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, 2011
Earnings Per Share [Abstract]  
Computation Of Basic And Diluted Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share (amounts in thousands; except per share data):
 
 
2011
 
2010
 
2009
Numerator:
 
 
 
 
 
 
Income from continuing operations
 
$
(1,128
)
 
$
992

 
$
9,723

Allocation of undistributed earnings to unvested restricted share awards and units to continuing operations
 

 
(4
)
 
(26
)
Adjusted income from continuing operations attributable to the controlling interests
 
(1,128
)
 
988

 
9,697

Income from discontinued operations, including gain on sale of real estate, net of taxes
 
106,506

 
36,567

 
31,225

Net income attributable to noncontrolling interests
 
(494
)
 
(133
)
 
(203
)
Allocation of undistributed earnings to unvested restricted share awards and units to discontinued operations
 
(712
)
 
(140
)
 
(85
)
Adjusted income from discontinued operations attributable to the controlling interests
 
105,300

 
36,294

 
30,937

Adjusted net income attributable to the controlling interests
 
$
104,172

 
$
37,282

 
$
40,634

Denominator:
 
 
 
 
 
 
Weighted average shares outstanding – basic
 
65,982

 
62,140

 
56,894

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

 
124

 
74

Weighted average shares outstanding – diluted
 
65,982

 
62,264

 
56,968

 
 
 
 
 
 
 
Earnings per common share, basic:
 
 
 
 
 
 
Continuing operations
 
$
(0.02
)
 
$
0.02

 
$
0.17

Discontinued operations
 
$
1.60

 
$
0.58

 
$
0.54

 
 
$
1.58

 
$
0.60

 
$
0.71

Earnings per common share, diluted:
 
 
 
 
 
 
Continuing operations
 
$
(0.02
)
 
$
0.02

 
$
0.17

Discontinued operations
 
$
1.60

 
$
0.58

 
$
0.54

 
 
$
1.58

 
$
0.60

 
$
0.71