Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2015

Construction in progress as of June 30, 2015 and December 31, 2014, is composed of the following:



(in thousands)	June 30, 2015		December 31, 2014
Park Van Ness	$	48,371	$	26,998
Other	5,114		3,263
Total	$	53,485	$	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.



	As of or For The Three Months Ended June 30,		As of or For The Six Months Ended June 30,
(In thousands)	2015	2014	2015	2014
Weighted average common shares outstanding-Basic	21,098	20,717	21,058	20,670
Effect of dilutive options	45	26	82	32
Weighted average common shares outstanding-Diluted	21,143	20,743	21,140	20,702
Non-dilutive options	318	113	318	113	(1	)

(1) The non-dilutive options were issued in 2007, 2008 and 2015.