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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Components of Earnings Per Share - Basic and Diluted
Earnings per common share – basic and diluted components for the periods indicated are as follows (in thousands):
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2013
 
2012
 
2013
 
2012
Numerator:
 
 
 
 
 
 
 
Continuing Operations:
 
 
 
 
 
 
 
Income from continuing operations
$
23,618

 
$
21,812

 
$
88,932

 
$
30,400

Gain on sale of property
163

 
335

 
570

 
859

Net income attributable to noncontrolling interests
(1,948
)
 
(1,505
)
 
(4,000
)
 
(3,726
)
Dividends on preferred shares
(2,710
)
 
(8,869
)
 
(15,463
)
 
(26,607
)
Redemption costs of preferred shares

 

 
(17,944
)
 

Income from continuing operations attributable to
common shareholders – basic and diluted
$
19,123

 
$
11,773


$
52,095


$
926

Discontinued Operations:
 
 
 
 
 
 
 
Income from discontinued operations
$
38,608

 
$
19,900

 
$
121,882

 
$
66,187

Net loss (income) attributable to noncontrolling interests
101

 
(269
)
 
(37,056
)
 
(831
)
Income from discontinued operations attributable to
common shareholders – basic and diluted
$
38,709

 
$
19,631

 
$
84,826

 
$
65,356

Denominator:
 
 
 
 
 
 
 
Weighted average shares outstanding - basic
121,359

 
120,766

 
121,235

 
120,637

Effect of dilutive securities:
 
 
 
 
 
 
 
Share options and awards
1,172

 
1,078

 
1,206

 
1,016

Weighted average shares outstanding - diluted
122,531

 
121,844

 
122,441

 
121,653

Schedule Of Anti-Dilutive Securities
Anti-dilutive securities of our common shares, which are excluded from the calculation of earnings per common share – diluted, are as follows (in thousands):
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2013
 
2012
 
2013
 
2012
Share options (1)
1,929

 
2,359

 
1,929

 
2,359

Operating partnership units
1,555

 
1,582

 
1,555

 
1,583

Total anti-dilutive securities
3,484

 
3,941

 
3,484

 
3,942

_______________
(1)
Exclusion results as exercise prices were greater than the average market price for each respective period.