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EARNINGS PER SHARE AND UNIT (Tables)
12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings per Share and Unit
The following table sets forth the computation of our basic and diluted earnings per share:
 
Year Ended December 31,
(Amounts in thousands, except per share amounts)
2018
 
2017
 
2016
Numerator:
 
 
 
 
 
Net income attributable to common shareholders
$
105,150

 
$
67,070

 
$
90,815

Less: Earnings allocated to unvested participating securities
(184
)
 
(155
)
 
(114
)
Net income available for common shareholders - basic
$
104,966

 
$
66,915


$
90,701

Impact of assumed conversions:
 
 
 
 
 
OP and LTIP units

 
5,782

 
53

Net income available for common shareholders - dilutive
$
104,966

 
$
72,697


$
90,754

 
 
 
 
 
 
Denominator:
 
 
 
 
 
Weighted average common shares outstanding - basic
113,863

 
107,132

 
99,364

Effect of dilutive securities:
 
 
 
 
 
Stock options using the treasury stock method

 
168

 
257

Restricted share awards
188

 
167

 
114

Assumed conversion of OP and LTIP units

 
10,923

 
59

Weighted average common shares outstanding - diluted
114,051

 
118,390

 
99,794

 
 
 
 
 
 
Earnings per share available to common shareholders:
 
 
 
 
 
Earnings per common share - Basic
$
0.92

 
$
0.62

 
$
0.91

Earnings per common share - Diluted
$
0.92

 
$
0.61

 
$
0.91





Operating Partnership Earnings per Unit
The following table sets forth the computation of basic and diluted earnings per unit:
 
Year Ended December 31,
(Amounts in thousands, except per unit amounts)
2018
 
2017
 
2016
Numerator:
 
 
 
 
 
Net income attributable to unitholders
$
116,918

 
$
72,894

 
$
96,627

Less: net income attributable to participating securities
(200
)
 
(155
)
 
(211
)
Net income available for unitholders
$
116,718


$
72,739

 
$
96,416

 
 
 
 
 
 
Denominator:
 
 
 
 
 
Weighted average units outstanding - basic
126,198

 
117,779

 
105,455

Effect of dilutive securities issued by Urban Edge
188

 
335

 
371

Unvested LTIP units

 
276

 
273

Weighted average units outstanding - diluted
126,386

 
118,390

 
106,099

 
 
 
 
 
 
Earnings per unit available to unitholders:
 
 
 
 
 
Earnings per unit - Basic
$
0.92

 
$
0.62

 
$
0.91

Earnings per unit - Diluted
$
0.92

 
$
0.61

 
$
0.91