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Earnings Per Share
 11 Months Ended
Dec. 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 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 11 months ended December 31, 2013 and the years ended January 31, 2013 and 2012 were allocated solely to holders of common stock as the participating security holders do not share in the losses.
The reconciliation of the amounts used in the basic and diluted EPS computations is shown in the following table:
 
11 Months Ended
Years Ended
 
December 31, 2013
January 31, 2013
January 31, 2012
Numerators (in thousands)
 
 
 
Loss from continuing operations attributable to Forest City Enterprises, Inc.
$
(13,160
)
$
(21,211
)
$
(115,089
)
Preferred dividends and inducements of preferred stock conversions
(185
)
(32,129
)
(15,400
)
Loss from continuing operations attributable to Forest City Enterprises, Inc. common shareholders - Basic and Diluted 
$
(13,345
)
$
(53,340
)
$
(130,489
)
Net earnings (loss) attributable to Forest City Enterprises, Inc.
$
(5,307
)
$
36,425

$
(86,486
)
Preferred dividends and inducements of preferred stock conversions
(185
)
(32,129
)
(15,400
)
Undistributed earnings allocated to participating securities
—

(1,878
)
—

Net earnings (loss) attributable to Forest City Enterprises, Inc. common shareholders - Basic and Diluted 
$
(5,492
)
$
2,418

$
(101,886
)
Denominators
 
 
 
Weighted average shares outstanding - Basic and Diluted (1)
193,465,572

172,621,723

168,170,650

Earnings Per Share
 
 
 
Loss from continuing operations attributable to Forest City Enterprises, Inc. common shareholders - Basic and Diluted
$
(0.07
)
$
(0.31
)
$
(0.78
)
Net earnings (loss) attributable to Forest City Enterprises, Inc. common shareholders - Basic and Diluted
$
(0.03
)
$
0.01

$
(0.61
)
(1)
Incremental shares from dilutive options, restricted stock and convertible securities aggregating 35,431,746, 49,642,605 and 45,856,959 for the 11 months ended December 31, 2013 and the years ended January 31, 2013 and 2012, respectively, were not included in the computation of diluted EPS because their effect is anti-dilutive due to loss from continuing operations. Weighted-average options, restricted stock and performance shares of 3,601,719, 4,105,670 and 4,222,955 for the 11 months ended December 31, 2013 and the years ended January 31, 2013 and 2012, respectively, were not included in the computation of diluted EPS because their effect is anti-dilutive under the treasury stock method.