Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2016

Construction in progress as of March 31, 2016 and December 31, 2015, is composed of the following:



(in thousands)	March 31, 2016		December 31, 2015
Park Van Ness	$	86,079	$	77,245
Other	6,619		6,271
Total	$	92,698	$	83,516

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.



	As of or for the three months ended March 31,
(In thousands)	2016	2015
Weighted average common stock outstanding-Basic	21,306	21,018
Effect of dilutive options	31	119
Weighted average common stock outstanding-Diluted	21,337	21,137
Non-dilutive options	291	—
Years non-dilutive options were issued	2007 and 2015