basic earnings per share attributable to the Company’s common stockholders:
Net income per share$0.09 $0.27 $0.32 $0.71 
Computation of Diluted Earnings Per Share:
Net income attributable to the Company’s common stockholders for diluted earnings per share$27,862 $80,678 $96,500 $212,230 
Weighted average shares outstanding – basic296,562 298,031 296,982 298,257 
Effect of dilutive securities:
Equity awards300 848 335 670 
Weighted average shares outstanding – diluted296,862 298,879 297,317 298,927 
Diluted earnings per share attributable to the Company’s common stockholders:
Net income per share$0.09 $0.27 $0.32 $0.71 
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 unitholders, 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 unitholders 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 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, 2020 and 2019 (dollars in thousands, except per unit data):
Three
Months Ended
September 30,
Nine
Months Ended
September 30,
2020201920202019
Computation of Basic Earnings Per Unit:
Net income$27,944 $80,854 $96,769 $212,714 
Non-forfeitable dividends on unvested restricted units(82)(176)(269)(484)
Net income attributable to the Operating Partnership’s common units for basic earnings per unit$27,862 $80,678 $96,500 $212,230 
Weighted average number common units outstanding – basic296,562 298,031 296,982 298,257 
Basic earnings per unit attributable to the Operating Partnership’s common units:
Net income per unit$0.09 $0.27 $0.32 $0.71 
Computation of Diluted Earnings Per Unit:
Net income attributable to the Operating Partnership’s common units for diluted earnings per unit$27,862 $80,678 $96,500 $212,230 
Weighted average common units outstanding – basic296,562 298,031 296,982 298,257 
Effect of dilutive securities:
Equity awards300 848 335 670 
Weighted average common units outstanding – diluted296,862 298,879 297,317 298,927 
Diluted earnings per unit attributable to the Operating Partnership’s common units:
Net income per unit$0.09 $0.27 $0.32 $0.71