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Earnings Per Share (Tables) | 6 Months Ended
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Jun. 30, 2016
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 June 30, |  | For the Six Months Ended June 30,
| 2016 |  | 2015 |  | 2016 |  | 2015
Income (loss) from continuing operations | $ | 16,303 |  |  | $ | (38,131 | ) |  | $ | (3,456 | ) |  | $ | (71,599 | )
Income from sales of real estate | 43,484 |  |  | 18,355 |  |  | 53,943 |  |  | 39,511 |
Net (income) loss attributable to noncontrolling interests | (8,825 | ) |  | 629 |  |  | (7,883 | ) |  | 2,470 |
Preferred dividends | (12,830 | ) |  | (12,830 | ) |  | (25,660 | ) |  | (25,660 | )
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) | $ | 38,132 |  |  | $ | (31,977 | ) |  | $ | 16,944 |  |  | $ | (55,278 | )
Add: effect of joint venture shares | 3 |  |  | — |  |  | 2 |  |  | — |
Add: Effect of 1.50% senior convertible unsecured notes | 1,140 |  |  | — |  |  | 2,277 |  |  | — |
Add: Effect of 3.00% senior convertible unsecured notes | 1,782 |  |  | — |  |  | 3,562 |  |  | — |
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 | $ | 43,307 |  |  | $ | (31,977 | ) |  | $ | 22,785 |  |  | $ | (55,278 | )
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(1) | For the three months ended June 30, 2016, includes income from continuing operations allocable to Participating Security Holders of $20 and $14 on a basic and dilutive basis. For the six months ended June 30, 2016, includes income from continuing operations allocable to Participating Security Holders of $11 on a basic and dilutive basis.
Schedule of earnings per share allocable to common shares and HPU shares |
| For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
| 2016 |  | 2015 |  | 2016 |  | 2015
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 | $ | 38,112 |  |  | $ | (30,950 | ) |  | $ | 16,933 |  |  | $ | (53,502 | )
Net income (loss) attributable to iStar Inc. and allocable to common shareholders | $ | 38,112 |  |  | $ | (30,950 | ) |  | $ | 16,933 |  |  | $ | (53,502 | )
Numerator for diluted earnings per share: |  |  |  |  |  |  |
Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders | $ | 43,293 |  |  | $ | (30,950 | ) |  | $ | 22,774 |  |  | $ | (53,502 | )
Net income (loss) attributable to iStar Inc. and allocable to common shareholders | $ | 43,293 |  |  | $ | (30,950 | ) |  | $ | 22,774 |  |  | $ | (53,502 | )
Denominator for basic and diluted earnings per share: |  |  |  |  |  |  |
Weighted average common shares outstanding for basic earnings per common share | 73,984 |  |  | 85,541 |  |  | 75,522 |  |  | 85,519 |
Add: Effect of assumed shares issued under treasury stock method for restricted stock units | 34 |  |  | — |  |  | 52 |  |  | — |
Add: Effect of joint venture shares | 298 |  |  | — |  |  | 298 |  |  | — |
Add: Effect of 1.50% senior convertible unsecured notes | 11,567 |  |  | — |  |  | 11,567 |  |  | — |
Add: Effect of 3.00% senior convertible unsecured notes | 16,992 |  |  | — |  |  | 16,992 |  |  | — |
| For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
| 2016 |  | 2015 |  | 2016 |  | 2015
Add: Effect of series J convertible perpetual preferred stock | 15,635 |  |  | — |  |  | — |  |  | — |
Weighted average common shares outstanding for diluted earnings per common share | 118,510 |  |  | 85,541 |  |  | 104,431 |  |  | 85,519 |
Basic earnings per common share: |  |  |  |  |  |  |
Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders | $ | 0.52 |  |  | $ | (0.36 | ) |  | $ | 0.22 |  |  | $ | (0.63 | )
Net income (loss) attributable to iStar Inc. and allocable to common shareholders | $ | 0.52 |  |  | $ | (0.36 | ) |  | $ | 0.22 |  |  | $ | (0.63 | )
Diluted earnings per common share: |  |  |  |  |  |  |
Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders | $ | 0.37 |  |  | $ | (0.36 | ) |  | $ | 0.22 |  |  | $ | (0.63 | )
Net income (loss) attributable to iStar Inc. and allocable to common shareholders | $ | 0.37 |  |  | $ | (0.36 | ) |  | $ | 0.22 |  |  | $ | (0.63 | )
Earnings allocable to High Performance Units (1): |  |  |  |  |  |  |
Numerator for basic and diluted earnings per HPU share: |  |  |  |  |  |  |
Net income (loss) attributable to iStar Inc. and allocable to HPU holders | $ | — |  |  | $ | (1,027 | ) |  | $ | — |  |  | $ | (1,776 | )
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: |  |  |  |  |  |  |
Net income (loss) attributable to iStar Inc. and allocable to HPU holders | $ | — |  |  | $ | (68.47 | ) |  | $ | — |  |  | $ | (118.40 | )
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(1) | All of the Company's outstanding HPUs were repurchased and retired on August 13, 2015.
Schedule of anti-dilutive shares | For the three and six months ended June 30, 2016 and 2015, 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 June 30, |  | For the Six Months Ended June 30,
| 2016 |  | 2015 |  | 2016 |  | 2015
3.00% convertible senior unsecured notes | — |  |  | 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 |
Joint venture shares | — |  |  | 298 |  |  | — |  |  | 298 |
_______________________________________________________________________________
(1) | For the three and six months ended June 30, 2015, the effect of the Company's unvested Units, performance-based Units, CSEs and restricted stock awards were anti-dilutive.
(2) | For the three and six months ended June 30, 2016, the effect of 54 and 103 unvested time and performance-based Units were anti-dilutive, respectively.

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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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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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