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Earnings Per Share (Tables)
9 Months Ended
Sep. 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 and nine months ended September 30, 2012 and 2011 (amounts in thousands except per share information):
 
Three Months Ended September 30, 2012
 
Nine Months Ended September 30, 2012
 
Income
(numerator)
 
Shares
(denominator)
 
Per Share
Amount
 
Income
(numerator)
 
Shares
(denominator)
 
Per Share
Amount
Basic EPS:
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
$
34,210

 
 
 
 
 
$
96,643

 
 
 
 
Less: preferred dividend requirements
(6,002
)
 
 
 
 
 
(18,005
)
 
 
 
 
Noncontrolling interest adjustments
(24
)
 
 
 
 
 
(61
)
 
 
 
 
Income from continuing operations available to common shareholders
$
28,184

 
46,840

 
$
0.60

 
$
78,577

 
46,781

 
$
1.68

Loss from discontinued operations available to common shareholders
$
(35
)
 
46,840

 
$

 
$
(4,260
)
 
46,781

 
$
(0.09
)
Net income available to common shareholders
$
28,149

 
46,840

 
$
0.60

 
$
74,317

 
46,781

 
$
1.59

Diluted EPS:
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations available to common shareholders
$
28,184

 
46,840

 
 
 
$
78,577

 
46,781

 

Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
Share options

 
250

 
 
 

 
254

 
 
Income from continuing operations available to common shareholders
$
28,184

 
47,090

 
$
0.60

 
$
78,577

 
47,035

 
$
1.67

Loss from discontinued operations available to common shareholders
$
(35
)
 
47,090

 
$

 
$
(4,260
)
 
47,035

 
$
(0.09
)
Net income available to common shareholders
$
28,149

 
47,090

 
$
0.60

 
$
74,317

 
47,035

 
$
1.58




 
Three Months Ended September 30, 2011
 
Nine Months Ended September 30, 2011
 
Income
(numerator)
 
Shares
(denominator)
 
Per Share
Amount
 
Income
(numerator)
 
Shares
(denominator)
 
Per Share
Amount
Basic EPS:
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
$
35,626

 
 
 
 
 
$
70,210

 
 
 
 
Less: preferred dividend requirements and redemption costs
(9,803
)
 
 
 
 
 
(24,907
)
 
 
 
 
Noncontrolling interest adjustments
(11
)
 
 
 
 
 
(13
)
 
 
 
 
Income from continuing operations available to common shareholders
$
25,812

 
46,680

 
$
0.55

 
$
45,290

 
46,611

 
$
0.97

Income (loss) from discontinued operations available to common shareholders
$
(63
)
 
46,680

 
$

 
$
7,089

 
46,611

 
$
0.15

Net income available to common shareholders
$
25,749

 
46,680

 
$
0.55

 
$
52,379

 
46,611

 
$
1.12

Diluted EPS:
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations available to common shareholders
$
25,812

 
46,680

 
 
 
$
45,290

 
46,611

 
 
Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
Share options

 
238

 
 
 

 
263

 
 
Income from continuing operations available to common shareholders
$
25,812

 
46,918

 
$
0.55

 
$
45,290

 
46,874

 
$
0.97

Income (loss) from discontinued operations available to common shareholders
$
(63
)
 
46,918

 
$

 
$
7,089

 
46,874

 
$
0.15

Net income available to common shareholders
$
25,749

 
46,918

 
$
0.55

 
$
52,379

 
46,874

 
$
1.12