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Beneficiaries Equity of the Parent Company (Tables)
12 Months Ended
Dec. 31, 2015
Equity [Abstract]  
Earnings Per Share (EPS), Basic and Diluted

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):

 

 

Year ended December 31,

 

 

2015

 

 

2014

 

 

2013

 

 

Basic

 

 

Diluted

 

 

Basic

 

 

Diluted

 

 

Basic

 

 

Diluted

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

$

(30,740

)

 

$

(30,740

)

 

$

6,024

 

 

$

6,024

 

 

$

38,982

 

 

$

38,982

 

Net income (loss) from continuing operations attributable to non-controlling interests

 

339

 

 

 

339

 

 

 

43

 

 

 

43

 

 

 

(357

)

 

 

(357

)

Nonforfeitable dividends allocated to unvested restricted shareholders

 

(329

)

 

 

(329

)

 

 

(349

)

 

 

(349

)

 

 

(363

)

 

 

(363

)

Preferred share dividends

 

(6,900

)

 

 

(6,900

)

 

 

(6,900

)

 

 

(6,900

)

 

 

(6,900

)

 

 

(6,900

)

Income (loss) from continuing operations available to common shareholders

 

(37,630

)

 

 

(37,630

)

 

 

(1,182

)

 

 

(1,182

)

 

 

31,362

 

 

 

31,362

 

Income from discontinued operations

 

-

 

 

 

-

 

 

 

908

 

 

 

908

 

 

 

4,152

 

 

 

4,152

 

Net income (loss) attributable to common shareholders

$

(37,630

)

 

$

(37,630

)

 

$

(274

)

 

$

(274

)

 

$

35,514

 

 

$

35,514

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

178,162,160

 

 

 

178,162,160

 

 

 

166,202,649

 

 

 

166,202,649

 

 

 

153,140,458

 

 

 

153,140,458

 

Contingent securities/Share based compensation

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

1,273,853

 

Weighted-average shares outstanding

 

178,162,160

 

 

 

178,162,160

 

 

 

166,202,649

 

 

 

166,202,649

 

 

 

153,140,458

 

 

 

154,414,311

 

Earnings (loss) per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations attributable to common shareholders

$

(0.21

)

 

$

(0.21

)

 

$

(0.01

)

 

$

(0.01

)

 

$

0.20

 

 

$

0.20

 

Discontinued operations attributable to common shareholders

 

-

 

 

 

-

 

 

0.01

 

 

0.01

 

 

0.03

 

 

0.03

 

Net income (loss) attributable to common shareholders

$

(0.21

)

 

$

(0.21

)

 

$

-

 

 

$

-

 

 

$

0.23

 

 

$

0.23