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Earnings Per Share and Per Unit | 6 Months Ended
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Jun. 30, 2018
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 June 30, |  | Six Months Ended June 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
Earnings per Common Share - basic: |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income | $ | 52,998 |  |  | $ | 39,554 |  |  | $ | 87,244 |  |  | $ | 73,039 |
Net (income) attributable to noncontrolling interests in the Operating Partnership | (1,381 | ) |  | (1,043 | ) |  | (2,269 | ) |  | (1,931 | )
Net (income) attributable to noncontrolling interests in consolidated affiliates | (308 | ) |  | (299 | ) |  | (594 | ) |  | (599 | )
Dividends on Preferred Stock | (623 | ) |  | (623 | ) |  | (1,246 | ) |  | (1,246 | )
Net income available for common stockholders | $ | 50,686 |  |  | $ | 37,589 |  |  | $ | 83,135 |  |  | $ | 69,263 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings per Common Share – weighted average shares | 103,428 |  |  | 102,475 |  |  | 103,376 |  |  | 102,109 |
Net income available for common stockholders | $ | 0.49 |  |  | $ | 0.37 |  |  | $ | 0.80 |  |  | $ | 0.68 |
Earnings per Common Share - diluted: |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income | $ | 52,998 |  |  | $ | 39,554 |  |  | $ | 87,244 |  |  | $ | 73,039 |
Net (income) attributable to noncontrolling interests in consolidated affiliates | (308 | ) |  | (299 | ) |  | (594 | ) |  | (599 | )
Dividends on Preferred Stock | (623 | ) |  | (623 | ) |  | (1,246 | ) |  | (1,246 | )
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership | $ | 52,067 |  |  | $ | 38,632 |  |  | $ | 85,404 |  |  | $ | 71,194 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings per Common Share – weighted average shares | 103,428 |  |  | 102,475 |  |  | 103,376 |  |  | 102,109 |
Add: |  |  |  |  |  |  |
Stock options using the treasury method | 32 |  |  | 77 |  |  | 29 |  |  | 81 |
Noncontrolling interests Common Units | 2,807 |  |  | 2,834 |  |  | 2,811 |  |  | 2,836 |
Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions (1) | 106,267 |  |  | 105,386 |  |  | 106,216 |  |  | 105,026 |
Net income available for common stockholders | $ | 0.49 |  |  | $ | 0.37 |  |  | $ | 0.80 |  |  | $ | 0.68 |
__________
(1) | Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable.
12. | 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 June 30, |  | Six Months Ended June 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
Earnings per Common Unit - basic: |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income | $ | 52,998 |  |  | $ | 39,554 |  |  | $ | 87,244 |  |  | $ | 73,039 |
Net (income) attributable to noncontrolling interests in consolidated affiliates | (308 | ) |  | (299 | ) |  | (594 | ) |  | (599 | )
Distributions on Preferred Units | (623 | ) |  | (623 | ) |  | (1,246 | ) |  | (1,246 | )
Net income available for common unitholders | $ | 52,067 |  |  | $ | 38,632 |  |  | $ | 85,404 |  |  | $ | 71,194 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings per Common Unit – weighted average units | 105,826 |  |  | 104,900 |  |  | 105,778 |  |  | 104,536 |
Net income available for common unitholders | $ | 0.49 |  |  | $ | 0.37 |  |  | $ | 0.81 |  |  | $ | 0.68 |
Earnings per Common Unit - diluted: |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income | $ | 52,998 |  |  | $ | 39,554 |  |  | $ | 87,244 |  |  | $ | 73,039 |
Net (income) attributable to noncontrolling interests in consolidated affiliates | (308 | ) |  | (299 | ) |  | (594 | ) |  | (599 | )
Distributions on Preferred Units | (623 | ) |  | (623 | ) |  | (1,246 | ) |  | (1,246 | )
Net income available for common unitholders | $ | 52,067 |  |  | $ | 38,632 |  |  | $ | 85,404 |  |  | $ | 71,194 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings per Common Unit – weighted average units | 105,826 |  |  | 104,900 |  |  | 105,778 |  |  | 104,536 |
Add: |  |  |  |  |  |  |
Stock options using the treasury method | 32 |  |  | 77 |  |  | 29 |  |  | 81 |
Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions (1) | 105,858 |  |  | 104,977 |  |  | 105,807 |  |  | 104,617 |
Net income available for common unitholders | $ | 0.49 |  |  | $ | 0.37 |  |  | $ | 0.81 |  |  | $ | 0.68 |
__________
(1) | Includes all unvested restricted stock where distributions on such restricted stock are non-forfeitable.

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