XML 34 R28.htm IDEA: XBRL DOCUMENT v2.4.1.9
Earnings per Share ("EPS"): (Tables)
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Reconciliation of numerator and denominator used in computation of earnings per share
The following table reconciles the numerator and denominator used in the computation of earnings per share for the three months ended March 31, 2015 and 2014 (shares in thousands):
 
 
For the Three Months Ended March 31,
 
 
2015
 
2014
Numerator
 
 
 
 
Net income
 
$
26,667

 
$
19,644

Net income attributable to noncontrolling interests
 
(2,056
)
 
(1,825
)
Net income attributable to the Company
 
24,611

 
17,819

Allocation of earnings to participating securities
 
(148
)
 
(128
)
Numerator for basic and diluted earnings per share—net income attributable to common stockholders
 
$
24,463

 
$
17,691

Denominator
 
 
 
 
Denominator for basic earnings per share—weighted average number of common shares outstanding
 
158,336

 
140,767

Effect of dilutive securities:(1)
 
 
 
 
Share and unit-based compensation plans
 
208

 
50

Denominator for diluted earnings per share—weighted average number of common shares outstanding
 
158,544

 
140,817

Earnings per common share—net income attributable to common stockholders:
 
 
 
 
Basic
 
$
0.15

 
$
0.13

Diluted
 
$
0.15

 
$
0.13

 
 
 
(1)
Diluted EPS excludes 140,490 and 184,304 convertible preferred units for the three months ended March 31, 2015 and 2014, respectively, as their impact was antidilutive.
Diluted EPS excludes 10,068 unexercised stock options for the three months ended March 31, 2014 as their impact was antidilutive.
Diluted EPS excludes 10,516,523 and 9,991,438 Operating Partnership units ("OP Units") for the three months ended March 31, 2015 and 2014, respectively, as their impact was antidilutive.