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Earnings Per Share | 12 Months Ended
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Dec. 31, 2012
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share A significant portion of the Company's non-vested share-based payment awards are considered participating securities and as such, the Company is required to use the two-class method for the computation of basic and diluted earnings per share. Under the two-class computation method, net losses are not allocated to participating securities unless the holder of the security has a contractual obligation to share in the losses. The non-vested share-based payment awards are not allocated losses as the awards do not have a contractual obligation to share in losses of the Company. The following is a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations for each of the years in the three-year period ended December 31, 2012:
| 2012 |  | 2011 |  | 2010
BASIC |  |  |  |  |
Income (loss) from continuing operations attributable to common shareholders | $ | 152,808 |  |  | $ | (44,703 | ) |  | $ | (37,008 | )
Income (loss) from discontinued operations attributable to common shareholders | 4,041 |  |  | (59,018 | ) |  | (21,088 | )
Net income (loss) attributable to common shareholders | $ | 156,849 |  |  | $ | (103,721 | ) |  | $ | (58,096 | )
Weighted-average number of common shares outstanding | 159,109,424 |  |  | 152,473,336 |  |  | 130,985,809 |
Income (loss) per common share: |  |  |  |  |  |  |
Income (loss) from continuing operations | $ | 0.96 |  |  | $ | (0.29 | ) |  | $ | (0.28 | )
Income (loss) from discontinued operations | 0.03 |  |  | (0.39 | ) |  | (0.16 | )
Net income (loss) attributable to common shareholders | $ | 0.99 |  |  | $ | (0.68 | ) |  | $ | (0.44 | )
DILUTED: |  |  |  |  |
Income (loss) from continuing operations attributable to common shareholders | $ | 152,808 |  |  | $ | (44,703 | ) |  | $ | (37,008 | )
Impact of assumed conversions: |  |  |  |  |
Share Options | — |  |  | — |  |  | — |
Operating Partnership Units | 1,371 |  |  | — |  |  | — |
6.00% Convertible Guaranteed Notes | 8,953 |  |  | — |  |  | — |
Income (loss) from continuing operations attributable to common shareholders | 163,132 |  |  | (44,703 | ) |  | (37,008 | )
Income (loss) from discontinued operations attributable to common shareholders | 4,041 |  |  | (59,018 | ) |  | (21,088 | )
Impact of assumed conversions: |  |  |  |  |
Operating Partnership Units | (179 | ) |  | — |  |  | — |
Income (loss) from discontinued operations attributable to common shareholders | 3,862 |  |  | (59,018 | ) |  | (21,088 | )
Net income (loss) attributable to common shareholders | $ | 166,994 |  |  | $ | (103,721 | ) |  | $ | (58,096 | )
Weighted-average common shares outstanding - basic | 159,109,424 |  |  | 152,473,336 |  |  | 130,985,809 |
Effect of dilutive securities: |  |  |  |  |
Share Options | 306,449 |  |  | — |  |  | — |
Operating Partnership Units | 4,438,708 |  |  | — |  |  | — |
6.00% Convertible Guaranteed Notes | 15,805,245 |  |  | — |  |  | — |
Weighted-average common shares outstanding | 179,659,826 |  |  | 152,473,336 |  |  | 130,985,809 |
Income (loss) per common share: |  |  |  |  |
Income (loss) from continuing operations | $ | 0.91 |  |  | $ | (0.29 | ) |  | $ | (0.28 | )
Income (loss) from discontinued operations | 0.02 |  |  | (0.39 | ) |  | (0.16 | )
Net income (loss) attributable to common shareholders | $ | 0.93 |  |  | $ | (0.68 | ) |  | $ | (0.44 | )
For per common share amounts, all incremental shares are considered anti-dilutive for periods that have a loss from continuing operations attributable to common shareholders. In addition, other common share equivalents may be anti-dilutive in certain periods. During 2012 and 2011, the Company repurchased and retired an aggregate 34,800 and 125,000 shares, respectively, of 6.50% Series C Cumulative Convertible Preferred Stock ("Series C Preferred") at a $229 and $833, discount to the historical cost basis, respectively. This discount constitutes a deemed negative dividend, offsetting other dividends, and is accretive to common shareholders. In addition, the Company repurchased and retired an aggregate of 2,740,874 and 419,126 shares, respectively, of 8.05% Series B Cumulative Redeemable Preferred Stock ("Series B Preferred") at a $2,346 and $95, premium to historical cost, respectively. This premium is treated as a deemed dividend. Accordingly, net income (loss) was adjusted for these dividends to arrive at net income (loss) attributable to common shareholders for 2012 and 2011.

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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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