| 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 $(000’s)
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Outstanding at January 1, 2013
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183,870
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$
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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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$
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28.53
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Outstanding at June 30, 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 June 30, 2013
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15,000
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Available for grant at June 30, 2013
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4,600,000
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| Schedule Of Basic And Diluted Earnings Per Share |
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Three Months Ended
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June 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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(12,086)
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$
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10,214
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Add: Noncontrolling interest in consolidated joint ventures
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62
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92
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Deduct: Noncontrolling interest in Operating Partnership
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1,455
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(1,256)
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Income (loss) from continuing operations available to common shareholders
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(10,569)
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9,050
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Income from discontinued operations available to common
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shareholders
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33,640
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1,051
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Net income available to common shareholders
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$
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23,071
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$
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10,101
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Weighted average common shares
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87,708
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87,817
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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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(0.12)
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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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0.38
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0.01
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Net income available to common shareholders
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$
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0.26
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$
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0.11
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Three Months Ended
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June 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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(10,569)
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$
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9,050
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Add: Noncontrolling interest in Operating Partnership
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(1,455)
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1,256
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Income (loss) from continuing operations for diluted earnings per share
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(12,024)
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10,306
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Income from discontinued operations for diluted earnings
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per share
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38,270
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1,197
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Net income available to common shareholders
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$
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26,246
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$
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11,503
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Weighted average common shares
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99,780
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100,069
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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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(0.12)
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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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0.38
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0.01
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Net income available to common shareholders
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$
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0.26
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$
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0.11
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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 June 30, 2013.
The following information presents the Company’s results for the six months ended June 30, 2013 and 2012 in accordance with ASC 260, Earnings Per Share: (in thousands, except per share amounts)
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Six Months Ended
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June 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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(919)
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$
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33,380
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Add: Noncontrolling interest in consolidated joint ventures
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124
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171
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Deduct: Noncontrolling interest in Operating Partnership
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93
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(4,090)
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Income (loss) from continuing operations available to common shareholders
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(702)
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29,461
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Income from discontinued operations available to common
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shareholders
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35,329
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6,407
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Net income available to common shareholders
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$
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34,627
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$
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35,868
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Weighted average common shares
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87,688
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87,808
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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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(0.01)
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$
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0.34
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Income from discontinued operations available to common
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shareholders
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0.40
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0.07
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Net income available to common shareholders
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$
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0.39
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$
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0.41
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Six Months Ended
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June 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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(702)
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$
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29,461
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Add: Noncontrolling interest in Operating Partnership
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(93)
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4,090
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Income (loss) from continuing operations for diluted earnings per share
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(795)
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33,551
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Income from discontinued operations for diluted earnings
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per share
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40,192
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7,298
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Net income available to common shareholders
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$
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39,397
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$
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40,849
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Weighted average common shares
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99,773
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100,065
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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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(0.01)
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$
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0.34
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Income from discontinued operations available to common
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shareholders
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0.40
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0.07
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Net income available to common shareholders
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$
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0.39
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$
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0.41
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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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Six Months Ended
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June 30,
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June 30,
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2013
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2012
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2013
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2012
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Basic EPS shares
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87,708
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87,817
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87,688
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87,808
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Add: Operating Partnership – common units
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12,072
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12,183
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12,085
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12,188
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Restricted Stock Awards
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-
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69
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-
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69
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Diluted EPS Shares
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99,780
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100,069
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99,773
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100,065
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