Income per Common Share of the Trust

6 Months Ended

Jun. 30, 2014

Income per Common Share of the Trust [Abstract]

Earnings Per Share [Text Block]

Income per Common Share of the Trust

The following table sets forth the computation of basic and diluted income per common share of the Trust (in thousands except per share amounts):

	For the Three Months Ended					For the Three Months Ended
	June 30, 2014					June 30, 2013
	Income (Loss) (Numerator)		Weighted Average Shares (Denominator)	Per Share		Income (Numerator)		Weighted Average Shares (Denominator)	Per Share
Basic income from continuing operations
Income from continuing operations net of noncontrolling interest	$	29,014	147,012	$	0.20	$	26,848	120,081	$	0.22
Dilutive shares for long-term compensation plans	—		762			—		830
Diluted income from continuing operations
Income from continuing operations net of noncontrolling interest	$	29,014	147,774	$	0.20	$	26,848	120,911	$	0.22
Basic income from discontinued operations
Discontinued operations net of noncontrolling interest	$	235	147,012	$	—	$	13,261	120,081	$	0.11
Dilutive shares for long-term compensation plans	—		762			—		830
Diluted income from discontinued operations
Discontinued operations net of noncontrolling interest	$	235	147,774	$	—	$	13,261	120,911	$	0.11
Basic income per common share
Net income available to common shareholders	$	29,249	147,012	$	0.20	$	40,109	120,081	$	0.33
Dilutive shares for long-term compensation plans	—		762			—		830
Diluted income per common share
Net income available to common shareholders	$	29,249	147,774	$	0.20	$	40,109	120,911	$	0.33

	For the Six Months Ended					For the Six Months Ended
	June 30, 2014					June 30, 2013
	Income (Numerator)		Weighted Average Shares (Denominator)	Per Share		Income (Numerator)		Weighted Average Shares (Denominator)	Per Share
Basic income from continuing operations
Income from continuing operations net of noncontrolling interest	$	54,262	146,749	$	0.37	$	49,751	119,416	$	0.42
Dilutive shares for long-term compensation plans	—		695			—		813
Diluted income from continuing operations
Income from continuing operations net of noncontrolling interest	54,262		147,444	$	0.37	49,751		120,229	$	0.42
Basic income from discontinued operations
Discontinued operations net of noncontrolling interest	46,887		146,749	$	0.32	61,597		119,416	$	0.51
Dilutive shares for long-term compensation plans	—		695			—		813
Diluted income from discontinued operations
Discontinued operations net of noncontrolling interest	46,887		147,444	$	0.32	61,597		120,229	$	0.51
Basic income per common share
Net income available to common shareholders	101,149		146,749	$	0.69	111,348		119,416	$	0.93
Dilutive shares for long-term compensation plans	—		695			—		813
Diluted income per common share
Net income available to common shareholders	$	101,149	147,444	$	0.69	$	111,348	120,229	$	0.93

Dilutive shares for long-term compensation plans represent the unvested common shares outstanding during the periods as well as the dilutive effect of outstanding options. The amount of anti-dilutive options excluded from the computation of diluted income per common share was 750,000 for both the three and six months ended June 30, 2014 as compared to 625,000 and 773,000, respectively, for the same periods in 2013.

During the three and six months ended June 30, 2014, 42,000 and 43,000 common shares, respectively, were issued upon the exercise of options. During the year ended December 31, 2013, 504,000 common shares were issued upon the exercise of options.