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Mack-Cali Realty Corporation Stockholders' Equity (Tables)
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12 Months Ended |
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Dec. 31, 2013
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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 $(000’s)
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Outstanding at January 1, 2011
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295,676
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$
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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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28.27
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Lapsed or Cancelled
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(4,000)
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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
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183,870
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$
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29.51
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-
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Lapsed or Cancelled
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(168,870)
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28.53
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Outstanding at December 31, 2013 ($35.59 – $45.47)
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15,000
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$
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40.54
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-
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Options exercisable at December 31, 2013
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15,000
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Available for grant at December 31, 2013
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4,499,298
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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, 2011
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239,759
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$
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35.90
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Granted (a)
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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 (b)
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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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Granted (c) (d)
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168,841
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23.99
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Vested
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(149,463)
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29.63
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Forfeited
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(146)
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26.36
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Outstanding at December 31, 2013 (d)
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153,560
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$
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25.20
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(a)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.
(b)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.
(c)Included in the 168,841 Restricted Stock Awards granted in 2013 were 106,933 awards granted to the Company’s four executive officers, Mitchell E. Hersh, Barry Lefkowitz, Roger W. Thomas and Anthony Krug.
(d)Includes 63,933 Performance Shares which were granted in 2013 for which the performance goals were not met.
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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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2013
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2012
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2011
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Income (loss) from continuing operations
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$
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(89,686)
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$
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37,566
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$
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59,499
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Add: Noncontrolling interest in consolidated joint ventures
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2,199
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330
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402
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Deduct: Noncontrolling interest in Operating Partnership
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10,459
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(4,619)
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(7,532)
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Deduct: Preferred stock dividends
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-
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-
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(1,736)
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Income (loss) from continuing operations available to common shareholders
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(77,028)
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33,277
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50,633
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Income from discontinued operations available to common
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shareholders
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62,119
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7,645
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19,051
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Net income (loss) available to common shareholders
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$
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(14,909)
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$
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40,922
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$
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69,684
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Weighted average common shares
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87,762
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87,742
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86,047
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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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(0.88)
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$
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0.38
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$
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0.59
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Income from discontinued operations available to common
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shareholders
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0.71
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0.09
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0.22
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Net income (loss) available to common shareholders
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$
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(0.17)
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$
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0.47
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$
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0.81
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Year Ended December 31,
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Computation of Diluted EPS
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2013
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2012
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2011
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Income (loss) from continuing operations available to common shareholders
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$
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(77,028)
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$
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33,277
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$
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50,633
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Add: Noncontrolling interest in Operating Partnership
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(10,459)
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4,619
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7,532
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Income (loss) from continuing operations for diluted earnings per share
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(87,487)
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37,896
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58,165
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Income from discontinued operations for diluted earnings
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per share
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70,628
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8,703
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21,888
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Net income (loss) available to common shareholders
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$
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(16,859)
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$
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46,599
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$
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80,053
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Weighted average common shares
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99,785
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99,996
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98,962
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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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(0.88)
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$
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0.38
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$
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0.59
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Income from discontinued operations available to common
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shareholders
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0.71
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0.09
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0.22
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Net income (loss) available to common shareholders
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$
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(0.17)
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$
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0.47
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$
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0.81
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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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Year Ended December 31,
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2013
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2012
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2011
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Basic EPS shares
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87,762
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87,742
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86,047
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Add: Operating Partnership – common units
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12,023
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12,180
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12,808
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Stock Options
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-
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18
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Restricted Stock Awards
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-
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74
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89
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Diluted EPS Shares
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99,785
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99,996
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98,962
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