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Earnings Per Share (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012
Reconciliation of income (loss) from continuing operations used in the basic and diluted EPS calculations |  |  |  |  |  |  |  |
Income (loss) from continuing operations | $ (42,045) | [1] | $ (75,356) | [1] | $ (161,080) | [1] | $ (206,230) | [1]
Net (income) loss attributable to noncontrolling interests | (167) |  | 666 |  | 332 |  | 1,363 |
Income from sales of residential property | 14,075 |  | 15,584 |  | 72,092 |  | 35,583 |
Preferred dividends | (12,830) |  | (10,580) |  | (36,190) |  | (31,740) |
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders, HPU holders and Participating Security Holders | (40,967) |  | (69,686) |  | (124,846) |  | (201,024) |
Numerator for basic and diluted earnings per share: |  |  |  |  |  |  |  |
Income (loss) from discontinued operations | 214 |  | (4,534) |  | 1,256 |  | (18,094) |
Gain from discontinued operations | 9,166 |  | 0 |  | 22,488 |  | 27,257 |
Denominator for basic and diluted earnings per share: |  |  |  |  |  |  |  |
Weighted average High Performance Units outstanding for basic and diluted earnings per share | 15 | [1],[2] | 15 | [1],[2] | 15 | [1],[2] | 15 | [1],[2]
Basic and diluted earnings per common share: |  |  |  |  |  |  |  |
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders (in dollars per share) | $ (0.46) | [1] | $ (0.81) | [1] | $ (1.42) | [1] | $ (2.32) | [1]
Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders (in dollars per share) | $ (0.36) | [1] | $ (0.86) | [1] | $ (1.15) | [1] | $ (2.22) | [1]
Common shares |  |  |  |  |  |  |  |
Numerator for basic and diluted earnings per share: |  |  |  |  |  |  |  |
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders | (39,649) |  | (67,399) |  | (120,816) |  | (194,436) |
Income (loss) from discontinued operations | 207 |  | (4,385) |  | 1,215 |  | (17,501) |
Gain from discontinued operations | 8,871 |  | 0 |  | 21,762 |  | 26,364 |
Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders | (30,571) |  | (71,784) |  | (97,839) |  | (185,573) |
Denominator for basic and diluted earnings per share: |  |  |  |  |  |  |  |
Weighted average common shares outstanding for basic earnings per common share | 85,392 |  | 83,629 |  | 85,116 |  | 83,765 |
Basic and diluted earnings per common share: |  |  |  |  |  |  |  |
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders (in dollars per share) | $ (0.46) |  | $ (0.81) |  | $ (1.42) |  | $ (2.32) |
Income (loss) from discontinued operations (in dollars per share) | $ 0.00 |  | $ (0.05) |  | $ 0.01 |  | $ (0.21) |
Gain from discontinued operations (in dollars per share) | $ 0.10 |  | $ 0.00 |  | $ 0.26 |  | $ 0.31 |
Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders (in dollars per share) | $ (0.36) |  | $ (0.86) |  | $ (1.15) |  | $ (2.22) |
HPU's |  |  |  |  |  |  |  |
Numerator for basic and diluted earnings per share: |  |  |  |  |  |  |  |
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to HPU holders | (1,318) |  | (2,287) |  | (4,030) |  | (6,588) |
Income (loss) from discontinued operations | 7 |  | (149) |  | 41 |  | (593) |
Gain from discontinued operations | 295 |  | 0 |  | 726 |  | 893 |
Net income (loss) attributable to iStar Financial Inc. and allocable to HPU holders | $ (1,016) |  | $ (2,436) |  | $ (3,263) |  | $ (6,288) |
Denominator for basic and diluted earnings per share: |  |  |  |  |  |  |  |
Weighted average High Performance Units outstanding for basic and diluted earnings per share | 15 |  | 15 |  | 15 |  | 15 |
Basic and diluted earnings per common share: |  |  |  |  |  |  |  |
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders (in dollars per share) | $ (87.87) |  | $ (152.47) |  | $ (268.67) |  | $ (439.20) |
Income (loss) from discontinued operations (in dollars per share) | $ 0.47 |  | $ (9.93) |  | $ 2.73 |  | $ (39.53) |
Gain from discontinued operations (in dollars per share) | $ 19.67 |  | $ 0.00 |  | $ 48.40 |  | $ 59.53 |
Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders (in dollars per share) | $ (67.73) |  | $ (162.40) |  | $ (217.54) |  | $ (419.20) |
[1] | Income (loss) from continuing operations attributable to iStar Financial Inc. for the three months ended September 30, 2013 and 2012 was $(42.2) million and $(74.7) million, respectively, and for the nine months ended September 30, 2013, and 2012 was $(160.7) million and $(204.9) million, respectively. See Note 13 for details on the calculation of earnings per share.
[2] | HPU holders are current and former Company employees who purchased high performance common stock units under the Company's High Performance Unit Program (see Note 11).

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