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Earnings Per Share (Tables) | 9 Months Ended
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Sep. 30, 2015
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 EPS calculations ($ in thousands, except for per share data):
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
| 2015 |  | 2014 |  | 2015 |  | 2014
Income (loss) from continuing operations | $ | (20,553 | ) |  | $ | 7,700 |  |  | $ | (92,152 | ) |  | $ | (43,745 | )
Income from sales of real estate | 26,511 |  |  | 27,791 |  |  | 66,021 |  |  | 61,465 |
Net (income) loss attributable to noncontrolling interests | 706 |  |  | 412 |  |  | 3,176 |  |  | (367 | )
Preferred dividends | (12,830 | ) |  | (12,830 | ) |  | (38,490 | ) |  | (38,490 | )
Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders, HPU holders and Participating Security Holders for basic earnings per common share(1) | $ | (6,166 | ) |  | $ | 23,073 |  |  | $ | (61,445 | ) |  | $ | (21,137 | )
Add: Effect of 1.50% senior convertible unsecured notes(2) | — |  |  | 1,124 |  |  | — |  |  | — |
Add: Effect of 3.00% 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 Inc. and allocable to common shareholders, HPU holders and Participating Security Holders for diluted earnings per common share(1) | $ | (6,166 | ) |  | $ | 28,212 |  |  | $ | (61,445 | ) |  | $ | (21,137 | )
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(1) | For the three months ended September 30, 2014, includes income from continuing operations allocable to Participating Security Holders of $2 on a basic and dilutive basis.
(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,
| 2015 |  | 2014 |  | 2015 |  | 2014
Earnings allocable to common shares: |  |  |  |  |  |  |
Numerator for basic earnings per share: |  |  |  |  |  |  |
Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders | $ | (6,072 | ) |  | $ | 22,327 |  |  | $ | (59,818 | ) |  | $ | (20,454 | )
Net income (loss) attributable to iStar Inc. and allocable to common shareholders | $ | (6,072 | ) |  | $ | 22,327 |  |  | $ | (59,818 | ) |  | $ | (20,454 | )
Numerator for diluted earnings per share: |  |  |  |  |  |  |
Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders | $ | (6,072 | ) |  | $ | 27,608 |  |  | $ | (59,818 | ) |  | $ | (20,454 | )
Net income (loss) attributable to iStar Inc. and allocable to common shareholders | $ | (6,072 | ) |  | $ | 27,608 |  |  | $ | (59,818 | ) |  | $ | (20,454 | )
Denominator for basic and diluted earnings per share: |  |  |  |  |  |  |
Weighted average common shares outstanding for basic earnings per common share | 85,766 |  |  | 85,163 |  |  | 85,602 |  |  | 84,967 |
Add: Effect of assumed shares issued under treasury stock method for restricted shares | — |  |  | 505 |  |  | — |  |  | — |
Add: Effect of joint venture shares | — |  |  | 298 |  |  | — |  |  | — |
Add: Effect of 1.50% senior convertible unsecured notes | — |  |  | 11,567 |  |  | — |  |  | — |
Add: Effect of 3.00% 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 | 85,766 |  |  | 130,160 |  |  | 85,602 |  |  | 84,967 |
Basic earnings per common share: |  |  |  |  |  |  |
Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders | $ | (0.07 | ) |  | $ | 0.26 |  |  | $ | (0.70 | ) |  | $ | (0.24 | )
Net income (loss) attributable to iStar Inc. and allocable to common shareholders | $ | (0.07 | ) |  | $ | 0.26 |  |  | $ | (0.70 | ) |  | $ | (0.24 | )
Diluted earnings per common share: |  |  |  |  |  |  |
Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders | $ | (0.07 | ) |  | $ | 0.21 |  |  | $ | (0.70 | ) |  | $ | (0.24 | )
Net income (loss) attributable to iStar Inc. and allocable to common shareholders | $ | (0.07 | ) |  | $ | 0.21 |  |  | $ | (0.70 | ) |  | $ | (0.24 | )
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
| 2015 |  | 2014 |  | 2015 |  | 2014
Earnings allocable to High Performance Units (1): |  |  |  |  |  |  |
Numerator for basic earnings per HPU share: |  |  |  |  |  |  |
Income (loss) from continuing operations attributable to iStar Inc. and allocable to HPU holders | $ | (94 | ) |  | $ | 744 |  |  | $ | (1,627 | ) |  | $ | (683 | )
Net income (loss) attributable to iStar Inc. and allocable to HPU holders | $ | (94 | ) |  | $ | 744 |  |  | $ | (1,627 | ) |  | $ | (683 | )
Numerator for diluted earnings per HPU share: |  |  |  |  |  |  |
Income (loss) from continuing operations attributable to iStar Inc. and allocable to HPU holders | $ | (94 | ) |  | $ | 602 |  |  | $ | (1,627 | ) |  | $ | (683 | )
Net income (loss) attributable to iStar Inc. and allocable to HPU holders | $ | (94 | ) |  | $ | 602 |  |  | $ | (1,627 | ) |  | $ | (683 | )
Denominator for basic and diluted earnings per HPU share: |  |  |  |  |  |  |
Weighted average High Performance Units outstanding for basic and diluted earnings per share | 7 |  |  | 15 |  |  | 12 |  |  | 15 |
Basic earnings per HPU share: |  |  |  |  |  |  |
Income (loss) from continuing operations attributable to iStar Inc. and allocable to HPU holders | $ | (13.41 | ) |  | $ | 49.60 |  |  | $ | (132.19 | ) |  | $ | (45.53 | )
Net income (loss) attributable to iStar Inc. and allocable to HPU holders | $ | (13.41 | ) |  | $ | 49.60 |  |  | $ | (132.19 | ) |  | $ | (45.53 | )
Diluted earnings per HPU share: |  |  |  |  |  |  |
Income (loss) from continuing operations attributable to iStar Inc. and allocable to HPU holders | $ | (13.41 | ) |  | $ | 40.13 |  |  | $ | (132.19 | ) |  | $ | (45.53 | )
Net income (loss) attributable to iStar Inc. and allocable to HPU holders | $ | (13.41 | ) |  | $ | 40.13 |  |  | $ | (132.19 | ) |  | $ | (45.53 | )
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(1) | All of the Company's outstanding HPUs were repurchased and retired on August 13, 2015 (refer to Note 12).
Schedule of anti-dilutive shares | For the three and nine months ended September 30, 2015 and 2014, the following shares were not included in the diluted EPS calculation because they were anti-dilutive (in thousands)(1)(2):
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
| 2015 |  | 2014 |  | 2015 |  | 2014
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 |  |  | — |  |  | 11,567 |  |  | 11,567 |
_______________________________________________________________________________
(1) | For the three and nine months ended September 30, 2015 and for the nine months ended September 30, 2014, the effect of the Company's unvested Units, performance-based Units, CSEs and restricted stock awards were anti-dilutive.
(2) | For the three months ended September 30, 2014, the effect of 21 unvested performance-based Units were anti-dilutive.

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + 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 (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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