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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Schedule Of Calculation Of Numerator And Denominator In Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

Three months ended June 30,

 

Six months ended June 30,

 

 

2014

 

2013

 

2014

 

2013

Numerator

 

 

 

 

 

 

 

 

Income from continuing operations

 

$                6,672,000 

 

$                2,319,000 

 

$                7,403,000 

 

$                6,216,000 

Preferred stock dividends

 

(3,602,000)

 

(3,602,000)

 

(7,204,000)

 

(7,209,000)

Preferred stock redemption costs

 

 -

 

 -

 

 -

 

(1,166,000)

Net loss attributable to noncontrolling interests

 

128,000 

 

99,000 

 

212,000 

 

106,000 

Net earnings allocated to unvested shares

 

(619,000)

 

(198,000)

 

(524,000)

 

(371,000)

Income (loss) from continuing operations attributable to vested

 

 

 

 

 

 

 

 

common shares

 

2,579,000 

 

(1,382,000)

 

(113,000)

 

(2,424,000)

Income from discontinued operations, net of noncontrolling interests,

 

 

 

 

 

 

 

 

attributable to vested common shares

 

10,260,000 

 

2,161,000 

 

11,232,000 

 

2,118,000 

Net income (loss) attributable to vested common shares outstanding

 

$              12,839,000 

 

$                   779,000 

 

$              11,119,000 

 

$                 (306,000)

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

Weighted average number of vested common shares outstanding

 

75,531,000 

 

68,345,000 

 

75,076,000 

 

68,342,000 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

Continuing operations

 

$                         0.03 

 

$                       (0.02)

 

$                       (0.00)

 

$                       (0.03)

Discontinued operations

 

$                         0.14 

 

$                         0.03 

 

$                         0.15 

 

$                         0.03 

 

 

$                         0.17 

 

$                         0.01 

 

$                         0.15 

 

$                       (0.00)