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Earnings per Share ("EPS"):
 12 Months Ended
Dec. 31, 2011
Earnings per Share ("EPS"):  
Earnings per Share ("EPS"):

3. Earnings per Share ("EPS"):

        The following table reconciles the numerator and denominator used in the computation of earnings per share for the years ended December 31 (shares in thousands, except per share amounts):

 
   2011   2010   2009  

Numerator

                    

Income from continuing operations

   $ 209,231   $ 31,546   $ 181,234  

Loss from discontinued operations

     (40,156 )   (3,126 )   (41,984 )

Net income attributable to noncontrolling interests

     (12,209 )   (3,230 )   (18,508 )
               

Net income attributable to the Company

     156,866     25,190     120,742  

Allocation of earnings to participating securities

     (1,436 )   (2,615 )   (3,270 )
               

Numerator for basic and diluted earnings per share—net income available to common stockholders

   $ 155,430   $ 22,575   $ 117,472  
               

Denominator

                    

Denominator for basic and diluted earnings per share—weighted average number of common shares outstanding(1)

     131,628     120,346     81,226  
               

Earnings per common share—basic:

                    

Income from continuing operations

   $ 1.46   $ 0.21   $ 1.90  

Discontinued operations

     (0.28 )   (0.02 )   (0.45 )
               

Net income available to common stockholders

   $ 1.18   $ 0.19   $ 1.45  
               

Earnings per common share—diluted:

                    

Income from continuing operations

   $ 1.46   $ 0.21   $ 1.90  

Discontinued operations

     (0.28 )   (0.02 )   (0.45 )
               

Net income available to common stockholders

   $ 1.18   $ 0.19   $ 1.45  
               
(1)
The Senior Notes (See Note 11—Bank and Other Notes Payable) are excluded from diluted EPS for the years ended December 31, 2011, 2010 and 2009 as their effect would be antidilutive.


Diluted EPS excludes 208,640, 208,640 and 205,757 convertible non-participating preferred units for the years ended December 31, 2011, 2010 and 2009, respectively, as their impact was antidilutive.


Diluted EPS excludes 1,203,280, 1,150,172 and 1,226,447 of unexercised stock appreciation rights for the years ended December 31, 2011, 2010 and 2009, respectively, as their effect was antidilutive.

Diluted EPS excludes 94,685, 122,500 and 127,500 of unexercised stock options for the years ended December 31, 2011, 2010 and 2009, respectively, as their effect was antidilutive.


Diluted EPS excludes 933,650, 935,358 and 2,185,358 of unexercised stock warrants for the years ended December 31, 2011, 2010 and 2009, respectively, as their effect was antidilutive.


Diluted EPS excludes 11,356,922 and 11,596,953 and 11,990,731 operating partnership units for the years ended December 31, 2011, 2010 and 2009, respectively, as their effect was antidilutive.