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Earnings Per Share and Per Unit | 9 Months Ended
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Sep. 30, 2019
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,
| 2019 |  | 2018 |  | 2019 |  | 2018
Earnings per Common Share - basic: |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income | $ | 29,557 |  |  | $ | 35,009 |  |  | $ | 79,337 |  |  | $ | 122,253 |
Net (income) attributable to noncontrolling interests in the Operating Partnership | (737 | ) |  | (902 | ) |  | (1,974 | ) |  | (3,171 | )
Net (income) attributable to noncontrolling interests in consolidated affiliates | (297 | ) |  | (324 | ) |  | (919 | ) |  | (918 | )
Dividends on Preferred Stock | (622 | ) |  | (623 | ) |  | (1,866 | ) |  | (1,869 | )
Net income available for common stockholders | $ | 27,901 |  |  | $ | 33,160 |  |  | $ | 74,578 |  |  | $ | 116,295 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings per Common Share – weighted average shares | 103,727 |  |  | 103,471 |  |  | 103,674 |  |  | 103,408 |
Net income available for common stockholders | $ | 0.27 |  |  | $ | 0.32 |  |  | $ | 0.72 |  |  | $ | 1.12 |
Earnings per Common Share - diluted: |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income | $ | 29,557 |  |  | $ | 35,009 |  |  | $ | 79,337 |  |  | $ | 122,253 |
Net (income) attributable to noncontrolling interests in consolidated affiliates | (297 | ) |  | (324 | ) |  | (919 | ) |  | (918 | )
Dividends on Preferred Stock | (622 | ) |  | (623 | ) |  | (1,866 | ) |  | (1,869 | )
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership | $ | 28,638 |  |  | $ | 34,062 |  |  | $ | 76,552 |  |  | $ | 119,466 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings per Common Share – weighted average shares | 103,727 |  |  | 103,471 |  |  | 103,674 |  |  | 103,408 |
Add: |  |  |  |  |  |  |
Stock options using the treasury method | 16 |  |  | 58 |  |  | 18 |  |  | 39 |
Noncontrolling interests Common Units | 2,728 |  |  | 2,804 |  |  | 2,733 |  |  | 2,809 |
Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions (1) | 106,471 |  |  | 106,333 |  |  | 106,425 |  |  | 106,256 |
Net income available for common stockholders | $ | 0.27 |  |  | $ | 0.32 |  |  | $ | 0.72 |  |  | $ | 1.12 |
__________
(1) | Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable.
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,
| 2019 |  | 2018 |  | 2019 |  | 2018
Earnings per Common Unit - basic: |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income | $ | 29,557 |  |  | $ | 35,009 |  |  | $ | 79,337 |  |  | $ | 122,253 |
Net (income) attributable to noncontrolling interests in consolidated affiliates | (297 | ) |  | (324 | ) |  | (919 | ) |  | (918 | )
Distributions on Preferred Units | (622 | ) |  | (623 | ) |  | (1,866 | ) |  | (1,869 | )
Net income available for common unitholders | $ | 28,638 |  |  | $ | 34,062 |  |  | $ | 76,552 |  |  | $ | 119,466 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings per Common Unit – weighted average units | 106,046 |  |  | 105,866 |  |  | 105,998 |  |  | 105,808 |
Net income available for common unitholders | $ | 0.27 |  |  | $ | 0.32 |  |  | $ | 0.72 |  |  | $ | 1.13 |
Earnings per Common Unit - diluted: |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income | $ | 29,557 |  |  | $ | 35,009 |  |  | $ | 79,337 |  |  | $ | 122,253 |
Net (income) attributable to noncontrolling interests in consolidated affiliates | (297 | ) |  | (324 | ) |  | (919 | ) |  | (918 | )
Distributions on Preferred Units | (622 | ) |  | (623 | ) |  | (1,866 | ) |  | (1,869 | )
Net income available for common unitholders | $ | 28,638 |  |  | $ | 34,062 |  |  | $ | 76,552 |  |  | $ | 119,466 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings per Common Unit – weighted average units | 106,046 |  |  | 105,866 |  |  | 105,998 |  |  | 105,808 |
Add: |  |  |  |  |  |  |
Stock options using the treasury method | 16 |  |  | 58 |  |  | 18 |  |  | 39 |
Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions (1) | 106,062 |  |  | 105,924 |  |  | 106,016 |  |  | 105,847 |
Net income available for common unitholders | $ | 0.27 |  |  | $ | 0.32 |  |  | $ | 0.72 |  |  | $ | 1.13 |
__________ (1) Includes all unvested restricted stock where distributions on such restricted stock are non-forfeitable.

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