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Earnings Per Share (Tables)
 6 Months Ended
Jul. 31, 2012
Earnings Per Share [Abstract]  
The reconciliation of basic and diluted EPS computations
The reconciliation of the amounts used in the basic and diluted EPS computations is shown in the following table.
 
Three Months Ended July 31,
 
Six Months Ended July 31,
 
2012
 
2011
 
2012
 
2011
Numerators (in thousands)
 
 
 
 
 
 
 
Earnings (loss) from continuing operations attributable to Forest City Enterprises, Inc.
$
(43,885
)
 
$
(9,495
)
 
$
(25,619
)
 
$
31,844

Dividends on preferred stock
(3,850
)
 
(3,850
)
 
(7,700
)
 
(7,700
)
Undistributed earnings allocated to participating securities
—

 
—

 
—

 
(766
)
Earnings (loss) from continuing operations attributable to Forest City Enterprises, Inc. common shareholders—Basic
(47,735
)
 
(13,345
)
 
(33,319
)
 
23,378

Undistributed earnings allocated to participating securities
—

 
—

 
—

 
766

Earnings (loss) from continuing operations attributable to Forest City Enterprises, Inc. common shareholders—Diluted
$
(47,735
)
 
$
(13,345
)
 
$
(33,319
)
 
$
24,144

Net earnings (loss) attributable to Forest City Enterprises, Inc.
$
(43,717
)
 
$
9,358

 
$
(20,965
)
 
$
55,701

Dividends on preferred stock
(3,850
)
 
(3,850
)
 
(7,700
)
 
(7,700
)
Undistributed earnings allocated to participating securities
—

 
(610
)
 
—

 
(1,523
)
Net earnings (loss) attributable to Forest City Enterprises, Inc. common shareholders—Basic
(47,567
)
 
4,898

 
(28,665
)
 
46,478

Undistributed earnings allocated to participating securities
—

 
—

 
—

 
1,523

Net earnings (loss) attributable to Forest City Enterprises, Inc. common shareholders—Diluted
$
(47,567
)
 
$
4,898

 
$
(28,665
)
 
$
48,001

Denominators
 
 
 
 
 
 
 
Weighted average shares outstanding—Basic
169,454,672

 
168,788,754

 
169,331,996

 
167,171,093

Effect of stock options and restricted stock
—

 
—

 
—

 
1,036,656

Weighted average shares outstanding—Diluted (1) 
169,454,672

 
168,788,754

 
169,331,996

 
168,207,749

Earnings Per Share
 
 
 
 
 
 
 
Earnings (loss) from continuing operations attributable to Forest City Enterprises, Inc. common shareholders—Basic
$
(0.28
)
 
$
(0.08
)
 
$
(0.20
)
 
$
0.14

Earnings (loss) from continuing operations attributable to Forest City Enterprises, Inc. common shareholders—Diluted
$
(0.28
)
 
$
(0.08
)
 
$
(0.20
)
 
$
0.14

Net earnings (loss) attributable to Forest City Enterprises, Inc. common shareholders—Basic
$
(0.28
)
 
$
0.03

 
$
(0.17
)
 
$
0.28

Net earnings (loss) attributable to Forest City Enterprises, Inc. common shareholders—Diluted
$
(0.28
)
 
$
0.03

 
$
(0.17
)
 
$
0.29

(1)
Incremental shares from dilutive options, restricted stock and convertible securities aggregating 52,436,282 and 52,535,035 for the three and six months ended July 31, 2012, respectively, and 39,129,204 for the three months ended July 31, 2011, were not included in the computation of diluted EPS because their effect is anti-dilutive due to loss from continuing operations. Weighted average shares issuable upon the conversion of preferred stock, Class A Common Stock Units, and 2014, 2016 and 2018 Senior Notes aggregating 38,263,518 for the six months ended July 31, 2011 were not included in the computation of diluted EPS because their effect is anti-dilutive under the if-converted method. Weighted-average options, restricted stock and performance shares of 4,474,149 and 4,479,739 for the three and six months ended July 31, 2012, respectively, and 3,611,087 and 3,527,106 for the three and six months ended July 31, 2011, respectively, were not included in the computation of diluted EPS because their effect is anti-dilutive under the treasury stock method.