Mack-Cali Realty Corporation Stockholders' Equity And Mack-Cali Realty, L.P.'s Partners' Capital (Tables)
|
12 Months Ended |
Dec. 31, 2018 |
|---|
| 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, 2016
|
805,000
|
|
$
|
17.33
|
|
$
|
4,843
|
|
Lapsed or Cancelled
|
(5,000)
|
|
|
21.25
|
|
|
-
|
|
Outstanding at December 31, 2016 ($17.31)
|
800,000
|
|
$
|
17.31
|
|
|
9,368
|
|
Granted, Lapsed or Cancelled
|
-
|
|
|
-
|
|
|
|
|
Outstanding at December 31, 2017 ($17.31)
|
800,000
|
|
$
|
17.31
|
|
|
3,400
|
|
Granted, Lapsed or Cancelled
|
-
|
|
|
-
|
|
|
|
|
Outstanding at December 31, 2018 ($17.31)
|
800,000
|
|
$
|
17.31
|
|
$
|
1,824
|
|
Options exercisable at December 31, 2018
|
800,000
|
|
|
|
|
|
|
|
Available for grant at December 31, 2018
|
1,580,869
|
|
|
|
|
|
|
|
| Schedule Of Restricted Stock Awards |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted-Average
|
|
|
|
|
|
Grant – Date
|
|
|
Shares
|
|
|
Fair Value
|
|
Outstanding at January 1, 2016
|
136,220
|
|
$
|
19.36
|
|
Granted
|
74,622
|
|
|
23.79
|
|
Vested
|
(61,654)
|
|
|
18.94
|
|
Forfeited
|
(3,910)
|
|
|
21.58
|
|
Outstanding at December 31, 2016
|
145,278
|
|
$
|
21.76
|
|
Granted
|
59,985
|
|
|
27.00
|
|
Vested
|
(95,009)
|
|
|
20.73
|
|
Forfeited
|
(1,936)
|
|
|
25.83
|
|
Outstanding at December 31, 2017
|
108,318
|
|
$
|
25.49
|
|
Granted
|
40,185
|
|
|
20.16
|
|
Vested
|
(72,502)
|
|
|
25.33
|
|
Forfeited
|
(8,712)
|
|
|
25.83
|
|
Outstanding at December 31, 2018
|
67,289
|
|
$
|
22.43
|
|
| Schedule Of Reconciliation Of Shares Used In Basic EPS Calculation To Shares Used In Diluted EPS Calculation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31,
|
|
Computation of Basic EPS
|
|
2018
|
|
|
2017
|
|
|
2016
|
|
Net income
|
$
|
106,401
|
|
$
|
33,718
|
|
$
|
130,294
|
|
Add: Noncontrolling interest in consolidated joint ventures
|
|
1,216
|
|
|
1,018
|
|
|
651
|
|
Add (deduct): Noncontrolling interest in Operating Partnership
|
|
(9,527)
|
|
|
(2,711)
|
|
|
(13,721)
|
|
Deduct: Redeemable noncontrolling interest
|
|
(13,979)
|
|
|
(8,840)
|
|
|
-
|
|
Deduct: Redemption value adjustment of redeemable noncontrolling
|
|
|
|
|
|
|
|
|
|
interests attributable to common shareholders
|
|
(11,425)
|
|
|
(17,951)
|
|
|
-
|
|
Net income available to common shareholders for basic earnings per share
|
$
|
72,686
|
|
$
|
5,234
|
|
$
|
117,224
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common shares
|
|
90,388
|
|
|
90,005
|
|
|
89,746
|
|
|
|
|
|
|
|
|
|
|
|
Basic EPS:
|
|
|
|
|
|
|
|
|
|
Net income available to common shareholders
|
$
|
0.80
|
|
$
|
0.06
|
|
$
|
1.31
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31,
|
|
Computation of Diluted EPS
|
|
2018
|
|
|
2017
|
|
|
2016
|
|
Net income available to common shareholders for basic earnings per share
|
$
|
72,686
|
|
$
|
5,234
|
|
$
|
117,224
|
|
Add (deduct): Noncontrolling interest in Operating Partnership
|
|
9,527
|
|
|
2,711
|
|
|
13,721
|
|
Deduct: Redemption value adjustment of redeemable noncontrolling
|
|
|
|
|
|
|
|
|
|
interests attributable to the Operating Partnership unitholders
|
|
(1,296)
|
|
|
(2,074)
|
|
|
-
|
|
Net income available for diluted earnings per share
|
$
|
80,917
|
|
$
|
5,871
|
|
$
|
130,945
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common shares
|
|
100,724
|
|
|
100,703
|
|
|
100,498
|
|
|
|
|
|
|
|
|
|
|
|
Diluted EPS:
|
|
|
|
|
|
|
|
|
|
Net income available to common shareholders
|
$
|
0.80
|
|
$
|
0.06
|
|
$
|
1.30
|
|
|
|
|
|
|
|
|
|
|
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):
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31,
