Mack-Cali Realty Corporation Stockholders' Equity And Mack-Cali Realty, L.P.'s Partners' Capital (Tables)
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3 Months Ended |
Mar. 31, 2017 |
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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
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Under Options
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Price
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$(000’s)
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Outstanding at January 1, 2017
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800,000
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$
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17.31
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$
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9,368
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Granted, Lapsed or Cancelled
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-
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-
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Outstanding at March 31, 2017 ($17.31)
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800,000
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$
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17.31
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$
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7,704
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Options exercisable at March 31, 2017
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533,334
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Available for grant at March 31, 2017
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2,702,671
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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, 2017
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145,278
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$
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21.76
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Vested
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(82,493)
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21.25
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Outstanding at March 31, 2017
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62,785
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$
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22.42
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| Schedule Of Basic And Diluted Earnings Per Share |
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Three Months Ended
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March 31,
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Computation of Basic EPS
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2017
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2016
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Net income
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$
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22,729
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$
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68,769
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Add: Noncontrolling interest in consolidated joint ventures
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237
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706
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Add (deduct): Noncontrolling interest in Operating Partnership
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(2,295)
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(7,284)
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Deduct: Redeemable noncontrolling interest
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(792)
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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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(9,860)
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-
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Net income available to common shareholders for basic earnings per share
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$
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10,019
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$
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62,191
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Weighted average common shares
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89,955
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89,721
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Basic EPS:
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Net income available to common shareholders
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$
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0.11
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$
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0.69
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Three Months Ended
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March 31,
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Computation of Diluted EPS
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2017
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2016
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Net income available to common shareholders for basic earnings per share
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$
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10,019
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$
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62,191
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Add (deduct): Noncontrolling interest in Operating Partnership
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2,295
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7,284
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Deduct: Redemption value adjustment of redeemable noncontrolling
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interests attributable to the Operating Partnership unitholders
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(1,138)
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-
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Net income for diluted earnings per share
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$
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11,176
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$
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69,475
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Weighted average common shares
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100,637
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100,315
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Diluted EPS:
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Net income available to common shareholders
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$
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0.11
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$
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0.69
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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
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March 31,
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2017
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2016
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Basic EPS shares
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89,955
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89,721
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Add: Operating Partnership – common units
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10,384
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10,509
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Restricted Stock Awards
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1
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56
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Stock Options
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297
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29
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Diluted EPS Shares
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100,637
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100,315
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| Mack-Cali Realty LP [Member] |
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| Schedule Of Stock Option Plans |
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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 March 31, 2017 ($17.31)
|
800,000
|
|
$
|
17.31
|
|
$
|
7,704
|
|
Options exercisable at March 31, 2017
|
533,334
|
|
|
|
|
|
|
|
Available for grant at March 31, 2017
|
2,702,671
|
|
|
|
|
|
|
|
| Schedule Of Restricted Stock Awards |
|
|
|
|
|
|
|
|
|
|
|
|
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Weighted-Average
|
|
|
|
|
|
Grant – Date
|
|
|
Shares
|
|
|
Fair Value
|
|
Outstanding at January 1, 2017
|
145,278
|
|
$
|
21.76
|
|
Vested
|
(82,493)
|
|
|
21.25
|
|
Outstanding at March 31, 2017
|
62,785
|
|
$
|
22.42
|
|
| Schedule Of Basic And Diluted Earnings Per Share |
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
|
|
|
March 31,
|
|
Computation of Basic EPU
|
|
|
2017
|
|
|
2016
|
|
Net income
|
|
$
|
22,729
|
|
$
|
68,769
|
|
Add: Noncontrolling interest in consolidated joint ventures
|
|
|
237
|
|
|
706
|
|
Deduct: Redeemable noncontrolling interest
|
|
|
(792)
|
|
|
-
|
|
Deduct: Redemption value adjustment of redeemable noncontrolling interests
|
|
|
(10,998)
|
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|
-
|
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Net income available to common unitholders for basic earnings per unit
|
|
$
|
11,176
|
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$
|
69,475
|
|
|
|
|
|
|
|
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|
Weighted average common units
|
|
|
100,339
|
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100,230
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|
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|
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Basic EPU:
|
|
|
|
|
|
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Net income available to common unitholders
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|
$
|
0.11
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$
|
0.69
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
|
|
|
March 31,
|
|
Computation of Diluted EPU
|
|
|
2017
|
|
|
2016
|
|
Net income available to common unitholders for basic earnings per unit
|
|
$
|
11,176
|
|
$
|
69,475
|
|
|
|
|
|
|
|
|
|
Weighted average common unit
|
|
|
100,637
|
|
|
100,315
|
|
|
|
|
|
|
|
|
|
Diluted EPU:
|
|
|
|
|
|
|
|
Net income available to common unitholders
|
|
$
|
0.11
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$
|
0.69
|
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
|
|
|
|
March 31,
|
|
|
|
2017
|
|
2016
|
|
Basic EPU units
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|
100,339
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|
100,230
|
|
Add: Restricted Stock Awards
|
|
1
|
|
56
|
|
Stock Options
|
|
297
|
|
29
|
|
Diluted EPU Units
|
|
100,637
|
|
100,315
|
|