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Earnings/(Loss) Per Share
 6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
EARNINGS/(LOSS) PER SHARE
EARNINGS/(LOSS) PER SHARE
The following table sets forth the computation of basic and diluted earnings/(loss) per share for the periods presented (amounts in thousands, except per share data):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2013
 
2012
 
2013
 
2012
Numerator for earnings per share:
 
 
 
 
 
 
 
Income/(loss) from continuing operations
$
5,354

 
$
(23,123
)
 
$
5,045

 
$
(21,382
)
Income from continuing operations attributable to noncontrolling interests
(3
)
 
(43
)
 
(7
)
 
(95
)
(Income)/loss from continuing operations attributable to redeemable noncontrolling interests in OP
(159
)
 
875

 
(114
)
 
806

Income/(loss) from continuing operations attributable to UDR, Inc.
5,192

 
(22,291
)
 
4,924

 
(20,671
)
Distributions to preferred stockholders - Series E (Convertible)
(931
)
 
(931
)
 
(1,862
)
 
(1,862
)
Distributions to preferred stockholders - Series G
—

 
(909
)
 
—

 
(2,286
)
Premium on preferred stock redemptions, net
—

 
(2,791
)
 
—

 
(2,791
)
Income/(loss) from continuing operations attributable to common stockholders
$
4,261

 
$
(26,922
)
 
$
3,062

 
$
(27,610
)
 
 
 
 
 
 
 
 
Income from discontinued operations, net of tax
$
—

 
$
179,429

 
$
—

 
$
264,316

Income from discontinued operations attributable to redeemable noncontrolling interests
—

 
(6,786
)
 
—

 
(10,137
)
Income from discontinued operations attributable to common stockholders
$
—

 
$
172,643

 
$
—

 
$
254,179

 
 
 
 
 
 
 
 
Net income attributable to common stockholders
$
4,261

 
$
145,721

 
$
3,062

 
$
226,569

 
 
 
 
 
 
 
 
Denominator for earnings per share:
 
 
 
 
 
 
 
Weighted average common shares outstanding
250,745

 
234,657

 
250,623

 
228,697

Non-vested restricted stock awards
(760
)
 
(626
)
 
(672
)
 
(931
)
Denominator for basic earnings per share
249,985

 
234,031

 
249,951

 
227,766

Incremental shares issuable from assumed conversion of:
     Stock options and unvested restricted stock
1,421

 
—

 
1,402

 
—

Denominator for diluted earnings per share
251,406

 
234,031

 
251,353

 
227,766

Income/(loss) per weighted average common share-basic:
 
 
 
 
 
 
 
Income/(loss) from continuing operations attributable to common stockholders
$
0.02

 
$
(0.12
)
 
$
0.01

 
$
(0.12
)
Income from discontinued operations attributable to common stockholders
$
—

 
$
0.74

 
$
—

 
$
1.12

Net income attributable to common stockholders
$
0.02

 
$
0.62

 
$
0.01

 
$
0.99

Income/(loss) per weighted average common share-diluted:
 
 
 
 
 
 
 
Income/(loss) from continuing operations attributable to common stockholders
$
0.02

 
$
(0.12
)
 
$
0.01

 
$
(0.12
)
Income from discontinued operations attributable to common stockholders
$
—

 
$
0.74

 
$
—

 
$
1.12

Net income attributable to common stockholders
$
0.02

 
$
0.62

 
$
0.01

 
$
0.99


Basic earnings per common share is computed based upon the weighted average number of common shares outstanding. Diluted earnings per share is computed based upon the common shares issuable from the assumed conversion of the OP units, convertible preferred stock, stock options, and restricted stock. Only those instruments having a dilutive impact on our basic earnings per share are included in diluted earnings per share during the periods.
During the three and six months ended June 30, 2012, the effect of the conversion of the OP Units, convertible preferred stock, stock options and restricted stock is not dilutive, and is therefore not included in the above calculations as the Company reported a loss from continuing operations attributable to common stockholders.

The following table sets forth the additional shares of Common Stock outstanding by equity instrument if converted to Common Stock for each of the three and six months ended June 30, 2013 and 2012:

 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2013
 
2012
 
2013
 
2012
OP Units
 
9,323,802

 
9,416,843

 
9,352,255

 
9,419,070

Preferred Stock
 
3,035,548

 
3,035,548

 
3,035,548

 
3,035,548

Stock options and unvested restricted stock
 
1,420,846

 
1,348,466

 
1,402,451

 
1,328,336