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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2013
Earnings Per Share [Abstract]  
Schedule of Calculation of Numerator and Denominator in Earnings Per Share

 

 

 

 

 

 

 

Three months ended March 31,

 

 

2013

 

2012

Numerator

 

 

 

 

Income (loss) from continuing operations

 

$         4,361,000

 

$        (7,945,000)

Preferred stock dividends

 

(3,607,000)

 

(3,531,000)

Preferred stock redemption costs

 

(1,166,000)

 

 -

Net loss attributable to noncontrolling interests

 

7,000 

 

180,000 

Net earnings allocated to unvested shares

 

(173,000)

 

(153,000)

Loss from continuing operations attributable to common shareholders

 

(578,000)

 

(11,449,000)

Results from discontinued operations, net of noncontrolling interests

 

(507,000)

 

1,956,000 

Net loss attributable to common shareholders, basic and diluted

 

$        (1,085,000)

 

$        (9,493,000)

 

 

 

 

 

Denominator

 

 

 

 

Weighted average number of vested common shares outstanding

 

68,339,000 

 

67,535,000 

 

 

 

 

 

Earnings (loss) per common share, basic and fully diluted

 

 

 

 

Continuing operations

 

$                 (0.01)

 

$                 (0.17)

Discontinued operations

 

(0.01)

 

0.03 

 

 

$                 (0.02)

 

$                 (0.14)