Mack-Cali Realty Corporation Stockholders' Equity And Mack-Cali Realty, L.P.'s Partners' Capital (Tables)
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9 Months Ended |
Sep. 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
|
|
Granted, Lapsed or Cancelled
|
-
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|
-
|
|
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Outstanding at September 30, 2018 ($17.31)
|
800,000
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$
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17.31
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$
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3,160
|
|
Options exercisable at September 30, 2018
|
800,000
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|
|
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|
|
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Available for grant at September 30, 2018
|
1,521,655
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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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(8,712)
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|
25.83
|
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Outstanding at September 30, 2018
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67,289
|
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$
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22.43
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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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Nine Months Ended
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September 30,
|
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September 30,
|
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Computation of Basic EPS
|
|
2018
|
|
|
2017
|
|
|
2018
|
|
|
2017
|
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Net income
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$
|
1,689
|
|
$
|
44,703
|
|
$
|
53,878
|
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$
|
28,307
|
|
Add (deduct): Noncontrolling interest in consolidated joint ventures
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|
451
|
|
|
447
|
|
|
576
|
|
|
865
|
|
Add (deduct): Noncontrolling interest in Operating Partnership
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|
167
|
|
|
(4,413)
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|
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(4,574)
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|
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(2,412)
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|
Add (deduct): Redeemable noncontrolling interest
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(3,785)
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(2,683)
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(9,573)
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(6,157)
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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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(2,666)
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(2,728)
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(8,799)
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(15,139)
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Net income (loss) available to common shareholders for basic earnings per share
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$
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(4,144)
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$
|
35,326
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$
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31,508
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$
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5,464
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Weighted average common shares
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90,468
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90,023
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90,355
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|
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89,997
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|
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Basic EPS:
|
|
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|
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|
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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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0.39
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$
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0.35
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$
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0.06
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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
|
|
2018
|
|
|
2017
|
|
|
2018
|
|
|
2017
|
|
Net income (loss) available to common shareholders for basic earnings per share
|
$
|
(4,144)
|
|
$
|
35,326
|
|
$
|
31,508
|
|
$
|
5,464
|
|
Add (deduct): Noncontrolling interest in Operating Partnership
|
|
(167)
|
|
|
4,413
|
|
|
4,574
|
|
|
2,412
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Add (deduct): Redemption value adjustment of redeemable noncontrolling
|
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|
|
|
|
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|
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interests attributable to the Operating Partnership unitholders
|
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(302)
|
|
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(316)
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(999)
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(1,748)
|
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Net income (loss) available for diluted earnings per share
|
$
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(4,613)
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$
|
39,423
|
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$
|
35,083
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$
|
6,128
|
|
|
|
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|
|
|
|
|
|
|
|
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Weighted average common shares
|
|
100,712
|
|
|
100,727
|
|
|
100,684
|
|
|
100,701
|
|
|
|
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Diluted EPS:
|
|
|
|
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|
|
|
|
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Net income (loss) available to common shareholders
|
$
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(0.05)
|
|
$
|
0.39
|
|
$
|
0.35
|
|
$
|
0.06
|
|
|
|
|
|
|
|
|
|
|
|
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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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|
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|
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Three Months Ended
|
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Nine Months Ended
|
|
|
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September 30,
|
|
September 30,
|
|
|
|
2018
|
|
2017
|
|
2018
|
|
2017
|
|
Basic EPS shares
|
|
90,468
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|
90,023
|
|
90,355
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|
89,997
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Add: Operating Partnership – common and vested LTIP Units
|
|
10,244
|
|
10,439
|
|
10,251
|
|
10,394
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|
Restricted Stock Awards
|
|
-
|
|
32
|
|
-
|
|
37
|
|
Stock Options
|
|
-
|
|
233
|
|
78
|
|
273
|
|
Diluted EPS Shares
|
|
100,712
|
|
100,727
|
|
100,684
|
|
100,701
|
|
| 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 September 30, 2018 ($17.31)
|
800,000
|
|
$
|
17.31
|
|
$
|
3,160
|
|
Options exercisable at September 30, 2018
|
800,000
|
|
|
|
|
|
|
|
Available for grant at September 30, 2018
|
1,521,655
|
|
|
|
|
|
|
|
| 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
|
(8,712)
|
|
|
25.83
|
|
Outstanding at September 30, 2018
|
67,289
|
|
$
|
22.43
|
|
| Schedule Of Reconciliation Of Shares Used In Basic EPS Calculation To Shares Used In Diluted EPS Calculation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
|
Nine Months Ended
|
|
|
|
|
September 30,
|
|
|
September 30,
|
|
Computation of Basic EPU
|
|
|
2018
|
|
|
2017
|
|
|
2018
|
|
|
2017
|
|
Net income
|
|
$
|
1,689
|
|
$
|
44,703
|
|
$
|
53,878
|
|
$
|
28,307
|
|
Add (deduct): Noncontrolling interest in consolidated joint ventures
|
|
|
451
|
|
|
447
|
|
|
576
|
|
|
865
|
|
Add (deduct): Redeemable noncontrolling interest
|
|
|
(3,785)
|
|
|
(2,683)
|
|
|
(9,573)
|
|
|
(6,157)
|
|
Add (deduct): Redemption value adjustment of redeemable noncontrolling interests
|
|
|
(2,968)
|
|
|
(3,044)
|
|
|
(9,798)
|
|
|
(16,887)
|
|
Net income (loss) available to common unitholders for basic earnings per unit
|
|
$
|
(4,613)
|
|
$
|
39,423
|
|
$
|
35,083
|
|
$
|
6,128
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common units
|
|
|
100,712
|
|
|
100,462
|
|
|
100,606
|
|
|
100,391
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic EPU:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) available to common unitholders
|
|
$
|
(0.05)
|
|
$
|
0.39
|
|
$
|
0.35
|
|
$
|
0.06
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
|
Nine Months Ended
|
|
|
|
|
September 30,
|
|
|
September 30,
|
|
Computation of Diluted EPU
|
|
|
2018
|
|
|
2017
|
|
|
2018
|
|
|
2017
|
|
Net income (loss) available to common unitholders for diluted earnings per unit
|
|
$
|
(4,613)
|
|
$
|
39,423
|
|
$
|
35,083
|
|
$
|
6,128
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common unit
|
|
|
100,712
|
|
|
100,727
|
|
|
100,684
|
|
|
100,701
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted EPU:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) available to common unitholders
|
|
$
|
(0.05)
|
|
$
|
0.39
|
|
$
|
0.35
|
|
$
|
0.06
|
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
|
|
Nine Months Ended
|
|
|
|
September 30,
|
|
September 30,
|
|
|
|
2018
|
|
2017
|
|
2018
|
|
2017
|
|
Basic EPU units
|
|
100,712
|
|
100,462
|
|
100,606
|
|
100,391
|
|
Add: Restricted Stock Awards
|
|
-
|
|
32
|
|
-
|
|
37
|
|
Add: Stock Options
|
|
-
|
|
233
|
|
78
|
|
273
|
|
Diluted EPU Units
|
|
100,712
|
|
100,727
|
|
100,684
|
|
100,701
|
|