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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Schedule of Calculation of Numerator and Denominator in Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

Three months ended September 30,

 

Nine months ended September 30,

 

 

2013

 

2012

 

2013

 

2012

Numerator

 

 

 

 

 

 

 

 

(Loss) income from continuing operations

 

$                (424,000)

 

$              1,056,000 

 

$              6,650,000 

 

$             (2,243,000)

Preferred stock dividends

 

(3,602,000)

 

(3,877,000)

 

(10,811,000)

 

(11,015,000)

Preferred stock redemption costs

 

 -

 

(173,000)

 

(1,166,000)

 

(555,000)

Net loss attributable to noncontrolling interests

 

63,000 

 

127,000 

 

170,000 

 

424,000 

Net earnings allocated to unvested shares

 

(196,000)

 

(178,000)

 

(567,000)

 

(626,000)

(Loss) from continuing operations attributable to common

 

 

 

 

 

 

 

 

shareholders

 

(4,159,000)

 

(3,045,000)

 

(5,724,000)

 

(14,015,000)

Results from discontinued operations, net of noncontrolling interests

 

484,000 

 

(1,432,000)

 

1,743,000 

 

986,000 

Net (loss) attributable to common shareholders, basic and diluted

 

$             (3,675,000)

 

$             (4,477,000)

 

$             (3,981,000)

 

$           (13,029,000)

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

Weighted average number of vested common shares outstanding

 

68,365,000 

 

68,232,000 

 

68,350,000 

 

67,932,000 

 

 

 

 

 

 

 

 

 

(Loss) earnings per common share, basic and fully diluted

 

 

 

 

 

 

 

 

Continuing operations

 

$                      (0.06)

 

$                      (0.05)

 

$                      (0.09)

 

$                      (0.20)

Discontinued operations

 

$                       0.01 

 

$                      (0.02)

 

$                       0.03 

 

$                       0.01 

 

 

$                      (0.05)

 

$                      (0.07)

 

$                      (0.06)

 

$                      (0.19)