Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2014

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 March 31,
	2014			2013
Basic
Income (loss) from continuing operations	$	(4,907	)	$	9,733
Loss attributable to non-controlling interest		1,389			795
Preferred dividend of Series D Preferred Shares		(2,787	)		(2,787	)
Amount allocated to Restricted Shares		(96	)		(2	)
Income (loss) from continuing operations applicable to Common Shares		(6,401	)		7,739
Income from discontinued operations		4,105			3,218
Loss attributable to non-controlling interest from discontinued operations		54			—
Net income (loss) applicable to Common Shares for earnings per share purposes	$	(2,242	)	$	10,957
Basic weighted-average Common Shares		35,816			33,027
Income (loss) from continuing operations	$	(0.18	)	$	0.23
Income (loss) from discontinued operations		0.12			0.10
Net income (loss) per Common Share - Basic	$	(0.06	)	$	0.33
Diluted
Income (loss) from continuing operations	$	(4,907	)	$	9,733
Loss attributable to non-controlling interest		1,389			795
Preferred dividend of Series D Preferred Shares		(2,787	)		(2,787	)
Amount allocated to Restricted Shares		(96	)		(2	)
Income (loss) from continuing operations applicable to Common Shares		(6,401	)		7,739
Income from discontinued operations		4,105			3,218
Loss attributable to non-controlling interest from discontinued operations		54			—
Net income (loss) applicable to Common Shares for earnings per share purposes	$	(2,242	)	$	10,957
Basic weighted-average Common Shares		35,816			33,027
Stock options (1)		—			2
Restricted Shares (2)		—			—
Diluted weighted-average Common Shares		35,816			33,029
Income (loss) from continuing operations	$	(0.18	)	$	0.23
Income (loss) from discontinued operations		0.12			0.10
Net income (loss) per Common Share - Diluted	$	(0.06	)	$	0.33

(1) The Trust’s stock options were exercised in 2013. The resulting shares were included in the basic weighted-average shares outstanding for the three months ended March 31, 2014. The Trust’s stock options were dilutive for the three months ended March 31, 2013.

(2) The Trust’s Restricted Shares were anti-dilutive for the three months ended March 31, 2014 and March 31, 2013.