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Earnings per Common Share (Tables)
 3 Months Ended
Mar. 31, 2012
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings per Share
The following tables set forth the computation of basic and diluted earnings per share (amounts in thousands; except per share data):
 
Quarter Ended March 31,
 
2012
 
2011
Numerator:
 
 
 
Income from continuing operations
$
5,181

 
$
2,119

Allocation of undistributed earnings to unvested restricted share awards
(188
)
 
(21
)
Adjusted income from continuing operations attributable to the controlling interests
4,993

 
2,098

Income from discontinued operations, including gain on sale of real estate, net of taxes
—

 
2,569

Net income attributable to noncontrolling interests
—

 
(23
)
Allocation of undistributed earnings to unvested restricted share awards
—

 
(25
)
Adjusted income from discontinuing operations attributable to the controlling interests
—

 
2,521

Adjusted net income attributable to the controlling interests
$
4,993

 
$
4,619

Denominator:
 
 
 
Weighted average shares outstanding – basic
66,194

 
65,885

Effect of dilutive securities:
 
 
 
Operating partnership units
117

 
—

Employee stock options and restricted share awards
17

 
22

Weighted average shares outstanding – diluted
66,328

 
65,907

Earnings per common share, basic:
 
 
 
Continuing operations
$
0.08

 
$
0.03

Discontinued operations
$
—

 
$
0.04

 
$
0.08

 
$
0.07

Earnings per common share, diluted:

 

Continuing operations
$
0.08

 
$
0.03

Discontinued operations
$
—

 
$
0.04

 
$
0.08

 
$
0.07