| Net income available to common stockholders |
The following table reconciles the numerator and denominator in computing the Company’s basic and diluted per-share computations for net income available to common stockholders for the years ended December 31, 2015, 2014 and 2013:
| | | | | | | | | | | | | | Year Ended December 31, | | 2015 | | 2014 | | 2013 | | (in thousands, except unit and per unit amounts) | Numerator: | | | | | | Income from continuing operations | $ | 238,604 |
| | $ | 59,313 |
| | $ | 14,935 |
| Income from continuing operations attributable to noncontrolling interests | (4,523 | ) | | (966 | ) | | (36 | ) | Preferred dividends and distributions | (13,250 | ) | | (13,250 | ) | | (13,250 | ) | Allocation to participating securities (1) | (1,634 | ) | | (1,699 | ) | | (1,689 | ) | Numerator for basic and diluted income (loss) from continuing operations available to common stockholders | 219,197 |
| | 43,398 |
| | (40 | ) | Income from discontinued operations (2) | — |
| | 124,495 |
| | 29,630 |
| Income from discontinued operations attributable to noncontrolling common units of the Operating Partnership (2) | — |
| | (2,623 | ) | | (649 | ) | Numerator for basic and diluted net income available to common stockholders | $ | 219,197 |
| | $ | 165,270 |
| | $ | 28,941 |
| Denominator: | | | | | | Basic weighted average vested shares outstanding | 89,854,096 |
| | 83,090,235 |
| | 77,343,853 |
| Effect of dilutive securities – contingently issuable shares and stock options | 541,679 |
| | 1,877,485 |
| | — |
| Diluted weighted average vested shares and common stock equivalents outstanding | 90,395,775 |
| | 84,967,720 |
| | 77,343,853 |
| Basic earnings per share: | | | | | | Income from continuing operations available to common stockholders per share | $ | 2.44 |
| | $ | 0.52 |
| | $ | 0.00 |
| Income from discontinued operations per share of common stock (2) | — |
| | 1.47 |
| | 0.37 |
| Net income available to common stockholders per share | $ | 2.44 |
| | $ | 1.99 |
| | $ | 0.37 |
| Diluted earnings per share: | | | | | | Income from continuing operations available to common stockholders per share | $ | 2.42 |
| | $ | 0.51 |
| | $ | 0.00 |
| Income from discontinued operations per share of common stock (2) | — |
| | 1.44 |
| | 0.37 |
| Net income available to common stockholders per share | $ | 2.42 |
| | $ | 1.95 |
| | $ | 0.37 |
|
________________________ | | (1) | Participating securities include nonvested shares, certain time-based RSUs and vested market measure-based RSUs. |
|