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Earnings Per Share | 12 Months Ended
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Dec. 31, 2015
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share Earnings per share ("EPS") is calculated using the two-class method, which allocates earnings among common stock and participating securities to calculate EPS when an entity's capital structure includes either two or more classes of common stock or common stock and participating securities. HPU holders were current and former Company employees who purchased high performance common stock units under the Company's High Performance Unit Program. These HPU units were treated as a separate class of common stock. All of the Company's outstanding HPUs were repurchased and retired on August 13, 2015 (refer to Note 13). 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 Years Ended December 31,
| 2015 |  | 2014 |  | 2013
Income (loss) from continuing operations | $ | (99,973 | ) |  | $ | (74,178 | ) |  | $ | (220,768 | )
Income from sales of real estate | 93,816 |  |  | 89,943 |  |  | 86,658 |
Net (income) loss attributable to noncontrolling interests | 3,722 |  |  | 704 |  |  | (718 | )
Preferred dividends | (51,320 | ) |  | (51,320 | ) |  | (49,020 | )
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 | $ | (53,755 | ) |  | $ | (34,851 | ) |  | $ | (183,848 | )
| For the Years Ended December 31,
| 2015 |  | 2014 |  | 2013
Earnings allocable to common shares: |  |  |  |  |
Numerator for basic and diluted earnings per share: |  |  |  |  |
Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders | $ | (52,675 | ) |  | $ | (33,722 | ) |  | $ | (177,907 | )
Income (loss) from discontinued operations | — |  |  | — |  |  | 623 |
Gain from discontinued operations | — |  |  | — |  |  | 21,515 |
Net income (loss) attributable to iStar Inc. and allocable to common shareholders | $ | (52,675 | ) |  | $ | (33,722 | ) |  | $ | (155,769 | )
Denominator for basic and diluted earnings per share: |  |  |  |  |
Weighted average common shares outstanding for basic and diluted earnings per common share | 84,987 |  |  | 85,031 |  |  | 84,990 |
Basic and diluted earnings per common share: |  |  |  |  |
Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders | $ | (0.62 | ) |  | $ | (0.40 | ) |  | $ | (2.09 | )
Income (loss) from discontinued operations | — |  |  | — |  |  | 0.01 |
Gain from discontinued operations | — |  |  | — |  |  | 0.25 |
Net income (loss) attributable to iStar Inc. and allocable to common shareholders | $ | (0.62 | ) |  | $ | (0.40 | ) |  | $ | (1.83 | )
| For the Years Ended December 31,
| 2015 |  | 2014 |  | 2013
Earnings allocable to HPUs (1): |  |  |  |  |
Numerator for basic and diluted earnings per HPU share: |  |  |  |  |
Income (loss) from continuing operations attributable to iStar Inc. and allocable to HPU holders | $ | (1,080 | ) |  | $ | (1,129 | ) |  | $ | (5,941 | )
Income (loss) from discontinued operations | — |  |  | — |  |  | 21 |
Gain from discontinued operations | — |  |  | — |  |  | 718 |
Net income (loss) attributable to iStar Inc. and allocable to HPU holders | $ | (1,080 | ) |  | $ | (1,129 | ) |  | $ | (5,202 | )
Denominator for basic and diluted earnings per HPU share: |  |  |  |  |
Weighted average HPUs outstanding for basic and diluted earnings per share | 9 |  |  | 15 |  |  | 15 |
Basic and diluted earnings per HPU share: |  |  |  |  |
Income (loss) from continuing operations attributable to iStar Inc. and allocable to HPU holders | $ | (120.00 | ) |  | $ | (75.27 | ) |  | $ | (396.07 | )
Income (loss) from discontinued operations | — |  |  | — |  |  | 1.40 |
Gain from discontinued operations | — |  |  | — |  |  | 47.87 |
Net income (loss) attributable to iStar Inc. and allocable to HPU holders | $ | (120.00 | ) |  | $ | (75.27 | ) |  | $ | (346.80 | )
_______________________________________________________________________________
(1) | All of the Company's outstanding HPUs were repurchased and retired on August 13, 2015 (refer to Note 13).
For the years ended December 31, 2015, 2014 and 2013, the following shares were not included in the diluted EPS calculation because they were anti-dilutive (in thousands):
| For the Years Ended December 31,
| 2015(1) |  | 2014(1) |  | 2013(1)
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 years ended December 31, 2015, 2014 and 2013, the effect of the Company's unvested Units, performance-based Units and CSEs were anti-dilutive.

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