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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Reconciliation Of Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

 

2013

 

 

2012

 

 

2011

NUMERATOR:

 

 

 

 

 

 

 

 

 

 

Basic and Diluted*

 

 

 

 

 

 

 

 

 

 

Income from Continuing Operations

 

 

$

20,753 

 

$

7,498 

 

$

100 

Income from Continuing Operations allocated to Noncontrolling Interests

 

 

 

658 

 

 

703 

 

 

658 

Distributions to Preferred Shareholders

 

 

 

(14,611)

 

 

(14,000)

 

 

(10,499)

Dividends Paid on Unvested Restricted Shares

 

 

 

(804)

 

 

(459)

 

 

(229)

Extinguishment of Issuance Costs Upon Redemption of Series A Preferred Stock

 

 

 

(2,250)

 

 

 -

 

 

 -

Income (Loss) from Continuing Operations attributable to Common Shareholders

 

 

 

3,746 

 

 

(6,258)

 

 

(9,970)

 

 

 

 

 

 

 

 

 

 

 

Discontinued Operations

 

 

 

 

 

 

 

 

 

 

Income (Loss) from Discontinued Operations

 

 

 

29,195 

 

 

14,720 

 

 

(27,068)

(Income) Loss from Discontinued Operations allocated to Noncontrolling Interests

 

 

 

(993)

 

 

(545)

 

 

1,076 

Income (Loss) from Discontinued Operations attributable to Common Shareholders

 

 

 

28,202 

 

 

14,175 

 

 

(25,992)

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss) attributable to Common Shareholders

 

 

$

31,948 

 

$

7,917 

 

$

(35,962)

 

 

 

 

 

 

 

 

 

 

 

DENOMINATOR:

 

 

 

 

 

 

 

 

 

 

Weighted average number of common shares - basic

 

 

 

198,390,450 

 

 

187,415,270 

 

 

168,753,382 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

Restricted Stock Awards

 

 

 

2,384,165 

 

 

 -

*

 

 -

Contingently Issued Shares

 

 

 

1,143,562 

 

 

 -

*

 

 -

Weighted average number of common shares - diluted

 

 

 

201,918,177 

 

 

187,415,270 

 

 

168,753,382 

 

 

*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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

2013

 

2012

 

2011

 

 

 

 

 

 

 

 

Common Units of Limited Partnership Interest

 

 

6,968,035 

 

7,208,123 

 

7,295,112 

Unvested Stock Awards Outstanding

 

 

 -

 

433,097 

 

584,216 

Contingently Issuable Share Awards

 

 

 -

 

2,778,545 

 

2,097,456 

Options to Acquire Common Shares Outstanding

 

 

 -

 

275,580 

 

2,360,156 

Total potentially dilutive securities
excluded from the denominator

 

 

6,968,035 

 

10,695,345 

 

12,336,940