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Earnings Per Share (Tables) | 12 Months Ended
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Dec. 31, 2011
Earnings Per Share [Abstract] |
Earnings Per Share | The following table sets forth the computation of basic and diluted earnings per share:
| Year Ended December 31,
| 2011 |  | 2010 |  | 2009
Earnings per common share - basic: |  |  |  |  |
Numerator: |  |  |  |  |
Income from continuing operations | $ | 44,501 |  |  | $ | 70,910 |  |  | $ | 46,458 |
Net (income) attributable to noncontrolling interests in the Operating Partnership from continuing operations | (1,918 | ) |  | (3,250 | ) |  | (2,339 | )
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations | (755 | ) |  | (485 | ) |  | (11 | )
Dividends on Preferred Stock | (4,553 | ) |  | (6,708 | ) |  | (6,708 | )
Excess of Preferred Stock redemption/repurchase cost over carrying value | (1,895 | ) |  | — |  |  | — |
Income from continuing operations available for common stockholders | 35,380 |  |  | 60,467 |  |  | 37,400 |
Income from discontinued operations | 3,470 |  |  | 1,393 |  |  | 15,236 |
Net (income) attributable to noncontrolling interests in the Operating Partnership from discontinued operations | (173 | ) |  | (70 | ) |  | (858 | )
Income from discontinued operations available for common stockholders | 3,297 |  |  | 1,323 |  |  | 14,378 |
Net income available for common stockholders | $ | 38,677 |  |  | $ | 61,790 |  |  | $ | 51,778 |
Denominator: |  |  |  |  |
Denominator for basic earnings per Common Share – weighted average shares (1) (2) | 72,281 |  |  | 71,578 |  |  | 67,971 |
Earnings per common share - basic: |  |  |  |  |
Income from continuing operations available for common stockholders | $ | 0.49 |  |  | $ | 0.84 |  |  | $ | 0.55 |
Income from discontinued operations available for common stockholders | 0.05 |  |  | 0.02 |  |  | 0.21 |
Net income available for common stockholders | $ | 0.54 |  |  | $ | 0.86 |  |  | $ | 0.76 |
Earnings per common share - diluted: |  |  |  |  |
Numerator: |  |  |  |  |
Income from continuing operations | $ | 44,501 |  |  | $ | 70,910 |  |  | $ | 46,458 |
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations | (755 | ) |  | (485 | ) |  | (11 | )
Dividends on Preferred Stock | (4,553 | ) |  | (6,708 | ) |  | (6,708 | )
Excess of Preferred Stock redemption/repurchase cost over carrying value | (1,895 | ) |  | — |  |  | — |
Income from continuing operations available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership | 37,298 |  |  | 63,717 |  |  | 39,739 |
Income from discontinued operations available for common stockholders | 3,470 |  |  | 1,393 |  |  | 15,236 |
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership | $ | 40,768 |  |  | $ | 65,110 |  |  | $ | 54,975 |
Denominator: |  |  |  |  |
Denominator for basic earnings per Common Share –weighted average shares (1) (2) | 72,281 |  |  | 71,578 |  |  | 67,971 |
Add: |  |  |  |  |
Stock options using the treasury method | 136 |  |  | 198 |  |  | 79 |
Noncontrolling interests partnership units | 3,772 |  |  | 3,802 |  |  | 4,029 |
Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions (1) | 76,189 |  |  | 75,578 |  |  | 72,079 |
Earnings per common share - diluted: |  |  |  |  |
Income from continuing operations available for common stockholders | $ | 0.49 |  |  | $ | 0.84 |  |  | $ | 0.55 |
Income from discontinued operations available for common stockholders | 0.05 |  |  | 0.02 |  |  | 0.21 |
Net income available for common stockholders | $ | 0.54 |  |  | $ | 0.86 |  |  | $ | 0.76 |
__________
17. | Earnings Per Share - Continued
(1) | There were 0.4 million, 0.7 million and 1.0 million options outstanding during the years ended December 31, 2011, 2010 and 2009, respectively, that were not included in the computation of diluted earnings per share because the impact of including such options would be anti-dilutive.
(2) | Includes all unvested restricted stock since dividends on such restricted stock are non-forfeitable.

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