XML 97 R78.htm IDEA: XBRL DOCUMENT v3.10.0.1
Income Per Share /Income Per Class A Unit (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Numerator:        
Income from continuing operations, net of income attributable to noncontrolling interests $ 123,427 $ 115,112 $ 133,448 $ 164,631
Income from discontinued operations 641 16,989 300 31,351
Net income attributable to Vornado / Vornado Realty L.P. 124,068 132,101 133,748 195,982
Preferred share dividends / unit distributions (12,534) (16,129) (25,569) (32,258)
Preferred share / unit issuance costs 0 0 (14,486) 0
NET INCOME attributable to common shareholders / Class A unitholders 111,534 115,972 93,693 163,724
Earnings allocated to unvested participating securities (11) (13) (22) (27)
Numerator for basic income per share / per Class A unit 111,523 115,959 93,671 163,697
Convertible preferred share dividends / unit distributions 16 20 0 0
Earnings allocated to Out-Performance Plan units 0 0 37 233
Numerator for diluted income per share $ 111,539 $ 115,979 $ 93,708 $ 163,930
Denominator:        
Denominator for basic income per share - weighted average shares (in shares) 190,200 189,395 190,141 189,304
Vornado employee stock options and restricted share / unit awards (in shares) 930 1,011 934 1,089
Convertible preferred shares/units 38 38 0 0
Out-Performance Plan units 0 0 115 281
Denominator for diluted income per share - weighted average shares and assumed conversions (in shares) 191,168 190,444 191,190 190,674
INCOME PER COMMON SHARE – BASIC:        
Income from continuing operations, net (in dollars per share) $ 0.59 $ 0.52 $ 0.49 $ 0.70
Income from discontinued operations, net (in dollars per share) 0.00 0.09 0.00 0.16
Net income per common share (in dollars per share) 0.59 0.61 0.49 0.86
INCOME PER COMMON SHARE – DILUTED:        
Income from continuing operations, net (in dollars per share) 0.58 0.52 0.49 0.70
Income from discontinued operations, net (in dollars per share) 0.00 0.09 0.00 0.16
Net income per common share (in dollars per share) $ 0.58 $ 0.61 $ 0.49 $ 0.86
Vornado Realty L.P.        
Numerator:        
Income from continuing operations, net of income attributable to noncontrolling interests $ 130,830 $ 121,696 $ 139,749 $ 173,488
Income from discontinued operations 683 18,111 320 33,429
Net income attributable to Vornado / Vornado Realty L.P. 131,513 139,807 140,069 206,917
Preferred share dividends / unit distributions (12,582) (16,177) (25,666) (32,355)
Preferred share / unit issuance costs 0 0 (14,486) 0
NET INCOME attributable to common shareholders / Class A unitholders 118,931 123,630 99,917 174,562
Earnings allocated to unvested participating securities (772) (742) (1,544) (1,759)
Numerator for basic income per share / per Class A unit 118,159 122,888 98,373 172,803
Convertible preferred share dividends / unit distributions 16 20 0 0
Numerator for diluted income per Class A unit $ 118,175 $ 122,908 $ 98,373 $ 172,803
Denominator:        
Denominator for basic income per Class A unit – weighted average units (in shares) 202,064 201,127 201,997 200,987
Vornado employee stock options and restricted share / unit awards (in shares) 1,252 1,458 1,269 1,630
Convertible preferred shares/units 38 38 0 0
Denominator for diluted income per Class A unit - weighted average units and assumed conversions 203,354 202,623 203,266 202,617
INCOME PER CLASS A UNIT – BASIC:        
Income from continuing operations, net (in dollars per unit) $ 0.58 $ 0.52 $ 0.49 $ 0.69
Income from discontinued operations, net (in dollars per unit) 0.00 0.09 0.00 0.17
Net income per Class A unit (in dollars per unit) 0.58 0.61 0.49 0.86
INCOME PER CLASS A UNIT – DILUTED:        
Income from continuing operations, net (in dollars per unit) 0.58 0.52 0.48 0.69
Income from discontinued operations, net (in dollars per unit) 0.00 0.09 0.00 0.16
Net income per Class A unit (in dollars per unit) $ 0.58 $ 0.61 $ 0.48 $ 0.85