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Organization and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2012
Notes To Financial Statements [Abstract]  
Reconciliation of the Numerators and Denominators of the Basic and Diluted Earnings Per Share Computations
A reconciliation of the numerators and denominators of the basic and diluted earnings per share computations for the years ended December 31, 2012, 2011, and 2010 is presented below:
 
For the twelve months ended
December 31,
 
 
2012
 
2011
 
2010
 
Shares Outstanding
 

 
 

 
 

 
Weighted average common shares - basic
41,039

 
36,995

 
31,856

 
Weighted average partnership units outstanding
1,834

 
1,992

 

(1)
Effect of dilutive securities
64

 
100

 
121

 
Weighted average common shares - diluted
42,937

 
39,087

 
31,977

 
 
 
 
 
 
 
 
Calculation of Earnings per Share - basic
 

 
 

 
 

 
Income from continuing operations, adjusted
$
64,761

 
$
33,059

 
$
15,754

 
Income from discontinued operations, adjusted
40,437

 
15,521

 
2,301

 
Net income attributable to common shareholders, adjusted
$
105,198

 
$
48,580

 
$
18,055

 
 
 
 
 
 
 
 
Weighted average common shares - basic
41,039

 
36,995

 
31,856

 
Earnings per share - basic:
 

 
 

 
 

 
Income from continuing operations
available for common shareholders
$
1.58

 
$
0.90

 
$
0.50

 
Discontinued property operations
0.98

 
0.42

 
0.07

 
Net income available for common shareholders
$
2.56

 
$
1.32

 
$
0.57

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Calculation of Earnings per Share - diluted
 

 
 

 
 

 
Net income available for common shareholders
$
105,223

 
$
48,821

 
$
18,063

 
Net income attributable to noncontrolling interests
4,602

 
2,410

 

(1)
Net income attributable to discontinued operations, adjusted
(42,260
)
 
(16,412
)
 
(2,287
)
 
Adjusted net income from continuing operations
available for common shareholders
$
67,565

 
$
34,819

 
$
15,776

 
 
 
 
 
 
 
 
Weighted average common shares - diluted
42,937

 
39,087

 
31,977

 
Earnings per share - diluted
 

 
 

 
 

 
Income from continuing operations
available for common shareholders
$
1.57

 
$
0.89

 
$
0.49

 
Discontinued property operations
0.99

 
0.42

 
0.07

 
Net income available for common shareholders
$
2.56

 
$
1.31

 
$
0.56

 
(1)
Operating partnership units and related net income are not included in dilutive earnings per share calculations for the twelve month period ended December 31, 2010 as they were not dilutive.