Quarterly report pursuant to Section 13 or 15(d)

Earnings per Common Share (Tables)

 v2.3.0.11
Earnings per Common Share (Tables)
6 Months Ended
Jun. 30, 2011
Earnings per Common Share  
Computation of Basic and Diluted Earnings per Share
     Quarters Ended
June 30,
    Periods Ended June 30,  
     2011     2010     2011     2010  

Numerator:

        

Income from continuing operations

   $ 7,739      $ 6,094      $ 12,885      $ 10,460   

Less: Net income attributable to noncontrolling interests

     (34     (27     (57     (76

Allocation of undistributed earnings to unvested restricted share awards and units

     (38     (50     (83     (77
  

 

 

   

 

 

   

 

 

   

 

 

 

Adjusted income from continuing operations attributable to the controlling interests

     7,667        6,017        12,745        10,307   

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

     (1,183     8,927        (1,641     9,826   
  

 

 

   

 

 

   

 

 

   

 

 

 

Adjusted net income attributable to the controlling interests

   $ 6,484      $ 14,944      $ 11,104      $ 20,133   
  

 

 

   

 

 

   

 

 

   

 

 

 

Denominator:

        

Weighted average shares outstanding – basic

     65,954        61,171        65,920        60,538   

Effect of dilutive securities:

        

Employee stock options and restricted share awards

     35        116        28        111   
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average shares outstanding – diluted

     65,989        61,287        65,948        60,649   
  

 

 

   

 

 

   

 

 

   

 

 

 

Earnings per common share, basic:

        

Continuing operations

   $ 0.12      $ 0.10      $ 0.19      $ 0.17   

Discontinued operations

   ($ 0.02   $ 0.14      ($ 0.02   $ 0.16   
  

 

 

   

 

 

   

 

 

   

 

 

 
   $ 0.10      $ 0.24      $ 0.17      $ 0.33   
  

 

 

   

 

 

   

 

 

   

 

 

 

Earnings per common share, diluted:

        

Continuing operations

   $ 0.12      $ 0.10      $ 0.19      $ 0.17   

Discontinued operations

   ($ 0.02   $ 0.14      ($ 0.02   $ 0.16   
  

 

 

   

 

 

   

 

 

   

 

 

 
   $ 0.10      $ 0.24      $ 0.17      $ 0.33