XML 45 R18.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Earnings Per Share | 3 Months Ended
--- | ---
Mar. 31, 2015
Earnings Per Share [Abstract] |
Earnings Per Share | Note 11. Earnings Per Share Basic earnings per share (“EPS”) is calculated by dividing net income (loss) attributable to the Company’s common shareholders by the weighted average number of common shares outstanding for the period including participating securities (restricted shares issued pursuant to the Company’s share-based compensation program are considered participating securities, as such shares have non-forfeitable rights to receive dividends). Unvested restricted shares are not allocated net losses and/or any excess of dividends declared over net income, as such amounts are allocated entirely to the common shareholders. For the three months ended March 31, 2015 and 201 4, the Company had 3.6 million and 3.7 million, respectively, of weighted average unvested restricted shares outstanding. The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the three months ended March 31, 2015 and 201 4, respectively:
|  | Three months ended March 31,
|  | 2015 |  | 2014
Numerator |  |  |  |
Income from continuing operations |  | $ 3,234,000 |  | $ 904,000
Preferred stock dividends |  | (3,602,000) |  | (3,602,000)
Net loss attributable to noncontrolling interests |  | 81,000 |  | 71,000
Net earnings allocated to unvested shares |  | (177,000) |  | (182,000)
Loss from continuing operations attributable to vested |  |  |  |
common shares |  | (464,000) |  | (2,809,000)
Income from discontinued operations, net of noncontrolling |  |  |  |
interests, attributable to vested common shares |  | 164,000 |  | 812,000
Net loss attributable to vested common shares outstanding |  | $ (300,000) |  | $ (1,997,000)
Denominator |  |  |  |
Weighted average number of vested common shares outstanding |  | 80,719,000 |  | 74,620,000
Earnings (loss) per vested common share, basic and diluted |  |  |  |
Continuing operations |  | $ (0.01) |  | $ (0.04)
Discontinued operations |  | $ 0.01 |  | $ 0.01
|  | $ (0.00) |  | $ (0.03)
Fully-diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into shares of common stock. The net loss attributable to noncontrolling interests of the Operating Partnership has been excluded from the numerator and the related OP Units have been excluded from the denominator for the purpose of calculating diluted EPS as there would have been no effect had such amounts been included. The weighted average number of OP Units outstanding was 393,000 and 480,000 for the three months ended March 31, 2015 and 201 4, respectively.

X
- Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration