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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
Components Of Earnings Per Common Share - Basic And Diluted
Earnings per common share – basic and diluted components for the periods indicated are as follows (in thousands):
 
Year Ended December 31,
 
2012
 
2011
 
2010
Numerator:
 
 
 
 
 
Continuing Operations:

 



Income (loss) from continuing operations
$
72,187

 
$
(6,531
)
 
$
20,935

Gain on sale of property
1,034

 
1,679

 
2,005

Net income attributable to noncontrolling interests
(5,781
)
 
(1,118
)
 
(5,032
)
Dividends on preferred shares
(34,930
)
 
(35,476
)
 
(35,476
)
Redemption costs of preferred shares
(2,500
)
 

 

Income (loss) from continuing operations attributable to common
shareholders – basic and diluted
$
30,010

 
$
(41,446
)
 
$
(17,568
)
Discontinued Operations:
 
 
 
 
 
Income from discontinued operations attributable to common
shareholders – basic and diluted
$
79,200

 
$
21,591

 
$
28,298

Denominator:
 
 
 
 
 
Weighted average shares outstanding - basic
120,696

 
120,331

 
119,935

Effect of dilutive securities:
 
 
 
 
 
Share options and awards
1,009

 

 
845

Weighted average shares outstanding - diluted
121,705

 
120,331

 
120,780

Anti-Dilutive Securities Of Common Shares
Anti-dilutive securities of our common shares, which are excluded from the calculation of earnings per common share – diluted are as follows (in thousands):
 
Year Ended December 31,
 
2012
 
2011
 
2010
Share options (1)
2,354

 
3,158

 
3,537

Operating partnership units
1,578

 
1,617

 
1,662

Share options and awards

 
894

 

Total anti-dilutive securities
3,932

 
5,669

 
5,199

 
 
(1)
Exclusion results as exercise prices were greater than the average market price for each respective period.