| 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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Lapsed or Cancelled
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(5,000)
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45.47
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Outstanding at September 30, 2015 ($17.31 – $21.25)
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805,000
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$
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17.33
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$
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1,244
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Options exercisable at September 30, 2015
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-
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Available for grant at September 30, 2015
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3,416,456
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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
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Outstanding at January 1, 2015
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346,946
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$
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21.09
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Granted
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41,337
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17.51
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Vested
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(249,795)
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21.44
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Forfeited
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(1,931)
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20.31
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Outstanding at September 30, 2015
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136,557
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$
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19.37
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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,
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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 (loss)
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$
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(142,141)
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$
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2,085
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$
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(106,077)
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$
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41,804
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Add: Noncontrolling interest in consolidated joint ventures
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(281)
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145
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582
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757
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Add: Noncontrolling interest in Operating Partnership
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15,530
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(248)
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11,461
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(4,754)
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Net income (loss) available to common shareholders
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$
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(126,892)
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$
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1,982
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$
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(94,034)
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$
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37,807
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Weighted average common shares
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89,249
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88,875
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89,229
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88,621
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Basic EPS:
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Net income (loss) available to common shareholders
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$
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(1.42)
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$
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0.02
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$
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(1.05)
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$
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0.43
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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,
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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 (loss) available to common shareholders
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$
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(126,892)
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$
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1,982
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$
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(94,034)
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$
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37,807
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Add (deduct): Noncontrolling interest in Operating Partnership
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(15,530)
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248
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(11,461)
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4,754
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Net income (loss) for diluted earnings per share
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$
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(142,422)
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$
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2,230
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$
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(105,495)
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$
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42,561
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Weighted average common shares
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100,172
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100,052
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100,236
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100,014
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Diluted EPS:
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Net income (loss) available to common shareholders
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$
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(1.42)
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$
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0.02
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$
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(1.05)
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$
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0.43
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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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Nine Months Ended
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September 30,
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September 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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89,249
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88,875
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89,229
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88,621
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Add: Operating Partnership – common units
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10,923
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11,120
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11,007
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11,334
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Restricted Stock Awards
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-
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57
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-
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59
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Diluted EPS Shares
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100,172
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100,052
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100,236
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100,014
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