XML 131 R108.htm IDEA: XBRL DOCUMENT v3.10.0.1
Income Per Share / Income Per Class A Unit (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Numerator:                      
Income from continuing operations, net of income attributable to noncontrolling interests                 $ 449,356 $ 239,824 $ 526,686
Income (loss) from discontinued operations, net of income attributable to noncontrolling interests                 598 (12,408) 380,231
Net income attributable to Vornado / Vornado Realty L.P.                 449,954 227,416 906,917
Preferred share dividends / unit distributions                 (50,636) (65,399) (75,903)
Preferred share / unit issuance cost                 (14,486) 0 (7,408)
NET INCOME attributable to common shareholders / Class A unitholders $ 100,494 $ 190,645 $ 111,534 $ (17,841) $ 27,319 $ (29,026) $ 115,972 $ 47,752 384,832 162,017 823,606
Earnings allocated to unvested participating securities                 (44) (46) (96)
Numerator for basic (loss) income per share / per Class A unit                 384,788 161,971 823,510
Earnings allocated to Out-Performance Plan units                 174 230 806
Convertible preferred share dividends / unit distributions                 62 0 86
Numerator for diluted income per share / per Class A unit                 $ 385,024 $ 162,201 $ 824,402
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]                      
Denominator for basic income per share - weighted average shares (in shares)                 190,219 189,526 188,837
Vornado stock options and restricted share awards (in shares)                 933 1,448 1,064
Out-Performance Plan units                 101 284 230
Convertible preferred shares / units                 37 0 42
Denominator for diluted income per share - weighted average shares and assumed conversions (in shares)                 191,290 191,258 190,173
INCOME PER COMMON SHARE – BASIC:                      
Income from continuing operations, net (in dollars per share)                 $ 2.02 $ 0.92 $ 2.35
Income (loss) from discontinued operations, net (in dollars per share)                 0.00 (0.07) 2.01
Net income per common share (in dollars per share) $ 0.53 $ 1.00 $ 0.59 $ (0.09) $ 0.14 $ (0.15) $ 0.61 $ 0.25 2.02 0.85 4.36
INCOME PER COMMON SHARE – DILUTED:                      
Income (loss) from continuing operations, net (in dollars per share)                 2.01 0.91 2.34
Income (loss) from discontinued operations, net (in dollars per share)                 0.00 (0.06) 2.00
Net income per common share (in dollars per share) $ 0.53 $ 1.00 $ 0.58 $ (0.09) $ 0.14 $ (0.15) $ 0.61 $ 0.25 $ 2.01 $ 0.85 $ 4.34
Vornado Realty L.P.                      
Numerator:                      
Income from continuing operations, net of income attributable to noncontrolling interests                 $ 474,988 $ 251,554 $ 555,659
Income (loss) from discontinued operations, net of income attributable to noncontrolling interests                 638 (13,228) 404,912
Net income attributable to Vornado / Vornado Realty L.P.                 475,626 238,326 960,571
Preferred share dividends / unit distributions                 (50,830) (65,593) (76,097)
Preferred share / unit issuance cost                 (14,486) 0 (7,408)
NET INCOME attributable to common shareholders / Class A unitholders $ 107,125 $ 203,268 $ 118,931 $ (19,014) $ 29,123 $ (30,952) $ 123,630 $ 50,932 410,310 172,733 877,066
Earnings allocated to unvested participating securities                 (2,973) (3,232) (4,177)
Numerator for basic (loss) income per share / per Class A unit                 407,337 169,501 872,889
Convertible preferred share dividends / unit distributions                 62 0 86
Numerator for diluted income per share / per Class A unit                 $ 407,399 $ 169,501 $ 872,975
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]                      
Denominator for basic income per Class A unit - weighted average units and assumed conversions                 202,068 201,214 200,350
Vornado stock options and restricted share awards (in shares)                 1,307 2,086 1,625
Out-Performance Plan units                 37 0 42
Denominator for diluted income per Class A unit - weighted average units and assumed conversions                 203,412 203,300 202,017
INCOME PER CLASS A UNIT – BASIC:                      
Income from continuing operations, net (in dollars per share)                 $ 2.01 $ 0.91 $ 2.34
Income (loss) from discontinued operations, net (in dollars per share)                 0.01 (0.07) 2.02
Net income per Class A unit (in dollars per share) $ 0.53 $ 1.00 $ 0.58 $ (0.10) $ 0.14 $ (0.16) $ 0.61 $ 0.25 2.02 0.84 4.36
INCOME PER CLASS A UNIT – DILUTED:                      
Income from continuing operations, net (in dollars per share)                 2.00 0.90 2.32
Income (loss) from discontinued operations, net (in dollars per share)                 0.00 (0.07) 2.00
Net income per Class A unit (in dollars per share) $ 0.52 $ 0.99 $ 0.58 $ (0.10) $ 0.14 $ (0.16) $ 0.61 $ 0.25 $ 2.00 $ 0.83 $ 4.32