COPT Defense Properties Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share ("EPS") (Tables)

Earnings Per Share ("EPS") (Tables)

3 Months Ended

Mar. 31, 2021

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,
	2021		2020
Numerator:
Net (loss) income attributable to COPT	$	(6,669)	$	24,054
Income attributable to share-based compensation awards	(170)		(105)
Numerator for basic EPS on net income attributable to COPT common shareholders	(6,839)		23,949




Income attributable to share-based compensation awards	—		8
Numerator for diluted EPS on net income attributable to COPT common shareholders	$	(6,839)	$	23,957
Denominator (all weighted averages):
Denominator for basic EPS (common shares)	111,888		111,724



Dilutive effect of share-based compensation awards	—		239
Denominator for diluted EPS (common shares)	111,888		111,963
Basic EPS	$	(0.06)	$	0.21
Diluted EPS	$	(0.06)	$	0.21

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,
	2021	2020
Conversion of common units	1,246	1,226
Conversion of redeemable noncontrolling interests	940	1,011
Conversion of Series I Preferred Units	—	176