XML 58 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
Earnings per Share ("EPS"):
 3 Months Ended
Mar. 31, 2012
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 three months ended March 31, 2012 and 2011 (shares in thousands):

 
   For the Three Months
Ended March 31, 		 
 
   2012   2011  

Numerator

              

Income from continuing operations

   $ 46,673   $ 5,179  

Loss from discontinued operations

     (58,396 )   (5,088 )

Net income attributable to noncontrolling interests

     (2,345 )   (57 )
           

Net (loss) income attributable to the Company

     (14,068 )   34  

Allocation of earnings to participating securities

     (317 )   (542 )
           

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

   $ (14,385 ) $ (508 )
           

Denominator

              

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

     132,273     130,574  
           

Earnings per common share—basic:

              

Income from continuing operations

   $ 0.30   $ 0.04  

Discontinued operations

     (0.41 )   (0.04 )
           

Net (loss) income available to common stockholders

   $ (0.11 ) $ —  
           

Earnings per common share—diluted:

              

Income from continuing operations

   $ 0.30   $ 0.04  

Discontinued operations

     (0.41 )   (0.04 )
           

Net (loss) income available to common stockholders

   $ (0.11 ) $ —  
           
(1)
The Senior Notes (See Note 11—Bank and Other Notes Payable) are excluded from diluted EPS for the three months ended March 31, 2012 and 2011 as their effect was antidilutive.

Diluted EPS excludes 208,640 convertible non-participating preferred units for the three months ended March 31, 2012 and 2011 as their impact was antidilutive.

Diluted EPS excludes 1,156,985 and 1,242,314 of unexercised stock appreciation rights ("SARs") for the three months ended March 31, 2012 and 2011, respectively, as their effect was antidilutive.

Diluted EPS excludes 13,500 and 132,314 of unexercised stock options for the three months ended March 31, 2012 and 2011, respectively, as their effect was antidilutive.

Diluted EPS excludes 623,572 and 935,358 of unexercised stock warrants for the three months ended March 31, 2012 and 2011, respectively, as their effect was antidilutive.

Diluted EPS excludes 11,178,828 and 11,902,657 of Operating Partnership units ("OP Units") for the three months ended March 31, 2012 and 2011, respectively, as their effect was antidilutive.