Earnings per Share ("EPS")

9 Months Ended

Sep. 30, 2016

Earnings per Share ("EPS"):

The following table reconciles the numerator and denominator used in the computation of EPS for the three and nine months ended September 30, 2016 and 2015 (shares in thousands):



	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2016			2015			2016			2015
Numerator
Net income	$	13,196		$	36,314		$	514,005		$	78,727
Net income attributable to noncontrolling interests	534			(2,717		)	(34,138		)	(6,124		)
Net income attributable to the Company	13,730			33,597			479,867			72,603
Allocation of earnings to participating securities	(170		)	(147		)	(586		)	(442		)
Numerator for basic and diluted EPS—net income attributable to common stockholders	$	13,560		$	33,450		$	479,281		$	72,161
Denominator
Denominator for basic EPS—weighted average number of common shares outstanding	143,923			158,517			147,504			158,452
Effect of dilutive securities:(1)
Share and unit-based compensation plans	113			117			126			151
Denominator for diluted EPS—weighted average number of common shares outstanding	144,036			158,634			147,630			158,603
Earnings per common share—net income attributable to common stockholders:
Basic	$	0.09		$	0.21		$	3.25		$	0.46
Diluted	$	0.09		$	0.21		$	3.25		$	0.45


(1)	Diluted EPS excludes 138,759 convertible preferred units for the three months ended September 30, 2016 and 2015, and 138,759 and 139,330 convertible preferred units for the nine months ended September 30, 2016 and 2015, respectively, as their impact was antidilutive.

Diluted EPS excludes 10,666,565 and 10,576,632 Operating Partnership units ("OP Units") for the three months ended September 30, 2016 and 2015, respectively, and 10,773,029 and 10,557,254 OP Units for the nine months ended September 30, 2016 and 2015, respectively, as their impact was antidilutive.