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EARNINGS PER SHARE AND UNIT (Tables) | 3 Months Ended
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Mar. 31, 2020
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:
| Three Months Ended March 31,
(Amounts in thousands, except per share amounts) | 2020 |  | 2019
Numerator: |  |  |
Net income attributable to common shareholders | $ | 48,980 |  |  | $ | 25,537 |
Less: Earnings allocated to unvested participating securities | (34 | ) |  | (23 | )
Net income available for common shareholders - basic | $ | 48,946 |  |  | $ | 25,514 |
Impact of assumed conversions: |  |  |
OP and LTIP units | — |  |  | 2,245 |
Net income available for common shareholders - dilutive | $ | 48,946 |  |  | $ | 27,759 |
Denominator: |  |  |
Weighted average common shares outstanding - basic | 120,966 |  |  | 116,274 |
Effect of dilutive securities(1): |  |  |
Restricted share awards | 85 |  |  | 114 |
Assumed conversion of OP and LTIP units | — |  |  | 10,116 |
Weighted average common shares outstanding - diluted | 121,051 |  |  | 126,504 |
Earnings per share available to common shareholders: |  |  |
Earnings per common share - Basic | $ | 0.40 |  |  | $ | 0.22 |
Earnings per common share - Diluted | $ | 0.40 |  |  | $ | 0.22 |
(1) For the three months ended March 31, 2020, the effect of the redemption of OP and LTIP units for Urban Edge common shares would have an anti-dilutive effect on the calculation of diluted EPS. Accordingly, the impact of such redemption has not been included in the determination of diluted EPS for this period. Operating Partnership Earnings per Unit The following table sets forth the computation of basic and diluted earnings per unit:
| Three Months Ended March 31,
(Amounts in thousands, except per unit amounts) | 2020 |  | 2019
Numerator: |  |  |
Net income attributable to unitholders | $ | 51,288 |  |  | $ | 27,892 |
Less: net income attributable to participating securities | (34 | ) |  | (25 | )
Net income available for unitholders | $ | 51,254 |  |  | $ | 27,867 |
Denominator: |  |  |
Weighted average units outstanding - basic | 125,844 |  |  | 126,391 |
Effect of dilutive securities issued by Urban Edge | 85 |  |  | 114 |
Unvested LTIP units | 826 |  |  | — |
Weighted average units outstanding - diluted | 126,755 |  |  | 126,505 |
Earnings per unit available to unitholders: |  |  |
Earnings per unit - Basic | $ | 0.41 |  |  | $ | 0.22 |
Earnings per unit - Diluted | $ | 0.40 |  |  | $ | 0.22 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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