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Earnings per Share
 12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
12.    Earnings per Share
 
Basic earnings per share is computed by dividing net income (loss) attributable to common stockholders by the weighted average number of shares of the Company’s common stock outstanding during the period. All unvested stock-based payment awards are included in the computation of basic earnings per share. The computation of diluted earnings per share includes common stock issuable upon the conversion of Exchangeable Senior Notes and other potentially dilutive securities in the weighted average shares, unless the effect of their conversion is anti-dilutive in nature.
 
Computations of basic and diluted income (loss) per share for the periods presented are as follows (in thousands, except per share data):
 
 
 
Year Ended December 31,
 
 
 
2014
 
2013
 
2012
 
 
 
 
 
 
 
 
 
Basic earnings:
 
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations
 
$
(154,380)
 
$
749
 
$
6,510
 
Preferred stock dividends
 
 
12,200
 
 
6,183
 
 
4,114
 
Income (loss) from continuing operations attributable to noncontrolling interests
 
 
(1,166)
 
 
(37)
 
 
19
 
Income (loss) from continuing operations attributable to common stockholders
 
 
(165,414)
 
 
(5,397)
 
 
2,377
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from discontinued operations
 
 
(9,576)
 
 
489
 
 
3,908
 
Income (loss) from discontinued operations attributable to noncontrolling interests
 
 
(67)
 
 
3
 
 
27
 
Income (loss) from discontinued operations attributable to common stockholders
 
 
(9,509)
 
 
486
 
 
3,881
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) attributable to common stockholders
 
$
(174,923)
 
$
(4,911)
 
$
6,258
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average common shares and OP Units outstanding:
 
 
 
 
 
 
 
 
 
 
Basic
 
 
65,102
 
 
59,984
 
 
34,781
 
Incremental shares from assumed conversion (1)
 
 
-
 
 
434
 
 
436
 
Diluted
 
 
65,102
 
 
60,418
 
 
35,217
 
 
 
 
 
 
 
 
 
 
 
 
Basic and diluted earnings per share:
 
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations attributable to  common stockholders
 
$
(2.54)
 
$
(0.08)
 
$
0.07
 
Income (loss) from discontinued operations attributable to common stockholders
 
 
(0.15)
 
 
-
 
 
0.11
 
Net income (loss) attributable to common stockholders
 
$
(2.69)
 
$
(0.08)
 
$
0.18
 
 
(1)
The effect of the inclusion of all potentially dilutive securities for 2014 and 2013 would be anti-dilutive when computing diluted earnings per share. Therefore, the computation of both basic and diluted earnings per share is the same. For the years ended December 31, 2014 and 2013, shares issuable upon settlement of the exchange feature of the Exchangeable Senior notes were anti-dilutive and were not included in the computation of diluted earnings per share based on the “if-converted” method.