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Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
Reconciliation of income (loss) from continuing operations used in the basic and diluted EPS calculations
The following table presents a reconciliation of income (loss) from continuing operations used in the basic and diluted earnings per share calculations ($ in thousands, except for per share data):

 
 
For the Years Ended December 31,
 
 
2012
 
2011
 
2010
Income (loss) from continuing operations
 
$
(312,694
)
 
$
(49,206
)
 
$
(206,997
)
Net (income) loss attributable to noncontrolling interests
 
1,500

 
3,629

 
(523
)
Income from sales of residential property
 
63,472

 
5,721

 
—

Preferred dividends
 
(42,320
)
 
(42,320
)
 
(42,320
)
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders, HPU holders and Participating Security Holders
 
$
(290,042
)
 
$
(82,176
)
 
$
(249,840
)
Schedule of earnings per share allocable to common shares and HPU shares
 
For the Years Ended December 31,
 
2012
 
2011
 
2010
Earnings allocable to common shares:
 
 
 
 
 
Numerator for basic earnings per share:
 
 
 
 
 
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders
$
(280,534
)
 
$
(79,627
)
 
$
(242,440
)
Income (loss) from discontinued operations
(18,826
)
 
(7,091
)
 
16,324

Gain from discontinued operations
26,363

 
24,331

 
262,395

Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders
$
(272,997
)
 
$
(62,387
)
 
$
36,279

Numerator for diluted earnings per share:
 
 
 
 
 
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders
$
(280,534
)
 
$
(79,627
)
 
$
(242,440
)
Income (loss) from discontinued operations
(18,826
)
 
(7,091
)
 
16,324

Gain from discontinued operations
26,363

 
24,331

 
262,395

Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders
$
(272,997
)
 
$
(62,387
)
 
$
36,279

Denominator for basic and diluted earnings per share:
 
 
 
 
 
Weighted average common shares outstanding for basic earnings per common share
83,742

 
88,688

 
93,244

Add: effect of assumed shares issued under treasury stock method for restricted shares
—

 
—

 
—

Add: effect of joint venture shares
—

 
—

 
—

Weighted average common shares outstanding for diluted earnings per common share
83,742

 
88,688

 
93,244

Basic earnings per common share:
 
 
 
 
 
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders
$
(3.35
)
 
$
(0.89
)
 
$
(2.60
)
Income (loss) from discontinued operations
(0.22
)
 
(0.08
)
 
0.18

Gain from discontinued operations
0.31

 
0.27

 
2.81

Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders
$
(3.26
)
 
$
(0.70
)
 
$
0.39

Diluted earnings per common share:
 
 
 
 
 
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders
$
(3.35
)
 
$
(0.89
)
 
$
(2.60
)
Income (loss) from discontinued operations
(0.22
)
 
(0.08
)
 
0.18

Gain from discontinued operations
0.31

 
0.27

 
2.81

Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders
$
(3.26
)
 
$
(0.70
)
 
$
0.39




 
For the Years Ended December 31,
 
2012
 
2011
 
2010
Earnings allocable to High Performance Units:
 
 
 
 
 
Numerator for basic earnings per HPU share:
 
 
 
 
 
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to HPU holders
$
(9,509
)
 
$
(2,549
)
 
$
(7,400
)
Income (loss) from discontinued operations
(638
)
 
(227
)
 
497

Gain from discontinued operations
894

 
779

 
7,987

Net income (loss) attributable to iStar Financial Inc. and allocable to HPU holders
$
(9,253
)
 
$
(1,997
)
 
$
1,084

Numerator for diluted earnings per HPU share:
 
 
 
 
 
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to HPU holders
$
(9,509
)
 
$
(2,549
)
 
$
(7,400
)
Income (loss) from discontinued operations
(638
)
 
(227
)
 
497

Gain from discontinued operations
894

 
779

 
7,987

Net income (loss) attributable to iStar Financial Inc. and allocable to HPU holders
$
(9,253
)
 
$
(1,997
)
 
$
1,084

Denominator for basic and diluted earnings per HPU share:
 
 
 
 
 
Weighted average High Performance Units outstanding for basic and diluted earnings per share
15

 
15

 
15

Basic earnings per HPU share:
 
 
 
 
 
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to HPU holders
$
(633.94
)
 
$
(169.93
)
 
$
(493.33
)
Income (loss) from discontinued operations
(42.53
)
 
(15.13
)
 
33.13

Gain from discontinued operations
59.60

 
51.93

 
532.47

Net income (loss) attributable to iStar Financial Inc. and allocable to HPU holders
$
(616.87
)
 
$
(133.13
)
 
$
72.27

Diluted earnings per HPU share:
 
 
 
 
 
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to HPU holders
$
(633.94
)
 
$
(169.93
)
 
$
(493.33
)
Income (loss) from discontinued operations
(42.53
)
 
(15.13
)
 
33.13

Gain from discontinued operations
59.60

 
51.93

 
532.47

Net income (loss) attributable to iStar Financial Inc. and allocable to HPU holders
$
(616.87
)
 
$
(133.13
)
 
$
72.27
Schedule of anti-dilutive shares
For the years ended December 31, 2012, 2011 and 2010 the following shares were anti-dilutive ($ in thousands):

 
For the Years Ended December 31,
 
2012
 
2011
 
2010
Joint venture shares
298

 
298

 
298

Stock options
—

 
44

 
143