| 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
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Under Options
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Price
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$(000’s)
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Outstanding at January 1, 2015
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10,000
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$
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33.36
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-
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Granted
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800,000
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17.31
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Outstanding at June 30, 2015 ($17.31 – $45.47)
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810,000
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$
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17.51
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$
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746
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Options exercisable at June 30, 2015
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5,000
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Available for grant at June 30, 2015
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3,413,699
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| Schedule Of Basic And Diluted Earnings Per Share |
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Three Months Ended
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Six Months Ended
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June 30,
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June 30,
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Computation of Basic EPS
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2015
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2014
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2015
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2014
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Net income
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$
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39,389
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$
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57,347
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$
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36,064
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$
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39,719
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Add: Noncontrolling interest in consolidated joint ventures
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373
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290
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863
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612
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Add: Noncontrolling interest in Operating Partnership
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(4,383)
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(6,514)
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(4,069)
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(4,506)
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Net income available to common shareholders
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$
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35,379
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$
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51,123
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$
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32,858
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$
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35,825
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Weighted average common shares
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89,244
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88,691
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89,218
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88,491
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Basic EPS:
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Net income available to common shareholders
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$
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0.40
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$
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0.58
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$
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0.37
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$
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0.40
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Three Months Ended
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Six Months Ended
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June 30,
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June 30,
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Computation of Diluted EPS
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2015
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2014
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2015
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2014
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Net income available to common shareholders
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$
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35,379
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$
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51,123
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$
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32,858
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$
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35,825
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Add (deduct): Noncontrolling interest in Operating Partnership
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4,383
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6,514
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4,069
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4,506
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Net income (loss) for diluted earnings per share
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$
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39,762
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$
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57,637
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$
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36,927
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$
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40,331
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Weighted average common shares
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100,314
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100,023
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100,313
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99,964
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Diluted EPS:
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Net income available to common shareholders
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$
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0.40
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$
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0.58
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$
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0.37
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$
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0.40
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The following schedule reconciles the 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
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Six Months Ended
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June 30,
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June 30,
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2015
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2014
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2015
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2014
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Basic EPS shares
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89,244
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88,691
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89,218
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88,491
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Add: Operating Partnership – common units
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11,028
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11,302
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11,051
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11,444
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Restricted Stock Awards
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42
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30
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44
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29
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Diluted EPS Shares
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100,314
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100,023
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100,313
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99,964
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