XML 61 R79.htm IDEA: XBRL DOCUMENT v2.4.0.8

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).

X

- Details

Name:	sfi_DenominatorForBasicAndDilutedEarningsPerShareOrHpuShareAbstract
Namespace Prefix:	sfi_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Discontinued Operation Gain (Loss) on Disposal of Discontinued Operation Net of Tax Per Basic and Diluted Share

+ References

No definition available.

+ Details

Name:	sfi_DiscontinuedOperationGainLossonDisposalofDiscontinuedOperationNetofTaxPerBasicandDilutedShare
Namespace Prefix:	sfi_
Data Type:	num:perShareItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The income or loss from continuing operations during the period which is attributable to the parent and is available to common shareholders.

+ References

No definition available.

+ Details

Name:	sfi_IncomeLossFromContinuingOperationsAttributableToParentAndAvailableToCommonShareholders
Namespace Prefix:	sfi_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Definition

The income or loss from continuing operations during the period which is attributable to the parent and is available to common shareholders, HPU holders and Participating Security holders.

+ References

No definition available.

+ Details

Name:	sfi_IncomeLossFromContinuingOperationsAttributableToParentAndAvailableToCommonShareholdersHpuHoldersAndParticipatingSecurityHolders
Namespace Prefix:	sfi_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Definition

The income or loss from continuing operations during the period which is attributable to the parent and is available to HPU holders.

+ References

No definition available.

+ Details

Name:	sfi_IncomeLossFromContinuingOperationsAttributableToParentAndAvailableToHpuHolders
Namespace Prefix:	sfi_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Definition

This element represents the overall income (loss) from a disposal group that is classified as a component of the entity, net of income tax, reported as a separate component of income before extraordinary items and the cumulative effect of accounting changes before deduction or consideration of the amount which may be allocable to noncontrolling interests, if any.

+ References

No definition available.

+ Details

Name:	sfi_IncomeLossFromDiscontinuedOperations
Namespace Prefix:	sfi_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Definition

Net Income (Loss) Available to Common Stockholders, Basic and Diluted

+ References

No definition available.

+ Details

Name:	sfi_NetIncomeLossAvailabletoCommonStockholdersBasicandDiluted
Namespace Prefix:	sfi_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Definition

Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred (accumulated for the period) available to HPU holders.

+ References

No definition available.

+ Details

Name:	sfi_NetIncomeLossAvailableToHpuHolders
Namespace Prefix:	sfi_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Details

Name:	sfi_ReconciliationOfIncomeLossFromContinuingOperationsAbstract
Namespace Prefix:	sfi_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The gain resulting from the sale or other disposition of residential properties or components of those assets during the period.

+ References

No definition available.

+ Details

Name:	sfi_ResidentialPropertyProfitLoss
Namespace Prefix:	sfi_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Definition

The average number of shares of High Performance common stock (a separate class of stock) issued and outstanding that are used in calculating basic and diluted EPS.

+ References

No definition available.

+ Details

Name:	sfi_WeightedAverageNumberOfHpuSharesOutstandingBasicAndDiluted
Namespace Prefix:	sfi_
Data Type:	xbrli:sharesItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Amount of gain (loss), after tax expense or benefit and not previously recognized, resulting from the sale of a business component.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 205

-SubTopic 20

-Section 45

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 144

-Paragraph 43

-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.



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 205

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 144

-Paragraph 47

-Subparagraph b

-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

Name:	us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Definition

The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

No definition available.

+ Details

Name:	us-gaap_EarningsPerShareBasicAndDiluted
Namespace Prefix:	us-gaap_
Data Type:	num:perShareItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_EarningsPerShareBasicAndDilutedAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 28

-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.



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 45

-Paragraph 19

-URI http://asc.fasb.org/extlink&oid=7656940&loc=SL4569616-111683



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 29

-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

Name:	us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Definition

The amount of net income (loss) from continuing operations per each basic and diluted share of common stock or unit when the per share amount is the same for both basic and diluted shares.

+ References

No definition available.

+ Details

Name:	us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
Namespace Prefix:	us-gaap_
Data Type:	num:perShareItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The amount of income (loss) derived from discontinued operations during the period, net of related tax effect, per each basic and diluted share of common stock or unit when the per share amount is the same for both basic and diluted shares.

+ References

No definition available.

+ Details

Name:	us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
Namespace Prefix:	us-gaap_
Data Type:	num:perShareItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Amount of Net Income (Loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph a

-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.



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 50

-Paragraph 1A

-URI http://asc.fasb.org/extlink&oid=18733093&loc=SL4573702-111684



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph c(1)

-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.



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 55

-Paragraph 4J

-URI http://asc.fasb.org/extlink&oid=18733213&loc=SL4591551-111686



Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph A1, A4, A5

-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

Name:	us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	duration

X

- Details

Name:	us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders.

+ References

No definition available.

+ Details

Name:	us-gaap_PreferredStockDividendsIncomeStatementImpact
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	duration

X

- Definition

Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.

+ 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 (a)

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number 07-4

-Paragraph 4

-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.



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 128

-Paragraph 171

-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.



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 128

-Paragraph 40

-Subparagraph a

-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.



Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 45

-Paragraph 10

-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1448-109256



Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 128

-Paragraph 8

-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.



Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Weighted-Average Number of Common Shares Outstanding

-URI http://asc.fasb.org/extlink&oid=6528421

+ Details

Name:	us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Namespace Prefix:	us-gaap_
Data Type:	xbrli:sharesItemType
Balance Type:	na
Period Type:	duration