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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 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 June 30,
 
Six Months Ended June 30,
 
2015
2014
 
2015
2014
Numerators (in thousands)
 
 
 
 
 
Earnings (loss) from continuing operations attributable to Forest City Enterprises, Inc.
$
303,756

$
(94,132
)
 
$
249,547

$
(90,434
)
Undistributed earnings allocated to participating securities
(6,551
)

 
(5,656
)

Earnings (loss) from continuing operations attributable to common shareholders ‑ Basic
$
297,205

$
(94,132
)
 
$
243,891

$
(90,434
)
Interest on convertible debt
2,521


 
5,042


Earnings (loss) from continuing operations attributable to common shareholders ‑ Diluted
$
299,726

$
(94,132
)
 
$
248,933

$
(90,434
)
Net earnings (loss) attributable to Forest City Enterprises, Inc.
$
303,756

$
(92,992
)
 
$
249,547

$
(77,472
)
Undistributed earnings allocated to participating securities
(6,551
)

 
(5,656
)

Net earnings (loss) attributable to common shareholders ‑ Basic
$
297,205

$
(92,992
)
 
$
243,891

$
(77,472
)
Interest on convertible debt
2,521


 
5,042


Net earnings (loss) attributable to common shareholders ‑ Diluted
$
299,726

$
(92,992
)
 
$
248,933

$
(77,472
)
Denominators
 
 
 
 
 
Weighted average shares outstanding ‑ Basic
233,377,771

198,341,355

 
218,254,445

198,041,879

Effect of stock options and performance shares
2,225,323


 
1,826,936


Effect of convertible debt
18,389,062


 
18,490,660


Weighted average shares outstanding ‑ Diluted (1) 
253,992,156

198,341,355

 
238,572,041

198,041,879

Earnings Per Share
 
 
 
 
 
Earnings (loss) from continuing operations attributable to common shareholders ‑ Basic
$
1.27

$
(0.47
)
 
$
1.12

$
(0.46
)
Earnings (loss) from continuing operations attributable to common shareholders ‑ Diluted
$
1.18

$
(0.47
)
 
$
1.04

$
(0.46
)
Net earnings (loss) attributable to common shareholders ‑ Basic
$
1.27

$
(0.47
)
 
$
1.12

$
(0.39
)
Net earnings (loss) attributable to common shareholders ‑ Diluted
$
1.18

$
(0.47
)
 
$
1.04

$
(0.39
)
(1)
Incremental shares from restricted stock and Class A common units of 3,908,518 and 4,110,705, for the three and six months ended June 30, 2015, respectively, were not included in the computation of diluted EPS because their effect is anti-dilutive. Incremental shares from convertible securities of 4,720,604 for the six months ended June 30, 2015 were not included in the computation of diluted EPS because their effect is anti-dilutive. Incremental shares from dilutive options, restricted stock, performance shares and convertible securities aggregating 37,140,789 and 37,425,371 for the three and six months ended June 30, 2014, respectively, were not included in the computation of EPS because their effect is anti-dilutive due to the loss from continuing operations. Weighted-average options, restricted stock and performance shares of 1,803,486 and 2,123,933 for the three and six months ended June 30, 2015, respectively, and 3,974,932 and 3,585,274 for the three and six months ended June 30, 2014, respectively, were not included in the computation of diluted EPS because their effect is anti-dilutive under the treasury stock method.