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Beneficiaries Equity of the Parent Company (Tables)
6 Months Ended
Jun. 30, 2016
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):

  

 

Three-month periods ended June 30,

 

 

2016

 

 

2015

 

 

Basic

 

 

Diluted

 

 

Basic

 

 

Diluted

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

$

(1,323

)

 

$

(1,323

)

 

$

3,058

 

 

$

3,058

 

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

 

22

 

 

 

22

 

 

 

(2

)

 

 

(2

)

Nonforfeitable dividends allocated to unvested restricted shareholders

 

(79

)

 

 

(79

)

 

 

(76

)

 

 

(76

)

Preferred share dividends

 

(1,725

)

 

 

(1,725

)

 

 

(1,725

)

 

 

(1,725

)

Net income (loss) attributable to common shareholders

$

(3,105

)

 

$

(3,105

)

 

$

1,255

 

 

$

1,255

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

175,013,291

 

 

 

175,013,291

 

 

 

179,860,284

 

 

 

179,860,284

 

Contingent securities/Share based compensation

 

-

 

 

 

-

 

 

 

-

 

 

 

678,603

 

Weighted-average shares outstanding

 

175,013,291

 

 

 

175,013,291

 

 

 

179,860,284

 

 

 

180,538,887

 

Earnings per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to common shareholders

$

(0.02

)

 

$

(0.02

)

 

$

0.01

 

 

$

0.01

 

 

 

Six-month periods ended June 30,

 

 

2016

 

 

2015

 

 

Basic

 

 

Diluted

 

 

Basic

 

 

Diluted

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

$

44,987

 

 

$

44,987

 

 

$

11,652

 

 

$

11,652

 

Net income from continuing operations attributable to non-controlling interests

 

(367

)

 

 

(367

)

 

 

(60

)

 

 

(60

)

Nonforfeitable dividends allocated to unvested restricted shareholders

 

(184

)

 

 

(184

)

 

 

(177

)

 

 

(177

)

Preferred share dividends

 

(3,450

)

 

 

(3,450

)

 

 

(3,450

)

 

 

(3,450

)

Net income attributable to common shareholders

$

40,986

 

 

$

40,986

 

 

$

7,965

 

 

$

7,965

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

174,901,118

 

 

 

174,901,118

 

 

 

179,712,428

 

 

 

179,712,428

 

Contingent securities/Share based compensation

 

-

 

 

 

922,852

 

 

 

-

 

 

 

886,837

 

Weighted-average shares outstanding

 

174,901,118

 

 

 

175,823,970

 

 

 

179,712,428

 

 

 

180,599,265

 

Earnings per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to common shareholders

$

0.23

 

 

$

0.23

 

 

$

0.04

 

 

$

0.04