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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Computation Of Basic And Diluted EPS
The components of the computation of basic and diluted EPS were as follows:
 
 
Three Month Period Ended
September 30,
 
Nine Month Period Ended
September 30,
 
 
2014
 
2013
 
2014
 
2013
(In thousands except share amounts)
 
 
 
 
 
 
 
 
Net increase in shareholders' equity resulting from operations
 
$
12,948

 
$
11,727

 
$
56,530

 
$
63,662

Add: Net increase in equity resulting from operations attributable to the participating non-controlling interest(1)
 
98

 
96

 
456

 
612

Net increase in equity resulting from operations related to common shares, LTIP unit holders, and participating non-controlling interest
 
13,046

 
11,823

 
56,986

 
64,274

Net increase in shareholders' equity resulting from operations available to common share and LTIP unit holders:
 
 
 
 
 
 
 
 
Net increase in shareholders' equity resulting from operations– common shares
 
12,756

 
11,546

 
55,653

 
62,579

Net increase in shareholders' equity resulting from operations– LTIP units
 
192

 
181

 
877

 
1,083

Dividends Paid(2):
 
 
 
 
 
 
 
 
Common shareholders
 
(19,590
)
 
(19,571
)
 
(58,934
)
 
(70,152
)
LTIP unit holders
 
(317
)
 
(306
)
 
(950
)
 
(1,216
)
Non-controlling interest
 
(163
)
 
(163
)
 
(326
)
 
(648
)
Total dividends paid to common shareholders, LTIP unit holders, and non-controlling interest
 
(20,070
)
 
(20,040
)
 
(60,210
)
 
(72,016
)
Undistributed (Distributed in excess of) earnings:
 
 
 
 
 
 
 
 
Common shareholders
 
(6,834
)
 
(8,025
)
 
(3,281
)
 
(7,573
)
LTIP unit holders
 
(125
)
 
(125
)
 
(73
)
 
(133
)
Non-controlling interest
 
(65
)
 
(67
)
 
130

 
(36
)
Total undistributed (distributed in excess of) earnings attributable to common shareholders, LTIP unit holders, and non-controlling interest
 
$
(7,024
)
 
$
(8,217
)
 
$
(3,224
)
 
$
(7,742
)
Weighted average shares outstanding (basic and diluted):
 
 
 
 
 
 
 
 
Weighted average common shares outstanding
 
27,442,146

 
25,415,809

 
26,113,839

 
22,968,604

Weighted average participating LTIP units
 
411,926

 
397,897

 
411,346

 
397,366

Weighted average non-controlling interest units
 
212,000

 
212,000

 
212,000

 
212,000

Basic earnings per common share:
 
 
 
 
 
 
 
 
Distributed
 
$
0.77

 
$
0.77

 
$
2.31

 
$
3.06

Undistributed (Distributed in excess of)
 
(0.31
)
 
(0.32
)
 
(0.18
)
 
(0.33
)
 
 
$
0.46

 
$
0.45

 
$
2.13

 
$
2.73

Diluted earnings per common share:
 
 
 
 
 
 
 
 
Distributed
 
$
0.77

 
$
0.77

 
$
2.31

 
$
3.06

Undistributed (Distributed in excess of)
 
(0.31
)
 
(0.32
)
 
(0.18
)
 
(0.33
)
 
 
$
0.46

 
$
0.45

 
$
2.13

 
$
2.73

(1)
For the three and nine month periods ended September 30, 2014, excludes net increase in equity resulting from operations of $0.1 million and $0.2 million, respectively attributable to the joint venture partner, which has a non-participating interest as described in Note 9.
(2)
The Company pays quarterly dividends in arrears, so a portion of the dividends paid in each calendar year relate to the prior year's earnings.