XML 34 R22.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings Per Common Share Earnings Per Common Share (Tables)
6 Months Ended
Jun. 30, 2014
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 the basic and diluted earnings per common share for the quarters and six months ended June 30, 2014 and 2013 (amounts in thousands, except per share data):
 
Quarters Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2014
 
2013
 
2014
 
2013
Numerators:
 
 
 
 
 
 
 
Income from Continuing Operations:
 
 
 
 
 
 
 
Income from continuing operations
$
30,040

 
$
18,621

 
$
73,930

 
$
55,062

Amounts allocated to dilutive securities
(2,229
)
 
(1,337
)
 
(5,710
)
 
(4,196
)
Preferred Stock distributions
(2,328
)
 
(2,329
)
 
(4,638
)
 
(4,640
)
Income from continuing operations available to Common Shares – basic
25,483

 
14,955

 
63,582

 
46,226

Amounts allocated to dilutive securities
2,229

 
1,337

 
5,710

 
4,196

Income from continuing operations available to Common Shares – fully diluted
$
27,712

 
$
16,292

 
$
69,292

 
$
50,422

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

 
$
2,905

 
$

 
$
6,657

Net Income Available for Common Shares:
 
 
 
 
 
 
 
Net income available for Common Shares – basic
$
25,483

 
$
17,860

 
$
63,582

 
$
52,883

Amounts allocated to dilutive securities
2,229

 
1,597

 
5,710

 
4,730

Net income available for Common Shares – fully diluted
$
27,712

 
$
19,457

 
$
69,292

 
$
57,613

Denominator:
 
 
 
 
 
 
 
Weighted average Common Shares outstanding – basic
83,234

 
83,021

 
83,175

 
83,024

Effect of dilutive securities:
 
 
 
 
 
 
 
Exchange of Common OP Units for Common Shares
7,530

 
7,456

 
7,582

 
7,456

Stock options and restricted shares
656

 
651

 
654

 
630

Weighted average Common Shares outstanding – fully diluted
91,420

 
91,128

 
91,411

 
91,110

 
 
 
 
 
 
 
 
Earnings per Common Share – Basic:
 
 
 
 
 
 
 
Income from continuing operations
$
0.31

 
$
0.18

 
$
0.76

 
$
0.55

Income from discontinued operations

 
0.04

 

 
0.09

Net income available for Common Shares
$
0.31

 
$
0.22

 
$
0.76

 
$
0.64

 
 
 
 
 
 
 
 
Earnings per Common Share – Fully Diluted:
 
 
 
 
 
 
 
Income from continuing operations
$
0.30

 
$
0.18

 
$
0.76

 
$
0.55

Income from discontinued operations

 
0.03

 

 
0.08

Net income available for Common Shares
$
0.30

 
$
0.21

 
$
0.76

 
$
0.63