Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share and Earnings Per Unit (Tables)

v3.10.0.1
Earnings Per Share and Earnings Per Unit (Tables)
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Common Share/Unit

The following table sets forth the computation of basic and diluted earnings per common share utilizing the two-class method.

Earnings Per Share

 

(in thousands except per share data)

 

Three Months

Ended

September 30, 2018

 

 

Three Months

Ended

September 30, 2017

 

 

Nine Months

Ended

September 30, 2018

 

 

Nine Months

Ended

September 30, 2017

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to common shareholders

 

$

41,120

 

 

$

35,496

 

 

$

114,283

 

 

$

75,280

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic earnings per share – weighted

   average shares

 

 

46,526

 

 

 

46,416

 

 

 

46,487

 

 

 

46,362

 

Effect of Dilutive Securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options and non-vested stock

 

 

102

 

 

 

104

 

 

 

93

 

 

 

110

 

Denominator for diluted earnings per share – adjusted

   weighted average shares and assumed conversion

 

 

46,628

 

 

 

46,520

 

 

 

46,580

 

 

 

46,472

 

Basic earnings per common share attributable to

   common shareholders

 

$

0.88

 

 

$

0.76

 

 

$

2.46

 

 

$

1.62

 

Diluted earnings per common share attributable to

   common shareholders

 

$

0.88

 

 

$

0.76

 

 

$

2.45

 

 

$

1.62

 

 

Earnings Per Unit

The following table sets forth the computation of basic and diluted earnings per common unit utilizing the two-class method.

 

(in thousands except per unit data)

 

Three Months

Ended

September 30, 2018

 

 

Three Months

Ended

September 30, 2017

 

 

Nine Months

Ended

September 30, 2018

 

 

Nine Months

Ended

September 30, 2017

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to common unitholders

 

$

41,120

 

 

$

35,496

 

 

$

114,283

 

 

$

75,280

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic earnings per unit – weighted

   average units

 

 

46,526

 

 

 

46,416

 

 

 

46,487

 

 

 

46,362

 

Effect of Dilutive Securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options and non-vested stock

 

 

102

 

 

 

104

 

 

 

93

 

 

 

110

 

Denominator for diluted earnings per unit – adjusted

   weighted average units and assumed conversion

 

 

46,628

 

 

 

46,520

 

 

 

46,580

 

 

 

46,472

 

Basic earnings per common unit attributable to

   common unitholders

 

$

0.88

 

 

$

0.76

 

 

$

2.46

 

 

$

1.62

 

Diluted earnings per common unit attributable to

   common unitholders

 

$

0.88

 

 

$

0.76

 

 

$

2.45

 

 

$

1.62