Earnings Per Common Share Earnings Per Common Share (Tables)

3 Months Ended

Sep. 30, 2012

Earnings Per Share [Abstract]

Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block]

The following table sets forth the computation of basic and diluted earnings per common share for the three and nine months ended September 30, 2012 and 2011 (amounts in thousands, except per share data):

	Three Months Ended September 30,					Nine Months Ended September 30,
	2012		2011			2012		2011
Numerators:
Net Income Available for Common Shares – Fully Diluted:
Net income (loss) available for Common Shares – basic	$	16,009	$	(2,853	)	$	30,504	$	22,934
Amounts allocated to dilutive securities	1,503		177			2,891		3,587
Net income (loss) available for Common Shares – fully diluted	$	17,512	$	(2,676	)	$	33,395	$	26,521
Denominator:
Weighted average Common Shares outstanding – basic	41,190		38,346			41,137		34,017
Effect of dilutive securities:
Redemption of Common OP Units for Common Shares	3,942		4,286			3,959		4,311
Redemption of Series B Preferred Stock	—		598			—		202
Employee stock options and restricted shares	315		372			322		328
Weighted average Common Shares outstanding – fully diluted	45,447		43,602			45,418		38,858
Earnings per Common Share – Basic:
Net income (loss) available for Common Shares	$	0.39	$	(0.07	)	$	0.74	$	0.67
Earnings per Common Share – Fully Diluted:
Net income (loss) available for Common Shares (a)	$	0.39	$	(0.07	)	$	0.74	$	0.67

________________________________

(a) During the three months ended September 30, 2011, the Company reported a net loss available for common shares. As a result of the net loss, the Company's unvested restricted stock, common OP Units and Series B Preferred Stock were considered anti-dilutive, and therefore earnings per common share-fully diluted is computed in the same manner as earnings per share-basic.