Earnings Per Share

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share

NOTE 9 – EARNINGS PER SHARE

The following table is a reconciliation of the income or loss (numerator) and the weighted average shares (denominator) used in the calculation of basic and diluted earnings per common share. The computation of basic and diluted earnings per share is presented below.

	Three Months Ended March 31,
		2014			2013
NUMERATOR:
Basic and Diluted*
Loss from Continuing Operations	$	(5,180)		$	(6,561)
Loss from Continuing Operations allocated to Noncontrolling Interests		462			634
Distributions to Preferred Shareholders		(3,589)			(3,844)
Dividends Paid on Unvested Restricted Shares		(130)			(242)
Extinguishment of Issuance Costs Upon Redemption of Series A Preferred Stock		-			(2,250)
Loss from Continuing Operations attributable to Common Shareholders		(8,437)			(12,263)
Discontinued Operations
Loss from Discontinued Operations		(1,333)			(1,115)
Loss from Discontinued Operations allocated to Noncontrolling Interests		45			39
Loss from Discontinued Operations attributable to Common Shareholders		(1,288)			(1,076)
Net Loss attributable to Common Shareholders	$	(9,725)		$	(13,339)
DENOMINATOR:
Weighted average number of common shares - basic		200,743,751			197,029,017
Effect of dilutive securities:
Restricted Stock Awards		-	*		-	*
Contingently Issued Shares		-	*		-	*
Weighted average number of common shares - diluted		200,743,751			197,029,017

*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.

The following table summarizes potentially dilutive securities that have been excluded from the denominator for the purpose of computing diluted earnings per share:

	Three Months Ended March 31,
	2014	2013
Common Units of Limited Partnership Interest	6,914,716	7,100,844
Unvested Stock Awards Outstanding	650,379	1,779,890
Contingently Issuable Share Awards	650,809	3,027,599
Total potentially dilutive securities excluded from the denominator	8,215,904	11,908,333