XML 53 R35.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Earnings Per Share ("EPS") and Earnings Per Unit ("EPU") (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2016
Earnings Per Share [Line Items] |
Summary of calculation of numerator and denominator in basic and diluted earnings per share | Summaries of the numerator and denominator for purposes of basic and diluted EPS calculations are set forth below (in thousands, except per share data):
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
| 2016 |  | 2015 |  | 2016 |  | 2015
Numerator: |  |  |  |  |  |  |  |  |
(Loss) income from continuing operations | $ | (4,829 | ) |  | $ | 94,279 |  |  | $ | (45,049 | ) |  | $ | 122,105 |
Gain on sales of real estate, net | 34,101 |  |  | 15 |  |  | 34,101 |  |  | 4,000 |
Preferred share dividends | (3,552 | ) |  | (3,552 | ) |  | (10,657 | ) |  | (10,657 | )
Income from continuing operations attributable to noncontrolling interests | (1,973 | ) |  | (4,494 | ) |  | (2,346 | ) |  | (7,322 | )
Income from continuing operations attributable to share-based compensation awards | (105 | ) |  | (369 | ) |  | (319 | ) |  | (475 | )
Numerator for basic EPS from continuing operations attributable to COPT common shareholders | 23,642 |  |  | 85,879 |  |  | (24,270 | ) |  | 107,651 |
Convertible preferred shares | — |  |  | 372 |  |  | — |  |  | — |
Dilutive effect of common units in COPLP on diluted EPS from continuing operations | — |  |  | — |  |  | — |  |  | 4,225 |
Numerator for diluted EPS from continuing operations attributable to COPT common shareholders | $ | 23,642 |  |  | $ | 86,251 |  |  | $ | (24,270 | ) |  | $ | 111,876 |
Numerator for basic EPS from continuing operations attributable to COPT common shareholders | $ | 23,642 |  |  | $ | 85,879 |  |  | $ | (24,270 | ) |  | $ | 107,651 |
Discontinued operations | — |  |  | — |  |  | — |  |  | 156 |
Discontinued operations attributable to noncontrolling interests | — |  |  | — |  |  | — |  |  | (3 | )
Numerator for basic EPS on net income attributable to COPT common shareholders | 23,642 |  |  | 85,879 |  |  | (24,270 | ) |  | 107,804 |
Convertible preferred shares | — |  |  | 372 |  |  | — |  |  | — |
Dilutive effect of common units in COPLP | — |  |  | — |  |  | — |  |  | 4,231 |
Numerator for diluted EPS on net income attributable to COPT common shareholders | $ | 23,642 |  |  | $ | 86,251 |  |  | $ | (24,270 | ) |  | $ | 112,035 |
Denominator (all weighted averages): |  |  |  |  |  |  |  |  |
Denominator for basic EPS (common shares) | 94,433 |  |  | 94,153 |  |  | 94,312 |  |  | 93,830 |
Convertible preferred shares | — |  |  | 434 |  |  | — |  |  | — |
Dilutive effect of common units | — |  |  | — |  |  | — |  |  | 3,697 |
Dilutive effect of share-based compensation awards | 81 |  |  | 21 |  |  | — |  |  | 82 |
Denominator for diluted EPS (common shares) | 94,514 |  |  | 94,608 |  |  | 94,312 |  |  | 97,609 |
Basic EPS: |  |  |  |  |  |  |  |  |
(Loss) income from continuing operations attributable to COPT common shareholders | $ | 0.25 |  |  | $ | 0.91 |  |  | $ | (0.26 | ) |  | $ | 1.15 |
Discontinued operations attributable to COPT common shareholders | 0.00 |  |  | 0.00 |  |  | 0.00 |  |  | 0.00 |
Net (loss) income attributable to COPT common shareholders | $ | 0.25 |  |  | $ | 0.91 |  |  | $ | (0.26 | ) |  | $ | 1.15 |
Diluted EPS: |  |  |  |  |  |  |  |  |
(Loss) income from continuing operations attributable to COPT common shareholders | $ | 0.25 |  |  | $ | 0.91 |  |  | $ | (0.26 | ) |  | $ | 1.15 |
Discontinued operations attributable to COPT common shareholders | 0.00 |  |  | 0.00 |  |  | 0.00 |  |  | 0.00 |
Net (loss) income attributable to COPT common shareholders | $ | 0.25 |  |  | $ | 0.91 |  |  | $ | (0.26 | ) |  | $ | 1.15 |
Schedule of securities excluded from computation of diluted earnings per share | Our diluted EPS computations do not include the effects of the following securities since the conversions of such securities would increase diluted EPS for the respective periods (in thousands):
| Weighted Average Shares Excluded from Denominator
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
| 2016 |  | 2015 |  | 2016 |  | 2015
Conversion of common units | 3,591 |  |  | 3,679 |  |  | 3,648 |  |  | — |
Conversion of Series I Preferred Units | 176 |  |  | 176 |  |  | 176 |  |  | 176 |
