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Beneficiaries Equity of the Parent Company (Tables)
 12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Earnings Per Share (EPS), Basic and Diluted

The following tables detail the number of shares and net income used to calculate basic and diluted earnings per share (in thousands, except share and per share amounts; results may not add due to rounding):

 

 

Year ended December 31,

 

 

2016

 

 

2015

 

 

2014

 

 

Basic

 

 

Diluted

 

 

Basic

 

 

Diluted

 

 

Basic

 

 

Diluted

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

$

40,501

 

 

$

40,501

 

 

$

(30,740

)

 

$

(30,740

)

 

$

6,024

 

 

$

6,024

 

Net (income) loss from continuing operations attributable to non-controlling interests

 

(310

)

 

 

(310

)

 

 

339

 

 

 

339

 

 

 

43

 

 

 

43

 

Nonforfeitable dividends allocated to unvested restricted shareholders

 

(341

)

 

 

(341

)

 

 

(329

)

 

 

(329

)

 

 

(349

)

 

 

(349

)

Preferred share dividends

 

(6,900

)

 

 

(6,900

)

 

 

(6,900

)

 

 

(6,900

)

 

 

(6,900

)

 

 

(6,900

)

Income (loss) from continuing operations available to common shareholders

 

32,950

 

 

 

32,950

 

 

 

(37,630

)

 

 

(37,630

)

 

 

(1,182

)

 

 

(1,182

)

Income from discontinued operations

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

908

 

 

 

908

 

Net income (loss) attributable to common shareholders

$

32,950

 

 

$

32,950

 

 

$

(37,630

)

 

$

(37,630

)

 

$

(274

)

 

$

(274

)

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

175,018,163

 

 

 

175,018,163

 

 

 

178,162,160

 

 

 

178,162,160

 

 

 

166,202,649

 

 

 

166,202,649

 

Contingent securities/Share based compensation

 

-

 

 

 

992,651

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Weighted-average shares outstanding

 

175,018,163

 

 

 

176,010,814

 

 

 

178,162,160

 

 

 

178,162,160

 

 

 

166,202,649

 

 

 

166,202,649

 

Earnings (loss) per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations attributable to common shareholders

$

0.19

 

 

$

0.19

 

 

$

(0.21

)

 

$

(0.21

)

 

$

(0.01

)

 

$

(0.01

)

Discontinued operations attributable to common shareholders

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

0.01

 

 

0.01

 

Net income (loss) attributable to common shareholders

$

0.19

 

 

$

0.19

 

 

$

(0.21

)

 

$

(0.21

)

 

$

-

 

 

$

-