XML 58 R26.htm IDEA: XBRL DOCUMENT v2.4.0.6
EARNINGS PER COMMON SHARE (Tables)
6 Months Ended
Jun. 30, 2012
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The following table sets forth the computation of basic and diluted earnings per share from continuing operations for the periods indicated:
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
(dollars in thousands, except per share amounts)
2012
 
2011
 
2012
 
2011
Numerator
 
 
 
 
 
 
 
Income from continuing operations
$
6,517

 
$
4,220

 
$
10,477

 
$
12,378

Less: net income attributable to participating securities
131

 
173

 
215

 
186

Income from continuing operations net of income attributable to participating securities
6,386

 
4,047

 
10,262

 
12,192

Effect of dilutive securities:
 
 
 
 
 
 
 
Preferred OP Unit distributions

 
5

 

 
9

Numerator for diluted earnings per Common Share
$
6,386

 
$
4,052

 
$
10,262

 
$
12,201

 
 
 
 
 
 
 
 
Denominator
 

 
 

 
 

 
 

Weighted average shares for basic earnings per share
44,245

 
40,334

 
43,491

 
40,326

Effect of dilutive securities:
 

 
 

 
 

 
 

Employee Restricted Share Units and share options
429

 
274

 
419

 
256

Convertible Preferred OP Units

 
25

 

 
25

Dilutive potential Common Shares
429

 
299

 
419

 
281

Denominator for diluted earnings per share
44,674

 
40,633

 
43,910

 
40,607

Basic earnings per Common Share from continuing operations attributable to Common Shareholders
$
0.14

 
$
0.10

 
$
0.23

 
$
0.30

Diluted earnings per Common Share from continuing operations attributable to Common Shareholders
$
0.14

 
$
0.10

 
$
0.23

 
$
0.30