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Earnings Per Common Share (Tables)
12 Months Ended
Dec. 31, 2013
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 years ended December 31, 2013, 2012 and 2011 (amounts in thousands, except per share data, prior periods adjusted for stock split):
 
 
Years Ended December 31,
 
2013
 
2012
 
2011
Numerators:
 
 
 
 
 
Income from Continuing Operations:
 
 
 
 
 
Income from continuing operations
$
77,247

 
$
63,747

 
$
41,957

Amounts allocated to dilutive securities
(5,617
)
 
(4,173
)
 
(5,856
)
Preferred Stock distributions
(9,280
)
 
(14,613
)
 
(13,823
)
Income from continuing operations available to Common Shares – basic
62,350

 
44,961

 
22,278

Amounts allocated to dilutive securities
5,617

 
4,173

 
3,105

Income from continuing operations available to Common Shares – fully diluted
$
67,967

 
$
49,134

 
$
25,383

Income from Discontinued Operations:
 
 
 
 
 
Income from discontinued operations, net of amounts allocated to dilutive securities
$
44,569

 
$
9,818

 
$
497

Net Income Available for Common Shares:
 
 
 
 
 
Net income available for Common Shares—basic
$
106,919

 
$
54,779

 
$
22,775

Amounts allocated to dilutive securities
9,706

 
5,067

 
5,906

Net income available for Common Shares—fully diluted
$
116,625

 
$
59,846

 
$
28,681

Denominator:
 
 
 
 
 
Weighted average Common Shares outstanding—basic
83,018

 
82,348

 
71,182

Effect of dilutive securities:
 
 
 
 
 
Redemption of Common OP Units for Common Shares
7,549

 
7,877

 
8,520

Redemption of Series B Preferred Stock

 

 
306

Stock options and restricted shares
629

 
637

 
652

Weighted average Common Shares outstanding—fully diluted
91,196

 
90,862

 
80,660

 
 
 
 
 
 
Earnings per Common Share—Basic:
 
 
 
 
 
Income from continuing operations
$
0.75

 
$
0.55

 
$
0.31

Income from discontinued operations
0.54

 
0.12

 
0.01

Net income available for Common Shares
$
1.29

 
$
0.67

 
$
0.32

 
 
 
 
 
 
Earnings per Common Share—Fully Diluted:
 
 
 
 
 
Income from continuing operations
$
0.75

 
$
0.54

 
$
0.31

Income from discontinued operations
0.53

 
0.12

 
0.01

Net income available for Common Shares
$
1.28

 
$
0.66

 
$
0.32