| 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 $(000’s)
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Outstanding as January 1, 2012
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183,870
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$
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29.51
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-
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Exercised/Cancelled
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-
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-
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Outstanding at September 30, 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 September 30, 2012
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183,870
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Available for grant at September 30, 2012
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2,347,153
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| Schedule Of Basic And Diluted Earnings Per Share |
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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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2012
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2011
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Income from continuing operations
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$
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15,921
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$
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24,187
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Add: Noncontrolling interest in consolidated joint ventures
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85
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96
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Deduct: Noncontrolling interest in Operating Partnership
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(1,949)
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(3,028)
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Deduct: Preferred stock dividends
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-
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(664)
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Income from continuing operations available to common shareholders
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14,057
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20,591
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Income (loss) from discontinued operations available to common
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shareholders
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224
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(91)
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Net income available to common shareholders
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14,281
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20,500
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Weighted average common shares
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87,826
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87,019
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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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0.16
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$
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0.24
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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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-
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Net income available to common shareholders
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$
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0.16
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$
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0.24
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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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2012
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2011
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Income from continuing operations available to common shareholders
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$
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14,057
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$
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20,591
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Add: Noncontrolling interest in Operating Partnership
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1,949
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3,028
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Income from continuing operations for diluted earnings per share
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16,006
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23,619
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Income (loss) from discontinued operations for diluted earnings
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per share
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255
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(104)
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Net income available to common shareholders
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$
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16,261
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$
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23,515
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Weighted average common shares
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100,075
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99,917
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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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0.16
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$
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0.24
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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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-
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Net income available to common shareholders
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$
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0.16
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$
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0.24
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The following information presents the Company’s results for the nine months ended September 30, 2012 and 2011 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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2012
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2011
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Income from continuing operations
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$
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54,096
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$
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62,724
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Add: Noncontrolling interest in consolidated joint ventures
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256
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308
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Deduct: Noncontrolling interest in Operating Partnership
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(6,624)
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(8,001)
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Deduct: Preferred stock dividends
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-
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(1,664)
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Income from continuing operations available to common shareholders
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47,728
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53,367
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Income (loss) from discontinued operations available to common
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shareholders
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2,421
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195
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Net income available to common shareholders
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$
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50,149
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$
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53,562
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Weighted average common shares
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87,814
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85,649
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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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0.54
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$
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0.63
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Income (loss) from discontinued operations available to common
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shareholders
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0.03
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-
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Net income available to common shareholders
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$
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0.57
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$
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0.63
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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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2012
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2011
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Income from continuing operations available to common shareholders
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$
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47,728
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$
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53,367
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Add: Noncontrolling interest in Operating Partnership
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6,624
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8,001
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Income from continuing operations for diluted earnings per share
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54,352
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61,368
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Income (loss) from discontinued operations for diluted earnings
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per share
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2,758
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225
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Net income available to common shareholders
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$
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57,110
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$
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61,593
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Weighted average common shares
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100,071
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98,631
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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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0.54
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$
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0.62
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Income (loss) from discontinued operations available to common
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shareholders
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0.03
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-
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Net income available to common shareholders
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$
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0.57
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$
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0.62
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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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2012
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2011
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2012
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2011
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Basic EPS shares
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87,826
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87,019
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87,814
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85,649
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Add: Operating Partnership – common units
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12,177
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12,799
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12,184
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12,864
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Stock options
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-
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15
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-
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30
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Restricted Stock Awards
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72
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84
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73
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88
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Diluted EPS Shares
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100,075
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99,917
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100,071
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98,631
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