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Earnings Per Share | 6 Months Ended
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Jun. 30, 2018
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share The following table presents a reconciliation of income (loss) from continuing operations used in the basic and diluted earnings per share ("EPS") calculations ($ in thousands, except for per share data):
| For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
Income from continuing operations | $ | 3,611 |  |  | $ | 76,117 |  |  | $ | 21,589 |  |  | $ | 47,869 |
Income from sales of real estate | 56,895 |  |  | 844 |  |  | 73,943 |  |  | 8,954 |
Net income attributable to noncontrolling interests | (9,509 | ) |  | (5,710 | ) |  | (9,604 | ) |  | (4,610 | )
Preferred dividends | (8,124 | ) |  | (12,830 | ) |  | (16,248 | ) |  | (25,660 | )
Income from continuing operations attributable to iStar Inc. and allocable to common shareholders for basic earnings per common share | $ | 42,873 |  |  | $ | 58,421 |  |  | $ | 69,680 |  |  | $ | 26,553 |
Add: Effect of joint venture shares | — |  |  | 5 |  |  | — |  |  | 9 |
Add: Effect of Series J convertible perpetual preferred stock | 2,250 |  |  | 2,250 |  |  | 4,500 |  |  | 4,500 |
Income from continuing operations attributable to iStar Inc. and allocable to common shareholders for diluted earnings per common share | $ | 45,123 |  |  | $ | 60,676 |  |  | $ | 74,180 |  |  | $ | 31,062 |
| For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
Earnings allocable to common shares: |  |  |  |  |  |  |
Numerator for basic earnings per share: |  |  |  |  |  |  |
Income from continuing operations attributable to iStar Inc. and allocable to common shareholders | $ | 42,873 |  |  | $ | 58,421 |  |  | $ | 69,680 |  |  | $ | 26,553 |
Income from discontinued operations | — |  |  | 173 |  |  | — |  |  | 4,939 |
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 | $ | 42,873 |  |  | $ | 177,467 |  |  | $ | 69,680 |  |  | $ | 150,365 |
Numerator for diluted earnings per share: |  |  |  |  |  |  |
Income from continuing operations attributable to iStar Inc. and allocable to common shareholders | $ | 45,123 |  |  | $ | 60,676 |  |  | $ | 74,180 |  |  | $ | 31,062 |
Income from discontinued operations | — |  |  | 173 |  |  | — |  |  | 4,939 |
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 | $ | 45,123 |  |  | $ | 179,722 |  |  | $ | 74,180 |  |  | $ | 154,874 |
Denominator for basic and diluted earnings per share: |  |  |  |  |  |  |
Weighted average common shares outstanding for basic earnings per common share | 67,932 |  |  | 72,142 |  |  | 67,922 |  |  | 72,104 |
Add: Effect of assumed shares issued under treasury stock method for restricted stock units | 127 |  |  | 120 |  |  | 125 |  |  | 119 |
Add: Effect of joint venture shares | — |  |  | 298 |  |  | — |  |  | 298 |
Add: Effect of series J convertible perpetual preferred stock | 15,635 |  |  | 15,635 |  |  | 15,635 |  |  | 15,635 |
Weighted average common shares outstanding for diluted earnings per common share | 83,694 |  |  | 88,195 |  |  | 83,682 |  |  | 88,156 |
Basic earnings per common share: |  |  |  |  |  |  |
Income from continuing operations attributable to iStar Inc. and allocable to common shareholders | $ | 0.63 |  |  | $ | 0.81 |  |  | $ | 1.03 |  |  | $ | 0.37 |
Income from discontinued operations | — |  |  | — |  |  | — |  |  | 0.07 |
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 | $ | 0.63 |  |  | $ | 2.46 |  |  | $ | 1.03 |  |  | $ | 2.09 |
Diluted earnings per common share: |  |  |  |  |  |  |
Income from continuing operations attributable to iStar Inc. and allocable to common shareholders | $ | 0.54 |  |  | $ | 0.69 |  |  | $ | 0.89 |  |  | $ | 0.35 |
Income from discontinued operations | — |  |  | — |  |  | — |  |  | 0.06 |
Gain from discontinued operations | — |  |  | 1.40 |  |  | — |  |  | 1.40 |
Income tax expense from discontinued operations | — |  |  | (0.05 | ) |  | — |  |  | (0.05 | )
| For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
Net income attributable to iStar Inc. and allocable to common shareholders | $ | 0.54 |  |  | $ | 2.04 |  |  | $ | 0.89 |  |  | $ | 1.76 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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