XML 50 R39.htm IDEA: XBRL DOCUMENT v3.7.0.1
Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2017
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 operations used in the basic and diluted EPS calculations ($ in thousands, except for per share data):
 
For the Three Months Ended March 31,
 
2017
 
2016
Income (loss) from operations
$
(23,990
)
 
$
(19,757
)
Income from sales of real estate
8,618

 
10,458

Net (income) loss attributable to noncontrolling interests
1,100

 
942

Preferred dividends
(12,830
)
 
(12,830
)
Income (loss) from operations attributable to iStar Inc. and allocable to common shareholders and Participating Security Holders for basic and diluted earnings per common share
$
(27,102
)
 
$
(21,187
)


Schedule of earnings per share allocable to common shares and HPU shares
 
For the Three Months Ended March 31,
 
2017
 
2016
Earnings allocable to common shares:
 
 
 
Numerator for basic and diluted earnings per share:
 
 
 
Income (loss) from operations attributable to iStar Inc. and allocable to common shareholders
$
(27,102
)
 
$
(21,187
)
Net income (loss) attributable to iStar Inc. and allocable to common shareholders
$
(27,102
)
 
$
(21,187
)
 
 
 
 
Denominator for basic and diluted earnings per share:
 
 
 
Weighted average common shares outstanding for basic and diluted earnings per common share
72,065

 
77,060

 
 
 
 
Basic and diluted earnings per common share:
 
 
 
Income (loss) from operations attributable to iStar Inc. and allocable to common shareholders
$
(0.38
)
 
$
(0.27
)
Net income (loss) attributable to iStar Inc. and allocable to common shareholders
$
(0.38
)
 
$
(0.27
)
Schedule of anti-dilutive shares
The following shares were not included in the diluted EPS calculation because they were anti-dilutive (in thousands)(1):
 
For the Three Months Ended March 31,
 
2017
 
2016
3.00% convertible senior unsecured notes

 
16,992

Series J convertible perpetual preferred stock
15,635

 
15,635

1.50% convertible senior unsecured notes

 
11,567

Joint venture shares
298

 
298


_______________________________________________________________________________
(1)
For the three months ended March 31, 2017 and 2016, the effect of the Company's unvested Units, performance-based Units, CSEs and restricted stock awards were anti-dilutive.