Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2014

Construction in progress as of June 30, 2014 and December 31, 2013, is composed of the following:



(in thousands)	June 30, 2014		December 31, 2013
Park Van Ness	$	13,845	$	7,901
Other	2,414		1,966
Total	$	16,259	$	9,867

Basic and Diluted Shares Outstanding

The following table sets forth, for the indicated periods, weighted averages of the number of common shares outstanding, basic and dilutive, the effect of dilutive options and the number of options which are not dilutive because the average price of the Company's common stock was less than the exercise prices. The treasury stock method was used to measure the effect of the dilution.



	Three Months Ended June 30,		Six Months Ended June 30,
(In thousands)	2014	2013	2014	2013
Weighted average common shares outstanding-Basic	20,717	20,301	20,670	20,224
Effect of dilutive options	26	22	32	27
Weighted average common shares outstanding-Diluted	20,743	20,323	20,702	20,251
Non-dilutive options (1)	113	118	113	118

(1) The non-dilutive options were issued in 2007 and 2008.