GENERAL (Tables)

3 Months Ended

Mar. 31, 2013

Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following summarizes as of March 31, 2013 our assets and liabilities measured at fair value on a recurring basis by level within the Fair Value Hierarchy:


(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Receivable	$	—	$	—	$	4,745	$	4,745
Mutual funds	$	3,219	$	—	$	—	$	3,219
Liabilities:
Deferred Compensation	$	3,219	$	—	$	—	$	3,219

The following summarizes as of December 31, 2012 our assets and liabilities measured at fair value on a recurring basis by level within the Fair Value Hierarchy:


(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Receivable	$	—	$	—	$	2,972	$	2,972
Mutual funds	$	3,013	$	—	$	—	$	3,013
Liabilities:
Deferred Compensation	$	3,013	$	—	$	—	$	3,013

Schedule of Earnings (Loss) from Discontinued Operations

The revenue from rental properties, impairment charges, other operating expenses and gains from dispositions of real estate related to these properties are as follows:


	Quarters ended March 31,
(in thousands)	2013			2012
Revenues from rental properties	$	669		$	4,319
Impairment charges		(3,512	)		(89	)
Other operating expenses		(881	)		(3,838	)

Earnings (loss) from operating activities		(3,724	)		392
Gains on dispositions of real estate		8,432			533

Earnings from discontinued operations	$	4,708		$	925

Schedule of Earnings Per Share

Diluted earnings per common share, also gives effect to the potential dilution from the exercise of stock options utilizing the treasury stock method.


	Three months ended March 31,
(in thousands)	2013			2012
Earnings from continuing operations	$	5,642		$	5,560
Less dividend equivalents attributable to restricted stock units outstanding		(59	)		—

Earnings from continuing operations attributable to common shareholders used for basic earnings per share calculation		5,583			5,560
Discontinued operations		4,708			925

Net earnings attributable to common shareholders used for basic earnings per share calculation	$	10,291		$	6,485

Weighted-average number of common shares outstanding:
Basic		33,397			33,394
Stock options		—			—

Diluted		33,397			33,394

Restricted stock units outstanding at the end of the period		296			219

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References+ Details