Mack-Cali Realty Corporation Stockholders' Equity And Mack-Cali Realty, L.P.'s Partners' Capital (Tables)
|
6 Months Ended |
Jun. 30, 2017 |
|---|
| 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 June 30, 2017 ($17.31)
|
800,000
|
|
$
|
17.31
|
|
$
|
7,864
|
|
Options exercisable at June 30, 2017
|
666,666
|
|
|
|
|
|
|
|
Available for grant at June 30, 2017
|
2,068,096
|
|
|
|
|
|
|
|
| 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
|
(968)
|
|
|
25.83
|
|
Outstanding at June 30, 2017
|
109,286
|
|
$
|
25.49
|
|
| Schedule Of Basic And Diluted Earnings Per Share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
|
Six Months Ended
|
|
|
|
June 30,
|
|
|
June 30,
|
|
Computation of Basic EPS
|
|
2017
|
|
|
2016
|
|
|
2017
|
|
|
2016
|
|
Net income (loss)
|
$
|
(39,125)
|
|
$
|
54,366
|
|
$
|
(16,396)
|
|
$
|
123,135
|
|
Add (deduct): Noncontrolling interest in consolidated joint ventures
|
|
181
|
|
|
(311)
|
|
|
418
|
|
|
395
|
|
Add (deduct): Noncontrolling interest in Operating Partnership
|
|
4,296
|
|
|
(5,662)
|
|
|
2,001
|
|
|
(12,946)
|
|
Deduct: Redeemable noncontrolling interest
|
|
(2,682)
|
|
|
-
|
|
|
(3,474)
|
|
|
-
|
|
Deduct: Redemption value adjustment of redeemable noncontrolling
|
|
|
|
|
|
|
|
|
|
|
|
|
interests attributable to common shareholders
|
|
(2,551)
|
|
|
-
|
|
|
(12,411)
|
|
|
-
|
|
Net income (loss) available to common shareholders for basic earnings per share
|
$
|
(39,881)
|
|
$
|
48,393
|
|
$
|
(29,862)
|
|
$
|
110,584
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common shares
|
|
90,011
|
|
|
89,740
|
|
|
89,983
|
|
|
89,731
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic EPS:
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) available to common shareholders
|
$
|
(0.44)
|
|
$
|
0.54
|
|
$
|
(0.33)
|
|
$
|
1.23
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
|
Six Months Ended
|
|
|
|
June 30,
|
|
|
June 30,
|
|
Computation of Diluted EPS
|
|
2017
|
|
|
2016
|
|
|
2017
|
|
|
2016
|
|
Net income (loss) available to common shareholders for basic earnings per share
|
$
|
(39,881)
|
|
$
|
48,393
|
|
$
|
(29,862)
|
|
$
|
110,584
|
|
Add (deduct): Noncontrolling interest in Operating Partnership
|
|
(4,296)
|
|
|
5,662
|
|
|
(2,001)
|
|
|
12,946
|
|
Deduct: Redemption value adjustment of redeemable noncontrolling
|
|
|
|
|
|
|
|
|
|
|
|
|
interests attributable to the Operating Partnership unitholders
|
|
(294)
|
|
|
-
|
|
|
(1,432)
|
|
|
-
|
|
Net income (loss) for diluted earnings per share
|
$
|
(44,471)
|
|
$
|
54,055
|
|
$
|
(33,295)
|
|
$
|
123,530
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common shares
|
|
100,370
|
|
|
100,401
|
|
|
100,354
|
|
|
100,359
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted EPS:
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) available to common shareholders
|
$
|
(0.44)
|
|
$
|
0.54
|
|
$
|
(0.33)
|
|
$
|
1.23
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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)
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
Six Months Ended
|
|
|
|
June 30,
|
|
June 30,
|
|
|
|
2017
|
|
2016
|
|
2017
|
|
2016
|
|
Basic EPS shares
|
|
90,011
|
|
89,740
|
|
89,983
|
|
89,731
|
|
Add: Operating Partnership – common units
|
|
10,359
|
|
10,499
|
|
10,371
|
|
10,504
|
|
Restricted Stock Awards
|
|
-
|
|
55
|
|
-
|
|
52
|
|
Stock Options
|
|
-
|
|
107
|
|
-
|
|
72
|
|
Diluted EPS Shares
|
|
100,370
|
|
100,401
|
|
100,354
|
|
100,359
|
|
| 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 June 30, 2017 ($17.31)
|
800,000
|
|
$
|
17.31
|
|
$
|
7,864
|
|
Options exercisable at June 30, 2017
|
666,666
|
|
|
|
|
|
|
|
Available for grant at June 30, 2017
|
2,068,096
|
|
|
|
|
|
|
|
| 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
|
(968)
|
|
|
25.83
|
|
Outstanding at June 30, 2017
|
109,286
|
|
$
|
25.49
|
|
| Schedule Of Basic And Diluted Earnings Per Share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
|
Six Months Ended
|
|
|
|
|
June 30,
|
|
|
June 30,
|
|
Computation of Basic EPU
|
|
|
2017
|
|
|
2016
|
|
|
2017
|
|
|
2016
|
|
Net income (loss)
|
|
$
|
(39,125)
|
|
$
|
54,366
|
|
$
|
(16,396)
|
|
$
|
123,135
|
|
Add (deduct): Noncontrolling interest in consolidated joint ventures
|
|
|
181
|
|
|
(311)
|
|
|
418
|
|
|
395
|
|
Deduct: Redeemable noncontrolling interest
|
|
|
(2,682)
|
|
|
-
|
|
|
(3,474)
|
|
|
-
|
|
Deduct: Redemption value adjustment of redeemable noncontrolling interests
|
|
|
(2,845)
|
|
|
-
|
|
|
(13,843)
|
|
|
-
|
|
Net income (loss) available to common unitholders for basic earnings per unit
|
|
$
|
(44,471)
|
|
$
|
54,055
|
|
$
|
(33,295)
|
|
$
|
123,530
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common units
|
|
|
100,370
|
|
|
100,239
|
|
|
100,354
|
|
|
100,235
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic EPU:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) available to common unitholders
|
|
$
|
(0.44)
|
|
$
|
0.54
|
|
$
|
(0.33)
|
|
$
|
1.23
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
|
Six Months Ended
|
|
|
|
|
June 30,
|
|
|
June 30,
|
|
Computation of Diluted EPU
|
|
|
2017
|
|
|
2016
|
|
|
2017
|
|
|
2016
|
|
Net income (loss) available to common unitholders for basic earnings per unit
|
|
$
|
(44,471)
|
|
$
|
54,055
|
|
$
|
(33,295)
|
|
$
|
123,530
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common unit
|
|
|
100,370
|
|
|
100,401
|
|
|
100,354
|
|
|
100,359
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted EPU:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) available to common unitholders
|
|
$
|
(0.44)
|
|
$
|
0.54
|
|
$
|
(0.33)
|
|
$
|
1.23
|
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
|
|
Six Months Ended
|
|
|
|
June 30,
|
|
June 30,
|
|
|
|
2017
|
|
2016
|
|
2017
|
|
2016
|
|
Basic EPU units
|
|
100,370
|
|
100,239
|
|
100,354
|
|
100,235
|
|
Add: Restricted Stock Awards
|
|
-
|
|
55
|
|
-
|
|
52
|
|
Stock Options
|
|
-
|
|
107
|
|
-
|
|
72
|
|
Diluted EPU Units
|
|
100,370
|
|
100,401
|
|
100,354
|
|
100,359
|
|