Quarterly report pursuant to Section 13 or 15(d)

Earnings per Common Share (Tables)

v3.7.0.1
Earnings per Common Share (Tables)
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings per Share
The computations of basic and diluted earnings per share for the three and six months ended June 30, 2017 and 2016 were as follows (in thousands, except per share data):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Numerator:
 
 
 
 
 
 
 
Net income
$
7,847

 
$
31,821

 
$
14,462

 
$
34,200

Net loss attributable to noncontrolling interests in subsidiaries
17

 
15

 
36

 
20

Allocation of earnings to unvested restricted share awards
(107
)
 
(99
)
 
(184
)
 
(155
)
Adjusted net income attributable to the controlling interests
$
7,757

 
$
31,737

 
$
14,314

 
$
34,065

Denominator:
 
 
 
 

 

Weighted average shares outstanding – basic
76,705

 
71,719

 
75,785

 
70,010

Effect of dilutive securities:
 
 
 
 
 
 
 
Operating partnership units
11

 

 
6

 

Employee restricted share awards
114

 
193

 
112

 
190

Weighted average shares outstanding – diluted
76,830

 
71,912

 
75,903

 
70,200

 
 
 
 
 
 
 
 
Basic net income attributable to the controlling interests per common share
$
0.10

 
$
0.44

 
$
0.19

 
$
0.49

Diluted net income attributable to the controlling interests per common share
$
0.10

 
$
0.44

 
$
0.19

 
$
0.49