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Net Income Available to Common Stockholders Per Share of the Company
 12 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
Net Income Available to Common Stockholders Per Share of the Company
Net Income Available to Common Stockholders Per Share of the Company
The following table reconciles the numerator and denominator in computing the Company's basic and diluted per-share computations for net income available to common stockholders for the years ended December 31, 2012, 2011, and 2010:
 
Year Ended December 31,
 
2012
 
2011
 
2010
 
(in thousands, except share and per share amounts)
Numerator:
 
 
 
 
 
Income (loss) from continuing operations
$
5,447

 
$
(3,728
)
 
(427
)
Loss from continuing operations attributable to noncontrolling common units of the Operating Partnership
383

 
545

 
468

Preferred distributions and dividends
(21,088
)
 
(15,196
)
 
(15,196
)
Allocation to participating securities (nonvested shares and time-based RSUs)
(1,602
)
 
(1,309
)
 
(1,151
)
Numerator for basic and diluted loss from continuing operations available to common stockholders
(16,860
)
 
(19,688
)
 
(16,306
)
Income from discontinued operations
271,654

 
71,217

 
20,313

Income from discontinued operations attributable to noncontrolling common units of the Operating Partnership
(6,570
)
 
(2,019
)
 
(646
)
Numerator for basic and diluted net income available to common stockholders
$
248,224

 
$
49,510

 
$
3,361

Denominator:
 
 
 
 
 
Basic weighted average vested shares outstanding
69,639,623

 
56,717,121

 
49,497,487

Effect of dilutive securities—contingently issuable shares and stock options
—

 
—

 
—

Diluted weighted average vested shares and common share equivalents outstanding
69,639,623

 
56,717,121

 
49,497,487

Basic earnings per share:
 
 
 
 
 
Loss from continuing operations available to common stockholders per share
$
(0.24
)
 
$
(0.35
)
 
$
(0.33
)
Income from discontinued operations per common share
3.80

 
1.22

 
0.40

Net income available to common stockholders per share
$
3.56

 
$
0.87

 
$
0.07

Diluted earnings per share:
 
 
 
 
 
Loss from continuing operations available to common stockholders per share
$
(0.24
)
 
$
(0.35
)
 
$
(0.33
)
Income from discontinued operations per common share
3.80

 
1.22

 
0.40

Net income available to common stockholders per share
$
3.56

 
$
0.87

 
$
0.07


The impact of the contingently issuable shares, which consist of the 88,490 market measure-based RSUs and the Exchangeable Notes, and the 1,540,000 stock options, were not considered in our diluted earnings per share calculation for the year ended December 31, 2012 because we reported a loss from continuing operations attributable to common stockholders and the effect was anti-dilutive. The impact of stock options and the Exchangeable Notes during the years ended December 31, 2011 and 2010, were not considered in our diluted earnings per share calculation for the years ended December 31, 2011 and 2010 because we reported a loss from continuing operations attributable to common stockholders and the effect was anti-dilutive. See Note 7 for additional information regarding the Exchangeable Notes and Note 12 for additional information regarding the outstanding stock options and market measure-based RSUs.