XML 58 R43.htm IDEA: XBRL DOCUMENT v3.7.0.1
Stockholders' Equity of the Company (Tables)
6 Months Ended
Jun. 30, 2017
Stockholders' Equity Note [Abstract]  
Class of Treasury Stock
In August 2016, our board of directors approved a stock repurchase plan under which we can buy up to $1.0 billion of shares of our common stock. At June 30, 2017, repurchases made under the stock repurchase plans were as follows:
Period
Total number of shares purchased
Average price paid per share
Total number of shares purchased as part of the repurchase plan or programs
Maximum approximate dollar value of shares that may yet be purchased under the plan (in millions)
First quarter 2017
982
$103.89
982
$999.9
Second quarter 2017 (1)
2,447,153
$103.41
2,448,135
$746.8

(1)
Includes 393,496 shares of common stock repurchased by the Company in June 2017 that were settled in July 2017.
Schedule of Earnings Per Share
SL Green's earnings per share for the three and six months ended June 30, 2017 and 2016 are computed as follows (in thousands):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
Numerator
2017
 
2016
 
2017
 
2016
Basic Earnings:
 
 
 
 
 
 
 
Income attributable to SL Green common stockholders
$
8,222

 
$
133,457

 
$
19,573

 
$
156,678

Effect of Dilutive Securities:
 
 
 
 
 
 
 
Redemption of units to common shares
419

 
5,586

 
895

 
6,508

Diluted Earnings:
 
 
 
 
 
 
 
Income attributable to SL Green common stockholders
$
8,641

 
$
139,043

 
$
20,468

 
$
163,186

 
Three Months Ended June 30,
 
Six Months Ended June 30,
Denominator
2017
 
2016
 
2017
 
2016
Basic Shares:
 
 
 
 
 
 
 
Weighted average common stock outstanding
99,900

 
100,134

 
100,268

 
100,093

Effect of Dilutive Securities:
 
 
 
 
 
 
 
Operating Partnership units redeemable for common shares
4,562

 
4,342

 
4,584

 
4,158

Stock-based compensation plans
270

 
316

 
288

 
282

Diluted weighted average common stock outstanding
104,732

 
104,792

 
105,140

 
104,533