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Net (Loss) Income Available to Common Stockholders Per Share of the Company
 9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Net Income Available to Common Stockholders Per Share of the Company
Net Income (Loss) 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 (loss) available to common stockholders for the three and nine months ended September 30, 2013 and 2012:

 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2013
 
2012
 
2013
 
2012
 
(in thousands, except share and
per share amounts)
Numerator:
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
2,683

 
$
(2,167
)
 
$
10,289

 
$
(4,941
)
Loss (income) from continuing operations attributable to
noncontrolling common units of the Operating Partnership
14

 
179

 
(8
)
 
564

Preferred distributions and dividends
(3,312
)
 
(5,342
)
 
(9,938
)
 
(17,775
)
Allocation to participating securities (1)
(450
)
 
(408
)
 
(1,292
)
 
(1,225
)
Numerator for basic and diluted loss from continuing
operations available to common stockholders
(1,065
)
 
(7,738
)
 
(949
)
 
(23,377
)
Income from discontinued operations
6,344

 
4,689

 
11,229

 
88,412

Income from discontinued operations attributable to
noncontrolling common units of the Operating Partnership
(145
)
 
(112
)
 
(258
)
 
(2,272
)
Numerator for basic and diluted net income (loss)
available to common stockholders
$
5,134

 
$
(3,161
)
 
$
10,022

 
$
62,763

Denominator:
 
 
 
 
 
 
 
Basic weighted average vested shares outstanding
76,768,893

 
71,889,475

 
75,750,822

 
67,975,309

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

 
—

 
—

 
—

Diluted weighted average vested shares and common share
equivalents outstanding
76,768,893

 
71,889,475

 
75,750,822

 
67,975,309

Basic earnings per share:
 
 
 
 
 
 
 
Loss from continuing operations available to common
stockholders per share
$
(0.01
)
 
$
(0.10
)
 
$
(0.01
)
 
$
(0.34
)
Income from discontinued operations per common share
0.08

 
0.06

 
0.14

 
1.26

Net income (loss) available to common stockholders per share
$
0.07

 
$
(0.04
)
 
$
0.13

 
$
0.92

Diluted earnings per share:
 
 
 
 
 
 
 
Loss from continuing operations available to common
stockholders per share
$
(0.01
)
 
$
(0.10
)
 
$
(0.01
)
 
$
(0.34
)
Income from discontinued operations per common share
0.08

 
0.06

 
0.14

 
1.26

Net income (loss) available to common stockholders per share
$
0.07

 
$
(0.04
)
 
$
0.13

 
$
0.92

________________________ 
(1)
Participating securities include nonvested shares, time-based RSUs and vested market-measure RSUs.

The impact of the contingently issuable shares, which consist of 159,360 market measure-based RSUs, the 4.25% Exchangeable Notes and 1,525,000 stock options, were not considered in our diluted earnings per share calculation for the three and nine months ended September 30, 2013 because we reported a loss from continuing operations attributable to common stockholders in the respective period and the effect was anti-dilutive. The impact of the contingently issuable shares, which consisted of 103,238 market measure-based RSUs, the Exchangeable Notes and 1,540,000 stock options was not considered in our diluted earnings per share calculation for the three and nine months ended September 30, 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.