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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2016
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 June 30,
 
Six Month Period Ended June 30,
 
 
2016
 
2015
 
2016
 
2015
(In thousands except share amounts)
 
 
 
 
 
 
 
 
Net increase (decrease) in shareholders' equity resulting from operations
 
$
4,985

 
$
13,152

 
$
(18,215
)
 
$
32,413

Add: Net (decrease) increase in equity resulting from operations attributable to the participating non-controlling interest(1)
 
32

 
82

 
(115
)
 
202

Net increase (decrease) in equity resulting from operations related to common shares, LTIP unit holders, and participating non-controlling interest
 
5,017

 
13,234

 
(18,330
)
 
32,615

Net increase (decrease) in shareholders' equity resulting from operations available to common share and LTIP unit holders:
 
 
 
 
 
 
 
 
Net increase (decrease) in shareholders' equity resulting from operations– common shares
 
4,918

 
12,985

 
(17,970
)
 
32,002

Net increase (decrease) in shareholders' equity resulting from operations– LTIP units
 
67

 
167

 
(245
)
 
411

Dividends Paid(2):
 
 
 
 
 
 
 
 
Common shareholders
 
(16,413
)
 
(21,742
)
 
(32,954
)
 
(43,486
)
LTIP unit holders
 
(225
)
 
(279
)
 
(450
)
 
(558
)
Non-controlling interest
 
(106
)
 
(138
)
 
(212
)
 
(274
)
Total dividends paid to common shareholders, LTIP unit holders, and non-controlling interest
 
(16,744
)
 
(22,159
)
 
(33,616
)
 
(44,318
)
Undistributed (Distributed in excess of) earnings:
 
 
 
 
 
 
 
 
Common shareholders
 
(11,495
)
 
(8,757
)
 
(50,924
)
 
(11,484
)
LTIP unit holders
 
(158
)
 
(112
)
 
(695
)
 
(147
)
Non-controlling interest
 
(74
)
 
(56
)
 
(327
)
 
(72
)
Total undistributed (distributed in excess of) earnings attributable to common shareholders, LTIP unit holders, and non-controlling interest
 
$
(11,727
)
 
$
(8,925
)
 
$
(51,946
)
 
$
(11,703
)
Weighted average shares outstanding (basic and diluted):
 
 
 
 
 
 
 
 
Weighted average common shares outstanding
 
32,840,429

 
33,449,678

 
32,962,056

 
33,449,678

Weighted average participating LTIP units
 
449,938

 
429,314

 
449,938

 
429,314

Weighted average non-controlling interest units
 
212,000

 
212,000

 
212,000

 
212,000

Basic earnings per common share:
 
 
 
 
 
 
 
 
Distributed
 
$
0.50

 
$
0.65

 
$
1.00

 
$
1.30

Undistributed (Distributed in excess of)
 
(0.35
)
 
(0.26
)
 
(1.54
)
 
(0.34
)
 
 
$
0.15

 
$
0.39

 
$
(0.54
)
 
$
0.96

Diluted earnings per common share:
 
 
 
 
 
 
 
 
Distributed
 
$
0.50

 
$
0.65

 
$
1.00

 
$
1.30

Undistributed (Distributed in excess of)
 
(0.35
)
 
(0.26
)
 
(1.54
)
 
(0.34
)
 
 
$
0.15

 
$
0.39

 
$
(0.54
)
 
$
0.96

(1)
For the three month periods ended June 30, 2016 and 2015, excludes net increase in equity resulting from operations of $(0.1) million and $(11) thousand, respectively attributable to joint venture partners, which have non-participating interests as described in Note 9. For the six month periods ended June 30, 2016 and 2015, excludes net increase in equity resulting from operations of $0.1 million and $25 thousand, 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.