| Schedule Of Basic And Diluted Earnings Per Share |
The following information presents the Company’s results for the three months ended September 30, 2013 and 2012 in accordance with ASC 260, Earnings Per Share: (in thousands, except per share amounts)
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Three Months Ended
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September 30,
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Computation of Basic EPS
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2013
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2012
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Income (loss) from continuing operations
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$
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(46,046)
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$
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9,827
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Add: Noncontrolling interest in consolidated joint ventures
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1,838
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85
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Deduct: Noncontrolling interest in Operating Partnership
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5,314
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(1,207)
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Income (loss) from continuing operations available to common shareholders
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(38,894)
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8,705
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Income from discontinued operations available to common
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shareholders
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43,537
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5,576
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Net income available to common shareholders
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$
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4,643
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$
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14,281
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Weighted average common shares
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87,793
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87,826
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Basic EPS:
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Income (loss) from continuing operations available to common shareholders
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$
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(0.44)
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$
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0.10
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Income from discontinued operations available to common
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shareholders
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0.49
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0.06
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Net income available to common shareholders
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$
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0.05
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$
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0.16
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Three Months Ended
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September 30,
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Computation of Diluted EPS
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2013
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2012
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Income (loss) from continuing operations available to common shareholders
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$
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(38,894)
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$
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8,705
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Add: Noncontrolling interest in Operating Partnership
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(5,314)
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1,207
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Income (loss) from continuing operations for diluted earnings per share
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(44,208)
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9,912
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Income from discontinued operations for diluted earnings
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per share
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49,485
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6,349
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Net income available to common shareholders
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$
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5,277
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$
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16,261
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Weighted average common shares
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99,787
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100,075
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Diluted EPS:
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Income (loss) from continuing operations available to common shareholders
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$
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(0.44)
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$
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0.10
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Income from discontinued operations available to common
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shareholders
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0.49
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0.06
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Net income available to common shareholders
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$
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0.05
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$
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0.16
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Contingently issuable shares under the TSR Award plan were excluded from the denominator in 2013 because the criteria had not been met as of September 30, 2013.
The following information presents the Company’s results for the nine months ended September 30, 2013 and 2012 in accordance with ASC 260, Earnings Per Share: (in thousands, except per share amounts)
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Nine Months Ended
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September 30,
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Computation of Basic EPS
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2013
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2012
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Income (loss) from continuing operations
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$
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(29,506)
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$
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37,018
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Add: Noncontrolling interest in consolidated joint ventures
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1,962
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|
256
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Deduct: Noncontrolling interest in Operating Partnership
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3,295
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(4,543)
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Income (loss) from continuing operations available to common shareholders
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(24,249)
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32,731
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Income from discontinued operations available to common
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shareholders
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63,519
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17,418
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Net income available to common shareholders
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$
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39,270
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$
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50,149
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Weighted average common shares
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87,724
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87,814
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Basic EPS:
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Income (loss) from continuing operations available to common shareholders
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$
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(0.28)
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$
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0.37
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Income from discontinued operations available to common
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shareholders
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0.73
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0.20
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Net income available to common shareholders
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$
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0.45
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$
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0.57
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Nine Months Ended
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September 30,
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Computation of Diluted EPS
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2013
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2012
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Income (loss) from continuing operations available to common shareholders
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$
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(24,249)
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$
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32,731
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Add: Noncontrolling interest in Operating Partnership
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(3,295)
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4,543
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Income (loss) from continuing operations for diluted earnings per share
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(27,544)
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37,274
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Income from discontinued operations for diluted earnings
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per share
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72,218
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19,836
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Net income available to common shareholders
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$
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44,674
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$
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57,110
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Weighted average common shares
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99,778
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100,071
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Diluted EPS:
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Income (loss) from continuing operations available to common shareholders
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$
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(0.28)
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$
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0.37
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Income from discontinued operations available to common
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|
|
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shareholders
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0.73
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0.20
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Net income available to common shareholders
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$
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0.45
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$
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0.57
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The following schedule reconciles the 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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Nine Months Ended
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September 30,
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September 30,
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2013
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2012
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2013
|
2012
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Basic EPS shares
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87,793
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87,826
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87,724
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87,814
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Add: Operating Partnership – common units
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11,994
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12,177
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12,054
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12,184
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Restricted Stock Awards
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-
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72
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-
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73
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Diluted EPS Shares
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99,787
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100,075
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99,778
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100,071
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