Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Common Share (Tables)

v2.3.0.15
Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2011
Earnings Per Common Share [Abstract]  
Computation Of Basic And Diluted Earnings Per Share
     Quarter Ended
September 30,
    Period Ended
September 30,
 
     2011     2010     2011     2010  

Numerator:

        

Income from continuing operations

   $ 2,707      $ 3,093      $ 9,257      $ 7,955   

Allocation of undistributed earnings to unvested restricted share awards and units

     (17     (21     (57     (97
  

 

 

   

 

 

   

 

 

   

 

 

 

Adjusted income from continuing operations attributable to the controlling interests

   $ 2,690      $ 3,072      $ 9,200      $ 7,858   
  

 

 

   

 

 

   

 

 

   

 

 

 

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

     60,329        3,565        65,023        18,989   

Allocation of undistributed earnings to unvested restricted share awards and units

     (368   $ —          (395   $ —     

Net income attributable to noncontrolling interests

     (28     (33     (85     (109
  

 

 

   

 

 

   

 

 

   

 

 

 

Adjusted income from discontinuing operations attributable to the controlling interests

   $ 59,933      $ 3,532      $ 64,543      $ 18,880   
  

 

 

   

 

 

   

 

 

   

 

 

 

Adjusted net income attributable to the controlling interests

   $ 62,623      $ 6,604      $ 73,743      $ 26,738   
  

 

 

   

 

 

   

 

 

   

 

 

 

Denominator:

        

Weighted average shares outstanding – basic

     66,017        62,894        65,953        61,332   

Effect of dilutive securities:

        

Employee stock options and restricted share awards

     47        161        34        128   
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average shares outstanding – diluted

     66,064        63,055        65,987        61,460   
  

 

 

   

 

 

   

 

 

   

 

 

 

Earnings per common share, basic:

        

Continuing operations

   $ 0.04      $ 0.05      $ 0.14      $ 0.13   

Discontinued operations

   $ 0.91      $ 0.06      $ 0.98      $ 0.30   
  

 

 

   

 

 

   

 

 

   

 

 

 
   $ 0.95      $ 0.11      $ 1.12      $ 0.43   
  

 

 

   

 

 

   

 

 

   

 

 

 

Earnings per common share, diluted:

        

Continuing operations

   $ 0.04      $ 0.05      $ 0.14      $ 0.13   

Discontinued operations

   $ 0.91      $ 0.05      $ 0.98      $ 0.30   
  

 

 

   

 

 

   

 

 

   

 

 

 
   $ 0.95      $ 0.10      $ 1.12      $ 0.43