XML 55 R35.htm IDEA: XBRL DOCUMENT v2.4.1.9
Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Reconciliation of Basic and Diluted EPS Computations
The reconciliation of the basic and diluted EPS computations is shown in the following table:
 
Three Months Ended March 31,
 
2015
2014
Numerators (in thousands)
 
 
Earnings (loss) from continuing operations attributable to Forest City Enterprises, Inc.
$
(54,209
)
$
3,698

Undistributed earnings allocated to participating securities
—

(106
)
Earnings (loss) from continuing operations attributable to common shareholders ‑ Basic
$
(54,209
)
$
3,592

Undistributed earnings allocated to participating securities
—

106

Earnings (loss) from continuing operations attributable to common shareholders ‑ Diluted
$
(54,209
)
$
3,698

Net earnings (loss) attributable to Forest City Enterprises, Inc.
$
(54,209
)
$
15,520

Undistributed earnings allocated to participating securities
—

(444
)
Net earnings (loss) attributable to common shareholders ‑ Basic
$
(54,209
)
$
15,076

Undistributed earnings allocated to participating securities
—

444

Net earnings (loss) attributable to common shareholders ‑ Diluted
$
(54,209
)
$
15,520

Denominators
 
 
Weighted average shares outstanding ‑ Basic
202,963,083

197,739,076

Effect of stock options, restricted stock and performance shares
—

1,926,005

Effect of convertible debt
—

—

Effect of convertible Class A Common Units
—

3,646,755

Weighted average shares outstanding ‑ Diluted (1) 
202,963,083

203,311,836

Earnings Per Share
 
 
Earnings (loss) from continuing operations attributable to common shareholders ‑ Basic
$
(0.27
)
$
0.02

Earnings (loss) from continuing operations attributable to common shareholders ‑ Diluted
$
(0.27
)
$
0.02

Net earnings (loss) attributable to common shareholders ‑ Basic
$
(0.27
)
$
0.08

Net earnings (loss) attributable to common shareholders ‑ Diluted
$
(0.27
)
$
0.08

(1)
Incremental shares from dilutive options, restricted stock, performance shares and convertible securities aggregating 33,828,488 for the three months ended March 31, 2015 were not included in the computation of EPS because their effect is anti-dilutive due to the loss from continuing operations. Weighted-average shares issuable upon the conversion of convertible debt of 32,138,215 for the three months ended March 31, 2014 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 2,444,380 and 3,195,616 for the three months ended March 31, 2015 and 2014, respectively, were not included in the computation of diluted EPS because their effect is anti-dilutive under the treasury stock method.