Mack-Cali Realty Corporation Stockholders' Equity And Mack-Cali Realty, L.P.'s Partners' Capital (Tables)
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6 Months Ended |
Jun. 30, 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 June 30, 2018 ($17.31)
|
800,000
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$
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17.31
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$
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2,376
|
|
Options exercisable at June 30, 2018
|
800,000
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|
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Available for grant at June 30, 2018
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1,488,356
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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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Granted
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40,185
|
|
|
20.16
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Vested
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(72,502)
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25.33
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Cancelled
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(4,840)
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25.83
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Outstanding at June 30, 2018
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71,161
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$
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22.63
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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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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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2018
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2017
|
|
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2018
|
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2017
|
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Net income (loss)
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$
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1,501
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$
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(39,125)
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$
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52,189
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$
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(16,396)
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Add (deduct): Noncontrolling interest in consolidated joint ventures
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|
95
|
|
|
181
|
|
|
125
|
|
|
418
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|
Add (deduct): Noncontrolling interest in Operating Partnership
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|
142
|
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4,296
|
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(4,741)
|
|
|
2,001
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Add (deduct): Redeemable noncontrolling interest
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(2,989)
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(2,682)
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(5,788)
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(3,474)
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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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(3,379)
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(2,551)
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(6,133)
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(12,411)
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Net income (loss) available to common shareholders for basic earnings per share
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$
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(4,630)
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$
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(39,881)
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$
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35,652
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$
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(29,862)
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Weighted average common shares
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90,330
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90,011
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90,297
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89,983
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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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(0.05)
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$
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(0.44)
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$
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0.39
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$
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(0.33)
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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
|
|
2018
|
|
|
2017
|
|
|
2018
|
|
|
2017
|
|
Net income (loss) available to common shareholders for basic earnings per share
|
$
|
(4,630)
|
|
$
|
(39,881)
|
|
$
|
35,652
|
|
$
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(29,862)
|
|
Add (deduct): Noncontrolling interest in Operating Partnership
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(142)
|
|
|
(4,296)
|
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4,741
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(2,001)
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Add (deduct): Redemption value adjustment of redeemable noncontrolling
|
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interests attributable to the Operating Partnership unitholders
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(384)
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(294)
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(697)
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(1,432)
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Net income (loss) available for diluted earnings per share
|
$
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(5,156)
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$
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(44,471)
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$
|
39,696
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$
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(33,295)
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|
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|
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Weighted average common shares
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|
100,598
|
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|
100,370
|
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|
100,607
|
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|
100,354
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Diluted EPS:
|
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|
|
|
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|
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Net income (loss) available to common shareholders
|
$
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(0.05)
|
|
$
|
(0.44)
|
|
$
|
0.39
|
|
$
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(0.33)
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|
|
|
|
|
|
|
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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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Six Months Ended
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June 30,
|
|
June 30,
|
|
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|
2018
|
|
2017
|
|
2018
|
|
2017
|
|
Basic EPS shares
|
|
90,330
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|
90,011
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|
90,297
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|
89,983
|
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Add: Operating Partnership – common and vested LTIP Units
|
|
10,268
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|
10,359
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|
10,255
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|
10,371
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Stock Options
|
|
-
|
|
-
|
|
55
|
|
-
|
|
Diluted EPS Shares
|
|
100,598
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|
100,370
|
|
100,607
|
|
100,354
|
|
| 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 June 30, 2018 ($17.31)
|
800,000
|
|
$
|
17.31
|
|
$
|
2,376
|
|
Options exercisable at June 30, 2018
|
800,000
|
|
|
|
|
|
|
|
Available for grant at June 30, 2018
|
1,488,356
|
|
|
|
|
|
|
|
| Schedule Of Restricted Stock Awards |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted-Average
|
|
|
|
|
|
Grant – Date
|
|
|
Shares
|
|
|
Fair Value
|
|
Outstanding at January 1, 2018
|
108,318
|
|
$
|
25.49
|
|
Granted
|
40,185
|
|
|
20.16
|
|
Vested
|
(72,502)
|
|
|
25.33
|
|
Cancelled
|
(4,840)
|
|
|
25.83
|
|
Outstanding at June 30, 2018
|
71,161
|
|
$
|
22.63
|
|
| Schedule Of Reconciliation Of Shares Used In Basic EPS Calculation To Shares Used In Diluted EPS Calculation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
|
Six Months Ended
|
|
|
|
|
June 30,
|
|
|
June 30,
|
|
Computation of Basic EPU
|
|
|
2018
|
|
|
2017
|
|
|
2018
|
|
|
2017
|
|
Net income (loss)
|
|
$
|
1,501
|
|
$
|
(39,125)
|
|
$
|
52,189
|
|
$
|
(16,396)
|
|
Add (deduct): Noncontrolling interest in consolidated joint ventures
|
|
|
95
|
|
|
181
|
|
|
125
|
|
|
418
|
|
Add (deduct): Redeemable noncontrolling interest
|
|
|
(2,989)
|
|
|
(2,682)
|
|
|
(5,788)
|
|
|
(3,474)
|
|
Add (deduct): Redemption value adjustment of redeemable noncontrolling interests
|
|
|
(3,763)
|
|
|
(2,845)
|
|
|
(6,830)
|
|
|
(13,843)
|
|
Net income (loss) available to common unitholders for basic earnings per unit
|
|
$
|
(5,156)
|
|
$
|
(44,471)
|
|
$
|
39,696
|
|
$
|
(33,295)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common units
|
|
|
100,598
|
|
|
100,370
|
|
|
100,552
|
|
|
100,354
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic EPU:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) available to common unitholders
|
|
$
|
(0.05)
|
|
$
|
(0.44)
|
|
$
|
0.39
|
|
$
|
(0.33)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
|
Six Months Ended
|
|
|
|
|
June 30,
|
|
|
June 30,
|
|
Computation of Diluted EPU
|
|
|
2018
|
|
|
2017
|
|
|
2018
|
|
|
2017
|
|
Net income (loss) available to common unitholders for diluted earnings per unit
|
|
$
|
(5,156)
|
|
$
|
(44,471)
|
|
$
|
39,696
|
|
$
|
(33,295)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common unit
|
|
|
100,598
|
|
|
100,370
|
|
|
100,607
|
|
|
100,354
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted EPU:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) available to common unitholders
|
|
$
|
(0.05)
|
|
$
|
(0.44)
|
|
$
|
0.39
|
|
$
|
(0.33)
|
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,
|
|
|
|
2018
|
|
2017
|
|
2018
|
|
2017
|
|
Basic EPU units
|
|
100,598
|
|
100,370
|
|
100,552
|
|
100,354
|
|
Add: Stock Options
|
|
-
|
|
-
|
|
55
|
|
-
|
|
Diluted EPU Units
|
|
100,598
|
|
100,370
|
|
100,607
|
|
100,354
|
|