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Earnings Per Share (Unaudited)
 9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
EARNINGS PER SHARE
Stratus’ basic net income per share of common stock was calculated by dividing the net (loss) income attributable to Stratus common stock by the weighted-average shares of common stock outstanding during the period. Following is a reconciliation of net (loss) income and weighted-average shares of common stock outstanding for purposes of calculating diluted net (loss) income per share (in thousands, except per share amounts):
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 30,
 
September 30,
 
 
2013
 
2012
 
2013
 
2012
Net (loss) income
 
$
(997
)
 
$
(1,600
)
 
$
3,801

 
$
(4,408
)
Net loss (income) attributable to noncontrolling interests
 
957

 
1,923

 
(2,056
)
 
2,876

Net (loss) income attributable to Stratus common stock
 
$
(40
)
 
$
323

 
$
1,745

 
$
(1,532
)
 
 
 
 
 
 
 
 
 
Weighted-average shares of common stock outstanding
 
8,057

 
8,095

 
8,087

 
7,923

Add shares issuable upon exercise or vesting of:
 
 
 
 
 
 
 
 
Dilutive stock options
 
—

 
—

 
7

a 
—

Restricted stock units
 
—

 
—

 
24

 
—

 
 
 
 
 
 
 
 
 
Weighted-average shares of common stock outstanding for purposes of calculating diluted net (loss) income per share
 
8,057

 
8,095

 
8,118

 
7,923

 
 
 
 
 
 
 
 
 
Diluted net (loss) income per share attributable to Stratus common stock
 
$
—

 
$
0.04

 
$
0.22

 
$
(0.19
)
a. Excludes shares of common stock associated with outstanding stock options with exercise prices less than the average market price of Stratus' common stock that were anti-dilutive based on the treasury stock method totaling approximately 1,700 shares for the first nine months of 2013.

Outstanding stock options with exercise prices greater than the average market price for Stratus' common stock during the period are excluded from the computation of diluted net (loss) income per share of common stock. Excluded were approximately 65,800 stock options with a weighted average exercise price of $20.65 for the first nine months of 2013. Stock options and restricted stock units representing approximately 100,000 shares for third-quarter 2013, 125,200 shares for third-quarter 2012 and 135,500 shares for the first nine months of 2012 were excluded from weighted-average common shares outstanding for purposes of calculating diluted net (loss) income per share because they were anti-dilutive.