Quarterly report pursuant to Section 13 or 15(d)

Earnings per Common Share (Tables)

v2.4.1.9
Earnings per Common Share (Tables)
3 Months Ended
Mar. 31, 2015
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, 2015 and 2014 were as follows (in thousands, except per share data):
 
Three Months Ended March 31,
 
2015
 
2014
Numerator:
 
 
 
Income (loss) from continuing operations
$
29,398

 
$
(2,265
)
Net loss attributable to noncontrolling interests
108

 

Allocation of earnings to unvested restricted share awards
(108
)
 
(10
)
Adjusted income (loss) from continuing operations attributable to the controlling interests
29,398

 
(2,275
)
Income from discontinued operations, including gain on sale of real estate, net of taxes

 
106,819

Allocation of earnings to unvested restricted share awards

 
(285
)
Adjusted income from discontinuing operations attributable to the controlling interests

 
106,534

Adjusted net income attributable to the controlling interests
$
29,398

 
$
104,259

Denominator:
 
 
 
Weighted average shares outstanding – basic
68,141

 
66,701

Effect of dilutive securities:
 
 
 
Employee restricted share awards
50

 

Weighted average shares outstanding – diluted
68,191

 
66,701

Earnings per common share, basic:
 
 
 
Continuing operations
$
0.43

 
$
(0.04
)
Discontinued operations

 
1.60

 
$
0.43

 
$
1.56

Earnings per common share, diluted:

 

Continuing operations
$
0.43

 
$
(0.04
)
Discontinued operations

 
1.60

 
$
0.43

 
$
1.56