|
|
|
|
2018
|
|
2017
|
|
|
2016
|
|
Basic EPS shares
|
|
90,388
|
|
90,005
|
|
|
89,746
|
|
Add: Operating Partnership – common and vested LTIP units
|
|
10,246
|
|
10,405
|
|
|
10,499
|
|
Restricted Stock Awards
|
|
-
|
|
40
|
|
|
43
|
|
Stock Options
|
|
90
|
|
253
|
|
|
210
|
|
Diluted EPS Shares
|
|
100,724
|
|
100,703
|
|
|
100,498
|
|
| 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, 2016
|
805,000
|
|
$
|
17.33
|
|
$
|
4,843
|
|
Lapsed or Cancelled
|
(5,000)
|
|
|
21.25
|
|
|
-
|
|
Outstanding at December 31, 2016 ($17.31)
|
800,000
|
|
$
|
17.31
|
|
|
9,368
|
|
Granted, Lapsed or Cancelled
|
-
|
|
|
-
|
|
|
|
|
Outstanding at December 31, 2017 ($17.31)
|
800,000
|
|
$
|
17.31
|
|
|
3,400
|
|
Granted, Lapsed or Cancelled
|
-
|
|
|
-
|
|
|
|
|
Outstanding at December 31, 2018 ($17.31)
|
800,000
|
|
$
|
17.31
|
|
$
|
1,824
|
|
Options exercisable at December 31, 2018
|
800,000
|
|
|
|
|
|
|
|
Available for grant at December 31, 2018
|
1,580,869
|
|
|
|
|
|
|
|
| Schedule Of Restricted Stock Awards |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted-Average
|
|
|
|
|
|
Grant – Date
|
|
|
Shares
|
|
|
Fair Value
|
|
Outstanding at January 1, 2016
|
136,220
|
|
$
|
19.36
|
|
Granted
|
74,622
|
|
|
23.79
|
|
Vested
|
(61,654)
|
|
|
18.94
|
|
Forfeited
|
(3,910)
|
|
|
21.58
|
|
Outstanding at December 31, 2016
|
145,278
|
|
$
|
21.76
|
|
Granted
|
59,985
|
|
|
27.00
|
|
Vested
|
(95,009)
|
|
|
20.73
|
|
Forfeited
|
(1,936)
|
|
|
25.83
|
|
Outstanding at December 31, 2017
|
108,318
|
|
$
|
25.49
|
|
Granted
|
40,185
|
|
|
20.16
|
|
Vested
|
(72,502)
|
|
|
25.33
|
|
Forfeited
|
(8,712)
|
|
|
25.83
|
|
Outstanding at December 31, 2018
|
67,289
|
|
$
|
22.43
|
|
| Schedule Of Reconciliation Of Shares Used In Basic EPS Calculation To Shares Used In Diluted EPS Calculation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31,
|
|
Computation of Basic EPU
|
|
|
2018
|
|
|
2017
|
|
|
2016
|
|
Net income
|
|
$
|
106,401
|
|
$
|
33,718
|
|
$
|
130,294
|
|
Add: Noncontrolling interest in consolidated joint ventures
|
|
|
1,216
|
|
|
1,018
|
|
|
651
|
|
Deduct: Redeemable noncontrolling interest
|
|
|
(13,979)
|
|
|
(8,840)
|
|
|
-
|
|
Deduct: Redemption value adjustment of redeemable noncontrolling interests
|
|
|
(12,721)
|
|
|
(20,025)
|
|
|
-
|
|
Net income available to common unitholders for basic earnings per unit
|
|
$
|
80,917
|
|
$
|
5,871
|
|
$
|
130,945
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common units
|
|
|
100,634
|
|
|
100,410
|
|
|
100,245
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic EPU:
|
|
|
|
|
|
|
|
|
|
|
Net income available to common unitholders for basic earnings per unit
|
|
$
|
0.80
|
|
$
|
0.06
|
|
$
|
1.31
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31,
|
|
Computation of Diluted EPU
|
|
|
2018
|
|
|
2017
|
|
|
2016
|
|
Net income available to common unitholders for diluted earnings per unit
|
|
$
|
80,917
|
|
$
|
5,871
|
|
$
|
130,945
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common unit
|
|
|
100,724
|
|
|
100,703
|
|
|
100,498
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted EPU:
|
|
|
|
|
|
|
|
|
|
|
Net income available to common unitholders
|
|
$
|
0.80
|
|
$
|
0.06
|
|
$
|
1.30
|
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):
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31,
|
|
|
|
2018
|
|
2017
|
|
|
2016
|
|
Basic EPU units
|
|
100,634
|
|
100,410
|
|
|
100,245
|
|
Add: Restricted Stock Awards
|
|
-
|
|
40
|
|
|
43
|
|
Stock Options
|
|
90
|
|
253
|
|
|
210
|
|
Diluted EPU Units
|
|
100,724
|
|
100,703
|
|
|
100,498
|
|