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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block]
The following tables present the computations of basic and diluted EPS:
 
Three months ended September 30,
 
Nine months ended September 30,
 
2017
 
2016
 
2017
 
2016
(In thousands, except share and per share data)
 
Basic earnings per share - Numerator:
 
 
 
 
 
 
 
Net income from continuing operations
$
19,691

 
$
19,699

 
$
58,180

 
$
52,728

Less: Net income attributable to noncontrolling interests
1,074

 
1,110

 
3,190

 
3,010

Net income from continuing operations attributable to the Company
18,617

 
18,589

 
54,990

 
49,718

Decrease/ (increase) in noncontrolling interests’ redemption values (1)
(278
)
 
(138
)
 
(283
)
 
341

Dividends on preferred stock
(868
)
 
(868
)
 
(2,606
)
 
(2,606
)
Total adjustments to income attributable to common shareholders
(1,146
)
 
(1,006
)
 
(2,889
)
 
(2,265
)
Net income from continuing operations attributable to common shareholders, treasury stock method
17,471

 
17,583

 
52,101

 
47,453

Net income from discontinued operations
1,186

 
1,047

 
3,881

 
4,357

Net income attributable to common shareholders, treasury stock method
$
18,657

 
$
18,630

 
$
55,982

 
$
51,810

 
 
 
 
 
 
 
 
Basic earnings per share - Denominator:
 
 
 
 
 
 
 
Weighted average basic common shares outstanding
82,556,225

 
81,301,499

 
82,270,849

 
81,280,014

Per share data - Basic earnings per share from:
 
 
 
 
 
 
 
Continuing operations
$
0.21

 
$
0.22

 
$
0.63

 
$
0.58

Discontinued operations
$
0.01

 
$
0.01

 
$
0.05

 
$
0.05

Total attributable to common shareholders
$
0.23

 
$
0.23

 
$
0.68

 
$
0.64



 
Three months ended September 30,
 
Nine months ended September 30,
 
2017
 
2016
 
2017
 
2016
(In thousands, except share and per share data)
 
 
 
 
 
 
 
Diluted earnings per share - Numerator:
 
 
 
 
 
 
 
Net income from continuing operations attributable to common shareholders, after assumed dilution
$
17,471

 
$
17,583

 
$
52,101

 
$
47,453

Net income from discontinued operations
1,186

 
1,047

 
3,881

 
4,357

Net income attributable to common shareholders, after assumed dilution
$
18,657

 
$
18,630

 
$
55,982

 
$
51,810

Diluted earnings per share - Denominator:
 
 
 
 
 
 
 
Weighted average basic common shares outstanding
82,556,225

 
81,301,499

 
82,270,849

 
81,280,014

Dilutive effect of:
 
 
 
 
 
 
 
Stock options, performance-based and time-based restricted stock, and performance-based and time-based restricted stock units, and other dilutive securities (2)
1,233,888

 
956,446

 
1,333,830

 
959,917

Warrants to purchase common stock (2)
1,098,198

 
1,304,338

 
1,136,493

 
1,190,549

Dilutive common shares
2,332,086

 
2,260,784

 
2,470,323

 
2,150,466

Weighted average diluted common shares outstanding (2)
84,888,311

 
83,562,283

 
84,741,172

 
83,430,480

Per share data - Diluted earnings per share from:
 
 
 
 
 
 
 
Continuing operations
$
0.21

 
$
0.21

 
$
0.61

 
$
0.57

Discontinued operations
$
0.01

 
$
0.01

 
$
0.05

 
$
0.05

Total attributable to common shareholders
$
0.22

 
$
0.22

 
$
0.66

 
$
0.62

Dividends per share declared and paid on common stock
$
0.11

 
$
0.10

 
$
0.33

 
$
0.30

_____________________
(1)
See Part II. Item 8. “Financial Statements and Supplementary Data—Note 14: Noncontrolling Interests” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016 for a description of the redemption values related to the redeemable noncontrolling interests. In accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 480, Distinguishing Liabilities from Equity (“ASC 480”), an increase in redemption value from period to period reduces income attributable to common shareholders. Decreases in redemption value from period to period increase income attributable to common shareholders, but only to the extent that the cumulative change in redemption value remains a cumulative increase since adoption of this standard in the first quarter of 2009.
(2)
The diluted EPS computations for the three and nine months ended September 30, 2017 and 2016 do not assume the conversion, exercise, or contingent issuance of the following shares for the following periods because the result would have been anti-dilutive for the periods indicated. As a result of the anti-dilution, the potential common shares excluded from the diluted EPS computation are as follows:
 
Three months ended September 30,
 
Nine months ended September 30,
 
2017
 
2016
 
2017
 
2016
Shares excluded due to exercise price exceeding the average market price of common shares during the period (total outstanding):
(In thousands)
Potential common shares from:
 
 
 
 
 
 
 
Stock options
48

 
224

 
74

 
285

Total shares excluded due to exercise price exceeding the average market price of common shares during the period
48

 
224

 
74

 
285