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Earnings Per Share
 6 Months Ended
Jul. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
The Company’s restricted stock is considered a participating security pursuant to the two-class method for computing basic earnings per share (“EPS”). The Class A Common Units, which are reflected as noncontrolling interests in the Consolidated Balance Sheets, are considered convertible participating securities as they are entitled to participate in any dividends paid to the Company’s common shareholders. The Class A Common Units are included in the computation of basic EPS using the two-class method and are included in the computation of diluted EPS using the if-converted method. The Class A common stock issuable in connection with a put or conversion of the 2014 Senior Notes, 2016 Senior Notes, 2018 Senior Notes, 2020 Senior Notes and Series A preferred stock is included in the computation of diluted EPS using the if-converted method. The loss from continuing operations attributable to Forest City Enterprises, Inc. for the three and six months ended July 31, 2013 and 2012 was allocated solely to holders of common stock as the participating security holders do not share in the losses.
The reconciliation of the basic and diluted EPS computations is shown in the following table:
 
Three Months Ended July 31,
 
Six Months Ended July 31,
 
2013
2012
 
2013
2012
Numerators (in thousands)
 
 
 
 
 
Loss from continuing operations attributable to Forest City Enterprises, Inc.
$
(27,530
)
$
(43,921
)
 
$
(57,588
)
$
(26,077
)
Preferred dividends
—

(3,850
)
 
(185
)
(7,700
)
Loss from continuing operations attributable to Forest City Enterprises, Inc. common shareholders ‑ Basic and Diluted
$
(27,530
)
$
(47,771
)
 
$
(57,773
)
$
(33,777
)
Net loss attributable to Forest City Enterprises, Inc.
$
(16,281
)
$
(43,717
)
 
$
(35,649
)
$
(20,965
)
Preferred dividends
—

(3,850
)
 
(185
)
(7,700
)
Net loss attributable to Forest City Enterprises, Inc. common shareholders ‑ Basic and Diluted
$
(16,281
)
$
(47,567
)
 
$
(35,834
)
$
(28,665
)
Denominators
 
 
 
 
 
Weighted average shares outstanding ‑ Basic and Diluted (1)
194,745,051

169,454,672

 
189,865,650

169,331,996

Earnings Per Share
 
 
 
 
 
Loss from continuing operations attributable to Forest City Enterprises, Inc. common shareholders ‑ Basic and Diluted
$
(0.14
)
$
(0.28
)
 
$
(0.30
)
$
(0.20
)
Net loss attributable to Forest City Enterprises, Inc. common shareholders ‑ Basic and Diluted
$
(0.08
)
$
(0.28
)
 
$
(0.19
)
$
(0.17
)
(1)
Incremental shares from dilutive options, restricted stock, performance shares and convertible securities aggregating 29,282,326 and 33,430,831 for the three and six months ended July 31, 2013, respectively, and 52,436,282 and 52,535,035 for the three and six months ended July 31, 2012, respectively, were not included in the computation of diluted EPS because their effect is anti-dilutive due to the loss from continuing operations. Weighted-average options, restricted stock and performance shares of 3,759,294 and 3,952,633 for the three and six months ended July 31, 2013, respectively, and 4,474,149 and 4,479,739 for the three and six months ended July 31, 2012, respectively, were not included in the computation of diluted EPS because their effect is anti-dilutive under the treasury stock method.