Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Schedule of earnings per share, basic and diluted
The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the three months ended March 31, 2018 and 2017 (dollars in thousands, except per share data):
 
Three Months Ended March 31,
 
2018
 
2017
Computation of Basic Earnings Per Share:
 
 
 
 Net income
$
61,022

 
$
71,655

 Net income attributable to non-controlling interests

 
(76
)
 Non-forfeitable dividends on unvested restricted shares
(56
)
 
(10
)
 Net income attributable to the Company’s common stockholders for basic earnings per share
$
60,966

 
$
71,569

 
 
 
 
 Weighted average number shares outstanding – basic
304,158

 
304,569

 
 
 
 
 Basic earnings per share attributable to the Company’s common stockholders:
 
 
 
 Net income
$
0.20

 
$
0.23

 

 

Computation of Diluted Earnings Per Share:
 
 
 
 Net income attributable to the Company’s common stockholders for diluted earnings per share
$
60,966

 
$
71,569

 
 
 
 
 Weighted average shares outstanding – basic
304,158

 
304,569

 Effect of dilutive securities:
 
 
 
    Equity awards
120

 
226

 Weighted average shares outstanding – diluted(1)
304,278

 
304,795

 
 
 
 
 Diluted earnings per share attributable to the Company’s common stockholders:
 
 
 
 Net income
$
0.20

 
$
0.23


(1) 
For the three months ended March 31, 2017, the weighted average number of vested OP Units outstanding was 0.3 million and was not dilutive.