Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2011

Reconciliation of equity attributable to the Company and to noncontrolling interests


						Accumulated
			Additional			Other			Cumulative						Total			Non
(Dollars in thousands,	Common		Paid-In			Comprehensive			Net			Cumulative			Stockholders’			controlling			Total
except per share data)	Stock		Capital			Loss			Income			Dividends			Equity			Interests			Equity

Balance at Dec. 31, 2010	$	661	$	1,641,379		$	(5,269	)	$	796,165		$	(1,593,926	)	$	839,010		$	3,730		$	842,740
Issuance of common stock		103		223,981			—			—			—			224,084			—			224,084
Common stock redemption		—		(51	)		—			—			—			(51	)		—			(51	)
Stock-based compensation		1		1,601			—			—			—			1,602			—			1,602
Net income (loss)		—		—			—			(3,778	)		—			(3,778	)		27			(3,751	)
Other comprehensive loss		—		—			—			—			—			—			—			—

Comprehensive loss																						(3,751	)
Dividends to common stockholders ($0.60 per share)		—		—			—			—			(42,570	)		(42,570	)		—			(42,570	)
Distributions to noncontrolling interests		—		—			—			—			—			—			(247	)		(247	)
Proceeds from noncontrolling interests		—		—			—			—			—			—			76			76
Purchase of noncontrolling interest in consolidated joint ventures		—		(1,469	)		—			—			—			(1,469	)		(3,586	)		(5,055	)

Balance at June 30, 2011	$	765	$	1,865,441		$	(5,269	)	$	792,387		$	(1,636,496	)	$	1,016,828		$	—		$	1,016,828

Reconciliation of the beginning and ending common stock outstanding


	Six Months Ended		Year Ended
	June 30,		December 31,
	2011		2010
Balance, beginning of period		66,071,424		60,614,931
Issuance of common stock		10,303,351		5,287,098
Restricted stock-based awards, net of forfeitures		93,075		169,395

Balance, end of period		76,467,850		66,071,424

Earning Loss Per Share


	Three Months Ended						Six Months Ended
	June 30,						June 30,
(Dollars in thousands, except per share data)	2011			2010			2011			2010
Weighted average Common Shares outstanding
Weighted average Common Shares outstanding		73,476,473			62,648,117			70,550,070			61,961,051
Unvested restricted stock		(1,441,319	)		(1,307,378	)		(1,440,527	)		(1,306,144	)

Weighted average Common Shares Outstanding — Basic		72,035,154			61,340,739			69,109,543			60,654,907


Weighted average Common Shares — Basic		72,035,154			61,340,739			69,109,543			60,654,907
Dilutive effect of restricted stock		1,045,698			975,990			—			958,973
Dilutive effect of employee stock purchase plan		68,380			65,680			—			76,442

Weighted average Common Shares Outstanding — Diluted		73,149,232			62,382,409			69,109,543			61,690,322


Net income (loss)
Income (loss) from continuing operations	$	1,513		$	4,259		$	(4,628	)	$	4,671
Noncontrolling interests’ share in net income		—			(40	)		(27	)		(105	)

Income (loss) from continuing operations attributable to common shareholders		1,513			4,219			(4,655	)		4,566
Discontinued operations		498			2,255			877			6,502

Net income (loss) attributable to common stockholders	$	2,011		$	6,474		$	(3,778	)	$	11,068


Basic Earnings (Loss) Per Common Share
Income (loss) from continuing operations	$	0.02		$	0.07		$	(0.07	)	$	0.08
Discontinued operations		0.01			0.04			0.02			0.10

Net income (loss) attributable to common stockholders	$	0.03		$	0.11		$	(0.05	)	$	0.18


Diluted Earnings (Loss) Per Common Share
Income from continuing operations	$	0.02		$	0.07		$	(0.07	)	$	0.08
Discontinued operations		0.01			0.03			0.02			0.10

Net income (loss) attributable to common stockholders	$	0.03		$	0.10		$	(0.05	)	$	0.18

Summary of the activity under the incentive plans


	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2011			2010			2011			2010

Stock-based awards, beginning of period		1,436,811			1,299,148			1,379,243			1,224,779
Granted		27,400			30,889			106,569			107,620
Vested		(16,000	)		(18,586	)		(26,675	)		(20,948	)
Forfeited		—			—			(10,926	)		—

Stock-based awards, end of period		1,448,211			1,311,451			1,448,211			1,311,451

Employee stock purchase plan


	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2011			2010			2011			2010

Outstanding and exercisable, beginning of period		626,480			576,660			392,517			335,608
Granted		—			—			261,960			256,080
Exercised		(2,654	)		(2,074	)		(7,245	)		(5,442	)
Forfeited		(9,376	)		(7,819	)		(32,782	)		(19,479	)
Expired		(166,207	)		(136,536	)		(166,207	)		(136,536	)

Outstanding and exercisable, end of period		448,243			430,231			448,243			430,231

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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