Conversion of Series K Preferred Shares | 434 |  |  | — |  |  | 434 |  |  | 434 |
Corporate Office Properties, L.P. |
Earnings Per Share [Line Items] |
Summary of calculation of numerator and denominator in basic and diluted earnings per share | Summaries of the numerator and denominator for purposes of basic and diluted EPU calculations are set forth below (in thousands, except per unit data):
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
| 2016 |  | 2015 |  | 2016 |  | 2015
Numerator: |  |  |  |  |  |  |  |  |
(Loss) income from continuing operations | $ | (4,829 | ) |  | $ | 94,279 |  |  | $ | (45,049 | ) |  | $ | 122,105 |
Gain on sales of real estate, net | 34,101 |  |  | 15 |  |  | 34,101 |  |  | 4,000 |
Preferred unit distributions | (3,717 | ) |  | (3,717 | ) |  | (11,152 | ) |  | (11,152 | )
Income from continuing operations attributable to noncontrolling interests | (913 | ) |  | (972 | ) |  | (2,803 | ) |  | (2,605 | )
Income from continuing operations attributable to share-based compensation awards | (105 | ) |  | (369 | ) |  | (319 | ) |  | (475 | )
Numerator for basic EPU from continuing operations attributable to COPLP common unitholders | 24,537 |  |  | 89,236 |  |  | (25,222 | ) |  | 111,873 |
Convertible preferred units | — |  |  | 372 |  |  | — |  |  | — |
Numerator for diluted EPU from continuing operations attributable to COPLP common unitholders | $ | 24,537 |  |  | $ | 89,608 |  |  | $ | (25,222 | ) |  | $ | 111,873 |
Numerator for basic EPU from continuing operations attributable to COPLP common unitholders | $ | 24,537 |  |  | $ | 89,236 |  |  | $ | (25,222 | ) |  | $ | 111,873 |
Discontinued operations | — |  |  | — |  |  | — |  |  | 156 |
Discontinued operations attributable to noncontrolling interests | — |  |  | — |  |  | — |  |  | 3 |
Numerator for basic EPU on net income attributable to COPLP common unitholders | 24,537 |  |  | 89,236 |  |  | (25,222 | ) |  | 112,032 |
Convertible preferred units | — |  |  | 372 |  |  | — |  |  | — |
Numerator for diluted EPU on net income attributable to COPLP common unitholders | $ | 24,537 |  |  | $ | 89,608 |  |  | $ | (25,222 | ) |  | $ | 112,032 |
Denominator (all weighted averages): |  |  |  |  |  |  |  |  |
Denominator for basic EPU (common units) | 98,024 |  |  | 97,832 |  |  | 97,960 |  |  | 97,527 |
Convertible preferred shares | — |  |  | 434 |  |  | — |  |  | — |
Dilutive effect of share-based compensation awards | 81 |  |  | 21 |  |  | — |  |  | 82 |
Denominator for diluted EPU (common units) | 98,105 |  |  | 98,287 |  |  | 97,960 |  |  | 97,609 |
Basic EPU: |  |  |  |  |  |  |  |  |
(Loss) income from continuing operations attributable to COPLP common unitholders | $ | 0.25 |  |  | $ | 0.91 |  |  | $ | (0.26 | ) |  | $ | 1.15 |
Discontinued operations attributable to COPLP common unitholders | 0.00 |  |  | 0.00 |  |  | 0.00 |  |  | 0.00 |
Net (loss) income attributable to COPLP common unitholders | $ | 0.25 |  |  | $ | 0.91 |  |  | $ | (0.26 | ) |  | $ | 1.15 |
Diluted EPU: |  |  |  |  |  |  |  |  |
(Loss) income from continuing operations attributable to COPLP common unitholders | $ | 0.25 |  |  | $ | 0.91 |  |  | $ | (0.26 | ) |  | $ | 1.15 |
Discontinued operations attributable to COPLP common unitholders | 0.00 |  |  | 0.00 |  |  | 0.00 |  |  | 0.00 |
Net (loss) income attributable to COPLP common unitholders | $ | 0.25 |  |  | $ | 0.91 |  |  | $ | (0.26 | ) |  | $ | 1.15 |
Schedule of securities excluded from computation of diluted earnings per share | Our diluted EPU computations do not include the effects of the following securities since the conversions of such securities would increase diluted EPU for the respective periods (in thousands):
| Weighted Average Units Excluded from Denominator
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
| 2016 |  | 2015 |  | 2016 |  | 2015
Conversion of Series I preferred units | 176 |  |  | 176 |  |  | 176 |  |  | 176 |
Conversion of Series K preferred units | 434 |  |  | — |  |  | 434 |  |  | 434 |

X
- Definition [Line Items] for Earnings Per Share [Table] + References No definition available. + Details
Name: | ofc_EarningsPerShareLineItems
Namespace Prefix: | ofc_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | dei_LegalEntityAxis=us-gaap_SubsidiariesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |