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Earnings Per Share (Tables) | 6 Months Ended
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Jun. 30, 2013
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 Three Months Ended June 30, |  | For the Six Months Ended June 30,
| 2013 |  | 2012 |  | 2013 |  | 2012
Income (loss) from continuing operations | $ | (56,672 | ) |  | $ | (88,473 | ) |  | $ | (118,606 | ) |  | $ | (130,293 | )
Net (income) loss attributable to noncontrolling interests | 311 |  |  | 722 |  |  | 500 |  |  | 696 |
Income from sales of residential property | 34,319 |  |  | 13,266 |  |  | 58,016 |  |  | 19,999 |
Preferred dividends | (12,780 | ) |  | (10,580 | ) |  | (23,360 | ) |  | (21,160 | )
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders, HPU holders and Participating Security Holders | $ | (34,822 | ) |  | $ | (85,065 | ) |  | $ | (83,450 | ) |  | $ | (130,758 | )
Schedule of earnings per share allocable to common shares and HPU shares |
| For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
| 2013 |  | 2012 |  | 2013 |  | 2012
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 | $ | (33,699 | ) |  | $ | (82,288 | ) |  | $ | (80,752 | ) |  | $ | (126,476 | )
Income (loss) from discontinued operations | (314 | ) |  | (748 | ) |  | 596 |  |  | (13,677 | )
Gain from discontinued operations | 8,012 |  |  | 24,040 |  |  | 12,892 |  |  | 26,364 |
Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders | $ | (26,001 | ) |  | $ | (58,996 | ) |  | $ | (67,264 | ) |  | $ | (113,789 | )
Numerator for diluted earnings per share: |  |  |  |  |  |  |
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders | $ | (33,699 | ) |  | $ | (82,288 | ) |  | $ | (80,752 | ) |  | $ | (126,476 | )
Income (loss) from discontinued operations | (314 | ) |  | (748 | ) |  | 596 |  |  | (13,677 | )
Gain from discontinued operations | 8,012 |  |  | 24,040 |  |  | 12,892 |  |  | 26,364 |
Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders | $ | (26,001 | ) |  | $ | (58,996 | ) |  | $ | (67,264 | ) |  | $ | (113,789 | )
Denominator for basic and diluted earnings per share: |  |  |  |  |  |  |
Weighted average common shares outstanding for basic and diluted earnings per common share | 85,125 |  |  | 84,113 |  |  | 84,975 |  |  | 83,834 |
Basic earnings per common share: |  |  |  |  |  |  |
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders | $ | (0.40 | ) |  | $ | (0.98 | ) |  | $ | (0.95 | ) |  | $ | (1.51 | )
Income (loss) from discontinued operations | — |  |  | (0.01 | ) |  | 0.01 |  |  | (0.16 | )
Gain from discontinued operations | 0.09 |  |  | 0.29 |  |  | 0.15 |  |  | 0.31 |
Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders | $ | (0.31 | ) |  | $ | (0.70 | ) |  | $ | (0.79 | ) |  | $ | (1.36 | )
Diluted earnings per common share: |  |  |  |  |  |  |
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders | $ | (0.40 | ) |  | $ | (0.98 | ) |  | $ | (0.95 | ) |  | $ | (1.51 | )
Income (loss) from discontinued operations | — |  |  | (0.01 | ) |  | 0.01 |  |  | (0.16 | )
Gain from discontinued operations | 0.09 |  |  | 0.29 |  |  | 0.15 |  |  | 0.31 |
Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders | $ | (0.31 | ) |  | $ | (0.70 | ) |  | $ | (0.79 | ) |  | $ | (1.36 | )
| For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
| 2013 |  | 2012 |  | 2013 |  | 2012
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 | $ | (1,123 | ) |  | $ | (2,777 | ) |  | $ | (2,698 | ) |  | $ | (4,282 | )
Income (loss) from discontinued operations | (10 | ) |  | (25 | ) |  | 20 |  |  | (463 | )
Gain from discontinued operations | 267 |  |  | 811 |  |  | 431 |  |  | 893 |
Net income (loss) attributable to iStar Financial Inc. and allocable to HPU holders | $ | (866 | ) |  | $ | (1,991 | ) |  | $ | (2,247 | ) |  | $ | (3,852 | )
Numerator for diluted earnings per HPU share: |  |  |  |  |  |  |
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to HPU holders | $ | (1,123 | ) |  | $ | (2,777 | ) |  | $ | (2,698 | ) |  | $ | (4,282 | )
Income (loss) from discontinued operations | (10 | ) |  | (25 | ) |  | 20 |  |  | (463 | )
Gain from discontinued operations | 267 |  |  | 811 |  |  | 431 |  |  | 893 |
Net income (loss) attributable to iStar Financial Inc. and allocable to HPU holders | $ | (866 | ) |  | $ | (1,991 | ) |  | $ | (2,247 | ) |  | $ | (3,852 | )
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 |  |  | 15 |
Basic earnings per HPU share: |  |  |  |  |  |  |
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to HPU holders | $ | (74.87 | ) |  | $ | (185.13 | ) |  | $ | (179.87 | ) |  | $ | (285.46 | )
Income (loss) from discontinued operations | (0.67 | ) |  | (1.67 | ) |  | 1.33 |  |  | (30.87 | )
Gain from discontinued operations | 17.80 |  |  | 54.07 |  |  | 28.73 |  |  | 59.53 |
Net income (loss) attributable to iStar Financial Inc. and allocable to HPU holders | $ | (57.74 | ) |  | $ | (132.73 | ) |  | $ | (149.81 | ) |  | $ | (256.80 | )
Diluted earnings per HPU share: |  |  |  |  |  |  |
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to HPU holders | $ | (74.87 | ) |  | $ | (185.13 | ) |  | $ | (179.87 | ) |  | $ | (285.46 | )
Income (loss) from discontinued operations | (0.67 | ) |  | (1.67 | ) |  | 1.33 |  |  | (30.87 | )
Gain from discontinued operations | 17.80 |  |  | 54.07 |  |  | 28.73 |  |  | 59.53 |
Net income (loss) attributable to iStar Financial Inc. and allocable to HPU holders | $ | (57.74 | ) |  | $ | (132.73 | ) |  | $ | (149.81 | ) |  | $ | (256.80 | )
Schedule of anti-dilutive shares | For the three and six months ended June 30, 2013 and 2012, the following shares were anti-dilutive (in thousands):
| For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
| 2013 |  | 2012 |  | 2013 |  | 2012
Joint venture shares | 298 |  |  | 298 |  |  | 298 |  |  | 298 |
3% Senior convertible unsecured notes | 16,992 |  |  | — |  |  | 16,992 |  |  | — |
Series J convertible perpetual preferred stock | 15,635 |  |  | — |  |  | 15,635 |  |  | — |

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- 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 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -Subparagraph c -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. + Details
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