Numerator:

Net income attributable to controlling interests

$

29,543

$

25,240

$

79,993

$

76,541

Preferred stock and preferred unit dividends and discount accretion

(6,316

)

(6,341

)

(18,916

)

(18,857

)

Net income attributable to common shareholders—basic

23,227

18,899

61,077

57,684

Effect of dilutive preferred stock dividends and discount accretion

604

605

1,797

1,795

Net income attributable to common shareholders—diluted

$

23,831

$

19,504

$

62,874

$

59,479

Denominator:

Basic (including unvested share-based payment awards) (1)

14,740

14,504

14,728

14,473

Effect of dilutive stock compensation arrangements and exchange of preferred stock

4,048

4,411

4,046

4,479

Diluted (including unvested share-based payment awards) (1)

18,788

18,915

18,774

18,952

Net income attributable to common shareholders per share—basic

$

1.58

$

1.30

$

4.15

$

3.99

Net income attributable to common shareholders per share—diluted

$

1.27

$

1.03

$

3.35

$

3.14