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Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2014
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
March 31,
 
 
2014
 
2013
Income (loss) from continuing operations
 
$
(30,671
)
 
$
(62,240
)
Net (income) loss attributable to noncontrolling interests
 
(454
)
 
189

Income from sales of residential property
 
16,494

 
23,697

Preferred dividends
 
(12,830
)
 
(10,580
)
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders, HPU holders and Participating Security Holders
 
$
(27,461
)
 
$
(48,934
)
Schedule of earnings per share allocable to common shares and HPU shares
Earnings allocable to 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
$
(26,572
)
 
$
(47,350
)
Income (loss) from discontinued operations
—

 
1,206

Gain from discontinued operations
—

 
4,881

Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders
$
(26,572
)
 
$
(41,263
)
Denominator for basic and diluted earnings per share:
 
 
 
Weighted average common shares outstanding for basic and diluted earnings per common share
84,819

 
84,824

Basic and diluted earnings per common share:
 
 
 
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders
$
(0.31
)
 
$
(0.56
)
Income (loss) from discontinued operations
—

 
0.01

Gain from discontinued operations
—

 
0.06

Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders
$
(0.31
)
 
$
(0.49
)


 
For the Three Months Ended
March 31,
 
2014
 
2013
Earnings allocable to High Performance Units:
 
 
 
Numerator for basic and diluted earnings per HPU share:
 
 
 
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to HPU holders
$
(889
)
 
$
(1,584
)
Income (loss) from discontinued operations
—

 
40

Gain from discontinued operations
—

 
163

Net income (loss) attributable to iStar Financial Inc. and allocable to HPU holders
$
(889
)
 
$
(1,381
)
Denominator for basic and diluted earnings per HPU share:
 
 
 
Weighted average High Performance Units outstanding for basic and diluted earnings per share
15

 
15

Basic and diluted earnings per HPU share:
 
 
 
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to HPU holders
$
(59.27
)
 
$
(105.61
)
Income (loss) from discontinued operations
—

 
2.67

Gain from discontinued operations
—

 
10.87

Net income (loss) attributable to iStar Financial Inc. and allocable to HPU holders
$
(59.27
)
 
$
(92.07
)
Schedule of anti-dilutive shares
For the three months ended March 31, 2014 and 2013, the following shares were not included in the diluted EPS calculation because they were anti-dilutive ($ in thousands):

 
For the Three Months Ended
March 31,
 
2014
 
2013
Joint venture shares
$
298

 
$
298

3.00% convertible senior unsecured notes
$
16,992

 
$
16,992

Series J convertible perpetual preferred stock
$
15,635

 
$
15,635

1.50% convertible senior unsecured notes
$
11,567

 
$
—