Numerator:

Net income attributable to controlling interests

$

49,719

$

30,573

$

93,894

$

62,093

Preferred stock and preferred unit dividends and discount accretion

(2,308

)

(2,222

)

(4,616

)

(5,796

)

Net income attributable to common shareholders—basic

47,411

28,351

89,278

56,297

Effect of dilutive preferred stock dividends and discount accretion

600

1,200

Net income attributable to common shareholders—diluted

$

48,011

$

28,951

$

90,478

$

57,497

Denominator:

Basic (including unvested share-based payment awards) (1)

15,155

15,124

15,065

15,120

Effect of dilutive stock compensation arrangements and exchange of preferred stock

4,014

4,063

4,021

4,066

Diluted (including unvested share-based payment awards) (1)

19,169

19,187

19,086

19,186

Net income attributable to common shareholders per share—basic

$

3.13

$

1.87

$

5.93

$

3.72

Net income attributable to common shareholders per share—diluted

$

2.50

$

1.51

$

4.74

$

3.00