XML 44 R44.htm IDEA: XBRL DOCUMENT v3.3.0.814
Income Per Share (Tables)
9 Months Ended
Sep. 30, 2015
Income Per Share [Abstract]  
Schedule Of Earnings Per Share Basic And Diluted [Text Block]
(Amounts in thousands, except per share amounts)For the Three Months Ended For the Nine Months Ended 
    September 30, September 30, 
    2015 2014 2015 2014 
Numerator:            
 Income from continuing operations, net of income attributable            
   to noncontrolling interests$ 186,833 $ 74,066 $ 461,996 $ 219,600 
 Income from discontinued operations, net of income attributable            
  to noncontrolling interests  32,401   77,458   47,331   111,649 
 Net income attributable to Vornado  219,234   151,524   509,327   331,249 
 Preferred share dividends  (20,364)   (20,365)   (60,213)   (61,099) 
 Net income attributable to common shareholders  198,870   131,159   449,114   270,150 
 Earnings allocated to unvested participating securities  (18)   (19)   (56)   (70) 
 Numerator for basic income per share  198,852   131,140   449,058   270,080 
 Impact of assumed conversions:            
  Convertible preferred share dividends  23   23   69   49 
  Earnings allocated to Out-Performance Plan units  -   -   628   - 
 Numerator for diluted income per share$ 198,875 $ 131,163 $ 449,755 $ 270,129 
                
Denominator:            
 Denominator for basic income per share – weighted average shares  188,504   187,671   188,291   187,503 
 Effect of dilutive securities(1):            
  Employee stock options and restricted share awards  1,032   1,099   1,187   1,046 
  Convertible preferred shares  45   42   46   43 
  Out-Performance Plan units  -   -   265   - 
 Denominator for diluted income per share – weighted average             
  shares and assumed conversions  189,581   188,812   189,789   188,592 
                
INCOME PER COMMON SHARE – BASIC:            
 Income from continuing operations, net$0.88 $0.29 $2.13 $0.84 
 Income from discontinued operations, net 0.17  0.41  0.25  0.60 
 Net income per common share$1.05 $0.70 $2.38 $1.44 
                
INCOME PER COMMON SHARE – DILUTED:            
 Income from continuing operations, net$0.88 $0.28 $2.12 $0.84 
 Income from discontinued operations, net 0.17  0.41  0.25  0.59 
 Net income per common share$1.05 $0.69 $2.37 $1.43 
                
                
(1)The effect of dilutive securities for the three months ended September 30, 2015 and 2014 excludes an aggregate of 11,871 and 11,245 weighted average common share equivalents, respectively, and 11,341 and 11,257 weighted average common share equivalents for the nine months ended September 30, 2015 and 2014, respectively, as their effect was anti-dilutive.