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Earnings Per OP Unit of MAALP Earnings Per OP Unit of MAALP (Tables)
 3 Months Ended
Mar. 31, 2014
Earnings Per OP Unit of MAALP [Abstract]  
Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block]
(dollars and shares in thousands, except per share amounts)
Three months ended March 31,
 
2014
 
2013
Shares Outstanding
 
 
 
Weighted average common shares - basic
74,803

 
42,354

Weighted average partnership units outstanding
—

(1) 
1,715

Effect of dilutive securities
—

(1) 
80

Weighted average common shares - diluted
74,803

 
44,149

 
 
 
 
Calculation of Earnings per Share - basic
 

 
 

Income from continuing operations
$
6,698

 
$
20,223

Gain on sale of depreciable assets excluded from discontinued operations
2,564

 
—

Gain on sale of non-depreciable assets
557

 
—

Income from continuing operations attributable to noncontrolling interests
(534
)
 
(760
)
Income from continuing operations allocated to unvested restricted shares
(17
)
 
(18
)
Income from continuing operations available for common shareholders, adjusted
$
9,268

 
$
19,445

 
 
 
 
Income from discontinued operations
$
5,895

 
$
1,782

Income from discontinued operations attributable to noncontrolling interest
(314
)
 
(65
)
Income from discontinued operations allocated to unvested restricted shares
(10
)
 
(2
)
Income from discontinued operations available for common shareholders, adjusted
$
5,571

 
$
1,715

 
 
 
 
Weighted average common shares - basic
74,803

 
42,354

Earnings per share - basic
$
0.20

 
$
0.50

 
 
 
 
Calculation of Earnings per Share - diluted
 

 
 

Income from continuing operations
$
6,698

 
$
20,223

Gain on sale of depreciable assets
2,564

 
—

Gain on sale of non-depreciable assets
557

 
—

Income from continuing operations attributable to noncontrolling interests
(534
)
(1) 
—

Income from continuing operations allocated to unvested restricted shares
(17
)
(1) 
—

Income from continuing operations available for common shareholders, adjusted
$
9,268

 
$
20,223

 
 
 
 
Income from discontinued operations
$
5,895

 
$
1,782

Income from discontinued operations attributable to noncontrolling interest
(314
)
(1) 
—

Income from discontinued operations allocated to unvested restricted shares
(10
)
(1) 
—

Income from discontinued operations available for common shareholders, adjusted
$
5,571

 
$
1,782

 
 
 
 
Weighted average common shares - diluted
74,803

 
44,149

Earnings per share - diluted
$
0.20

 
$
0.50


(1) Operating partnership units, other dilutive securities, and the related income with each are not included in the diluted earnings per share calculations as they were not dilutive.
A reconciliation of the numerators and denominators of the basic and diluted earnings per unit computations for the three months ended March 31, 2014 and 2013 is presented below:

(dollars and units in thousands, except per unit amounts)
Three months ended March 31,
 
2014
 
2013
Units Outstanding
 
 
 
Weighted average common units - basic
79,023

 
44,109

Effect of dilutive securities
—

(1) 
80

Weighted average common units - diluted
79,023

 
44,189

 
 
 
 
Calculation of Earnings per Unit - basic
 

 
 

Income from continuing operations
$
6,698

 
$
20,223

Gain on sale of depreciable assets excluded from discontinued operations
2,564

 
—

Gain on sale of non-depreciable assets
557

 
—

Income from continuing operations allocated to unvested restricted shares
(17
)
 
(18
)
Income from continuing operations available for common unitholders, adjusted
$
9,802

 
$
20,205

 
 
 
 
Income from discontinued operations
$
5,895

 
$
1,570

Income from discontinued operations allocated to unvested restricted shares
(10
)
 
(1
)
Income from discontinued operations available for common unitholders, adjusted
$
5,885

 
$
1,569

 
 
 
 
Weighted average common units - basic
79,023

 
44,109

Earnings per unit - basic:
$
0.20

 
$
0.49

 
 
 
 
Calculation of Earnings per Unit - diluted
 

 
 

Income from continuing operations
$
6,698

 
$
20,223

Gain on sale of depreciable assets
2,564

 
—

Gain on sale of non-depreciable assets
557

 
—

Income from continuing operations allocated to unvested restricted shares
(17
)
(1) 
—

Income from continuing operations available for common unitholders, adjusted
$
9,802

 
$
20,223

 
 
 
 
Income from discontinued operations
$
5,895

 
$
1,570

Income from discontinued operations allocated to unvested restricted shares
(10
)
(1) 
—

Income from discontinued operations available for common unitholders, adjusted
$
5,885

 
$
1,570

 
 
 
 
Weighted average common units - diluted
79,023

 
44,189

Earnings per unit - diluted:
$
0.20

 
$
0.49


(1) Dilutive securities and the related income are not included in the diluted earnings per unit calculations as they were not dilutive.