Income per Common Share of the Trust

9 Months Ended

Sep. 30, 2014

Earnings Per Share [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
	September 30, 2014					September 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	$	34,290	147,422	$	0.23	$	22,316	135,628	$	0.16
Dilutive shares for long-term compensation plans	—		666			—		700
Diluted income from continuing operations
Income from continuing operations net of noncontrolling interest	$	34,290	148,088	$	0.23	$	22,316	136,328	$	0.16
Basic income from discontinued operations
Discontinued operations net of noncontrolling interest	$	133	147,422	$	—	$	6,383	135,628	$	0.05
Dilutive shares for long-term compensation plans	—		666			—		700
Diluted income from discontinued operations
Discontinued operations net of noncontrolling interest	$	133	148,088	$	—	$	6,383	136,328	$	0.05
Basic income per common share
Net income available to common shareholders	$	34,423	147,422	$	0.23	$	28,699	135,628	$	0.21
Dilutive shares for long-term compensation plans	—		666			—		700
Diluted income per common share
Net income available to common shareholders	$	34,423	148,088	$	0.23	$	28,699	136,328	$	0.21

	For the Nine Months Ended					For the Nine Months Ended
	September 30, 2014					September 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	$	88,430	146,987	$	0.60	$	72,048	124,889	$	0.58
Dilutive shares for long-term compensation plans	—		674			—		766
Diluted income from continuing operations
Income from continuing operations net of noncontrolling interest	88,430		147,661	$	0.60	72,048		125,655	$	0.57
Basic income from discontinued operations
Discontinued operations net of noncontrolling interest	47,142		146,987	$	0.32	67,999		124,889	$	0.54
Dilutive shares for long-term compensation plans	—		674			—		766
Diluted income from discontinued operations
Discontinued operations net of noncontrolling interest	47,142		147,661	$	0.32	67,999		125,655	$	0.54
Basic income per common share
Net income available to common shareholders	135,572		146,987	$	0.92	140,047		124,889	$	1.12
Dilutive shares for long-term compensation plans	—		674			—		766
Diluted income per common share
Net income available to common shareholders	$	135,572	147,661	$	0.92	$	140,047	125,655	$	1.11

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 for the three and nine months ended September 30, 2014 were 1,183,000 and 850,000, respectively, as compared to 994,000 and 959,000, respectively, for the same periods in 2013.

Stock Option Exercises [Text Block]

During the three months ended September 30, 2014, no common shares were issued upon the exercise of options. During the nine months ended September 30, 2014, 43,000 common shares 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.