XML 48 R56.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Earnings Per Share (Details) (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
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) 0 (1,895) 0
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 72,211,000 71,601,000 72,015,000 71,508,000
Earnings per Common Share - basic:        
Income from continuing operations available for common stockholders (in dollars per share) $ 0.14 $ 0.51 $ 0.27 $ 0.63
Income from discontinued operations available for common stockholders (in dollars per share) $ 0.00 $ 0.00 $ 0.01 $ 0.01
Net income available for common stockholders (in dollars per share) $ 0.14 $ 0.51 $ 0.28 $ 0.64
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) 0 (1,895) 0
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 72,211,000 71,601,000 72,015,000 71,508,000
Stock options using the treasury method 202,000 209,000 185,000 188,000
Noncontrolling interests partnership units 3,784,000 3,797,000 3,787,000 3,808,000
Denominator for diluted earnings per Common Share - adjusted weighted average shares and assumed conversions (1) 76,197,000 [1] 75,607,000 [1] 75,987,000 [1] 75,504,000 [1]
Earnings per Common Share - diluted:        
Income from continuing operations available for common stockholders (in dollars per share) $ 0.14 $ 0.50 $ 0.27 $ 0.63
Income from discontinued operations available for common stockholders (in dollars per share) $ 0.00 $ 0.00 $ 0.01 $ 0.01
Net income available for common stockholders (in dollars per share) $ 0.14 $ 0.50 $ 0.28 $ 0.64
Number of anti-dilutive options and warrants not included in earnings per share (in dollars per share) 300,000 300,000 600,000 600,000
[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.