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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 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 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,
 
2017
 
2016
 
2017
 
2016
Income (loss) from continuing operations
$
76,117

 
$
12,670

 
$
47,869

 
$
(10,670
)
Income from sales of real estate
844

 
43,484

 
8,954

 
53,943

Net (income) loss attributable to noncontrolling interests
(5,710
)
 
(8,825
)
 
(4,610
)
 
(7,883
)
Preferred dividends
(12,830
)
 
(12,830
)
 
(25,660
)
 
(25,660
)
Income from continuing operations attributable to iStar Inc. and allocable to common shareholders and Participating Security Holders for basic earnings per common share(1)
$
58,421

 
$
34,499

 
$
26,553

 
$
9,730

Add: Effect of joint venture shares
5

 
3

 
9

 
2

Add: Effect of 1.50% senior convertible unsecured notes
—

 
1,140

 
—

 
—

Add: Effect of 3.00% senior convertible unsecured notes
—

 
1,782

 
—

 
—

Add: Effect of Series J convertible perpetual preferred stock
2,250

 
2,250

 
4,500

 
—

Income from continuing operations attributable to iStar Inc. and allocable to common shareholders and Participating Security Holders for diluted earnings per common share(1)
$
60,676

 
$
39,674

 
$
31,062

 
$
9,732


_______________________________________________________________________________
(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,
 
2017
 
2016
 
2017
 
2016
Earnings allocable to common shares:
 
 
 
 
 
 
 
Numerator for basic earnings per share:
 
 
 
 
 
 
 
Income from continuing operations attributable to iStar Inc. and allocable to common shareholders
$
58,421

 
$
34,481

 
$
26,553

 
$
9,724

Income from discontinued operations
173

 
3,631

 
4,939

 
7,209

Gain from discontinued operations
123,418

 
—

 
123,418

 
—

Income tax expense from discontinued operations
(4,545
)
 
—

 
(4,545
)
 
—

Net income attributable to iStar Inc. and allocable to common shareholders
$
177,467

 
$
38,112

 
$
150,365

 
$
16,933

 
 
 
 
 
 
 
 
Numerator for diluted earnings per share:
 
 
 
 
 
 
 
Income from continuing operations attributable to iStar Inc. and allocable to common shareholders
$
60,676

 
$
39,661

 
$
31,062

 
$
9,726

Income from discontinued operations
173

 
3,632

 
4,939

 
7,209

Gain from discontinued operations
123,418

 
—

 
123,418

 
—

Income tax expense from discontinued operations
(4,545
)
 
—

 
(4,545
)
 
—

Net income attributable to iStar Inc. and allocable to common shareholders
$
179,722

 
$
43,293

 
$
154,874

 
$
16,935

 
 
 
 
 
 
 
 
Denominator for basic and diluted earnings per share:
 
 
 
 
 
 
 
Weighted average common shares outstanding for basic earnings per common share
72,142

 
73,984

 
72,104

 
75,522

Add: Effect of assumed shares issued under treasury stock method for restricted stock units
120

 
34

 
119

 
52

Add: Effect of joint venture shares
298

 
298

 
298

 
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

 
15,635

 
15,635

 
—

Weighted average common shares outstanding for diluted earnings per common share
88,195

 
118,510

 
88,156

 
75,872

 
 
 
 
 
 
 
 
Basic earnings per common share:
 
 
 
 
 
 
 
Income from continuing operations attributable to iStar Inc. and allocable to common shareholders
$
0.81

 
$
0.47

 
$
0.37

 
$
0.13

Income from discontinued operations
—

 
0.05

 
0.07

 
0.09

Gain from discontinued operations
1.71

 
—

 
1.71

 
—

Income tax expense from discontinued operations
(0.06
)
 
—

 
(0.06
)
 
—

Net income attributable to iStar Inc. and allocable to common shareholders
$
2.46

 
$
0.52

 
$
2.09

 
$
0.22

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Three Months Ended June 30,
 
For the Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Diluted earnings per common share:
 
 
 
 
 
 
 
Income from continuing operations attributable to iStar Inc. and allocable to common shareholders
$
0.69

 
$
0.34

 
$
0.35

 
$
0.13

Income from discontinued operations
—

 
0.03

 
0.06

 
0.09

Gain from discontinued operations
1.40

 
—

 
1.40

 
—

Income tax expense from discontinued operations
(0.05
)
 
—

 
(0.05
)
 
—

Net income attributable to iStar Inc. and allocable to common shareholders
$
2.04

 
$
0.37

 
$
1.76

 
$
0.22

 
 
 
 
 
 
 
 
Schedule of anti-dilutive shares
The following shares were not included in the diluted EPS calculation because they were anti-dilutive (in thousands):
 
For the Three Months Ended June 30,
 
For the Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
3.00% convertible senior unsecured notes
—

 
—

 
—

 
16,992

Series J convertible perpetual preferred stock
—

 
—

 
—

 
15,635

1.50% convertible senior unsecured notes
—

 
—

 
—

 
11,567

Joint venture shares
—

 
—

 
—

 
—


_______________________________________________________________________________
(1)
For the three and six months ended June 30, 2017, the effect of 5 and 20 unvested time and performance-based Units were anti-dilutive, respectively.
(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.