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Net (Loss) Income Available to Common Stockholders Per Share of the Company
 3 Months Ended
Mar. 31, 2013
Earnings Per Share [Abstract]  
Net Income Available to Common Stockholders Per Share of the Company
Net (Loss) 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 three months ended March 31, 2013 and 2012:
 
Three Months Ended March 31,
 
 
2013
 
2012
 
 
(in thousands, except share and
per share amounts)
Numerator:
 
 
 
 
Income from continuing operations
$
2,388

 
$
2,165

 
Loss from continuing operations attributable to noncontrolling common units of the Operating Partnership
22

 
186

 
Preferred distributions and dividends
(3,313
)
 
(9,336
)
 
Allocation to participating securities (nonvested shares and time-based RSUs)
(418
)
 
(380
)
 
Numerator for basic and diluted loss from continuing operations available to common stockholders
(1,321
)
 
(7,365
)
 
Income from discontinued operations
—

 
76,506

 
Income from discontinued operations attributable to noncontrolling common units of the Operating Partnership
—

 
(1,981
)
 
Numerator for basic and diluted net (loss) income available to common stockholders
$
(1,321
)
 
$
67,160

 
Denominator:
 
 
 
 
Basic weighted average vested shares outstanding
74,977,240

 
63,648,704

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

 
—

 
Diluted weighted average vested shares and common share equivalents outstanding
74,977,240

 
63,648,704

 
Basic earnings per share:
 
 
 
 
Loss from continuing operations available to common stockholders per share
$
(0.02
)
 
$
(0.12
)
 
Income from discontinued operations per common share
0.00

 
1.18

 
Net (loss) income available to common stockholders per share
$
(0.02
)
 
$
1.06

 
Diluted earnings per share:
 
 
 
 
Loss from continuing operations available to common stockholders per share
$
(0.02
)
 
$
(0.12
)
 
Income from discontinued operations per common share
0.00

 
1.18

 
Net (loss) income available to common stockholders per share
$
(0.02
)
 
$
1.06

 
The impact of the contingently issuable shares, which consist of 88,491 market measure-based RSUs, the 4.25% Exchangeable Notes and 1,528,000 stock options, were not considered in our diluted earnings per share calculation for the three months ended March 31, 2013 because we reported a loss from continuing operations attributable to common stockholders and the effect was anti-dilutive. The impact of the contingently issuable shares, which consisted of 103,239 market measure-based RSUs, the Exchangeable Notes and 1,550,000 stock options was not considered in our diluted earnings per share calculation for the three months ended March 31, 2012 because we reported a loss from continuing operations attributable to common stockholders and the effect was anti-dilutive. See Note 5 for additional information regarding the Exchangeable Notes and Note 9 for additional information regarding the outstanding market measure-based RSUs and stock options.