XML 59 R44.htm IDEA: XBRL DOCUMENT v3.21.1
Stockholders' Equity of the Company (Tables)
 3 Months Ended
Mar. 31, 2021
Stockholders' Equity Note [Abstract]  
Class of Treasury Stock
At March 31, 2021, share repurchases, excluding the redemption of OP units, executed under the program were as follows:
Period
Shares repurchased
Average price paid per share
Cumulative number of shares repurchased as part of the repurchase plan or programs
Year ended 20178,105,881$104.618,105,881
Year ended 20189,468,617$99.0317,574,498
Year ended 20194,465,857$86.0622,040,355
Year Ended 20208,529,279$62.3930,569,634
Three months ended March 31, 20211,306,460$61.4631,876,094
Schedule of Common Stock Issued and Proceeds Received Dividend Reinvestments
The following table summarizes SL Green common stock issued, and proceeds received from dividend reinvestments and/or stock purchases under the DRSPP for the three months ended March 31, 2021 and 2020, respectively (dollars in thousands):
Three Months Ended March 31,
20212020
Shares of common stock issued5,483 1,727 
Dividend reinvestments/stock purchases under the DRSPP$351 $166 
Schedule of Earnings Per Share
SL Green's earnings per share for the three months ended March 31, 2021 and 2020 are computed as follows (in thousands):
Three Months Ended March 31,
Numerator20212020
Basic Earnings:
Net (loss) income attributable to SL Green common stockholders$(7,464)$114,801 
Less: distributed earnings allocated to participating securities
(371)(113)
Less: undistributed earnings allocated to participating securities
— (464)
Net (loss) income attributable to SL Green common stockholders (numerator for basic earnings per share)$(7,835)$114,224 
Add back: dilutive effect of earnings allocated to participating securities
371 113 
Add back: undistributed earnings allocated to participating securities
— 464 
Add back: effect of dilutive securities (redemption of units to common shares)
(476)6,202 
Net (loss) income attributable to SL Green common stockholders (numerator for diluted earnings per share)$(7,940)$121,003 
Three Months Ended March 31,
Denominator20212020
Basic Shares:
Weighted average common stock outstanding69,010 75,656 
Effect of Dilutive Securities:
Operating Partnership units redeemable for common shares4,148 4,220 
Stock-based compensation plans595 476 
Contingently issuable shares from special dividend declared December 4, 2020 and issued January 15, 2021317 — 
Diluted weighted average common stock outstanding74,070 80,352