XML 62 R53.htm IDEA: XBRL DOCUMENT v2.4.0.8
Income Per Share (Tables)
12 Months Ended
Dec. 31, 2013
Income Per Share [Abstract]  
Schedule Of Earnings Per Share Basic And Diluted [Text Block]
          
(Amounts in thousands, except per share amounts) Year Ended December 31, 
     2013 2012 2011 
Numerator:          
 Income from continuing operations, net of income attributable to noncontrolling interests $ 78,193 $ 340,877 $ 507,428 
 Income from discontinued operations, net of income attributable to noncontrolling           
  interests   397,778   276,383   154,874 
 Net income attributable to Vornado   475,971   617,260   662,302 
 Preferred share dividends   (82,807)   (76,937)   (65,531) 
 Preferred unit and share redemptions   (1,130)   8,948   5,000 
 Net income attributable to common shareholders   392,034   549,271   601,771 
 Earnings allocated to unvested participating securities   (110)   (202)   (221) 
 Numerator for basic income per share   391,924   549,069   601,550 
 Impact of assumed conversions:          
  Convertible preferred share dividends   -   113   124 
 Numerator for diluted income per share $ 391,924 $ 549,182 $ 601,674 
              
Denominator:          
 Denominator for basic income per share – weighted average shares    186,941   185,810   184,308 
 Effect of dilutive securities (1):          
  Employee stock options and restricted share awards   768   670   1,658 
  Convertible preferred shares   -   50   55 
 Denominator for diluted income per share – weighted average shares and           
  assumed conversions   187,709   186,530   186,021 
              
INCOME PER COMMON SHARE – BASIC:          
 (Loss) income from continuing operations, net $(0.03) $ 1.46 $ 2.42 
 Income from discontinued operations, net  2.13   1.49   0.84 
 Net income per common share $2.10 $ 2.95 $ 3.26 
              
INCOME PER COMMON SHARE – DILUTED:          
 (Loss) income from continuing operations, net $(0.03) $ 1.46 $ 2.40 
 Income from discontinued operations, net  2.12   1.48   0.83 
 Net income per common share $2.09 $ 2.94 $ 3.23 
              
              
(1) The effect of dilutive securities in the years ended December 31, 2013, 2012 and 2011 excludes an aggregate of 11,752, 14,400 and 18,896 weighted average common share equivalents, respectively, as their effect was anti-dilutive.