Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2015

Construction in progress as of March 31, 2015 and December 31, 2014, is composed of the following:



(in thousands)	March 31, 2015		December 31, 2014
Park Van Ness	$	35,458	$	26,998
Other	3,843		3,263
Total	$	39,301	$	30,261

Basic and Diluted Shares Outstanding

The following table sets forth, for the indicated periods, weighted averages of the number of common shares outstanding, basic and dilutive, the effect of dilutive options and the number of options which are not dilutive because the average price of the Company's common stock was less than the exercise prices. The treasury stock method was used to measure the effect of the dilution.



	Three Months Ended March 31,
(In thousands)	2015	2014
Weighted average common shares outstanding-Basic	21,018	20,622
Effect of dilutive options	119	41
Weighted average common shares outstanding-Diluted	21,137	20,663
Non-dilutive options	—	113	(1	)

(1) The non-dilutive options were issued in 2007 and 2008.