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Earnings Per Share
 6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
The Company’s restricted stock is considered a participating security pursuant to the two-class method for computing basic earnings per share (“EPS”). The Class A Common Units, which are reflected as noncontrolling interests in the Consolidated Balance Sheets, are considered convertible participating securities as they are entitled to participate in any dividends paid to the Company’s common shareholders. The Class A Common Units are included in the computation of basic EPS using the two-class method and are included in the computation of diluted EPS using the if-converted method. The Class A common stock issuable in connection with a put or conversion of the 2014 Senior Notes, 2016 Senior Notes, 2018 Senior Notes, 2020 Senior Notes and Series A preferred stock is included in the computation of diluted EPS using the if-converted method. The loss from continuing operations attributable to Forest City Enterprises, Inc. for the three and six months ended June 30, 2014 and 2013 was allocated solely to holders of common stock as the participating security holders do not share in the losses.
The reconciliation of the basic and diluted EPS computations is shown in the following table:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2014
2013
 
2014
2013
Numerators (in thousands)
 
 
 
 
 
Loss from continuing operations attributable to Forest City Enterprises, Inc.
$
(94,132
)
$
(36,717
)
 
$
(90,434
)
$
(66,190
)
Preferred dividends
—

—

 
—

(185
)
Loss from continuing operations attributable to common shareholders ‑ Basic and Diluted
$
(94,132
)
$
(36,717
)
 
$
(90,434
)
$
(66,375
)
Net loss attributable to Forest City Enterprises, Inc.
$
(92,992
)
$
(34,940
)
 
$
(77,472
)
$
(54,531
)
Preferred dividends
—

—

 
—

(185
)
Net loss attributable to common shareholders ‑ Basic and Diluted
$
(92,992
)
$
(34,940
)
 
$
(77,472
)
$
(54,716
)
Denominators
 
 
 
 
 
Weighted average shares outstanding ‑ Basic and Diluted (1)
198,341,355

191,357,242

 
198,041,879

187,604,085

Earnings Per Share
 
 
 
 
 
Loss from continuing operations attributable to common shareholders ‑ Basic and Diluted
$
(0.47
)
$
(0.19
)
 
$
(0.46
)
$
(0.35
)
Net loss attributable to common shareholders ‑ Basic and Diluted
$
(0.47
)
$
(0.18
)
 
$
(0.39
)
$
(0.29
)
(1)
Incremental shares from dilutive options, restricted stock, performance shares and convertible securities aggregating 37,140,789 and 37,425,371 for the three and six months ended June 30, 2014, respectively, and 31,553,214 and 35,331,648 for the three and six months ended June 30, 2013, respectively were not included in the computation of diluted EPS because their effect is anti-dilutive due to the loss from continuing operations. Weighted-average options, restricted stock and performance shares of 3,974,932 and 3,585,274 for the three and six months ended June 30, 2014, respectively, and 3,441,229 and 3,544,050 for the three and six months ended June 30, 2013, respectively, were not included in the computation of diluted EPS because their effect is anti-dilutive under the treasury stock method.