Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2014

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



(in thousands)	September 30, 2014		December 31, 2013
Park Van Ness	$	18,690	$	7,901
Other	2,615		1,966
Total	$	21,305	$	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 September 30,		Nine Months Ended September 30,
(In thousands)	2014	2013	2014	2013
Weighted average common shares outstanding-Basic	20,839	20,452	20,726	20,300
Effect of dilutive options	39	34	35	30
Weighted average common shares outstanding-Diluted	20,878	20,486	20,761	20,330
Non-dilutive options (1)	113	118	113	118

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