Quarterly report pursuant to Section 13 or 15(d)

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

v3.19.1
Earnings Per Share ("EPS") and Earnings Per Unit ("EPU") (Tables)
 3 Months Ended
Mar. 31, 2019
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,
 
2019
 
2018
Numerator:
 

 
 

Net income attributable to COPT
$
20,859

 
$
17,150

Income attributable to share-based compensation awards
(86
)
 
(117
)
Numerator for basic and diluted EPS on net income attributable to COPT common shareholders
$
20,773

 
$
17,033

Denominator (all weighted averages):
 

 
 

Denominator for basic EPS (common shares)
109,951

 
100,999

Dilutive effect of share-based compensation awards
267

 
144

Denominator for diluted EPS (common shares)
110,218

 
101,143

Basic EPS
$
0.19

 
$
0.17

Diluted EPS
$
0.19

 
$
0.17

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,
 
2019
 
2018
Conversion of common units
1,331

 
3,221

Conversion of redeemable noncontrolling interests
1,013

 
—

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,
 
2019
 
2018
Numerator:
 

 
 

Net income attributable to COPLP
$
21,281

 
$
17,859

Preferred unit distributions
(165
)
 
(165
)
Income attributable to share-based compensation awards
(93
)
 
(117
)
Numerator for basic and diluted EPU on net income attributable to COPLP common unitholders
$
21,023

 
$
17,577

Denominator (all weighted averages):
 

 
 

Denominator for basic EPU (common units)
111,282

 
104,220

Dilutive effect of share-based compensation awards
267

 
144

Denominator for diluted EPU (common units)
111,549

 
104,364

Basic EPU
$
0.19

 
$
0.17

Diluted EPU
$
0.19

 
$
0.17

Schedule of securities excluded from computation of diluted earnings per share
Our diluted EPU computations do not include the effects of the following securities since the conversions of such securities would increase diluted EPU for the respective periods (in thousands):
 
Weighted Average Units Excluded
from Denominator
For the Three Months Ended March 31,
 
2019
 
2018
Conversion of redeemable noncontrolling interests
1,013

 
—

Conversion of Series I preferred units
176

 
176