Mack-Cali Realty Corporation Stockholders' Equity And Mack-Cali Realty, L.P.'s Partners' Capital (Tables)
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9 Months Ended |
Sep. 30, 2017 |
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| Stockolders Equity [Line Items] |
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| Schedule Of Stock Option Plans |
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Weighted
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Aggregate
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Average
|
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Intrinsic
|
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Shares
|
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Exercise
|
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Value
|
|
|
Under Options
|
|
|
Price
|
|
|
$(000’s)
|
|
Outstanding at January 1, 2017
|
800,000
|
|
$
|
17.31
|
|
$
|
9,368
|
|
Granted, Lapsed or Cancelled
|
-
|
|
|
-
|
|
|
|
|
Outstanding at September 30, 2017 ($17.31)
|
800,000
|
|
$
|
17.31
|
|
$
|
5,120
|
|
Options exercisable at September 30, 2017
|
666,666
|
|
|
|
|
|
|
|
Available for grant at September 30, 2017
|
2,069,064
|
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|
|
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| Schedule Of Restricted Stock Awards |
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Weighted-Average
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Grant – Date
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Shares
|
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Fair Value
|
|
Outstanding at January 1, 2017
|
145,278
|
|
$
|
21.76
|
|
Granted
|
59,985
|
|
|
27.00
|
|
Vested
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(95,009)
|
|
|
20.73
|
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Cancelled
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(1,936)
|
|
|
25.83
|
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Outstanding at September 30, 2017
|
108,318
|
|
$
|
25.49
|
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| Schedule Of Basic And Diluted Earnings Per Share |
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Three Months Ended
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Nine Months Ended
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September 30,
|
|
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September 30,
|
|
Computation of Basic EPS
|
|
2017
|
|
|
2016
|
|
|
2017
|
|
|
2016
|
|
Net income (loss)
|
$
|
44,703
|
|
$
|
(9,605)
|
|
$
|
28,307
|
|
$
|
113,530
|
|
Add (deduct): Noncontrolling interest in consolidated joint ventures
|
|
447
|
|
|
65
|
|
|
865
|
|
|
460
|
|
Add (deduct): Noncontrolling interest in Operating Partnership
|
|
(4,413)
|
|
|
999
|
|
|
(2,412)
|
|
|
(11,947)
|
|
Deduct: Redeemable noncontrolling interest
|
|
(2,683)
|
|
|
-
|
|
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(6,157)
|
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|
-
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Deduct: Redemption value adjustment of redeemable noncontrolling
|
|
|
|
|
|
|
|
|
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interests attributable to common shareholders
|
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(2,728)
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|
|
-
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(15,139)
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|
|
-
|
|
Net income (loss) available to common shareholders for basic earnings per share
|
$
|
35,326
|
|
$
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(8,541)
|
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$
|
5,464
|
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$
|
102,043
|
|
|
|
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|
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|
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|
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Weighted average common shares
|
|
90,023
|
|
|
89,755
|
|
|
89,997
|
|
|
89,739
|
|
|
|
|
|
|
|
|
|
|
|
|
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Basic EPS:
|
|
|
|
|
|
|
|
|
|
|
|
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Net income (loss) available to common shareholders
|
$
|
0.39
|
|
$
|
(0.10)
|
|
$
|
0.06
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$
|
1.14
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Three Months Ended
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Nine Months Ended
|
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September 30,
|
|
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September 30,
|
|
Computation of Diluted EPS
|
|
2017
|
|
|
2016
|
|
|
2017
|
|
|
2016
|
|
Net income (loss) available to common shareholders for basic earnings per share
|
$
|
35,326
|
|
$
|
(8,541)
|
|
$
|
5,464
|
|
$
