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Earnings/(Loss) Per Share
 6 Months Ended
Jun. 30, 2012
Earnings Per Share [Abstract]  
EARNINGS/(LOSS) PER SHARE
EARNINGS/(LOSS) PER SHARE
Basic and diluted income/(loss) per common share are computed based upon the weighted average number of common shares outstanding during the periods as the effect of adding stock options and other common stock equivalents such as the non-vested restricted stock awards is anti-dilutive.
The following table sets forth the computation of basic and diluted earnings/(loss) per share for the periods presented (amounts in thousands, except per share data):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2012
 
2011
 
2012
 
2011
Numerator for earnings per share — basic and diluted:
 
 
 
 
 
 
 
Net income/(loss) attributable to common stockholders
$
145,721

 
$
12,149

 
$
226,569

 
$
(18,094
)
Denominator for earnings per share — basic and diluted:
 
 
 
 
 
 
 
Weighted average common shares outstanding
234,657

 
191,758

 
228,697

 
187,832

Non-vested restricted stock awards
(626
)
 
(1,279
)
 
(931
)
 
(1,305
)
Denominator for basic and diluted earnings per share
234,031

 
190,479

 
227,766

 
186,527

Net income/(loss) attributable to common stockholders - basic and diluted
$
0.62

 
$
0.06

 
$
0.99

 
$
(0.10
)

The effect of the conversion of the OP Units, convertible preferred stock, convertible debt, stock options and restricted stock is not dilutive and is therefore not included in the above calculations as the Company reported a loss from continuing operations attributable to common stockholders.
If the OP Units were converted to common stock, the additional weighted average common shares outstanding for the three and six months ended June 30, 2012 and 2011 would be 9,416,843 and 9,419,070 and 7,630,342 and 6,353,248, respectively.
If the convertible preferred stock were converted to common stock, the additional shares of common stock outstanding for the three and six months ended June 30, 2012 and 2011 would be 3,035,548 weighted average common shares.
If the stock options and unvested restricted stock were converted to common stock, the additional weighted average common shares outstanding using the treasury stock method would be a 1,348,466 and 1,328,336 and 2,043,257 and 1,997,222 weighted average common shares for the three and six months ended June 30, 2012 and 2011, respectively.