Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2012

Earnings per Share

Schedule of basic and diluted net income per share

	Three Months Ended March 31,
	2012			2011
Income from continuing operations	$	12,947		$	12,273
Less net income allocated to non-controlling interests	(11		)	(48		)
Less net income allocated to participating securities:
Nonforfeitable dividends on participating securities	(94		)	(89		)
Total net income allocated to participating securities	(94		)	(89		)
Less net income allocated to preferred stockholders:
Preferred stock dividends	(818		)	(3,058		)
Preferred stock redemption charge	—			(3,566		)
Total net income allocated to preferred stockholders	(818		)	(6,624		)
Income from continuing operations available to common stockholders	12,024			5,512
Discontinued operations:
Loss from discontinued operations	(31		)	(119		)
Gain on sale of assets, net	16			—
Total net loss from discontinued operations	(15		)	(119		)
Net income available to common stockholders	12,009			5,393
Effect of dilutive securities:
Convertible preferred securities	—			—
Net income for diluted net income per share	$	12,009		$	5,393
Shares for basic net income per share	30,189			26,310
Effect of dilutive securities:
Stock options	45			30
Convertible preferred securities	—			—
Shares for diluted net income per share	30,234			26,340
Basic net income per share	$	0.40		$	0.20
Diluted net income per share (1)	$	0.40		$	0.20

(1)For the three months ended March 31, 2012 and 2011, the Series C Cumulative Convertible Preferred Stock, the participating securities and the non-controlling interest have been excluded from the computation of diluted net income per share as such inclusion would be anti-dilutive.