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Earnings Per Common Share (Tables)
12 Months Ended
Dec. 31, 2014
Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block]
The following table sets forth the computation of basic and diluted earnings per common share for the years ended December 31, 2014, 2013 and 2012 (amounts in thousands, except per share data):
 
Years Ended December 31,
 
2014
 
2013
 
2012
Numerators:
 
 
 
 
 
Income from Continuing Operations:
 
 
 
 
 
Income from continuing operations
$
138,468

 
$
77,247

 
$
63,747

Amounts allocated to dilutive securities
(10,463
)
 
(5,617
)
 
(4,173
)
Preferred Stock distributions
(9,274
)
 
(9,280
)
 
(14,613
)
Income from continuing operations available to Common Shares – basic
118,731

 
62,350

 
44,961

Amounts allocated to dilutive securities
10,463

 
5,617

 
4,173

Income from continuing operations available to Common Shares – fully diluted
$
129,194

 
$
67,967

 
$
49,134

Income from Discontinued Operations:
 
 
 
 
 
Income from discontinued operations, net of amounts allocated to dilutive securities
$

 
$
44,569

 
$
9,818

Net Income Available for Common Shares:
 
 
 
 
 
Net income available for Common Shares—basic
$
118,731

 
$
106,919

 
$
54,779

Amounts allocated to dilutive securities
10,463

 
9,706

 
5,067

Net income available for Common Shares—fully diluted
$
129,194

 
$
116,625

 
$
59,846

Denominator:
 
 
 
 
 
Weighted average Common Shares outstanding—basic
83,362

 
83,018

 
82,348

Effect of dilutive securities:
 
 
 
 
 
Redemption of Common OP Units for Common Shares
7,411

 
7,549

 
7,877

Stock options and restricted shares
738

 
629

 
637

Weighted average Common Shares outstanding—fully diluted
91,511

 
91,196

 
90,862

 
 
 
 
 
 
Earnings per Common Share—Basic:
 
 
 
 
 
Income from continuing operations
$
1.42

 
$
0.75

 
$
0.55

Income from discontinued operations

 
0.54

 
0.12

Net income available for Common Shares
$
1.42

 
$
1.29

 
$
0.67

 
 
 
 
 
 
Earnings per Common Share—Fully Diluted:
 
 
 
 
 
Income from continuing operations
$
1.41

 
$
0.75

 
$
0.54

Income from discontinued operations

 
0.53

 
0.12

Net income available for Common Shares
$
1.41

 
$
1.28

 
$
0.66