XML 48 R47.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Earnings Per Share (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
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 Years Ended December 31,
| 2019 |  | 2018 |  | 2017
Income (loss) from continuing operations | $ | 334,325 |  |  | $ | (18,326 | ) |  | $ | 51,851 |
Net income attributable to noncontrolling interests | (10,283 | ) |  | (13,936 | ) |  | (4,526 | )
Preferred dividends | (32,495 | ) |  | (32,495 | ) |  | (48,444 | )
Premium above book value on redemption of preferred stock | — |  |  | — |  |  | (16,314 | )
Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders for basic earnings per common share | $ | 291,547 |  |  | $ | (64,757 | ) |  | $ | (17,433 | )
Add: Effect of Series J convertible perpetual preferred stock | 9,000 |  |  | — |  |  | — |
Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders for diluted earnings per common share | $ | 300,547 |  |  | $ | (64,757 | ) |  | $ | (17,433 | )
Schedule of earnings per share allocable to common shares and HPU shares |
| For the Years Ended December 31,
| 2019 |  | 2018 |  | 2017
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 | $ | 291,547 |  |  | $ | (64,757 | ) |  | $ | (17,433 | )
Income from discontinued operations | — |  |  | — |  |  | 4,939 |
Gain from discontinued operations | — |  |  | — |  |  | 123,418 |
Net income (loss) attributable to iStar Inc. and allocable to common shareholders | $ | 291,547 |  |  | $ | (64,757 | ) |  | $ | 110,924 |
Numerator for diluted earnings per share: |  |  |  |  |
Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders | $ | 300,547 |  |  | $ | (64,757 | ) |  | $ | (17,433 | )
Income from discontinued operations | — |  |  | — |  |  | 4,939 |
Gain from discontinued operations | — |  |  | — |  |  | 123,418 |
Net income (loss) attributable to iStar Inc. and allocable to common shareholders | $ | 300,547 |  |  | $ | (64,757 | ) |  | $ | 110,924 |
Denominator for basic and diluted earnings per share: |  |  |  |  |
Weighted average common shares outstanding for basic earnings per common share | 64,696 |  |  | 67,958 |  |  | 71,021 |
Add: Effect of assumed shares issued under treasury stock method for restricted stock units | 146 |  |  | — |  |  | — |
Add: Effect of series J convertible perpetual preferred stock | 15,824 |  |  | — |  |  | — |
Weighted average common shares outstanding for diluted earnings per common share | 80,666 |  |  | 67,958 |  |  | 71,021 |
Basic earnings per common share: |  |  |  |  |
Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders | $ | 4.51 |  |  | $ | (0.95 | ) |  | $ | (0.25 | )
Income from discontinued operations | — |  |  | — |  |  | 0.07 |
Gain from discontinued operations | — |  |  | — |  |  | 1.74 |
Net income (loss) attributable to iStar Inc. and allocable to common shareholders | $ | 4.51 |  |  | $ | (0.95 | ) |  | $ | 1.56 |
Diluted earnings per common share: |  |  |  |  |
Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders | $ | 3.73 |  |  | $ | (0.95 | ) |  | $ | (0.25 | )
Income from discontinued operations | — |  |  | — |  |  | 0.07 |
Gain from discontinued operations | — |  |  | — |  |  | 1.74 |
Net income (loss) attributable to iStar Inc. and allocable to common shareholders | $ | 3.73 |  |  | $ | (0.95 | ) |  | $ | 1.56 |
Schedule of anti-dilutive shares | For the years ended December 31, 2019, 2018 and 2017, the following shares were not included in the diluted EPS calculation because they were anti-dilutive (in thousands)(1)(2)(3):
| For the Years Ended December 31,
| 2019 |  | 2018 |  | 2017
Joint venture shares | — |  |  | — |  |  | 255 |
Series J convertible perpetual preferred stock | — |  |  | 15,704 |  |  | 15,635 |
_______________________________________________________________________________
(1) | For the year ended December 31, 2017, the effect of 6 and 17 unvested time and market-based Units, respectively, were anti-dilutive due to the Company having a net loss for the period.
(2) | For the year ended December 31, 2018, the effect of the Company's unvested Units, CSEs and restricted stock awards were anti-dilutive due to the Company having a net loss for the period.
(3) | The Company will settle conversions of the 3.125% Convertible Notes by paying the conversion value in cash up to the original principal amount of the notes being converted and shares of common stock to the extent of any conversion premium. The amount of cash and shares of common stock, if any, due upon conversion will be based on a daily conversion value calculated for each trading day in a 40 consecutive day observation period. Based upon the conversion price of the 3.125% Convertible Notes, no shares of common stock would have been issuable upon conversion of the 3.125% Convertible Notes for the years ended December 31, 2019, 2018, and 2017, and therefore the 3.125% Convertible Notes had no effect on diluted EPS for such periods.

X
- Definition Tabular disclosure of the reconciliation of income (loss) from continuing operations used in the basic and diluted EPS calculations. + References No definition available. + Details
Name: | star_ScheduleOfIncomeLossFromContinuingOperationsUsedInBasicAndDilutedEarningsPerShareCalculationsTableTextBlock
Namespace Prefix: | star_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -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
Name: | us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -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
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration