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Earnings Per Share (Tables)
 12 Months Ended
Dec. 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 Years Ended December 31,
 
2014
 
2013
 
2012
Income (loss) from continuing operations
$
(74,178
)
 
$
(220,768
)
 
$
(314,678
)
Net (income) loss attributable to noncontrolling interests
704

 
(718
)
 
1,500

Income from sales of real estate
89,943

 
86,658

 
63,472

Preferred dividends
(51,320
)
 
(49,020
)
 
(42,320
)
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders, HPU holders and Participating Security Holders
$
(34,851
)
 
$
(183,848
)
 
$
(292,026
)
Schedule of earnings per share allocable to common shares and HPU shares
 
For the Years Ended December 31,
 
2014
 
2013
 
2012
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
$
(33,722
)
 
$
(177,907
)
 
$
(282,452
)
Income (loss) from discontinued operations
—

 
623

 
(16,908
)
Gain from discontinued operations
—

 
21,515

 
26,363

Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders
$
(33,722
)
 
$
(155,769
)
 
$
(272,997
)
Denominator for basic and diluted earnings per share:
 
 
 
 
 
Weighted average common shares outstanding for basic and diluted earnings per common share
85,031

 
84,990

 
83,742

Basic and diluted earnings per common share:
 
 
 
 
 
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders
$
(0.40
)
 
$
(2.09
)
 
$
(3.37
)
Income (loss) from discontinued operations
—

 
0.01

 
(0.20
)
Gain from discontinued operations
—

 
0.25

 
0.31

Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders
$
(0.40
)
 
$
(1.83
)
 
$
(3.26
)


 
For the Years Ended December 31,
 
2014
 
2013
 
2012
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
$
(1,129
)
 
$
(5,941
)
 
$
(9,574
)
Income (loss) from discontinued operations
—

 
21

 
(573
)
Gain from discontinued operations
—

 
718

 
894

Net income (loss) attributable to iStar Financial Inc. and allocable to HPU holders
$
(1,129
)
 
$
(5,202
)
 
$
(9,253
)
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

Basic and diluted earnings per HPU share:
 
 
 
 
 
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to HPU holders
$
(75.27
)
 
$
(396.07
)
 
$
(638.27
)
Income (loss) from discontinued operations
—

 
1.40

 
(38.20
)
Gain from discontinued operations
—

 
47.87

 
59.60

Net income (loss) attributable to iStar Financial Inc. and allocable to HPU holders
$
(75.27
)
 
$
(346.80
)
 
$
(616.87
)
Schedule of anti-dilutive shares
For the years ended December 31, 2014, 2013 and 2012, the following shares were not included in the diluted EPS calculation because they were anti-dilutive (in thousands):
 
For the Years Ended December 31,
 
2014(1)
 
2013(1)
 
2012(1)
Joint venture shares
298

 
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

 
11,567

 
—



Explanatory Note:
_______________________________________________________________________________

(1)
For the years ended December 31, 2014, 2013 and 2012, the effect of the Company's unvested Units, performance-based Units and CSEs were anti-dilutive.