Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2011

Earnings Per Share [Abstract]

Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per Common Share:

	Three Months Ended June 30,						Six Months Ended June 30,
	2011			2010			2011			2010
Earnings per Common Share - basic:
Numerator:
Income from continuing operations	$	14,143		$	39,811		$	26,249		$	51,256
Net (income) attributable to noncontrolling  interests in the Operating Partnership from continuing operations		(608	)		(1,921	)		(1,098	)		(2,409	)
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations		(182	)		(215	)		(305	)		(429	)
Dividends on Preferred Stock		(1,622	)		(1,677	)		(3,299	)		(3,354	)
Excess of Preferred Stock redemption/repurchase cost over carrying value		(1,895	)		—			(1,895	)		—
Income from continuing operations available for common stockholders		9,836			35,998			19,652			45,064
Income from discontinued operations		291			238			628			875
Net (income) attributable to noncontrolling interests in the Operating Partnership from discontinued operations		(15	)		(12	)		(32	)		(44	)
Income from discontinued operations available for common stockholders		276			226			596			831
Net income available for common stockholders	$	10,112		$	36,224		$	20,248		$	45,895
Denominator:
Denominator for basic earnings per Common Share – weighted average shares		72,211			71,601			72,015			71,508
Earnings per Common Share – basic:
Income from continuing operations available for common stockholders	$	0.14		$	0.51		$	0.27		$	0.63
Income from discontinued operations available for common stockholders		—			—			0.01			0.01
Net income available for common stockholders	$	0.14		$	0.51		$	0.28		$	0.64
Earnings per Common Share - diluted:
Numerator:
Income from continuing operations	$	14,143		$	39,811		$	26,249		$	51,256
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations		(182	)		(215	)		(305	)		(429	)
Dividends on Preferred Stock		(1,622	)		(1,677	)		(3,299	)		(3,354	)
Excess of Preferred Stock redemption/repurchase cost over carrying value		(1,895	)		—			(1,895	)		—
Income from continuing operations available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership		10,444			37,919			20,750			47,473
Income from discontinued operations available for common stockholders		291			238			628			875
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership	$	10,735		$	38,157		$	21,378		$	48,348
Denominator:
Denominator for basic earnings per Common Share –weighted average shares		72,211			71,601			72,015			71,508
Add:
Stock options using the treasury method		202			209			185			188
Noncontrolling interests partnership units		3,784			3,797			3,787			3,808
Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions (1)		76,197			75,607			75,987			75,504
Earnings per Common Share – diluted:
Income from continuing operations available for common stockholders	$	0.14			0.50			0.27			0.63
Income from discontinued operations available for common stockholders		—			—			0.01			0.01
Net income available for common stockholders	$	0.14			0.50			0.28			0.64

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(1) There were 0.3 million and 0.6 million options outstanding during the three and six months ended June 30, 2011 and 2010, respectively, that were not included in the computation of diluted earnings per share because the impact of including such options would be anti-dilutive.