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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Reconciliation Of Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

 

 

 

2013

 

 

2012

 

 

2013

 

 

2012

 

NUMERATOR:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and Diluted*

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from Continuing Operations

 

$
5,831 

 

$
3,139 

 

$
17,560 

 

$
1,309 

 

Loss from Continuing Operations allocated to Noncontrolling Interests

 

 
46 

 

 
376 

 

 
462 

 

 
753 

 

Distributions to Preferred Shareholders

 

 
(3,589)

 

 
(3,500)

 

 
(11,022)

 

 
(10,500)

 

Dividends Paid on Unvested Restricted Shares

 

 
(228)

 

 
(130)

 

 
(697)

 

 
(344)

 

Extinguishment of Issuance Costs Upon Redemption of Series A Preferred Stock

 

 

 -

 

 

 -

 

 
(2,250)

 

 

 -

 

Income (Loss) from Continuing Operations attributable to Common Shareholders

 

 
2,060 

 

 
(115)

 

 
4,053 

 

 
(8,782)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Discontinued Operations

 

 

 

 

 

 

 

 

 

 

 

 

 

(Loss) Income from Discontinued Operations

 

 
(3,532)

 

 
2,755 

 

 
(4,851)

 

 
14,060 

 

Loss (Income) from Discontinued Operations allocated to Noncontrolling Interests

 

 
118 

 

 
(97)

 

 
166 

 

 
(530)

 

(Loss) Income from Discontinued Operations attributable to Common Shareholders

 

 
(3,414)

 

 
2,658 

 

 
(4,685)

 

 
13,530 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (Loss) Income attributable to Common Shareholders

 

$
(1,354)

 

$
2,543 

 

$
(632)

 

$
4,748 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DENOMINATOR:

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of common shares - basic

 

 
198,878,496 

 

 
196,360,325 

 

 
198,186,963 

 

 
184,394,561 

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Restricted Stock Awards

 

 
2,498,237 

 

 

 -

 

 
2,027,128 

 

 

 -

*

Contingently Issued Shares

 

 
267,900 

 

 

 -

 

 
1,273,997 

 

 

 -

*

Option to acquire common shares

 

 

 -

 

 

 -

 

 

 -

 

 

 -

*

Weighted average number of common shares - diluted

 

 
201,644,633 

 

 
196,360,325 

 

 
201,488,088 

 

 
184,394,561 

 

 

 

*Income (loss) allocated to noncontrolling interest in Hersha Hospitality Limited Partnership has been excluded from the numerator and units of limited partnership interest in Hersha Hospitality Limited Partnership have been omitted from the denominator for the purpose of computing diluted earnings per share since the effect of including these amounts in the numerator and denominator would have no impact.  In addition, potentially dilutive common shares, if any, have been excluded from the denominator if they are anti-dilutive to income (loss) from continuing operations applicable to common shareholders.

Potentially Dilutive Shares Excluded From The Denominator For The Purpose Of Computing Diluted Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

 

2013

 

2012

 

2013

 

2012

 

 

 

 

 

 

 

 

 

Common Units of Limited Partnership Interest

 
6,914,716 

 
7,172,832 

 
6,986,004 

 
7,231,104 

Unvested Stock Awards Outstanding

 

 -

 
687,551 

 

 -

 
308,654 

Contingently Issuable Share Awards

 

 -

 
2,345,079 

 

 -

 
2,364,550 

Options to Acquire Common Shares Outstanding

 

 -

 

 -

 

 -

 
368,111 

Total potentially dilutive securities
excluded from the denominator

 
6,914,716 

 
10,205,462 

 
6,986,004 

 
10,272,419