GENERAL (Tables)

9 Months Ended

Sep. 30, 2013

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

The following summarizes as of September 30, 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:
Mutual funds	$	3,232	$	—	$	—	$	3,232
Liabilities
Deferred Compensation	$	3,232	$	—	$	—	$	3,232

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:


	Three months ended September 30,						Nine months ended September 30,
(in thousands)	2013			2012			2013			2012
Revenues from rental properties	$	591		$	1,208		$	2,185		$	8,781
Impairment charges		(2,727	)		(6,407	)		(6,353	)		(7,633	)
Other operating (expenses) credit		1,716			(1,997	)		495			(8,752	)

Loss from operating activities		(420	)		(7,196	)		(3,673	)		(7,604	)
Gains from dispositions of real estate		27,002			576			39,608			3,819

Earnings (loss) from discontinued operations	$	26,582		$	(6,620	)	$	35,935		$	(3,785	)

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 September 30,						Nine months ended September 30,
(in thousands)	2013			2012			2013			2012
Earnings from continuing operations	$	15,295		$	3,155		$	29,031		$	10,431
Less dividend equivalents attributable to restricted stock units outstanding		(134	)		(27	)		(255	)		(67	)

Earnings from continuing operations attributable to common shareholders used for basic earnings per share calculation		15,161			3,128			28,776			10,364
Earnings (loss) from discontinued operations		26,582			(6,620	)		35,935			(3,785	)

Net earnings (loss) attributable to common shareholders used for basic earnings per share calculation	$	41,743		$	(3,492	)	$	64,711		$	6,579

Basic and diluted weighted-average number of common shares outstanding		33,397			33,396			33,397			33,395
Restricted stock units outstanding at the end of the period		296			216			296			216

- 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.

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