Income Per Share

3 Months Ended

Mar. 31, 2014

Income Per Share [Abstract]

Income Per Share

19.       Income Per Share

The following table provides a reconciliation of both net income and the number of common shares used in the computation of (i) basic income per common share - which includes the weighted average number of common shares outstanding without regard to dilutive potential common shares, and (ii) diluted income per common share - which includes the weighted average common shares and dilutive share equivalents. Dilutive share equivalents may include our Series A convertible preferred shares, employee stock options and restricted stock.

			For the Three Months
(Amounts in thousands, except per share amounts)			Ended March 31,
			2014		2013
Numerator:
	Income from continuing operations, net of income attributable to noncontrolling interests		$	80,936	$	67,986
	Income from discontinued operations, net of income attributable to noncontrolling interests			1,781		194,936
	Net income attributable to Vornado			82,717		262,922
	Preferred share dividends			(20,368)		(21,702)
	Preferred share redemptions			-		(9,230)
	Net income attributable to common shareholders			62,349		231,990
	Earnings allocated to unvested participating securities			(30)		(56)
	Numerator for basic income per share			62,319		231,934
	Impact of assumed conversions:
		Convertible preferred share dividends		-		28
	Numerator for diluted income per share		$	62,319	$	231,962
Denominator:
	Denominator for basic income per share – weighted average shares			187,307		186,752
	Effect of dilutive securities(1):
		Employee stock options and restricted share awards		933		727
		Convertible preferred shares		-		50
	Denominator for diluted income per share – weighted average shares and assumed conversions			188,240		187,529
INCOME PER COMMON SHARE – BASIC:
	Income from continuing operations, net		$	0.32	$	0.20
	Income from discontinued operations, net			0.01		1.04
	Net income per common share		$	0.33	$	1.24
INCOME PER COMMON SHARE – DILUTED:
	Income from continuing operations, net		$	0.32	$	0.20
	Income from discontinued operations, net			0.01		1.04
	Net income per common share		$	0.33	$	1.24
(1)		The effect of dilutive securities in the three months ended March 31, 2014 and 2013 excludes an aggregate of 11,326 and 11,997 weighted average common share equivalents, respectively, as their effect was anti-dilutive.