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, 2018 |
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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
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Under Options
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Price
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$(000’s)
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Outstanding at January 1, 2018
|
800,000
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$
|
17.31
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$
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3,400
|
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Granted, Lapsed or Cancelled
|
-
|
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-
|
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Outstanding at March 31, 2018 ($17.31)
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800,000
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$
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17.31
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$
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-
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Options exercisable at March 31, 2018
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666,666
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|
|
|
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|
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Available for grant at March 31, 2018
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2,102,977
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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, 2018
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108,318
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$
|
25.49
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Vested
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(30,033)
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|
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26.97
|
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Cancelled
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(3,872)
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|
|
25.83
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Outstanding at March 31, 2018
|
74,413
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$
|
24.87
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| Schedule Of Reconciliation Of Shares Used In Basic EPS Calculation To Shares Used In Diluted EPS Calculation |
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Three Months Ended
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|
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March 31,
|
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Computation of Basic EPS
|
|
2018
|
|
|
2017
|
|
Net income
|
$
|
50,688
|
|
$
|
22,729
|
|
Add (deduct): Noncontrolling interest in consolidated joint ventures
|
|
30
|
|
|
237
|
|
Add (deduct): Noncontrolling interest in Operating Partnership
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(4,883)
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(2,295)
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Add (deduct): Redeemable noncontrolling interest
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(2,799)
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(792)
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Add (deduct): Redemption value adjustment of redeemable noncontrolling
|
|
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interests attributable to common shareholders
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(2,754)
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|
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(9,860)
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Net income available to common shareholders for basic earnings per share
|
$
|
40,282
|
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$
|
10,019
|
|
|
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Weighted average common shares
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90,263
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89,955
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|
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|
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Basic EPS:
|
|
|
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Net income available to common shareholders
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$
|
0.45
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$
|
0.11
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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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|
2018
|
|
|
2017
|
|
Net income available to common shareholders for basic earnings per share
|
$
|
40,282
|
|
$
|
10,019
|
|
Add (deduct): Noncontrolling interest in Operating Partnership
|
|
4,883
|
|
|
2,295
|
|
Add (deduct): Redemption value adjustment of redeemable noncontrolling
|
|
|
|
|
|
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interests attributable to the Operating Partnership unitholders
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(313)
|
|
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(1,138)
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Net income available for diluted earnings per share
|
$
|
44,852
|
|
$
|
11,176
|
|
|
|
|
|
|
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Weighted average common shares
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|
100,604
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100,637
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|
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|
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|
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|
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Diluted EPS:
|
|
|
|
|
|
|
Net income available to common shareholders
|
$
|
0.45
|
|
$
|
0.11
|
|
|
|
|
|
|
|
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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|
|
|
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|
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Three Months Ended
|
|
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March 31,
|
|
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|
2018
|
|
2017
|
|
Basic EPS shares
|
|
90,263
|
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89,955
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Add: Operating Partnership – common and vested LTIP units
|
|
10,242
|
|
10,384
|
|
Restricted Stock Awards
|
|
35
|
|
1
|
|
Stock Options
|
|
64
|
|
297
|
|
Diluted EPS Shares
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|
100,604
|
|
100,637
|
|
| 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, 2018
|
800,000
|
|
$
|
17.31
|
|
$
|
3,400
|
|
Granted, Lapsed or Cancelled
|
-
|
|
|
-
|
|
|
|
|
Outstanding at March 31, 2018 ($17.31)
|
800,000
|
|
$
|
17.31
|
|
$
|
-
|
|
Options exercisable at March 31, 2018
|
666,666
|
|
|
|
|
|
|
|
Available for grant at March 31, 2018
|
2,102,977
|
|
|
|
|
|
|
|
| Schedule Of Restricted Stock Awards |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted-Average
|
|
|
|
|
|
Grant – Date
|
|
|
Shares
|
|
|
Fair Value
|
|
Outstanding at January 1, 2018
|
108,318
|
|
$
|
25.49
|
|
Vested
|
(30,033)
|
|
|
26.97
|
|
Cancelled
|
(3,872)
|
|
|
25.83
|
|
Outstanding at March 31, 2018
|
74,413
|
|
$
|
24.87
|
|
| Schedule Of Reconciliation Of Shares Used In Basic EPS Calculation To Shares Used In Diluted EPS Calculation |
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
|
|
|
March 31,
|
|
Computation of Basic EPU
|
|
|
2018
|
|
|
2017
|
|
Net income
|
|
$
|
50,688
|
|
$
|
22,729
|
|
Add (deduct): Noncontrolling interest in consolidated joint ventures
|
|
|
30
|
|
|
237
|
|
Add (deduct): Redeemable noncontrolling interest
|
|
|
(2,799)
|
|
|
(792)
|
|
Add (deduct): Redemption value adjustment of redeemable noncontrolling interests
|
|
|
(3,067)
|
|
|
(10,998)
|
|
Net income available to common unitholders for basic earnings per unit
|
|
$
|
44,852
|
|
$
|
11,176
|
|
|
|
|
|
|
|
|
|
Weighted average common units
|
|
|
100,505
|
|
|
100,339
|
|
|
|
|
|
|
|
|
|
Basic EPU:
|
|
|
|
|
|
|
|
Net income available to common unitholders
|
|
$
|
0.45
|
|
$
|
0.11
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
|
|
|
March 31,
|
|
Computation of Diluted EPU
|
|
|
2018
|
|
|
2017
|
|
Net income available to common unitholders for diluted earnings per unit
|
|
$
|
44,852
|
|
$
|
11,176
|
|
|
|
|
|
|
|
|
|
Weighted average common unit
|
|
|
100,604
|
|
|
100,637
|
|
|
|
|
|
|
|
|
|
Diluted EPU:
|
|
|
|
|
|
|
|
Net income available to common unitholders
|
|
$
|
0.45
|
|
$
|
0.11
|
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,
|
|
|
|
2018
|
|
2017
|
|
Basic EPU units
|
|
100,505
|
|
100,339
|
|
Add: Restricted Stock Awards
|
|
35
|
|
1
|
|
Stock Options
|
|
64
|
|
297
|
|
Diluted EPU Units
|
|
100,604
|
|
100,637
|
|