|
102,043
|
|
Add (deduct): Noncontrolling interest in Operating Partnership
|
|
4,413
|
|
|
(999)
|
|
|
2,412
|
|
|
11,947
|
|
Deduct: Redemption value adjustment of redeemable noncontrolling
|
|
|
|
|
|
|
|
|
|
|
|
|
interests attributable to the Operating Partnership unitholders
|
|
(316)
|
|
|
-
|
|
|
(1,748)
|
|
|
-
|
|
Net income (loss) for diluted earnings per share
|
$
|
39,423
|
|
$
|
(9,540)
|
|
$
|
6,128
|
|
$
|
113,990
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common shares
|
|
100,727
|
|
|
100,253
|
|
|
100,701
|
|
|
100,486
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted EPS:
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) available to common shareholders
|
$
|
0.39
|
|
$
|
(0.10)
|
|
$
|
0.06
|
|
$
|
1.13
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The following schedule reconciles the weighted average shares used in the basic EPS calculation to the shares used in the diluted EPS calculation: (in thousands)
|
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|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
Nine Months Ended
|
|
|
|
September 30,
|
|
September 30,
|
|
|
|
2017
|
|
2016
|
|
2017
|
|
2016
|
|
Basic EPS shares
|
|
90,023
|
|
89,755
|
|
89,997
|
|
89,739
|
|
Add: Operating Partnership – common units
|
|
10,439
|
|
10,498
|
|
10,394
|
|
10,502
|
|
Restricted Stock Awards
|
|
32
|
|
-
|
|
37
|
|
50
|
|
Stock Options
|
|
233
|
|
-
|
|
273
|
|
195
|
|
Diluted EPS Shares
|
|
100,727
|
|
100,253
|
|
100,701
|
|
100,486
|
|
| Mack-Cali Realty LP [Member] |
|
| Stockolders Equity [Line Items] |
|
| Schedule Of Stock Option Plans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted
|
|
|
Aggregate
|
|
|
|
|
|
Average
|
|
|
Intrinsic
|
|
|
Shares
|
|
|
Exercise
|
|
|
Value
|
|
|
Under Options
|
|
|
Price
|
|
|
$(000’s)
|
|
Outstanding at January 1, 2017
|
800,000
|
|
$
|
17.31
|
|
$
|
9,368
|
|
Granted, Lapsed or Cancelled
|
-
|
|
|
-
|
|
|
|
|
Outstanding at September 30, 2017 ($17.31)
|
800,000
|
|
$
|
17.31
|
|
$
|
5,120
|
|
Options exercisable at September 30, 2017
|
666,666
|
|
|
|
|
|
|
|
Available for grant at September 30, 2017
|
2,069,064
|
|
|
|
|
|
|
|
| Schedule Of Restricted Stock Awards |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted-Average
|
|
|
|
|
|
Grant – Date
|
|
|
Shares
|
|
|
Fair Value
|
|
Outstanding at January 1, 2017
|
145,278
|
|
$
|
21.76
|
|
Granted
|
59,985
|
|
|
27.00
|
|
Vested
|
(95,009)
|
|
|
20.73
|
|
Cancelled
|
(1,936)
|
|
|
25.83
|
|
Outstanding at September 30, 2017
|
108,318
|
|
$
|
25.49
|
|
| Schedule Of Basic And Diluted Earnings Per Share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
|
Nine Months Ended
|
|
|
|
|
September 30,
|
|
|
September 30,
|
|
Computation of Basic EPU
|
|
|
2017
|
|
|
2016
|
|
|
2017
|
|
|
2016
|
|
Net income (loss)
|
|
$
|
44,703
|
|
$
|
(9,605)
|
|
$
|
28,307
|
|
$
|
113,530
|
|
Add (deduct): Noncontrolling interest in consolidated joint ventures
|
|
|
447
|
|
|
65
|
|
|
865
|
|
|
460
|
|
Deduct: Redeemable noncontrolling interest
|
|
|
(2,683)
|
|
|
-
|
|
|
(6,157)
|
|
|
-
|
|
Deduct: Redemption value adjustment of redeemable noncontrolling interests
|
|
|
(3,044)
|
|
|
-
|
|
|
(16,887)
|
|
|
-
|
|
Net income (loss) available to common unitholders for basic earnings per unit
|
|
$
|
39,423
|
|
$
|
(9,540)
|
|
$
|
6,128
|
|
$
|
113,990
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common units
|
|
|
100,462
|
|
|
100,253
|
|
|
100,391
|
|
|
100,241
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic EPU:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) available to common unitholders
|
|
$
|
0.39
|
|
$
|
(0.10)
|
|
$
|
0.06
|
|
$
|
1.14
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
|
Nine Months Ended
|
|
|
|
|
September 30,
|
|
|
September 30,
|
|
Computation of Diluted EPU
|
|
|
2017
|
|
|
2016
|
|
|
2017
|
|
|
2016
|
|
Net income (loss) available to common unitholders for basic earnings per unit
|
|
$
|
39,423
|
|
$
|
(9,540)
|
|
$
|
6,128
|
|
$
|
113,990
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common unit
|
|
|
100,727
|
|
|
100,253
|
|
|
100,701
|
|
|
100,486
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted EPU:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) available to common unitholders
|
|
$
|
0.39
|
|
$
|
(0.10)
|
|
$
|
0.06
|
|
$
|
1.13
|
The following schedule reconciles the weighted average units used in the basic EPU calculation to the units used in the diluted EPU calculation: (in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
Nine Months Ended
|
|
|
|
September 30,
|
|
September 30,
|
|
|
|
2017
|
|
2016
|
|
2017
|
|
2016
|
|
Basic EPU units
|
|
100,462
|
|
100,253
|
|
100,391
|
|
100,241
|
|
Add: Restricted Stock Awards
|
|
32
|
|
-
|
|
37
|
|
50
|
|
Stock Options
|
|
233
|
|
-
|
|
273
|
|
195
|
|
Diluted EPU Units
|
|
100,727
|
|
100,253
|
|
100,701
|
|
100,486
|
|