Quarterly report pursuant to Section 13 or 15(d)

Earnings per Common Share (Tables)

v3.2.0.727
Earnings per Common Share (Tables)
6 Months Ended
Jun. 30, 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 and six months ended June 30, 2015 and 2014 were as follows (in thousands, except per share data):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2015
 
2014
 
2015
 
2014
Numerator:
 
 
 
 
 
 
 
(Loss) income from continuing operations
$
(2,886
)
 
$
1,368

 
$
26,512

 
$
(897
)
Net loss attributable to noncontrolling interests
340

 
7

 
448

 
7

Allocation of earnings to unvested restricted share awards
(80
)
 
(17
)
 
(165
)
 
38

Adjusted (loss) income from continuing operations attributable to the controlling interests
(2,626
)
 
1,358

 
26,795

 
(852
)
(Loss) income from discontinued operations, including (loss) gain on sale of real estate, net of taxes

 
(288
)
 

 
106,531

Allocation of earnings to unvested restricted share awards

 

 

 
(332
)
Adjusted (loss) income from discontinuing operations attributable to the controlling interests

 
(288
)
 

 
106,199

Adjusted net (loss) income attributable to the controlling interests
$
(2,626
)
 
$
1,070

 
$
26,795

 
$
105,347

Denominator:
 
 
 
 

 

Weighted average shares outstanding – basic
68,176

 
66,732

 
68,159

 
66,718

Effect of dilutive securities:
 
 
 
 
 
 
 
Employee restricted share awards

 
29

 
124

 

Weighted average shares outstanding – diluted
68,176

 
66,761

 
68,283

 
66,718

Net (loss) income per common share, basic:
 
 
 
 
 
 
 
Continuing operations
$
(0.04
)
 
$
0.02

 
$
0.39

 
$
(0.01
)
Discontinued operations

 

 

 
1.59

 
$
(0.04
)
 
$
0.02

 
$
0.39

 
$
1.58

Net (loss) income per common share, diluted:

 

 

 

Continuing operations
$
(0.04
)
 
$
0.02

 
$
0.39

 
$
(0.01
)
Discontinued operations

 

 

 
1.59

 
$
(0.04
)
 
$
0.02

 
$
0.39

 
$
1.58