Earnings Per Common Share
|9 Months Ended|
Sep. 30, 2011
|Earnings Per Common Share [Abstract]|
|Earnings per Common Share||
NOTE 10: EARNINGS PER COMMON SHARE
We determine "Basic earnings per share" using the two-class method as our unvested restricted share awards have non-forfeitable rights to dividends, and are therefore considered participating securities. We compute basic earnings per share by dividing net income attributable to the controlling interest less the allocation of undistributed earnings to unvested restricted share awards by the weighted-average number of common shares outstanding for the period.
We also determine "Diluted earnings per share" under the two-class method with respect to the unvested restricted share awards. We further evaluate any other potentially dilutive securities at the end of the period and adjust the basic earnings per share calculation for the impact of those securities that are dilutive. Our diluted earnings per share calculation includes the dilutive impact of employee stock options based on the treasury stock method and our long-term incentive share units under the contingently issuable method. The diluted earnings per share calculation also considers our operating partnership units and 3.875% convertible notes under the if-converted method. The operating partnership units were anti-dilutive for the 2011 and 2010 Quarters and Periods and are not included in our earnings per share calculations. The 3.875% convertible notes, which were repaid in full during the 2011 Quarter, were anti-dilutive for the reporting periods during which they were outstanding.
The following tables set forth the computation of basic and diluted earnings per share (amounts in thousands; except per share data):
The entire disclosure for earnings per share.
Reference 1: http://www.xbrl.org/2003/role/presentationRef