| 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):
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For the Years Ended December 31, |
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2020 |
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2019 |
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2018 |
| Numerator: |
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| Net income attributable to COPT |
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$ |
97,374 |
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$ |
191,692 |
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$ |
72,301 |
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Income attributable to share-based compensation awards |
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(431) |
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(656) |
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(462) |
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Numerator for basic EPS on net income attributable to COPT common shareholders |
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$ |
96,943 |
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$ |
191,036 |
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$ |
71,839 |
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Redeemable noncontrolling interests |
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— |
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132 |
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— |
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Income attributable to share-based compensation awards |
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27 |
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33 |
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— |
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Numerator for diluted EPS on net income attributable to COPT common shareholders |
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$ |
96,970 |
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$ |
191,201 |
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$ |
71,839 |
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| Denominator (all weighted averages): |
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| Denominator for basic EPS (common shares) |
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111,788 |
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111,196 |
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103,946 |
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Dilutive effect of redeemable noncontrolling interests |
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— |
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119 |
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— |
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Dilutive effect of share-based compensation awards |
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288 |
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308 |
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134 |
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Dilutive effect of forward equity sale agreements |
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— |
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— |
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45 |
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| Denominator for diluted EPS (common shares) |
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112,076 |
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111,623 |
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104,125 |
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| Basic EPS |
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$ |
0.87 |
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$ |
1.72 |
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$ |
0.69 |
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| Diluted EPS |
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$ |
0.87 |
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$ |
1.71 |
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$ |
0.69 |
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Summaries of the numerator and denominator for purposes of basic and diluted EPU calculations are set forth below (in thousands, except per unit data):
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For the Years Ended December 31, |
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2020 |
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2019 |
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2018 |
| Numerator: |
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| Net income attributable to COPLP |
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$ |
98,854 |
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$ |
194,619 |
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$ |
74,703 |
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| Preferred unit distributions |
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(300) |
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(564) |
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(660) |
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Income attributable to share-based compensation awards |
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(511) |
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(785) |
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(462) |
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Numerator for basic EPU on net income attributable to COPLP common unitholders |
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98,043 |
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193,270 |
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73,581 |
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Redeemable noncontrolling interests |
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— |
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|
132 |
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— |
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Income attributable to share-based compensation awards |
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— |
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|
33 |
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— |
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Numerator for diluted EPU on net income attributable to COPLP common unitholders |
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$ |
98,043 |
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$ |
193,435 |
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$ |
73,581 |
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| Denominator (all weighted averages): |
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| Denominator for basic EPU (common units) |
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113,024 |
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|
112,495 |
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|
106,414 |
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| Dilutive effect of redeemable noncontrolling interests |
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— |
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|
119 |
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— |
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| Dilutive effect of share-based compensation awards |
|
288 |
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|
308 |
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|
134 |
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| Dilutive effect of forward equity sale agreements |
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— |
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— |
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|
45 |
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| Denominator for diluted EPU (common units) |
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113,312 |
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|
112,922 |
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|
106,593 |
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| Basic EPU |
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$ |
0.87 |
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$ |
1.72 |
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$ |
0.69 |
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| Diluted EPU |
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$ |
0.87 |
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$ |
1.71 |
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$ |
0.69 |
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| 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):
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Weighted Average Shares Excluded from Denominator for the Years Ended December 31, |
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2020 |
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2019 |
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2018 |
| Conversion of common units |
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1,236 |
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1,299 |
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2,468 |
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Conversion of redeemable noncontrolling interests |
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957 |
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|
896 |
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|
936 |
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| Conversion of Series I Preferred Units |
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171 |
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|
176 |
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|
176 |
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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):
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Weighted Average Units Excluded from Denominator for the Years Ended December 31, |
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2020 |
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2019 |
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2018 |
Conversion of redeemable noncontrolling interests |
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957 |
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|
896 |
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|
936 |
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| Conversion of Series I Preferred Units |
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171 |
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|
176 |
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|
176 |
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