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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2012
Earnings Per Share [Abstract]  
Computation Of Basic And Diluted Earnings Per Share
The following table summarizes the Company’s computation of basic and diluted earnings per share (EPS) for the three months ended June 30, 2012 and 2011 (amounts in thousands except per share information):
 
Three Months Ended June 30, 2012
 
Six Months Ended June 30, 2012
 
Income
(numerator)
 
Shares
(denominator)
 
Per Share
Amount
 
Income
(numerator)
 
Shares
(denominator)
 
Per Share
Amount
Basic EPS:
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
$
36,439

 
 
 
 
 
$
62,433

 
 
 
 
Less: preferred dividend requirements
(6,002
)
 
 
 
 
 
(12,003
)
 
 
 
 
Noncontrolling interest adjustments
(19
)
 
 
 
 
 
(37
)
 
 
 
 
Income from continuing operations available to common shareholders
$
30,418

 
46,826

 
$
0.65

 
$
50,393

 
46,751

 
$
1.08

Income (loss) from discontinued operations available to common shareholders
$
379

 
46,826

 
$
0.01

 
$
(4,225
)
 
46,751

 
$
(0.09
)
Net income available to common shareholders
$
30,797

 
46,826

 
$
0.66

 
$
46,168

 
46,751

 
$
0.99

Diluted EPS:
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations available to common shareholders
$
30,418

 
46,826

 
 
 
$
50,393

 
46,751

 

Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
Share options

 
242

 
 
 

 
255

 
 
Income from continuing operations available to common shareholders
$
30,418

 
47,068

 
$
0.64

 
$
50,393

 
47,006

 
$
1.07

Income (loss) from discontinued operations available to common shareholders
$
379

 
47,068

 
$
0.01

 
$
(4,225
)
 
47,006

 
$
(0.09
)
Net income available to common shareholders
$
30,797

 
47,068

 
$
0.65

 
$
46,168

 
47,006

 
$
0.98




 
Three Months Ended June 30, 2011
 
Six Months Ended June 30, 2011
 
Income
(numerator)
 
Shares
(denominator)
 
Per Share
Amount
 
Income
(numerator)
 
Shares
(denominator)
 
Per Share
Amount
Basic EPS:
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
$
9,394

 
 
 
 
 
$
34,583

 
 
 
 
Less: preferred dividend requirements
(7,551
)
 
 
 
 
 
(15,103
)
 
 
 
 
Noncontrolling interest adjustments

 
 
 
 
 
(2
)
 
 
 
 
Income from continuing operations available to common shareholders
$
1,843

 
46,648

 
$
0.04

 
$
19,478

 
46,576

 
$
0.42

Income (loss) from discontinued operations available to common shareholders
$
(9,392
)
 
46,648

 
$
(0.20
)
 
$
7,152

 
46,576

 
$
0.15

Net income (loss) available to common shareholders
$
(7,549
)
 
46,648

 
$
(0.16
)
 
$
26,630

 
46,576

 
$
0.57

Diluted EPS:
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations available to common shareholders
$
1,843

 
46,648

 
 
 
$
19,478

 
46,576

 
 
Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
Share options

 
308

 
 
 

 
304

 
 
Income from continuing operations available to common shareholders
$
1,843

 
46,956

 
$
0.04

 
$
19,478

 
46,880

 
$
0.42

Income (loss) from discontinued operations available to common shareholders
$
(9,392
)
 
46,956

 
$
(0.20
)
 
$
7,152

 
46,880

 
$
0.15

Net income (loss) available to common shareholders
$
(7,549
)
 
46,956

 
$
(0.16
)
 
$
26,630

 
46,880

 
$
0.57