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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 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
September 30,
 
For the Nine Months Ended
September 30,
 
2014
 
2013
 
2014
 
2013
Income (loss) from continuing operations
$
7,700

 
$
(42,086
)
 
$
(43,745
)
 
$
(161,265
)
Net (income) loss attributable to noncontrolling interests
412

 
(167
)
 
(367
)
 
332

Income from sales of real estate
27,791

 
14,075

 
61,465

 
72,092

Preferred dividends
(12,830
)
 
(12,830
)
 
(38,490
)
 
(36,190
)
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders, HPU holders and Participating Security Holders for basic earnings per common share(1)
23,073

 
(41,008
)
 
(21,137
)
 
(125,031
)
Add: Effect of 1.5% senior convertible unsecured notes(2)
1,124

 
—

 
—

 
—

Add: Effect of 3.0% senior convertible unsecured notes(2)
1,765

 
—

 
—

 
—

Add: Effect of Series J convertible perpetual preferred stock
2,250

 
—

 
—

 
—

Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders, HPU holders and Participating Security Holders for diluted earnings per common share(1)
$
28,212

 
$
(41,008
)
 
$
(21,137
)
 
$
(125,031
)


Explanatory Notes:
_______________________________________________________________________________

(1)
For the three months ended September 30, 2014, includes income from continuing operations allocable to Participating Security Holders of $2 and $2 on a basic and dilutive basis, respectively.
(2)
For the three months ended September 30, 2014, includes interest expense, amortization of fees, and other changes in income or loss that would result from the assumed conversion.
Schedule of earnings per share allocable to common shares and HPU shares
 
For the Three Months Ended
September 30,
 
For the Nine Months Ended
September 30,
 
2014
 
2013
 
2014
 
2013
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
$
22,327

 
$
(39,689
)
 
$
(20,454
)
 
$
(120,995
)
Income (loss) from discontinued operations
—

 
247

 
—

 
1,394

Gain from discontinued operations
—

 
8,871

 
—

 
21,762

Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders
$
22,327

 
$
(30,571
)
 
$
(20,454
)
 
$
(97,839
)
 
 
 
 
 
 
 
 
Numerator for diluted earnings per share:
 
 
 
 
 
 
 
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders
$
27,608

 
$
(39,689
)
 
$
(20,454
)
 
$
(120,995
)
Income (loss) from discontinued operations
—

 
247

 
—

 
1,394

Gain from discontinued operations
—

 
8,871

 
—

 
21,762

Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders
$
27,608

 
$
(30,571
)
 
$
(20,454
)
 
$
(97,839
)
 
 
 
 
 
 
 
 
Denominator for basic and diluted earnings per share:
 
 
 
 
 
 
 
Weighted average common shares outstanding for basic earnings per common share
85,163

 
85,392

 
84,967

 
85,116

Add: Effect of assumed shares issued under treasury stock method for restricted shares
505

 
—

 
—

 
—

Add: Effect of joint venture shares
298

 
—

 
—

 
—

Add: Effect of 1.5% senior convertible unsecured notes
11,567

 
—

 
—

 
—

Add: Effect of 3.0% senior convertible unsecured notes
16,992

 
—

 
—

 
—

Add: Effect of series J convertible perpetual preferred stock
15,635

 
—

 
—

 
—

Weighted average common shares outstanding for diluted earnings per common share
130,160

 
85,392

 
84,967

 
85,116

 
 
 
 
 
 
 
 
Basic earnings per common share:
 
 
 
 
 
 
 
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders
$
0.26

 
$
(0.46
)
 
$
(0.24
)
 
$
(1.43
)
Income (loss) from discontinued operations
—

 
—

 
—

 
0.02

Gain from discontinued operations
—

 
0.10

 
—

 
0.26

Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders
$
0.26

 
$
(0.36
)
 
$
(0.24
)
 
$
(1.15
)
 
 
 
 
 
 
 
 
Diluted earnings per common share:
 
 
 
 
 
 
 
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders
$
0.21

 
$
(0.46
)
 
$
(0.24
)
 
$
(1.43
)
Income (loss) from discontinued operations
—

 
—

 
—

 
0.02

Gain from discontinued operations
—

 
0.10

 
—

 
0.26

Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders
$
0.21

 
$
(0.36
)
 
$
(0.24
)
 
$
(1.15
)

 
For the Three Months Ended
September 30,
 
For the Nine Months Ended
September 30,
 
2014
 
2013
 
2014
 
2013
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
$
744

 
$
(1,319
)
 
$
(683
)
 
$
(4,036
)
Income (loss) from discontinued operations
—

 
8

 
—

 
47

Gain from discontinued operations
—

 
295

 
—

 
726

Net income (loss) attributable to iStar Financial Inc. and allocable to HPU holders
$
744

 
$
(1,016
)
 
$
(683
)
 
$
(3,263
)
 
 
 
 
 
 
 
 
Numerator for diluted earnings per HPU share:
 
 
 
 
 
 
 
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to HPU holders
$
602

 
$
(1,319
)
 
$
(683
)
 
$
(4,036
)
Income (loss) from discontinued operations
—

 
8

 
—

 
47

Gain from discontinued operations
—

 
295

 
—

 
726

Net income (loss) attributable to iStar Financial Inc. and allocable to HPU holders
$
602

 
$
(1,016
)
 
$
(683
)
 
$
(3,263
)
 
 
 
 
 
 
 
 
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
$
49.60

 
$
(87.93
)
 
$
(45.53
)
 
$
(269.07
)
Income (loss) from discontinued operations
—

 
0.53

 
—

 
3.13

Gain from discontinued operations
—

 
19.67

 
—

 
48.40

Net income (loss) attributable to iStar Financial Inc. and allocable to HPU holders
$
49.60

 
$
(67.73
)
 
$
(45.53
)
 
$
(217.54
)
 
 
 
 
 
 
 
 
Diluted earnings per HPU share:
 
 
 
 
 
 
 
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to HPU holders
$
40.13

 
$
(87.93
)
 
$
(45.53
)
 
$
(269.07
)
Income (loss) from discontinued operations
—

 
0.53

 
—

 
3.13

Gain from discontinued operations
—

 
19.67

 
—

 
48.40

Net income (loss) attributable to iStar Financial Inc. and allocable to HPU holders
$
40.13

 
$
(67.73
)
 
$
(45.53
)
 
$
(217.54
)
Schedule of anti-dilutive shares
For the three and nine months ended September 30, 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
September 30,
 
For the Nine Months Ended
September 30,
 
2014(1)
 
2013(2)
 
2014(2)
 
2013(2)
Joint venture shares
—

 
298

 
298

 
298

3.00% convertible senior unsecured notes
—

 
16,992

 
16,992

 
16,992

Series J convertible perpetual preferred stock
—

 
15,635

 
15,635

 
15,635

1.50% convertible senior unsecured notes
—

 
—

 
11,567

 
—



Explanatory Notes:
_______________________________________________________________________________

(1)
For the three months ended September 30, 2014, the effect of 21 unvested performance-based Units were anti-dilutive.
(2)
For the nine months ended September 30, 2014 and for the three and nine months ended September 30, 2013, the effect of the Company's unvested Units and CSEs were anti-dilutive.