v3.8.0.1

Earnings Per Share | 9 Months Ended
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Sep. 30, 2017
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share The components of the computation of basic and diluted EPS were as follows:
|  | Three Month Period Ended September 30, |  | Nine Month Period Ended September 30,
|  | 2017 |  | 2016 |  | 2017 |  | 2016
(In thousands except share amounts) |  |  |  |  |  |  |  |
Net increase (decrease) in shareholders' equity resulting from operations |  | $ | 6,195 |  |  | $ | 516 |  |  | $ | 26,537 |  |  | $ | (17,699 | )
Add: Net increase (decrease) in equity resulting from operations attributable to the participating non-controlling interest(1) |  | 41 |  |  | 3 |  |  | 172 |  |  | (112 | )
Net increase (decrease) in equity resulting from operations related to common shares, LTIP Unit holders, and participating non-controlling interest |  | 6,236 |  |  | 519 |  |  | 26,709 |  |  | (17,811 | )
Net increase (decrease) in shareholders' equity resulting from operations available to common share and LTIP Unit holders: |  |  |  |  |  |  |  |
Net increase (decrease) in shareholders' equity resulting from operations– common shares |  | 6,106 |  |  | 509 |  |  | 26,155 |  |  | (17,460 | )
Net increase (decrease) in shareholders' equity resulting from operations– LTIP Units |  | 89 |  |  | 7 |  |  | 382 |  |  | (239 | )
Dividends Paid(2): |  |  |  |  |  |  |  |
Common shareholders |  | (14,451 | ) |  | (16,309 | ) |  | (43,416 | ) |  | (49,263 | )
LTIP Unit holders |  | (211 | ) |  | (225 | ) |  | (634 | ) |  | (675 | )
Non-controlling interest |  | (96 | ) |  | (106 | ) |  | (286 | ) |  | (318 | )
Total dividends paid to common shareholders, LTIP Unit holders, and non-controlling interest |  | (14,758 | ) |  | (16,640 | ) |  | (44,336 | ) |  | (50,256 | )
Undistributed (Distributed in excess of) earnings: |  |  |  |  |  |  |  |
Common shareholders |  | (8,345 | ) |  | (15,800 | ) |  | (17,261 | ) |  | (66,723 | )
LTIP Unit holders |  | (122 | ) |  | (218 | ) |  | (252 | ) |  | (914 | )
Non-controlling interest |  | (55 | ) |  | (103 | ) |  | (114 | ) |  | (430 | )
Total undistributed (distributed in excess of) earnings attributable to common shareholders, LTIP Unit holders, and non-controlling interest |  | $ | (8,522 | ) |  | $ | (16,121 | ) |  | $ | (17,627 | ) |  | $ | (68,067 | )
Weighted average shares outstanding (basic and diluted): |  |  |  |  |  |  |  |
Weighted average common shares outstanding |  | 32,095,675 |  |  | 32,643,154 |  |  | 32,153,366 |  |  | 32,854,979 |
Weighted average participating LTIP Units |  | 471,057 |  |  | 451,125 |  |  | 470,050 |  |  | 450,336 |
Weighted average non-controlling interest units |  | 212,000 |  |  | 212,000 |  |  | 212,000 |  |  | 212,000 |
Basic earnings per common share: |  |  |  |  |  |  |  |
Distributed |  | $ | 0.45 |  |  | $ | 0.50 |  |  | $ | 1.35 |  |  | $ | 1.50 |
Undistributed (Distributed in excess of) |  | (0.26 | ) |  | (0.48 | ) |  | (0.54 | ) |  | (2.03 | )
|  | $ | 0.19 |  |  | $ | 0.02 |  |  | $ | 0.81 |  |  | $ | (0.53 | )
Diluted earnings per common share: |  |  |  |  |  |  |  |
Distributed |  | $ | 0.45 |  |  | $ | 0.50 |  |  | $ | 1.35 |  |  | $ | 1.50 |
Undistributed (Distributed in excess of) |  | (0.26 | ) |  | (0.48 | ) |  | (0.54 | ) |  | (2.03 | )
|  | $ | 0.19 |  |  | $ | 0.02 |  |  | $ | 0.81 |  |  | $ | (0.53 | )
(1) | For the three month periods ended September 30, 2017 and 2016, excludes net increase in equity resulting from operations of $0.4 million and $31 thousand, respectively, attributable to joint venture partners, which have non-participating interests as described in Note 9. For the nine month periods ended September 30, 2017 and 2016, excludes net increase in equity resulting from operations of $1.1 million and $0.2 million, respectively attributable to joint venture partners, which have non-participating interests as described in Note 9.
(2) | The Company pays quarterly dividends in arrears, so a portion of the dividends paid in each calendar year relate to the prior year's earnings.

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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 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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