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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2015
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,
 
 
2015
 
2014
 
2015
 
2014
(In thousands except share amounts)
 
 
 
 
 
 
 
 
Net increase in shareholders' equity resulting from operations
 
$
3,896

 
$
12,948

 
$
36,309

 
$
56,530

Add: Net increase in equity resulting from operations attributable to the participating non-controlling interest(1)
 
25

 
98

 
227

 
456

Net increase in equity resulting from operations related to common shares, LTIP unit holders, and participating non-controlling interest
 
3,921

 
13,046

 
36,536

 
56,986

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
 
3,847

 
12,756

 
35,849

 
55,653

Net increase in shareholders' equity resulting from operations– LTIP units
 
49

 
192

 
460

 
877

Dividends Paid(2):
 
 
 
 
 
 
 
 
Common shareholders
 
(21,727
)
 
(19,590
)
 
(65,211
)
 
(58,934
)
LTIP unit holders
 
(279
)
 
(317
)
 
(837
)
 
(950
)
Non-controlling interest
 
(138
)
 
(163
)
 
(414
)
 
(326
)
Total dividends paid to common shareholders, LTIP unit holders, and non-controlling interest
 
(22,144
)
 
(20,070
)
 
(66,462
)
 
(60,210
)
Undistributed (Distributed in excess of) earnings:
 
 
 
 
 
 
 
 
Common shareholders
 
(17,880
)
 
(6,834
)
 
(29,362
)
 
(3,281
)
LTIP unit holders
 
(230
)
 
(125
)
 
(377
)
 
(73
)
Non-controlling interest
 
(113
)
 
(65
)
 
(187
)
 
130

Total undistributed (distributed in excess of) earnings attributable to common shareholders, LTIP unit holders, and non-controlling interest
 
$
(18,223
)
 
$
(7,024
)
 
$
(29,926
)
 
$
(3,224
)
Weighted average shares outstanding (basic and diluted):
 
 
 
 
 
 
 
 
Weighted average common shares outstanding
 
33,438,047

 
27,442,146

 
33,445,758

 
26,113,839

Weighted average participating LTIP units
 
430,267

 
411,926

 
429,635

 
411,346

Weighted average non-controlling interest units
 
212,000

 
212,000

 
212,000

 
212,000

Basic earnings per common share:
 
 
 
 
 
 
 
 
Distributed
 
$
0.65

 
$
0.77

 
$
1.95

 
$
2.31

Undistributed (Distributed in excess of)
 
(0.53
)
 
(0.31
)
 
(0.88
)
 
(0.18
)
 
 
$
0.12

 
$
0.46

 
$
1.07

 
$
2.13

Diluted earnings per common share:
 
 
 
 
 
 
 
 
Distributed
 
$
0.65

 
$
0.77

 
$
1.95

 
$
2.31

Undistributed (Distributed in excess of)
 
(0.53
)
 
(0.31
)
 
(0.88
)
 
(0.18
)
 
 
$
0.12

 
$
0.46

 
$
1.07

 
$
2.13

(1)
For the three month periods ended September 30, 2015 and 2014, excludes net increase (decrease) in equity resulting from operations of $6 thousand and $0.1 million, respectively attributable to joint venture partners, which have non-participating interests as described in Note 9. For the nine month periods ended September 30, 2015 and 2014, excludes net increase in equity resulting from operations of $32 thousand and $0.2 million, respectively attributable to joint venture partners, which have non-participating interests 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.