Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share and Earnings Per Unit (Tables)

v3.19.1
Earnings Per Share and Earnings Per Unit (Tables)
3 Months Ended
Mar. 31, 2019
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

March 31, 2019

 

 

Three Months

Ended

March 31, 2018

 

Numerator:

 

 

 

 

 

 

 

 

Net income attributable to common shareholders

 

$

34,454

 

 

$

33,889

 

Denominator:

 

 

 

 

 

 

 

 

Denominator for basic earnings per share – weighted

   average shares

 

 

46,565

 

 

 

46,452

 

Effect of Dilutive Securities:

 

 

 

 

 

 

 

 

Stock options and non-vested stock

 

 

72

 

 

 

85

 

Denominator for diluted earnings per share – adjusted

   weighted average shares and assumed conversion

 

 

46,637

 

 

 

46,537

 

Basic earnings per common share attributable to

   common shareholders

 

$

0.74

 

 

$

0.73

 

Diluted earnings per common share attributable to

   common shareholders

 

$

0.74

 

 

$

0.73

 

 

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

March 31, 2019

 

 

Three Months

Ended

March 31, 2018

 

Numerator:

 

 

 

 

 

 

 

 

Net income attributable to common unitholders

 

$

34,454

 

 

$

33,889

 

Denominator:

 

 

 

 

 

 

 

 

Denominator for basic earnings per unit – weighted

   average units

 

 

46,565

 

 

 

46,452

 

Effect of Dilutive Securities:

 

 

 

 

 

 

 

 

Stock options and non-vested stock

 

 

72

 

 

 

85

 

Denominator for diluted earnings per unit – adjusted

   weighted average units and assumed conversion

 

 

46,637

 

 

 

46,537

 

Basic earnings per common unit attributable to

   common unitholders

 

$

0.74

 

 

$

0.73

 

Diluted earnings per common unit attributable to

   common unitholders

 

$

0.74

 

 

$

0.73