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Earnings Per Share
 12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
The loss from continuing operations attributable to Forest City Enterprises, Inc. for the year ended December 31, 2014 and the year ended January 31, 2013 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:
 
Year Ended
11 Months Ended
Year Ended
 
December 31, 2014
December 31, 2013
January 31, 2013
Numerators (in thousands)
 
 
 
Earnings (loss) from continuing operations attributable to Forest City Enterprises, Inc.
$
(20,557
)
$
20,934

$
(19,944
)
Preferred dividends and inducements of preferred stock conversions
—

(185
)
(32,129
)
Undistributed earnings allocated to participating securities
—

(605
)
—

Earnings (loss) from continuing operations attributable to common shareholders - Basic 
(20,557
)
20,144

(52,073
)
Undistributed earnings allocated to participating securities
—

605

—

Earnings (loss) from continuing operations attributable to common shareholders - Diluted 
$
(20,557
)
$
20,749

$
(52,073
)
Net earnings (loss) attributable to Forest City Enterprises, Inc.
$
(7,595
)
$
(5,307
)
$
36,425

Preferred dividends and inducements of preferred stock conversions
—

(185
)
(32,129
)
Undistributed earnings allocated to participating securities
—

—

(1,836
)
Net earnings (loss) attributable to common shareholders - Basic and Diluted 
$
(7,595
)
$
(5,492
)
$
2,460

Denominators
 
 
 
Weighted average shares outstanding - Basic
198,480,783

193,465,572

172,621,723

Effect of stock options, restricted stock and performance shares
—

1,584,402

—

Effect of convertible debt
—

—

—

Effect of convertible Class A Common Units
—

3,646,755

—

Weighted average shares outstanding - Diluted (1) 
198,480,783

198,696,729

172,621,723

Earnings Per Share
 
 
 
Earnings (loss) from continuing operations attributable to common shareholders - Basic and Diluted
$
(0.10
)
$
0.10

$
(0.30
)
Net earnings (loss) attributable to common shareholders - Basic and Diluted
$
(0.04
)
$
(0.03
)
$
0.01

(1)
Incremental shares from dilutive options, restricted stock and convertible securities aggregating 37,146,769 and 49,642,605 for the years ended December 31, 2014 and January 31, 2013, respectively, were not included in the computation of diluted EPS because their effect is anti-dilutive due to loss from continuing operations. Convertible securities of 30,200,589 for the 11 months ended December 31, 2013 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 3,483,885, 3,601,719 and 4,105,670 for the year ended December 31, 2014, the 11 months ended December 31, 2013 and the year ended January 31, 2013, respectively, were not included in the computation of diluted EPS because their effect is anti-dilutive under the treasury stock method.