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Mack-Cali Realty Corporation Stockholders' Equity (Tables)
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12 Months Ended |
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Dec. 31, 2012
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| Mack-Cali Realty Corporation Stockholders' Equity [Abstract] |
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| Schedule Of Stock Option Plans |
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Shares Under Options
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Weighted Average Exercise Price
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Aggregate Intrinsic Value $(000’s)
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Outstanding at January 1, 2010
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352,184
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$
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28.74
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-
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Exercised
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(55,508)
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$
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27.10
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Lapsed or Cancelled
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(1,000)
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$
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26.75
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Outstanding at December 31, 2010 ($26.31 – $45.47)
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295,676
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$
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29.05
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$
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1,186
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Exercised
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(107,806)
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$
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28.27
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Lapsed or Cancelled
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(4,000)
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$
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28.80
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Outstanding at December 31, 2011 ($28.47 – $45.47)
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183,870
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$
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29.51
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-
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Exercised/Cancelled
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-
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-
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Outstanding at December 31, 2012 ($28.47 – $45.47)
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183,870
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$
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29.51
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-
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Options exercisable at December 31, 2011
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183,870
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-
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Options exercisable at December 31, 2012
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183,870
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Available for grant at December 31, 2011
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2,343,337
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Available for grant at December 31, 2012
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2,276,395
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(1)
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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, 2010
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323,088
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$
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36.58
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Granted (a)
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111,127
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32.10
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Vested
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(170,978)
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34.74
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Forfeited
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(23,478)
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35.70
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Outstanding at December 31, 2010
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239,759
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35.90
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Granted (b)
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81,736
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25.38
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Vested
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(134,048)
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32.39
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Outstanding at December 31, 2011
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187,447
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33.82
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Granted (c)
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70,758
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25.28
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Vested
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(123,877)
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31.30
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Outstanding at December 31, 2012
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134,328
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$
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31.65
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(a) Included in the 111,127 Restricted Stock Awards granted in 2010 were 51,970 awards granted to the Company’s five executive officers, Mitchell E. Hersh, Barry Lefkowitz, Roger W. Thomas, Michael Grossman and Mark Yeager.
(b) Included in the 81,736 Restricted Stock Awards granted in 2011 were 51,970 awards granted to the Company’s four executive officers, Mitchell E. Hersh, Barry Lefkowitz, Roger W. Thomas and Michael Grossman.
(c) Included in the 70,758 Restricted Stock Awards granted in 2012 were 42,273 awards granted to the Company’s three executive officers, Mitchell E. Hersh, Barry Lefkowitz and Roger W. Thomas.
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| Schedule Of Basic And Diluted Earnings Per Share |
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Year Ended December 31,
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Computation of Basic EPS
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2012
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2011
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2010
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Income from continuing operations
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$
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46,281
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$
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77,802
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$
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65,671
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Add: Noncontrolling interest in consolidated joint ventures
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330
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402
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262
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Deduct: Noncontrolling interest in Operating Partnership
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(5,679)
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(9,908)
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(9,102)
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Deduct: Preferred stock dividends
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-
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(1,736)
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(2,000)
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Income from continuing operations available to common shareholders
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40,932
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66,560
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54,831
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Income (loss) from discontinued operations available to common
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shareholders
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(10)
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3,124
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(1,931)
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Net income available to common shareholders
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$
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40,922
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$
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69,684
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$
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52,900
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Weighted average common shares
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87,742
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86,047
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79,224
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Basic EPS:
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Income from continuing operations available to common shareholders
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$
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0.47
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$
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0.77
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$
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0.69
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Income (loss) from discontinued operations available to common
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shareholders
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-
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0.04
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(0.02)
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Net income available to common shareholders
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$
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0.47
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$
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0.81
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$
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0.67
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Year Ended December 31,
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Computation of Diluted EPS
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2012
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2011
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2010
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Income from continuing operations available to common shareholders
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$
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40,932
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$
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66,560
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$
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54,831
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Add: Noncontrolling interest in Operating Partnership
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5,679
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9,908
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9,102
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Income from continuing operations for diluted earnings per share
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46,611
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76,468
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63,933
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Income (loss) from discontinued operations for diluted earnings
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per share
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(12)
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3,585
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(2,232)
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Net income available to common shareholders
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$
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46,599
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$
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80,053
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$
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61,701
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Weighted average common shares
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99,996
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98,962
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92,477
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Diluted EPS:
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Income from continuing operations available to common shareholders
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$
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0.47
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$
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0.77
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$
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0.69
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Income (loss) from discontinued operations available to common
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shareholders
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-
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0.04
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(0.02)
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Net income available to common shareholders
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$
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0.47
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$
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0.81
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$
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0.67
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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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Year Ended December 31,
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2012
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2011
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2010
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Basic EPS shares
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87,742
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86,047
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79,224
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Add: Operating Partnership – common units
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12,180
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12,808
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13,149
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Stock options
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-
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18
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44
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Restricted Stock Awards
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74
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89
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60
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Diluted EPS Shares
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99,996
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98,962
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92,477
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