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Earnings Per Share (Tables)
9 Months Ended
Sep. 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 September 30,
 
Nine Months Ended September 30,
 
2015
2014
 
2015
2014
Numerators (in thousands)
 
 
 
 
 
Earnings (loss) from continuing operations attributable to Forest City Enterprises, Inc.
$
(302,219
)
$
686

 
$
(52,672
)
$
(89,748
)
Undistributed earnings allocated to participating securities

(17
)
 


Earnings (loss) from continuing operations attributable to common shareholders ‑ Basic and Diluted
$
(302,219
)
$
669

 
$
(52,672
)
$
(89,748
)
Net earnings (loss) attributable to Forest City Enterprises, Inc.
$
(302,219
)
$
686

 
$
(52,672
)
$
(76,786
)
Undistributed earnings allocated to participating securities

(17
)
 


Net earnings (loss) attributable to common shareholders ‑ Basic and Diluted
$
(302,219
)
$
669

 
$
(52,672
)
$
(76,786
)
Denominators
 
 
 
 
 
Weighted average shares outstanding ‑ Basic
255,417,396

198,893,584

 
230,778,223

198,328,900

Effect of stock options and performance shares

750,295

 


Weighted average shares outstanding ‑ Diluted (1) 
255,417,396

199,643,879

 
230,778,223

198,328,900

Earnings Per Share
 
 
 
 
 
Earnings (loss) from continuing operations attributable to common shareholders ‑ Basic and Diluted
$
(1.18
)
$

 
$
(0.23
)
$
(0.45
)
Net earnings (loss) attributable to common shareholders ‑ Basic and Diluted
$
(1.18
)
$

 
$
(0.23
)
$
(0.39
)
(1)
Incremental shares from dilutive options, restricted stock, performance shares and convertible units aggregating 17,959,278, 25,382,494 and 37,238,228, for the three and nine months ended September 30, 2015 and the nine months ended September 30, 2014, respectively, were not included in the computation of diluted EPS because their effect is anti-dilutive due to the loss from continuing operations. Incremental shares from restricted stock, Class A common units and convertible securities aggregating 36,120,026 for the three months ended September 30, 2014 were not included in the computation of diluted EPS because their effect is anti-dilutive. Weighted-average options, restricted stock and performance shares of 2,666,555 and 2,304,807 for the three and nine months ended September 30, 2015, respectively, and 3,240,497 and 3,470,348 for the three and nine months ended September 30, 2014, respectively, were not included in the computation of diluted EPS because their effect is anti-dilutive under the treasury stock method.