Annual report pursuant to Section 13 and 15(d)

Earnings Per Common Share (Tables)

v2.4.0.6
Earnings Per Common Share (Tables)
12 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
Computation Of Basic And Diluted Earnings Per Share
The computation of basic and diluted earnings per share for the three years ended December 31, 2012 was as follows (in thousands; except per share data):
 
Year Ended December 31,
 
2012
 
2011
 
2010
Numerator:
 
 
 
 
 
Income (loss) from continuing operations
$
17,099

 
$
(2,898
)
 
$
(609
)
Allocation of undistributed earnings to unvested restricted share awards and units to continuing operations
(451
)
 

 

Adjusted income (loss) from continuing operations attributable to the controlling interests
16,648

 
(2,898
)
 
(609
)
Income from discontinued operations, including gain on sale of real estate, net of taxes
6,609

 
108,276

 
38,168

Net income attributable to noncontrolling interests

 
(494
)
 
(133
)
Allocation of undistributed earnings to unvested restricted share awards and units to discontinued operations
(131
)
 
(712
)
 
(144
)
Adjusted income from discontinued operations attributable to the controlling interests
6,478

 
107,070

 
37,891

Adjusted net income attributable to the controlling interests
$
23,126

 
$
104,172

 
$
37,282

Denominator:
 
 
 
 
 
Weighted average shares outstanding – basic
66,239

 
65,982

 
62,140

Effect of dilutive securities:
 
 
 
 
 
Employee stock options and restricted share awards
137

 

 

Weighted average shares outstanding – diluted
66,376

 
65,982

 
62,140

 
 
 
 
 
 
Earnings per common share, basic:
 
 
 
 
 
Continuing operations
$
0.25

 
$
(0.04
)
 
$
(0.01
)
Discontinued operations
0.10

 
1.62

 
0.61

 
$
0.35

 
$
1.58

 
$
0.60

Earnings per common share, diluted:
 
 
 
 
 
Continuing operations
$
0.25

 
$
(0.04
)
 
$
(0.01
)
Discontinued operations
0.10

 
1.62

 
0.61

 
$
0.35

 
$
1.58

 
$
0.60