Annual report pursuant to Section 13 and 15(d)

Earnings Per Share and Earnings Per Unit (Tables)

v3.10.0.1
Earnings Per Share and Earnings Per Unit (Tables)
12 Months Ended
Dec. 31, 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.

 

 

 

Year Ended December 31,

 

(Amounts in thousands, except per share data)

 

2018

 

 

2017

 

 

2016

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to common shareholders

 

$

206,590

 

 

$

96,365

 

 

$

85,225

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic earnings per share - weighted average

   shares

 

 

46,501

 

 

 

46,373

 

 

 

43,184

 

Effect of Dilutive Securities:

 

 

 

 

 

 

 

 

 

 

 

 

Stock options and non-vested stock

 

 

96

 

 

 

117

 

 

 

223

 

Denominator for diluted earnings per share - adjusted weighted

   average shares and assumed conversion

 

 

46,597

 

 

 

46,490

 

 

 

43,407

 

Basic Earnings per common share attributable to common

   shareholders

 

$

4.44

 

 

$

2.08

 

 

$

1.97

 

Diluted Earnings per common share attributable to common

   shareholders

 

$

4.43

 

 

$

2.07

 

 

$

1.96

 

 

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

 

 

 

Year Ended December 31,

 

(Amounts in thousands, except per unit data)

 

2018

 

 

2017

 

 

2016

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to common unitholders

 

$

206,590

 

 

$

96,365

 

 

$

85,225

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic earnings per unit - weighted average units

 

 

46,501

 

 

 

46,373

 

 

 

43,184

 

Effect of Dilutive Securities:

 

 

 

 

 

 

 

 

 

 

 

 

Stock options and non-vested stock

 

 

96

 

 

 

117

 

 

 

223

 

Denominator for diluted earnings per unit - adjusted weighted

   average units and assumed conversion

 

 

46,597

 

 

 

46,490

 

 

 

43,407

 

Basic Earnings per common unit attributable to common

   unitholders

 

$

4.44

 

 

$

2.08

 

 

$

1.97

 

Diluted Earnings per common unit attributable to common

   unitholders

 

$

4.43

 

 

$

2.07

 

 

$

1.96