Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of the details the movement in our outstanding class A common stock

The following table details the movement in our outstanding shares of class A common stock and restricted class A common stock for the years ended December 31, 2012, 2011, and 2010:

	Year Ended December 31,
Class A Common Stock Outstanding (1)	2012			2011			2010
Beginning balance		22,211,108			21,949,501			21,875,282
Issuance of class A common stock (2)(3)		6,690,466			—			—
Issuance of restricted class A common stock		375,000			300,000			16,875
Forfeiture of restricted class A common stock		(4,042	)		—			(9,925	)
Purchase of shares for tax withholding upon vesting of restricted class A common stock		(224,953	)		(38,393	)		(30,748	)
Conversion of restricted class A common stock to deferred units		(60,000	)		—			—
Vesting of deferred units		278,935			—			98,017
Ending balance		29,266,514			22,211,108			21,949,501


(1)	Includes shares of our class A common stock and restricted class A common stock.
(2)	Excludes deferred stock units held by members of our board of directors of 898,000, 562,000, and 485,000 as of December 31, 2012, 2011, and 2010, respectively.
(3)	Includes 5.0 million shares issued in December 2012 in conjunction with our Investment Management Business Sale and 1.7 million shares issued in November 2012 upon the exercise of outstanding warrants to purchase our class A common stock. See Note 1 for further discussion of our Investment Management Business Sale and see below in Note 6 for further discussion of the warrant exercise.

Schedule of primary components of accumulated other comprehensive loss

The following table details the primary components of accumulated other comprehensive loss as of December 31, 2012, and significant activity for the year ended December 31, 2012 (in thousands):

Accumulated Other Comprehensive Loss	Market on Interest Rate Hedges			Deferred Gains on Settled Hedges			Other-than- Temporary Impairments			Unrealized Gains on Securities			Total

Total as of December 31, 2011		($27,423	)		$56			($16,578	)		$3,361			($40,584	)

Unrealized gain on derivative financial instruments		8,367			—			—			—			8,367
Ineffective portion of cash flow hedges (1)		2,481			—			—			—			2,481
Amortization of net unrealized gains on securities		—			—			—			(775	)		(775	)
Amortization of net deferred gains on settlement of swaps		—			(56	)		—			—			(56	)
Other-than-temporary impairments of securities (2)		—			—			678			—			678
Deconsolidation of subsidiaries (3)		16,575			—			15,900			(2,586	)		29,889

Total as of December 31, 2012		$—			$—			$—			$—			$—


(1)	As a result of the deconsolidation of CT Legacy Asset in the first quarter of 2012, the balance of accumlated other comprehensive income related to cash flow hedges of CT Legacy Asset was reclassified to interest expense.
(2)	Represents the amortization of prior other-than-temporary impairments of securities in excess of credit losses.
(3)	As further described in Note 1, we deconsolidated various subsidiaries during 2012. As a result, the balances of accumulated other comprehensive income related to these subsidiaries are no longer included in our consolidated financial statements.

Schedule of the components of noncontrolling interest

The following table details the components of noncontrolling interest as of December 31, 2012 (in thousands):

Noncontrolling Interests in CT Legacy REIT as of December 31, 2012

Gross investment in CT Legacy REIT:
Restricted cash	$14,246
Investment in CT Legacy Asset, at fair value	132,000
Accounts payable, accrued expenses and other liabilities	(250	)

	$145,996

Equity interests owned by Capital Trust, Inc.	(65,987	)

Noncontrolling interests in CT Legacy REIT	$80,009

Schedule of basic and diluted earnings per share, or EPS, based on the weighted average of both restricted and unrestricted class A common stock outstanding

The following table sets forth the calculation of basic and diluted net income per share of class A common stock based on the weighted average of both restricted and unrestricted class A common stock outstanding, for the years ended December 31, 2012, 2011, and 2010 (in thousands, except share and per share amounts):

	Net Income (Loss) per Share of Common Stock
	Year Ended December 31,
	2012		2011		2010
Net income (loss)		$181,024		$258,142		($185,344	)

Weighted average shares outstanding		23,459,432		22,660,429		22,371,264
Warrants & options outstanding for the
purchase of class A common stock (1)		1,293,512		1,289,996		—
Weighted average shares outstanding, diluted		24,752,944		23,950,425		22,371,264

Per share amount, basic		$7.72		$11.39		($8.28	)
Per share amount, diluted		$7.31		$10.78		($8.28	)


(1)	As of December 31, 2010, Diluted EPS excludes 3.5 million warrants and 12,000 options which were not dilutive for the period. On November 8, 2012, all of our outstanding warrants were exercised. We issued 1,690,466 shares of our class A common stock pursuant to the terms of the warrants, and no longer have any warrants outstanding as of December 31, 2012.

Schedule of basic and diluted earnings per share, continuing operations

The following table sets forth the calculation of basic and diluted income from continuing operations per share of class A common stock based on the weighted average of both restricted and unrestricted class A common stock outstanding, for the years ended December 31, 2012, 2011, and 2010 (in thousands, except share and per share amounts):

	Income (Loss) from Continuing Operations
	per Share of Common Stock
	Year Ended December 31,
	2012			2011		2010
Income (loss) from continuing operations		$282,213			$253,209		($185,441	)
Net (income) loss attributable to noncontrolling
interests		(98,780	)		5,823		—
Income (loss) from continuing operations
attributable to Capital Trust, Inc.		$183,433			$259,032		$(185,441	)

Weighted average shares outstanding		23,459,432			22,660,429		22,371,264
Warrants & options outstanding for the
purchase of class A common stock (1)		1,293,512			1,289,996		—
Weighted average shares outstanding, diluted		24,752,944			23,950,425		22,371,264

Per share amount, basic		$7.82			$11.43		($8.29	)
Per share amount, diluted		$7.41			$10.82		($8.29	)


(1)	As of December 31, 2010, Diluted EPS excludes 3.5 million warrants and 12,000 options which were not dilutive for the period. On November 8, 2012, all of our outstanding warrants were exercised. We issued 1,690,466 shares of our class A common stock pursuant to the terms of the warrants, and no longer have any warrants outstanding as of December 31, 2012.