Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2013

Accounting Policies [Abstract]

Reconciliation of Earnings Attributable to Common Shares Outstanding for the Basic and Diluted EPS

The reconciliation of earnings attributable to Common Shares outstanding for the basic and diluted earnings per share calculation is as follows (in thousands, except per share data):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
Basic
Income from continuing operations	$	12,167		$	15,962		$	23,404		$	25,690
(Income) loss attributable to non-controlling interest		995			(939	)		2,419			435
Preferred dividend on Series D Preferred Shares		(2,787	)		(2,786	)		(8,360	)		(6,498	)
Dividend on Restricted Shares		(97	)		—			(211	)		—
Income from continuing operations applicable to Common Shares		10,278			12,237			17,252			19,627
Income (loss) from discontinued operations		(1,434	)		85			8,025			594
Allocation of undistributed earnings to Restricted Shares		(9	)		—			(24	)		—
Net income applicable to Common Shares	$	8,835		$	12,322		$	25,253		$	20,221
Basic weighted-average Common Shares		33,076			33,075			33,047			33,064
Income from continuing operations	$	0.31		$	0.37		$	0.52		$	0.59
Income (loss) from discontinued operations		(0.04	)		—			0.24			0.02
Earnings per Common Share - Basic	$	0.27		$	0.37		$	0.76		$	0.61
Diluted
Income from continuing operations	$	12,167		$	15,962		$	23,404		$	25,690
(Income) loss attributable to non-controlling interest		995			(939	)		2,419			435
Preferred dividend on Series D Preferred Shares		(2,787	)		(2,786	)		(8,360	)		(6,498	)
Dividend on Restricted Shares		(97	)		—			(211	)		—
Income from continuing operations applicable to Common Shares		10,278			12,237			17,252			19,627
Income (loss) from discontinued operations		(1,434	)		85			8,025			594
Allocation of undistributed earnings to Restricted Shares		(9	)		—			(24	)		—
Net income applicable to Common Shares	$	8,835		$	12,322		$	25,253		$	20,221
Basic weighted-average Common Shares		33,076			33,075			33,047			33,064
Stock options (1)		2			1			2			—
Restricted shares (2)		70			—			40			—
Diluted weighted-average Common Shares		33,148			33,076			33,089			33,064
Income from continuing operations	$	0.31		$	0.37		$	0.52		$	0.59
Income (loss) from discontinued operations		(0.04	)		—			0.24			0.02
Earnings per Common Share - Diluted	$	0.27		$	0.37		$	0.76		$	0.61

(1) The Trust’s outstanding stock options were dilutive for the three and nine months ended September 30, 2013 and 2012. The weighted-average stock options for the nine months ended September 30, 2012 was less than one thousand shares.

(2) The Trust’s restricted stock was dilutive for the three and nine months ended September 30, 2013.