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Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2015
Equity [Abstract]  
Reconciliation of total equity
The following table provides a reconciliation of total stockholders' equity for the nine months ended September 30, 2015:
(Dollars in thousands, except per share data)
Common
Stock
 
Additional
Paid-In
Capital
 
Accumulated
Other
Comprehensive
Loss
 
Cumulative
Net
Income Attributable to Common Stockholders
 
Cumulative
Dividends
 
Total
Stockholders’
Equity
Balance at December 31, 2014
$
988

 
$
2,389,830

 
$
(2,519
)
 
$
840,249

 
$
(2,007,494
)
 
$
1,221,054

Issuance of common stock
16

 
41,733

 

 

 

 
41,749

Common stock redemptions

 
(271
)
 

 

 

 
(271
)
Stock-based compensation
1

 
4,557

 

 

 

 
4,558

Net income

 

 

 
50,778

 

 
50,778

Amounts reclassified from accumulated other comprehensive loss arising from loss on defined benefit pension plan

 

 
2,519

 

 

 
2,519

Loss on forward starting interest rate swaps

 

 
(1,611
)
 

 

 
(1,611
)
Dividends to common stockholders ($0.90 per share)

 

 

 

 
(90,078
)
 
(90,078
)
Balance at September 30, 2015
$
1,005

 
$
2,435,849

 
$
(1,611
)
 
$
891,027

 
$
(2,097,572
)
 
$
1,228,698

Reconciliation of beginning and ending common stock outstanding
Common Stock    
The following table provides a reconciliation of the beginning and ending shares of common stock outstanding for the nine months ended September 30, 2015 and the year ended December 31, 2014:
 
September 30, 2015
 
December 31, 2014
Balance, beginning of period
98,828,098

 
95,924,339

Issuance of common stock
1,546,601

 
3,073,445

Nonvested share-based awards, net
102,150

 
(169,686
)
Balance, end of period
100,476,849

 
98,828,098

Schedule of accumulated other comprehensive income (loss)
The following table represents the changes in balances of each component and the amounts reclassified out of accumulated other comprehensive income (loss) related to the Company during the nine months ended September 30, 2015 and 2014:
 
Forward-starting Interest Rate Swaps
 
Defined Benefit Pension Plan
(Dollars in thousands)
2015
 
2014
 
2015
 
2014
Beginning balance
$

 
$

 
$
(2,519
)
 
$
51

Other comprehensive income (loss) before reclassifications
(1,684
)
 

 

 

Amounts reclassified from accumulated other comprehensive loss arising from loss on defined benefit pension plan

 

 
2,519

 

Amounts reclassified from accumulated other comprehensive loss
73

 

 

 

Net accumulated other comprehensive income (loss)
(1,611
)
 

 
2,519

 

Ending balance
$
(1,611
)
 
$

 
$


$
51

Earnings (loss) per share
Earnings (Loss) Per Common Share
The following table sets forth the computation of basic and diluted earnings (loss) per common share for the three and nine months ended September 30, 2015 and 2014.
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(Dollars in thousands, except per share data)
2015
 
2014
 
2015
 
2014
Weighted average Common Shares outstanding
 
 
 
 
 
 
 
Weighted average Common Shares outstanding
100,440,463

 
97,651,673

 
100,101,187

 
96,677,774

Nonvested shares
(1,103,379
)
 
(1,793,639
)
 
(1,107,585
)
 
(1,832,242
)
Weighted average Common Shares outstanding—Basic
99,337,084

 
95,858,034

 
98,993,602

 
94,845,532

Weighted average Common Shares outstanding—Basic
99,337,084

 
95,858,034

 
98,993,602

 
94,845,532

Dilutive effect of restricted stock
595,930

 
1,369,047

 
597,713

 
1,346,032

Dilutive effect of employee stock purchase plan
63,541

 
101,963

 
102,355

 
118,854

Weighted average Common Shares outstanding—Diluted
99,996,555

 
97,329,044

 
99,693,670

 
96,310,418

Net Income (Loss)
 
 
 
 
 
 
 
Income from continuing operations
$
16,848

 
$
8,437

 
$
39,482

 
$
24,920

Noncontrolling interests’ share in net income

 
(162
)
 

 
(313
)
Income from continuing operations attributable to common stockholders
16,848

 
8,275

 
39,482

 
24,607

Discontinued operations
10,632

 
(4,284
)
 
11,296

 
(10,793
)
Net income attributable to common stockholders
$
27,480

 
$
3,991

 
$
50,778

 
$
13,814

Basic Earnings (Loss) Per Common Share

 

 
 
 
 
Income from continuing operations
$
0.17

 
$
0.09

 
$
0.40

 
$
0.26

Discontinued operations
0.11

 
(0.05
)
 
0.11

 
(0.11
)
Net income attributable to common stockholders
$
0.28

 
$
0.04

 
$
0.51

 
$
0.15

Diluted Earnings (Loss) Per Common Share

 

 
 
 
 
Income from continuing operations
$
0.17

 
$
0.09

 
$
0.40

 
$
0.26

Discontinued operations
0.10

 
(0.05
)
 
0.11

 
(0.12
)
Net income attributable to common stockholders
$
0.27

 
$
0.04

 
$
0.51

 
$
0.14

Summary of the activity under the Incentive Plan
A summary of the activity under the stock-based incentive plans for the three and nine months ended September 30, 2015 and 2014 is included in the table below.
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2015
 
2014
 
2015
 
2014
Stock-based awards, beginning of period
1,103,379

 
1,837,855

 
1,057,732

 
1,788,168

Granted
520

 

 
112,789

 
128,199

Vested
(520
)
 
(4,911
)
 
(67,142
)
 
(83,423
)
Forfeited

 
(67,798
)
 

 
(67,798
)
Stock-based awards, end of period
1,103,379

 
1,765,146

 
1,103,379

 
1,765,146

Summary of employee stock purchase plan activity
A summary of the activity under the Purchase Plan for the three and nine months ended September 30, 2015 and 2014 is included in the table below.
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2015
 
2014
 
2015
 
2014
Outstanding and exercisable, beginning of period
365,219

 
440,471

 
393,902

 
391,108

Granted

 

 
197,640

 
275,655

Exercised
(3,883
)
 
(11,668
)
 
(39,814
)
 
(40,988
)
Forfeited
(9,807
)
 
(5,219
)
 
(41,253
)
 
(44,316
)
Expired

 

 
(158,946
)
 
(157,875
)
Outstanding and exercisable, end of period
351,529

 
423,584

 
351,529

 
423,584