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Earnings Per Share | 6 Months Ended
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Jun. 30, 2017
Earnings Per Share [Abstract] |
Earnings Per Share |
13. | Earnings Per Share
The following table provides a reconciliation of net (loss) income from continuing operations and the number of common shares used in the computations of “basic” earnings per share (“EPS”), which utilizes the weighted-average number of common shares outstanding without regard to dilutive potential common shares, and “diluted” EPS, which includes all such shares (in thousands, except per share amounts):
| Three Months |  |  | Six Months |
| Ended June 30, |  |  | Ended June 30, |
| 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
Numerators – Basic and Diluted |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(Loss) income from continuing operations | $ | (14,721 | ) |  | $ | 27,647 |  |  | $ | (106,876 | ) |  | $ | 61,139 |
Plus: Gain on disposition of real estate |  | 44,599 |  |  |  | 13,721 |  |  |  | 82,726 |  |  |  | 26,102 |
Plus: Income attributable to non-controlling interests |  | (267 | ) |  |  | (310 | ) |  |  | (480 | ) |  |  | (610 | )
Less: Preferred dividends |  | (6,399 | ) |  |  | (5,594 | ) |  |  | (11,993 | ) |  |  | (11,188 | )
Less: Earnings attributable to unvested shares and operating partnership units |  | (251 | ) |  |  | (204 | ) |  |  | (502 | ) |  |  | (414 | )
Net income (loss) attributable to common shareholders after allocation to participating securities | $ | 22,961 |  |  | $ | 35,260 |  |  | $ | (37,125 | ) |  | $ | 75,029 |
Denominators – Number of Shares |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic—Average shares outstanding |  | 366,987 |  |  |  | 364,976 |  |  |  | 366,710 |  |  |  | 364,834 |
Effect of dilutive securities—Stock options |  | 43 |  |  |  | 342 |  |  |  | — |  |  |  | 346 |
Diluted—Average shares outstanding |  | 367,030 |  |  |  | 365,318 |  |  |  | 366,710 |  |  |  | 365,180 |
Earnings (Loss) Per Share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 0.06 |  |  | $ | 0.10 |  |  | $ | (0.10 | ) |  | $ | 0.21 |
Diluted | $ | 0.06 |  |  | $ | 0.10 |  |  | $ | (0.10 | ) |  | $ | 0.21 |
Shares subject to issuance under the Company’s 2016 VSEP were not considered in the computation of diluted EPS for the three and six months ended June 30, 2017 and 2016, as the calculation was anti-dilutive.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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