| Summary of Components used in Calculation of Basic and Diluted Earnings per Share |
The following table summarizes the components used in the calculation of basic and diluted earnings per share (“EPS”):
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For the three months ended
June 30, |
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For the six months ended
June 30, |
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(in thousands, except per share) |
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2017 |
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2016 |
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2017 |
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2016 |
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Basic earnings: |
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Net earnings attributable to Broadstone Net Lease, Inc. |
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$ |
14,727 |
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$ |
4,818 |
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$ |
27,320 |
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$ |
9,916 |
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Diluted earnings: |
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Net earnings attributable to Broadstone Net Lease, Inc. |
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$ |
14,727 |
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$ |
4,818 |
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$ |
27,320 |
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$ |
9,916 |
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Net earnings attributable to non-controlling interests |
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1,265 |
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538 |
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2,418 |
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1,141 |
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$ |
15,992 |
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$ |
5,356 |
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$ |
29,738 |
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$ |
11,057 |
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Basic and diluted weighted average shares outstanding: |
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Weighted average number of common shares outstanding used in
basic earnings per share |
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16,623 |
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12,766 |
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16,102 |
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12,284 |
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Effects of convertible membership units |
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1,428 |
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1,427 |
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1,428 |
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1,411 |
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Weighted average number of common shares outstanding used in
diluted earnings per share |
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18,051 |
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14,193 |
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17,530 |
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13,695 |
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Basic and diluted net earnings per common share |
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$ |
0.89 |
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$ |
0.38 |
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$ |
1.70 |
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$ |
0.81 |
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