Quarterly report pursuant to Section 13 or 15(d)

Earnings per Common Share (Tables)

v2.4.0.6
Earnings per Common Share (Tables)
3 Months Ended
Mar. 31, 2013
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings per Share
The computations of basic and diluted earnings per share for the three months ended March 31, 2013 and 2012 were as follows(in thousands; except per share data):
 
Three Months Ended March 31,
 
2013
 
2012
Numerator:
 
 
 
Income from continuing operations
$
3,955

 
$
4,834

Allocation of undistributed earnings to unvested restricted share awards
(65
)
 
(175
)
Adjusted income from continuing operations attributable to the controlling interests
3,890

 
4,659

Income from discontinued operations, including gain on sale of real estate, net of taxes
3,380

 
347

Allocation of undistributed earnings to unvested restricted share awards
(55
)
 
(13
)
Adjusted income from discontinuing operations attributable to the controlling interests
3,325

 
334

Adjusted net income attributable to the controlling interests
$
7,215

 
$
4,993

Denominator:
 
 
 
Weighted average shares outstanding – basic
66,393

 
66,194

Effect of dilutive securities:
 
 
 
Operating partnership units
117

 
117

Employee stock options and restricted share awards
9

 
17

Weighted average shares outstanding – diluted
66,519

 
66,328

Earnings per common share, basic:
 
 
 
Continuing operations
$
0.06

 
$
0.07

Discontinued operations
0.05

 
0.01

 
$
0.11

 
$
0.08

Earnings per common share, diluted:

 

Continuing operations
$
0.06

 
$
0.07

Discontinued operations
0.05

 
0.01

 
$
0.11

 
$
0.08