Annual report pursuant to Section 13 and 15(d)

Earnings Per Common Share (Tables)

v2.4.1.9
Earnings Per Common Share (Tables)
12 Months Ended
Dec. 31, 2014
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, 2014 was as follows (in thousands; except per share data):
 
Year Ended December 31,
 
2014
 
2013
 
2012
Numerator:
 
 
 
 
 
Income (loss) from continuing operations
$
5,070

 
$
(193
)
 
$
7,768

Allocation of undistributed earnings to unvested restricted share awards and units to continuing operations
5

 

 
(191
)
Adjusted income (loss) from continuing operations attributable to the controlling interests
5,075

 
(193
)
 
7,577

Income from discontinued operations, including gain on sale of real estate, net of taxes
106,531

 
37,539

 
15,940

Net income attributable to noncontrolling interests
38

 

 

Allocation of undistributed earnings to unvested restricted share awards and units to discontinued operations
(322
)
 
(415
)
 
(391
)
Adjusted income from discontinued operations attributable to the controlling interests
106,247

 
37,124

 
15,549

Adjusted net income attributable to the controlling interests
$
111,322

 
$
36,931

 
$
23,126

Denominator:
 
 
 
 
 
Weighted average shares outstanding – basic
66,795

 
66,580

 
66,239

Effect of dilutive securities:
 
 
 
 
 
Employee stock options and restricted share awards
42

 

 
137

Weighted average shares outstanding – diluted
66,837

 
66,580

 
66,376

 
 
 
 
 
 
Earnings per common share, basic:
 
 
 
 
 
Continuing operations
$
0.08

 
$

 
$
0.11

Discontinued operations
1.59

 
0.55

 
0.24

 
$
1.67

 
$
0.55

 
$
0.35

Earnings per common share, diluted:
 
 
 
 
 
Continuing operations
$
0.08

 
$

 
$
0.11

Discontinued operations
1.59

 
0.55

 
0.24

 
$
1.67

 
$
0.55

 
$
0.35