Annual report pursuant to Section 13 and 15(d)

Earnings Per Common Share (Tables)

v2.4.0.8
Earnings Per Common Share (Tables)
12 Months Ended
Dec. 31, 2013
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, 2013 was as follows (in thousands; except per share data):
 
Year Ended December 31,
 
2013
 
2012
 
2011
Numerator:
 
 
 
 
 
(Loss) income from continuing operations
$
(193
)
 
$
7,768

 
$
(14,389
)
Allocation of undistributed earnings to unvested restricted share awards and units to continuing operations

 
(191
)
 

Adjusted (loss) income from continuing operations attributable to the controlling interests
(193
)
 
7,577

 
(14,389
)
Income from discontinued operations, including gain on sale of real estate, net of taxes
37,539

 
15,940

 
119,767

Net income attributable to noncontrolling interests

 

 
(494
)
Allocation of undistributed earnings to unvested restricted share awards and units to discontinued operations
(415
)
 
(391
)
 
(712
)
Adjusted income from discontinued operations attributable to the controlling interests
37,124

 
15,549

 
118,561

Adjusted net income attributable to the controlling interests
$
36,931

 
$
23,126

 
$
104,172

Denominator:
 
 
 
 
 
Weighted average shares outstanding – basic
66,580

 
66,239

 
65,982

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

 
137

 

Weighted average shares outstanding – diluted
66,580

 
66,376

 
65,982

 
 
 
 
 
 
Earnings per common share, basic:
 
 
 
 
 
Continuing operations
$

 
$
0.11

 
$
(0.22
)
Discontinued operations
0.55

 
0.24

 
1.80

 
$
0.55

 
$
0.35

 
$
1.58

Earnings per common share, diluted:
 
 
 
 
 
Continuing operations
$

 
$
0.11

 
$
(0.22
)
Discontinued operations
0.55

 
0.24

 
1.80

 
$
0.55

 
$
0.35

 
$
1.58