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 June 30,
	2013						2012
	Basic			Diluted			Basic			Diluted
Numerator
Income (Loss) from continuing operations	$	9,432		$	9,432		$	(5,910	)	$	(5,910	)
Net income (loss) from continuing operations attributable to non-controlling interests	(88		)	(88		)	201			201
Amount allocable to unvested restricted shareholders	(85		)	(85		)	(95		)	(95		)
Preferred share dividends	(1,725		)	(1,725		)	(3,049		)	(3,049		)
Preferred share redemption charge	—			—			(2,090		)	(2,090		)
Income (Loss) from continuing operations available to common shareholders	7,534			7,534			(10,943		)	(10,943		)
Income (Loss) from discontinued operations	(2,252		)	(2,252		)	12,712			12,712
Discontinued operations attributable to non-controlling interests	26			26			(232		)	(232		)
Discontinued operations attributable to common shareholders	(2,226		)	(2,226		)	12,480			12,480
Net income attributable to common shareholders	$	5,308		$	5,308		$	1,537		$	1,537
Denominator
Weighted-average shares outstanding	155,347,384			155,347,384			143,300,637			143,300,637
Contingent securities/Share based compensation	—			1,343,817			—			—
Total weighted-average shares outstanding	155,347,384			156,691,201			143,300,637			143,300,637
Earnings per Common Share:
Income (Loss) from continuing operations attributable to common shareholders	$	0.05		$	0.05		$	(0.08	)	$	(0.08	)
Discontinued operations attributable to common shareholders	(0.02		)	(0.02		)	0.09			0.09
Net income attributable to common shareholders	$	0.03		$	0.03		$	0.01		$	0.01




	Six month periods ended June 30,
	2013						2012
	Basic			Diluted			Basic			Diluted
Numerator
Income (Loss) from continuing operations	$	7,275		$	7,275		$	(13,982	)	$	(13,982	)
Net income (loss) from continuing operations attributable to non-controlling interests	(39		)	(39		)	386			386
Amount allocable to unvested restricted shareholders	(193		)	(193		)	(191		)	(191		)
Preferred share dividends	(3,450		)	(3,450		)	(5,047		)	(5,047		)
Preferred share redemption charge	—			—			(2,090		)	(2,090		)
Income (Loss) from continuing operations available to common shareholders	3,593			3,593			(20,924		)	(20,924		)
Income from discontinued operations	3,824			3,824			30,120			30,120
Discontinued operations attributable to non-controlling interests	(51		)	(51		)	(551		)	(551		)
Discontinued operations attributable to common shareholders	3,773			3,773			29,569			29,569
Net income (loss) attributable to common shareholders	$	7,366		$	7,366		$	8,645		$	8,645
Denominator
Weighted-average shares outstanding	149,508,957			149,508,957			143,060,796			143,060,796
Contingent securities/Share based compensation	—			1,157,288			—			—
Total weighted-average shares outstanding	149,508,957			150,666,245			143,060,796			143,060,796
Earnings per Common Share:
Income (Loss) from continuing operations attributable to common shareholders	$	0.02		$	0.02		$	(0.15	)	$	(0.15	)
Discontinued operations attributable to common shareholders	0.03			0.03			0.21			0.21
Net income (loss) attributable to common shareholders	$	0.05		$	0.05		$	0.06		$	0.06