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Earnings Per Share and Per Unit | 9 Months Ended
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Sep. 30, 2016
Earnings Per Share [Abstract] |
Earnings Per Share and Per Unit | Earnings Per Share and Per Unit The following table sets forth the computation of basic and diluted earnings per share of the Company:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2016 |  | 2015 |  | 2016 |  | 2015
Earnings per Common Share - basic: |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Income from continuing operations | $ | 33,840 |  |  | $ | 27,352 |  |  | $ | 95,510 |  |  | $ | 66,493 |
Net (income) attributable to noncontrolling interests in the Operating Partnership from continuing operations | (926 | ) |  | (790 | ) |  | (2,611 | ) |  | (1,907 | )
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations | (319 | ) |  | (324 | ) |  | (941 | ) |  | (948 | )
Dividends on Preferred Stock | (624 | ) |  | (626 | ) |  | (1,877 | ) |  | (1,879 | )
Income from continuing operations available for common stockholders | 31,971 |  |  | 25,612 |  |  | 90,081 |  |  | 61,759 |
Income from discontinued operations | — |  |  | 4,265 |  |  | 418,593 |  |  | 12,850 |
Net (income) attributable to noncontrolling interests in the Operating Partnership from discontinued operations | — |  |  | (128 | ) |  | (12,265 | ) |  | (389 | )
Income from discontinued operations available for common stockholders | — |  |  | 4,137 |  |  | 406,328 |  |  | 12,461 |
Net income available for common stockholders | $ | 31,971 |  |  | $ | 29,749 |  |  | $ | 496,409 |  |  | $ | 74,220 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings per Common Share – weighted average shares | 98,973 |  |  | 94,693 |  |  | 97,669 |  |  | 93,996 |
Earnings per Common Share - basic: |  |  |  |  |  |  |
Income from continuing operations available for common stockholders | $ | 0.32 |  |  | $ | 0.27 |  |  | $ | 0.92 |  |  | $ | 0.66 |
Income from discontinued operations available for common stockholders | — |  |  | 0.04 |  |  | 4.16 |  |  | 0.13 |
Net income available for common stockholders | $ | 0.32 |  |  | $ | 0.31 |  |  | $ | 5.08 |  |  | $ | 0.79 |
Earnings per Common Share - diluted: |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Income from continuing operations | $ | 33,840 |  |  | $ | 27,352 |  |  | $ | 95,510 |  |  | $ | 66,493 |
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations | (319 | ) |  | (324 | ) |  | (941 | ) |  | (948 | )
Dividends on Preferred Stock | (624 | ) |  | (626 | ) |  | (1,877 | ) |  | (1,879 | )
Income from continuing operations available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership | 32,897 |  |  | 26,402 |  |  | 92,692 |  |  | 63,666 |
Income from discontinued operations available for common stockholders | — |  |  | 4,265 |  |  | 418,593 |  |  | 12,850 |
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership | $ | 32,897 |  |  | $ | 30,667 |  |  | $ | 511,285 |  |  | $ | 76,516 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings per Common Share – weighted average shares | 98,973 |  |  | 94,693 |  |  | 97,669 |  |  | 93,996 |
Add: |  |  |  |  |  |  |
Stock options using the treasury method | 108 |  |  | 58 |  |  | 94 |  |  | 89 |
Noncontrolling interests Common Units | 2,858 |  |  | 2,910 |  |  | 2,882 |  |  | 2,918 |
Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions (1) | 101,939 |  |  | 97,661 |  |  | 100,645 |  |  | 97,003 |
Earnings per Common Share - diluted: |  |  |  |  |  |  |
Income from continuing operations available for common stockholders | $ | 0.32 |  |  | $ | 0.27 |  |  | $ | 0.92 |  |  | $ | 0.66 |
Income from discontinued operations available for common stockholders | — |  |  | 0.04 |  |  | 4.16 |  |  | 0.13 |
Net income available for common stockholders | $ | 0.32 |  |  | $ | 0.31 |  |  | $ | 5.08 |  |  | $ | 0.79 |
__________
(1) | Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable.
13. | Earnings Per Share and Per Unit - Continued
The following table sets forth the computation of basic and diluted earnings per unit of the Operating Partnership:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2016 |  | 2015 |  | 2016 |  | 2015
Earnings per Common Unit - basic: |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Income from continuing operations | $ | 33,840 |  |  | $ | 27,352 |  |  | $ | 95,510 |  |  | $ | 66,493 |
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations | (319 | ) |  | (324 | ) |  | (941 | ) |  | (948 | )
Distributions on Preferred Units | (624 | ) |  | (626 | ) |  | (1,877 | ) |  | (1,879 | )
Income from continuing operations available for common unitholders | 32,897 |  |  | 26,402 |  |  | 92,692 |  |  | 63,666 |
Income from discontinued operations available for common unitholders | — |  |  | 4,265 |  |  | 418,593 |  |  | 12,850 |
Net income available for common unitholders | $ | 32,897 |  |  | $ | 30,667 |  |  | $ | 511,285 |  |  | $ | 76,516 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings per Common Unit – weighted average units | 101,422 |  |  | 97,194 |  |  | 100,142 |  |  | 96,505 |
Earnings per Common Unit - basic: |  |  |  |  |  |  |
Income from continuing operations available for common unitholders | $ | 0.32 |  |  | $ | 0.27 |  |  | $ | 0.93 |  |  | $ | 0.66 |
Income from discontinued operations available for common unitholders | — |  |  | 0.05 |  |  | 4.18 |  |  | 0.13 |
Net income available for common unitholders | $ | 0.32 |  |  | $ | 0.32 |  |  | $ | 5.11 |  |  | $ | 0.79 |
Earnings per Common Unit - diluted: |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Income from continuing operations | $ | 33,840 |  |  | $ | 27,352 |  |  | $ | 95,510 |  |  | $ | 66,493 |
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations | (319 | ) |  | (324 | ) |  | (941 | ) |  | (948 | )
Distributions on Preferred Units | (624 | ) |  | (626 | ) |  | (1,877 | ) |  | (1,879 | )
Income from continuing operations available for common unitholders | 32,897 |  |  | 26,402 |  |  | 92,692 |  |  | 63,666 |
Income from discontinued operations available for common unitholders | — |  |  | 4,265 |  |  | 418,593 |  |  | 12,850 |
Net income available for common unitholders | $ | 32,897 |  |  | $ | 30,667 |  |  | $ | 511,285 |  |  | $ | 76,516 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings per Common Unit – weighted average units | 101,422 |  |  | 97,194 |  |  | 100,142 |  |  | 96,505 |
Add: |  |  |  |  |  |  |
Stock options using the treasury method | 108 |  |  | 58 |  |  | 94 |  |  | 89 |
Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions (1) | 101,530 |  |  | 97,252 |  |  | 100,236 |  |  | 96,594 |
Earnings per Common Unit - diluted: |  |  |  |  |  |  |
Income from continuing operations available for common unitholders | $ | 0.32 |  |  | $ | 0.27 |  |  | $ | 0.92 |  |  | $ | 0.66 |
Income from discontinued operations available for common unitholders | — |  |  | 0.05 |  |  | 4.18 |  |  | 0.13 |
Net income available for common unitholders | $ | 0.32 |  |  | $ | 0.32 |  |  | $ | 5.10 |  |  | $ | 0.79 |
__________
(1) | Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable.

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