Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2012

Earnings per Share

Schedule of basic and diluted net income per share

	Three Months Ended June 30,		Six Months Ended June 30,
	2012	2011	2012	2011
Income from continuing operations	$13,143	$12,361	$26,090	$24,634
Less net income allocated to non-controlling interests	(10)	(48)	(21)	(96)
Less net income allocated to participating securities:
Nonforfeitable dividends on participating securities	(91)	(85)	(185)	(174)
Total net income allocated to participating securities	(91)	(85)	(185)	(174)
Less net income allocated to preferred stockholders:
Preferred stock dividends	(818)	(818)	(1,636)	(3,876)
Preferred stock redemption charge	—	—	—	(3,566)
Total net income allocated to preferred stockholders	(818)	(818)	(1,636)	(7,442)
Income from continuing operations available to common stockholders	12,224	11,410	24,248	16,922
Discontinued operations:
Loss from discontinued operations	(30 )	(99)	(61)	(218)
Gain on sale of assets, net	—	—	16	—
Total net loss from discontinued operations	(30)	(99)	(45)	(218)
Net income available to common stockholders	12,194	11,311	24,203	16,704
Effect of dilutive securities:
Convertible preferred securities	—	—	—	—
Net income for diluted net income per share	$12,194	$11,311	$24,203	$16,704
Shares for basic net income per share	30,213	30,135	30,201	28,233
Effect of dilutive securities:
Stock options	45	33	45	31
Convertible preferred securities	—	—	—	—
Shares for diluted net income per share	30,258	30,168	30,246	28,264
Basic net income per share	$0.40	$0.38	$0.80	$0.59
Diluted net income per share (1)	$0.40	$0.37	$0.80	$0.59

(1)For the three and six months ended June 30, 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.