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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.