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Earnings per Share ("EPS"): | 6 Months Ended
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Jun. 30, 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 and six months ended June 30, 2012 and 2011 (shares in thousands):
|  | For the Three Months Ended June 30, |  | For the Six Months Ended June 30, |
--- | --- | --- | --- | --- | ---
|  | 2012 |  | 2011 |  | 2012 |  | 2011 |
Numerator |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 14,905 |  | $ | 19,605 |  | $ | 63,109 |  | $ | 25,131 |
Income (loss) from discontinued operations |  |  | 129,638 |  |  | (40,516 | ) |  | 69,710 |  |  | (45,951 | )
Net (income) loss attributable to noncontrolling interests |  |  | (11,189 | ) |  | 1,695 |  |  | (13,533 | ) |  | 1,638 |
Net income (loss) attributable to the Company |  |  | 133,354 |  |  | (19,216 | ) |  | 119,286 |  |  | (19,182 | )
Allocation of earnings to participating securities |  |  | (115 | ) |  | (289 | ) |  | (380 | ) |  | (831 | )
Numerator for basic and diluted earnings per share—net income (loss) available to common stockholders |  | $ | 133,239 |  | $ | (19,505 | ) | $ | 118,906 |  | $ | (20,013 | )
Denominator |  |  |  |  |  |  |  |  |  |  |  |  |
Denominator for basic earnings per share—weighted average number of common shares outstanding |  |  | 132,768 |  |  | 131,691 |  |  | 132,520 |  |  | 131,136 |
Effect of dilutive securities:(1) |  |  |  |  |  |  |  |  |  |  |  |  |
Stock warrants |  |  | 68 |  |  | — |  |  | 84 |  |  | — |
Share and unit-based compensation plans |  |  | 41 |  |  | — |  |  | 7 |  |  | — |
Denominator for diluted earnings per share—weighted average number of common shares outstanding |  |  | 132,877 |  |  | 131,691 |  |  | 132,611 |  |  | 131,136 |
Earnings per common share—basic: |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 0.10 |  | $ | 0.13 |  | $ | 0.42 |  | $ | 0.17 |
Discontinued operations |  |  | 0.90 |  |  | (0.28 | ) |  | 0.48 |  |  | (0.32 | )
Net income (loss) available to common stockholders |  | $ | 1.00 |  | $ | (0.15 | ) | $ | 0.90 |  | $ | (0.15 | )
Earnings per common share—diluted: |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 0.10 |  | $ | 0.13 |  | $ | 0.42 |  | $ | 0.17 |
Discontinued operations |  |  | 0.90 |  |  | (0.28 | ) |  | 0.48 |  |  | (0.32 | )
Net income (loss) available to common stockholders |  | $ | 1.00 |  | $ | (0.15 | ) | $ | 0.90 |  | $ | (0.15 | )
(1) The Senior Notes (See Note 11—Bank and Other Notes Payable) are excluded from diluted EPS for the three and six months ended June 30, 2012 and 2011 as their impact was antidilutive. Diluted EPS excludes 198,745 and 203,693 convertible non-participating preferred units for the three and six months ended June 30, 2012, respectively, and 208,640 convertible non-participating preferred units for the three and six months ended June 30, 2011 as their impact was antidilutive. Diluted EPS excludes 1,154,221 of unexercised stock appreciation rights ("SARs") for the six months ended June 30, 2012, and excludes 1,125,172 of unexercised SARs for the three and six months ended June 30, 2011, as their impact was antidilutive. Diluted EPS excludes 122,500 of unexercised stock options for the three and six months ended June 30, 2011 as their impact was antidilutive. Diluted EPS excludes 935,358 of unexercised stock warrants for the three and six months ended June 30, 2011 as their impact was antidilutive. Diluted EPS excludes 11,262,293 and 11,448,084 of Operating Partnership units ("OP Units") for the three months ended June 30, 2012 and 2011, respectively, and 11,220,562 and 11,674,114 of OP Units for the six months ended June 30, 2012 and 2011, respectively, as their impact was antidilutive.

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