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Earnings per Share ("EPS") (Tables)
6 Months Ended
Jun. 30, 2017
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 EPS for the three and six months ended June 30, 2017 and 2016 (shares in thousands):
 
For the Three Months Ended June 30,
 
For the Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Numerator
 
 
 
 
 
 
 
Net income
$
29,052

 
$
49,434

 
$
103,861

 
$
500,809

Net income attributable to noncontrolling interests
(2,414
)
 
(4,212
)
 
(7,980
)
 
(34,672
)
Net income attributable to the Company
26,638

 
45,222

 
95,881

 
466,137

Allocation of earnings to participating securities
(188
)
 
(170
)
 
(375
)
 
(557
)
Numerator for basic and diluted EPS—net income attributable to common stockholders
$
26,450

 
$
45,052

 
$
95,506

 
$
465,580

Denominator
 
 
 
 
 
 
 
Denominator for basic EPS—weighted average number of common shares outstanding
141,695

 
146,644

 
142,640

 
149,314

Effect of dilutive securities(1):
 
 
 
 
 
 
 
Share and unit-based compensation plans
33

 
125

 
47

 
145

Denominator for diluted EPS—weighted average number of common shares outstanding
141,728

 
146,769

 
142,687

 
149,459

Earnings per common share—net income attributable to common stockholders:
 
 
 
 
 
 
 
Basic
$
0.19

 
$
0.31

 
$
0.67

 
$
3.12

Diluted
$
0.19

 
$
0.31

 
$
0.67

 
$
3.12

 
 
 
(1)
Diluted EPS excludes 90,619 and 138,759 convertible preferred partnership units for the three months ended June 30, 2017 and 2016, respectively, and 90,619 and 138,759 convertible preferred partnership units for the six months ended June 30, 2017 and 2016, respectively, as their impact was antidilutive.
Diluted EPS excludes 10,526,547 and 10,833,354 Operating Partnership units ("OP Units") for the three months ended June 30, 2017 and 2016, respectively, and 10,558,809 and 10,826,849 OP Units for the six months ended June 30, 2017 and 2016, respectively, as their impact was antidilutive.