XML 98 R38.htm IDEA: XBRL DOCUMENT v2.4.0.6
Beneficiaries Equity of The Parent Company (Tables)
 9 Months Ended
Sep. 30, 2012
Equity [Abstract]  
Earnings per Share (EPS)
BENEFICIARIES’ EQUITY OF THE PARENT COMPANY
Earnings per Share (EPS)
The following tables detail the number of shares and net income used to calculate basic and diluted earnings per share (in thousands, except share and per share amounts; results may not add due to rounding):
 
Three-month periods ended September 30,
 
2012
 
2011
 
Basic
 
Diluted
 
Basic
 
Diluted
Numerator
 
 
 
 
 
 
 
Income from continuing operations
$
7,080

 
$
7,080

 
$
4,861

 
$
4,861

Net income from continuing operations attributable to non-controlling interests
(78
)
 
(78
)
 
(276
)
 
(276
)
Amount allocable to unvested restricted shareholders
(95
)
 
(95
)
 
(121
)
 
(121
)
Preferred share dividends
(2,785
)
 
(2,785
)
 
(1,998
)
 
(1,998
)
Income from continuing operations available to common shareholders
4,122

 
4,122

 
2,466

 
2,466

Income from discontinued operations
10,009

 
10,009

 
1,750

 
1,750

Discontinued operations attributable to non-controlling interests
(182
)
 
(182
)
 
(86
)
 
(86
)
Discontinued operations attributable to common shareholders
9,827

 
9,827

 
1,664

 
1,664

Net income attributable to common shareholders
$
13,949

 
$
13,949

 
$
4,130

 
$
4,130

Denominator
 
 
 
 
 
 
 
Weighted-average shares outstanding
143,424,485

 
143,424,485

 
135,562,487

 
135,562,487

Contingent securities/Share based compensation
—

 
703,525

 
—

 
1,278,964

Total weighted-average shares outstanding
143,424,485

 
144,128,010

 
135,562,487

 
136,841,451

Earnings per Common Share:
 
 
 
 
 
 
 
Income from continuing operations attributable to common shareholders
$
0.03

 
$
0.03

 
$
0.02

 
$
0.02

Discontinued operations attributable to common shareholders
0.07

 
0.07

 
0.01

 
0.01

Net income attributable to common shareholders
$
0.10

 
$
0.10

 
$
0.03

 
$
0.03



 
Nine-month periods ended September 30,
 
2012
 
2011
 
Basic
 
Diluted
 
Basic
 
Diluted
Numerator
 
 
 
 
 
 
 
Loss from continuing operations
$
(3,414
)
 
$
(3,414
)
 
$
(9,278
)
 
$
(9,278
)
Net loss from continuing operations attributable to non-controlling interests
244

 
244

 
88

 
88

Amount allocable to unvested restricted shareholders
(286
)
 
(286
)
 
(384
)
 
(384
)
Preferred share dividends
(7,832
)
 
(7,832
)
 
(5,994
)
 
(5,994
)
Preferred share redemption charge
(2,090
)
 
(2,090
)
 
—

 
—

Loss from continuing operations available to common shareholders
(13,378
)
 
(13,378
)
 
(15,568
)
 
(15,568
)
Income from discontinued operations
36,641

 
36,641

 
9,165

 
9,165

Discontinued operations attributable to non-controlling interests
(669
)
 
(669
)
 
(234
)
 
(234
)
Discontinued operations attributable to common shareholders
35,972

 
35,972

 
8,931

 
8,931

Net income (loss) attributable to common shareholders
$
22,594

 
$
22,594

 
$
(6,637
)
 
$
(6,637
)
Denominator
 
 
 
 
 
 
 
Weighted-average shares outstanding
143,182,911

 
143,182,911

 
135,164,424

 
135,164,424

Earnings per Common Share:
 
 
 
 
 
 
 
Loss from continuing operations attributable to common shareholders
$
(0.09
)
 
$
(0.09
)
 
$
(0.12
)
 
$
(0.12
)
Discontinued operations attributable to common shareholders
0.25

 
0.25

 
0.07

 
0.07

Net income (loss) attributable to common shareholders
$
0.16

 
$
0.16

 
$
(0.05
)
 
$
(0.05
)