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Earnings Per Share | 6 Months Ended
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Jun. 30, 2011
Earnings Per Share [Abstract] |
Earnings Per Share | 12. Earnings Per Share The following table sets forth the computation of basic and diluted earnings per Common Share:
|  | Three Months Ended June 30, |  | Six Months Ended June 30, |
|  | 2011 |  | 2010 |  | 2011 |  | 2010 |
Earnings per Common Share - basic: |  |  |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 14,143 |  | $ | 39,811 |  | $ | 26,249 |  | $ | 51,256 |
Net (income) attributable to noncontrolling interests in the Operating Partnership from continuing operations |  |  | (608 | ) |  | (1,921 | ) |  | (1,098 | ) |  | (2,409 | )
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations |  |  | (182 | ) |  | (215 | ) |  | (305 | ) |  | (429 | )
Dividends on Preferred Stock |  |  | (1,622 | ) |  | (1,677 | ) |  | (3,299 | ) |  | (3,354 | )
Excess of Preferred Stock redemption/repurchase cost over carrying value |  |  | (1,895 | ) |  | — |  |  | (1,895 | ) |  | — |
Income from continuing operations available for common stockholders |  |  | 9,836 |  |  | 35,998 |  |  | 19,652 |  |  | 45,064 |
Income from discontinued operations |  |  | 291 |  |  | 238 |  |  | 628 |  |  | 875 |
Net (income) attributable to noncontrolling interests in the Operating Partnership from discontinued operations |  |  | (15 | ) |  | (12 | ) |  | (32 | ) |  | (44 | )
Income from discontinued operations available for common stockholders |  |  | 276 |  |  | 226 |  |  | 596 |  |  | 831 |
Net income available for common stockholders |  | $ | 10,112 |  | $ | 36,224 |  | $ | 20,248 |  | $ | 45,895 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |
Denominator for basic earnings per Common Share – weighted average shares |  |  | 72,211 |  |  | 71,601 |  |  | 72,015 |  |  | 71,508 |
Earnings per Common Share – basic: |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations available for common stockholders |  | $ | 0.14 |  | $ | 0.51 |  | $ | 0.27 |  | $ | 0.63 |
Income from discontinued operations available for common stockholders |  |  | — |  |  | — |  |  | 0.01 |  |  | 0.01 |
Net income available for common stockholders |  | $ | 0.14 |  | $ | 0.51 |  | $ | 0.28 |  | $ | 0.64 |
Earnings per Common Share - diluted: |  |  |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 14,143 |  | $ | 39,811 |  | $ | 26,249 |  | $ | 51,256 |
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations |  |  | (182 | ) |  | (215 | ) |  | (305 | ) |  | (429 | )
Dividends on Preferred Stock |  |  | (1,622 | ) |  | (1,677 | ) |  | (3,299 | ) |  | (3,354 | )
Excess of Preferred Stock redemption/repurchase cost over carrying value |  |  | (1,895 | ) |  | — |  |  | (1,895 | ) |  | — |
Income from continuing operations available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership |  |  | 10,444 |  |  | 37,919 |  |  | 20,750 |  |  | 47,473 |
Income from discontinued operations available for common stockholders |  |  | 291 |  |  | 238 |  |  | 628 |  |  | 875 |
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership |  | $ | 10,735 |  | $ | 38,157 |  | $ | 21,378 |  | $ | 48,348 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |
Denominator for basic earnings per Common Share –weighted average shares |  |  | 72,211 |  |  | 71,601 |  |  | 72,015 |  |  | 71,508 |
Add: |  |  |  |  |  |  |  |  |  |  |  |  |
Stock options using the treasury method |  |  | 202 |  |  | 209 |  |  | 185 |  |  | 188 |
Noncontrolling interests partnership units |  |  | 3,784 |  |  | 3,797 |  |  | 3,787 |  |  | 3,808 |
Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions (1) |  |  | 76,197 |  |  | 75,607 |  |  | 75,987 |  |  | 75,504 |
Earnings per Common Share – diluted: |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations available for common stockholders |  | $ | 0.14 |  |  | 0.50 |  |  | 0.27 |  |  | 0.63 |
Income from discontinued operations available for common stockholders |  |  | — |  |  | — |  |  | 0.01 |  |  | 0.01 |
Net income available for common stockholders |  | $ | 0.14 |  |  | 0.50 |  |  | 0.28 |  |  | 0.64 |
__________
(1) | There were 0.3 million and 0.6 million options outstanding during the three and six months ended June 30, 2011 and 2010, respectively, that were not included in the computation of diluted earnings per share because the impact of including such options would be anti-dilutive.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1252-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=6945512&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
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