XML 106 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Shareholders' Equity (USD $)
In Thousands, except Share data, unless otherwise specified
Total
Common Stock
Additional Paid-in Capital
Accumulated Distributions in Excess of Net Income
Accumulated Other Comprehensive Loss
Treasury Stock
Noncontrolling Interest
Balance at Dec. 31, 2010 $ 317,224 $ 4,657 $ 574,994 $ (205,021) $ 0 $ (58,446) $ 1,040
Balance (in shares) at Dec. 31, 2010   41,380,205          
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income attributable to AERC 5,328     5,328      
Other comprehensive income:              
Change in fair value of hedge intstruments (405)       (405)    
Noncontrolling interest (11)           (11)
Redemption of operating partnership units 0            
Share-based compensation 3,290   1,795 5   1,490  
Purchase of common shares (in shares)   (55,168)          
Purchase of common shares (857)         (857)  
Issuance of common shares (in shares)   788,676          
Issuance of common shares 13,300   6,278     7,022  
Option exercises (in shares)   80,456          
Option exercises 810   105     705  
Restricted share activity, net   136,730          
Cash dividends declared and paid to common shareholders (28,857)     (28,857)      
Balance at Dec. 31, 2011 309,822 4,657 583,172 (228,545) (405) (50,086) 1,029
Balance (in shares) at Dec. 31, 2011   42,330,899          
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income attributable to AERC 30,592     30,592      
Other comprehensive income:              
Change in fair value of hedge intstruments (2,529)       (2,529)    
Noncontrolling interest cash contribution 350           350
Noncontrolling interest (35)            
Redemption of operating partnership units 0            
Net (loss) income from noncontrolling interests 35           (35)
Share-based compensation 4,297   2,379 2   1,916  
Purchase of common shares (in shares)   (59,458)          
Purchase of common shares (959)         (959)  
Issuance of common shares (in shares) 2,921,667            
Issuance of common shares (in shares) 3,403,333 7,066,166          
Issuance of common shares 98,149 296 48,763     49,090  
Option exercises (in shares)   35,000          
Option exercises 312   273     39  
Restricted share activity, net   154,032          
Cash dividends declared and paid to common shareholders (35,257)     (35,257)      
Balance at Dec. 31, 2012 404,742 4,953 634,587 (233,208) (2,934) 0 1,344
Balance (in shares) at Dec. 31, 2012   49,526,639          
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income attributable to AERC 61,250     61,250      
Other comprehensive income:              
Change in fair value of hedge intstruments 2,232       2,232    
Redemption of operating partnership units 355   355        
Net (loss) income from noncontrolling interests 4,541   3,547       994
Share-based compensation 5,478 70 5,406 2   0  
Purchase of common shares (in shares)   (162,399)          
Purchase of common shares (2,618)         (2,618)  
Issuance of common shares (in shares)   7,176,107          
Issuance of common shares 116,751 716 116,029     6  
Option exercises (in shares) 259,164 259,164          
Option exercises 2,470 21 1,752     697  
Restricted share activity, net   676,681          
Cash dividends declared and paid to common shareholders (41,319)     (41,319)      
Balance at Dec. 31, 2013 $ 544,800 $ 5,760 $ 754,582 $ (213,275) $ (702) $ (1,915) $ 350
Balance (in shares) at Dec. 31, 2013   57,476,192