Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2012

Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block]

Computations of basic and diluted earnings per share from continuing operations were as follows (in thousands, except per share data):



	Three Months Ended March 31,
Numerator	2012		2011
Basic earnings: net income attributable to common stockholders	$	5,377	$	2,400
Add: amounts attributable to noncontrolling interest	—		185
Diluted earnings: net income available to common stockholders and unitholders	$	5,377	$	2,585
Denominator
Weighted average common shares outstanding	25,310		20,661
Weighted average unvested restricted stock outstanding	277		147
Basic weighted average common shares and unvested restricted stock outstanding	25,587		20,808
Add: dilutive securities	18		2,094
Diluted weighted average common shares and securities	25,605		22,902
Earnings per share available to common stockholders:
Basic	$	0.21	$	0.12
Diluted	$	0.21	$	0.11

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

The following table presents the number of outstanding potentially dilutive securities that were excluded from the computation of diluted earnings per share for the three months ended March 31, 2012 and 2011 (amounts in thousands):



	Three Months Ended March 31,
	2012	2011
Stock options	64	52
Common OP units	2,072	—
Preferred OP units	1,111	—
Aspen Preferred OP units	526	526
Total securities	3,773	578