XML 78 R10.htm IDEA: XBRL DOCUMENT v3.2.0.727
Earnings per Share ("EPS"):
6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Earnings per Share ("EPS"):
Earnings per Share ("EPS"):
The following table reconciles the numerator and denominator used in the computation of earnings per share for the three and six months ended June 30, 2015 and 2014 (shares in thousands):
 
For the Three Months Ended June 30,
 
For the Six Months Ended June 30,
 
2015
 
2014
 
2015
 
2014
Numerator
 
 
 
 
 
 
 
Net income
$
15,746

 
$
17,986

 
$
42,413

 
$
37,629

Net income attributable to noncontrolling interests
(1,351
)
 
(1,898
)
 
(3,407
)
 
(3,722
)
Net income attributable to the Company
14,395

 
16,088

 
39,006

 
33,907

Allocation of earnings to participating securities
(147
)
 
(120
)
 
(295
)
 
(248
)
Numerator for basic and diluted earnings per share—net income attributable to common stockholders
$
14,248

 
$
15,968

 
$
38,711

 
$
33,659

Denominator
 
 
 
 
 
 
 
Denominator for basic earnings per share—weighted average number of common shares outstanding
158,501

 
140,894

 
158,419

 
140,831

Effect of dilutive securities:(1)
 
 
 
 
 
 
 
Share and unit-based compensation plans
132

 
142

 
168

 
98

Denominator for diluted earnings per share—weighted average number of common shares outstanding
158,633

 
141,036

 
158,587

 
140,929

Earnings per common share—net income attributable to common stockholders:
 
 
 
 
 
 
 
Basic
$
0.09

 
$
0.11

 
$
0.24

 
$
0.24

Diluted
$
0.09

 
$
0.11

 
$
0.24

 
$
0.24

 
 
 
(1)
Diluted EPS excludes 138,759 and 184,304 convertible preferred units for the three months ended June 30, 2015 and 2014, respectively, and 139,620 and 184,304 convertible preferred units for the six months ended June 30, 2015 and 2014, respectively, as their impact was antidilutive.
Diluted EPS excludes 10,577,945 and 10,113,486 Operating Partnership units ("OP Units") for the three months ended June 30, 2015 and 2014, respectively, and 10,547,401 and 10,052,805 OP Units for the six months ended June 30, 2015 and 2014, respectively, as their impact was antidilutive.