XML 76 R27.htm IDEA: XBRL DOCUMENT
v3.2.0.727

Interim Financial Statements (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2015
Interim Financial Statements [Abstract] |
Schedule of reconciliation of earnings and the weighted average number of shares |
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
Computation of Basic Earnings Per Share: |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 101,110 |  |  | $ | 128,989 |  |  | $ | 381,869 |  |  | $ | 204,598 |
Gain on sale of operating properties, net of tax |  |  | 26,499 |  |  |  | 389 |  |  |  | 58,554 |  |  |  | 389 |
Net income attributable to noncontrolling interests |  |  | (609 | ) |  |  | (2,438 | ) |  |  | (3,006 | ) |  |  | (11,298 | )
Discontinued operations attributable to noncontrolling interests |  |  | - |  |  |  | 815 |  |  |  | - |  |  |  | 7,429 |
Preferred stock dividends |  |  | (14,573 | ) |  |  | (14,573 | ) |  |  | (29,146 | ) |  |  | (29,147 | )
Income from continuing operations available to the common shareholders |  |  | 112,427 |  |  |  | 113,182 |  |  |  | 408,271 |  |  |  | 171,971 |
Earnings attributable to participating securities |  |  | (458 | ) |  |  | (501 | ) |  |  | (1,940 | ) |  |  | (819 | )
Income from continuing operations attributable to common shareholders |  |  | 111,969 |  |  |  | 112,681 |  |  |  | 406,331 |  |  |  | 171,152 |
Loss from discontinued operations attributable to the Company |  |  | - |  |  |  | (38,243 | ) |  |  | (75 | ) |  |  | (24,606 | )
Net income attributable to the Company’s common shareholders for basic earnings per share |  | $ | 111,969 |  |  | $ | 74,438 |  |  | $ | 406,256 |  |  | $ | 146,546 |
Weighted average common shares outstanding |  |  | 411,317 |  |  |  | 408,902 |  |  |  | 411,057 |  |  |  | 408,636 |
Basic Earnings Per Share Attributable to the Company’s Common Shareholders: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 0.27 |  |  | $ | 0.28 |  |  | $ | 0.99 |  |  | $ | 0.42 |
Loss from discontinued operations |  |  | - |  |  |  | (0.10 | ) |  |  | - |  |  |  | (0.06 | )
Net income attributable to the Company |  | $ | 0.27 |  |  | $ | 0.18 |  |  | $ | 0.99 |  |  | $ | 0.36 |
Computation of Diluted Earnings Per Share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations attributable to common shareholders |  | $ | 111,969 |  |  | $ | 112,681 |  |  | $ | 406,331 |  |  | $ | 171,152 |
Loss from discontinued operations attributable to the Company |  |  | - |  |  |  | (38,243 | ) |  |  | (75 | ) |  |  | (24,606 | )
Distributions on convertible units |  |  | 139 |  |  |  | 721 |  |  |  | 373 |  |  |  | 262 |
Net income attributable to the Company’s common shareholders for diluted earnings per share |  | $ | 112,108 |  |  | $ | 75,159 |  |  | $ | 406,629 |  |  | $ | 146,808 |
Weighted average common shares outstanding – basic |  |  | 411,317 |  |  |  | 408,902 |  |  |  | 411,057 |  |  |  | 408,636 |
Effect of dilutive securities (a): Equity awards |  |  | 1,103 |  |  |  | 2,923 |  |  |  | 1,281 |  |  |  | 1,046 |
Assumed conversion of convertible units |  |  | 666 |  |  |  | 1,519 |  |  |  | 810 |  |  |  | 727 |
Shares for diluted earnings per common share |  |  | 413,086 |  |  |  | 413,344 |  |  |  | 413,148 |  |  |  | 410,409 |
Diluted Earnings Per Share Attributable to the Company’s Common Shareholders: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 0.27 |  |  | $ | 0.27 |  |  | $ | 0.98 |  |  | $ | 0.42 |
Loss from discontinued operations |  |  | - |  |  |  | (0.09 | ) |  |  | - |  |  |  | (0.06 | )
Net income attributable to the Company |  | $ | 0.27 |  |  | $ | 0.18 |  |  | $ | 0.98 |  |  | $ | 0.36 |
| (a) | For the three and six months ended June 30, 2015 and 2014, the effect of certain convertible units would have an anti-dilutive effect upon the calculation of Income from continuing operations per share. Accordingly, the impact of such conversion has not been included in the determination of diluted earnings per share calculations. Additionally, there were 6,802,560 and 8,952,148 stock options that were not dilutive at June 30, 2015 and 2014, respectively.

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration