Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share ("EPS") and Earnings Per Unit ("EPU") (Tables)

v3.8.0.1
Earnings Per Share ("EPS") and Earnings Per Unit ("EPU") (Tables)
 3 Months Ended
Mar. 31, 2018
Earnings Per Share [Line Items]  
Summary of calculation of numerator and denominator in basic and diluted earnings per share
Summaries of the numerator and denominator for purposes of basic and diluted EPS calculations are set forth below (in thousands, except per share data):
 
For the Three Months Ended March 31,
 
2018
 
2017
Numerator:
 

 
 

Net income attributable to COPT
$
17,150

 
$
21,019

Preferred share dividends
—

 
(3,180
)
Income attributable to share-based compensation awards
(117
)
 
(125
)
Numerator for basic and diluted EPS on net income attributable to COPT common shareholders
$
17,033

 
$
17,714

Denominator (all weighted averages):
 

 
 

Denominator for basic EPS (common shares)
100,999

 
98,411

Dilutive effect of share-based compensation awards
144

 
155

Denominator for diluted EPS (common shares)
101,143

 
98,566

Basic EPS
$
0.17

 
$
0.18

Diluted EPS
$
0.17

 
$
0.18

Schedule of securities excluded from computation of diluted earnings per share
Our diluted EPS computations do not include the effects of the following securities since the conversions of such securities would increase diluted EPS for the respective periods (in thousands):
 
Weighted Average Shares Excluded from Denominator
 
For the Three Months Ended March 31,
 
2018
 
2017
Conversion of common units
3,221

 
3,446

Conversion of Series I preferred units
176

 
176

Corporate Office Properties, L.P.  
Earnings Per Share [Line Items]  
Summary of calculation of numerator and denominator in basic and diluted earnings per share
Summaries of the numerator and denominator for purposes of basic and diluted EPU calculations are set forth below (in thousands, except per unit data):
 
For the Three Months Ended March 31,
 
2018
 
2017
Numerator:
 

 
 

Net income attributable to COPLP
$
17,859

 
$
21,806

Preferred unit distributions
(165
)
 
(3,345
)
Income attributable to share-based compensation awards
(117
)
 
(125
)
Numerator for basic and diluted EPU on net income attributable to COPLP common unitholders
$
17,577

 
$
18,336

Denominator (all weighted averages):
 

 
 

Denominator for basic EPU (common units)
104,220

 
101,857

Dilutive effect of share-based compensation awards
144

 
155

Denominator for diluted EPU (common units)
104,364

 
102,012

Basic EPU
$
0.17

 
$
0.18

Diluted EPU
$
0.17

 
$
0.18