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EARNINGS PER SHARE AND UNIT AND SHAREHOLDERS' EQUITY AND CAPITAL (Tables) | 12 Months Ended
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Dec. 31, 2014
EARNINGS PER SHARE AND UNIT AND SHAREHOLDERS' EQUITY AND CAPITAL |
Summary of the elements used in calculating basic and diluted earnings (loss) per common share |
|  | For the year ended December 31, |
|  | 2014 |  | 2013 |  | 2012 |
|  | (Dollars and shares in thousands, except per share amounts) |
Income (loss) from continuing operations |  | $ | 26,366 |  | $ | 10,409 |  | $ | (13,276 | )
Noncontrolling interests in the Operating Partnership |  | (302 | ) | (51 | ) | 513 |
Noncontrolling interest in subsidiaries |  | (16 | ) | 42 |  | (1,918 | )
Distribution to preferred shares (1) |  | (6,008 | ) | (6,008 | ) | (6,008 | )
Income (loss) from continuing operations attributable to the Company’s common shareholders |  | $ | 20,040 |  | $ | 4,392 |  | $ | (20,689 | )
Total discontinued operations |  | 336 |  | 31,585 |  | 16,904 |
Noncontrolling interests in the Operating Partnership |  | (5 | ) | (537 | ) | (406 | )
Total discontinued operations attributable to the Company’s common shareholders |  | $ | 331 |  | $ | 31,048 |  | $ | 16,498 |
Net income (loss) attributable to the Company’s common shareholders |  | $ | 20,371 |  | $ | 35,440 |  | $ | (4,191 | )
Weighted-average shares outstanding |  | 149,107 |  | 135,191 |  | 124,548 |
Share options and restricted share units (2) |  | 1,756 |  | 2,551 |  | — |
Weighted-average diluted shares outstanding (3) |  | 150,863 |  | 137,742 |  | 124,548 |
Earnings (loss) per common share: |  |  |  |  |  |  |
Continuing operations |  | $ | 0.13 |  | $ | 0.03 |  | $ | (0.17 | )
Discontinued operations |  | 0.01 |  | 0.23 |  | 0.14 |
Basic and diluted earnings (loss) per common share |  | $ | 0.14 |  | $ | 0.26 |  | $ | (0.03 | )
|  | For the year ended December 31, |
|  | 2014 |  | 2013 |  | 2012 |
|  | (Dollars and units in thousands, except per unit amounts) |
Income (loss) from continuing operations |  | $ | 26,366 |  | $ | 10,409 |  | $ | (13,276 | )
Operating Partnership interests of third parties |  | (302 | ) | (51 | ) | 513 |
Noncontrolling interest in subsidiaries |  | (16 | ) | 42 |  | (1,918 | )
Distribution to preferred unitholders (1) |  | (6,008 | ) | (6,008 | ) | (6,008 | )
Income (loss) from continuing operations attributable to common unitholders |  | $ | 20,040 |  | $ | 4,392 |  | $ | (20,689 | )
Total discontinued operations |  | 336 |  | 31,585 |  | 16,904 |
Operating Partnership interests of third parties |  | (5 | ) | (537 | ) | (406 | )
Total discontinued operations attributable to common unitholders |  | $ | 331 |  | $ | 31,048 |  | $ | 16,498 |
Net income (loss) attributable to common unitholders |  | $ | 20,371 |  | $ | 35,440 |  | $ | (4,191 | )
Weighted-average units outstanding |  | 149,107 |  | 135,191 |  | 124,548 |
Unit options and restricted share units (2) |  | 1,756 |  | 2,551 |  | — |
Weighted-average diluted units outstanding (3) |  | 150,863 |  | 137,742 |  | 124,548 |
Earnings (loss) per common unit: |  |  |  |  |  |  |
Continuing operations |  | $ | 0.13 |  | $ | 0.03 |  | $ | (0.17 | )
Discontinued operations |  | 0.01 |  | 0.23 |  | 0.14 |
Basic and diluted earnings (loss) per common unit |  | $ | 0.14 |  | $ | 0.26 |  | $ | (0.03 | )
| (1) |  | For each of the years ended December 31, 2014, 2013 and 2012, the Company declared cash dividends per preferred share/unit of $1.938.
| (2) |  | For the year ended December 31, 2012, the potentially dilutive shares/units of approximately 2,000,000 were not included in the earnings per share/unit calculation as their effect is antidilutive.
| (3) |  | For the years ended December 31, 2014, 2013 and 2012, the Company declared cash dividends per common share/unit of $0.550, $0.460 and $0.350, respectively.

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- 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
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