Quarterly report pursuant to Section 13 or 15(d)

Earnings per Common Share (Tables)

v2.4.0.6
Earnings per Common Share (Tables)
6 Months Ended
Jun. 30, 2012
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings per Share
The following tables set forth the computation of basic and diluted earnings per share (amounts in thousands; except per share data):
 
Quarter Ended June 30,
 
Period Ended June 30,
 
2012
 
2011
 
2012
 
2011
Numerator:
 
 
 
 
 
 
 
Income from continuing operations
$
6,008

 
$
4,431

 
$
11,189

 
$
6,550

Allocation of undistributed earnings to unvested restricted share awards
(176
)
 
(26
)
 
(363
)
 
(49
)
Adjusted income from continuing operations attributable to the controlling interests
5,832

 
4,405

 
$
10,826

 
$
6,501

Income from discontinued operations, including gain on sale of real estate, net of taxes

 
2,125

 

 
4,694

Net income attributable to noncontrolling interests

 
(34
)
 

 
$
(57
)
Allocation of undistributed earnings to unvested restricted share awards

 
(12
)
 

 
(34
)
Adjusted income from discontinuing operations attributable to the controlling interests

 
2,079

 
$

 
$
4,603

Adjusted net income attributable to the controlling interests
$
5,832

 
$
6,484

 
$
10,826

 
$
11,104

Denominator:
 
 
 
 

 

Weighted average shares outstanding – basic
66,241

 
65,954

 
66,218

 
65,920

Effect of dilutive securities:
 
 
 
 
 
 
 
Operating partnership units
117

 

 
117

 

Employee stock options and restricted share awards
22

 
35

 
19

 
28

Weighted average shares outstanding – diluted
66,380

 
65,989

 
66,354

 
65,948

Earnings per common share, basic:
 
 
 
 

 

Continuing operations
$
0.09

 
$
0.07

 
$
0.16

 
$
0.10

Discontinued operations
$

 
$
0.03

 
$

 
$
0.07

 
$
0.09

 
$
0.10

 
$
0.16

 
$
0.17

Earnings per common share, diluted:

 

 

 

Continuing operations
$
0.09

 
$
0.07

 
$
0.16

 
$
0.10

Discontinued operations
$

 
$
0.03

 
$

 
$
0.07

 
$
0.09

 
$
0.10

 
$
0.16

 
$
0.17