Mack-Cali Realty Corporation Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2011
Mack-Cali Realty Corporation Stockholders' Equity [Abstract] 
Schedule Of Stock Option Plans
   
Weighted
Aggregate
 
Shares
Average
Intrinsic
 
Under
Exercise
Value
 
Options
Price
$(000's)
Outstanding  as January 1, 2011
295,676
$29.05
$1,186
Exercised
(107,806)
$28.27
  
Cancelled
(4,000)
$28.80
  
Outstanding at September 30, 2011 ($28.47 – $45.47)
183,870
$29.51
--
Options exercisable at September 30, 2011
183,870
    
Available for grant at September 30, 2011
2,425,073
    
Schedule Of Restricted Stock Awards

 

 

Weighted-Average

 

 

Grant – Date

 

Shares

Fair Value

Outstanding at January 1, 2011

239,759

$35.90

Vested

(82,078)

37.01

Outstanding at September 30, 2011

157,681

$35.32

Schedule Of Basic And Diluted Earnings Per Share

                 
   
Three Months Ended
  
   
September 30,
  
Computation of Basic EPS
  
2011
    
2010
  
Income from continuing operations
   $ 24,083     $ 15,581  
Add:         Noncontrolling interest in consolidated joint ventures
     96       108  
Deduct:  Noncontrolling interest in operating partnership
     (3,015 )     (2,150 )
Deduct:  Preferred stock dividends
     (664 )     (500 )
Income from continuing operations available to common shareholders
     20,500       13,039  
Income (loss) from discontinued operations available to common
                
   shareholders
     --       --  
Net income available to common shareholders
   $ 20,500     $ 13,039  
                 
Weighted average common shares
     87,019       79,304  
                 
Basic EPS:
                
Income from continuing operations available to common shareholders
   $ 0.24     $ 0.16  
Income (loss) from discontinued operations available to common
                
   shareholders
     --       --  
Net income available to common shareholders
   $ 0.24     $ 0.16  

                 
   
Three Months Ended
  
   
September 30,
  
Computation of Diluted EPS
  
2011
    
2010
  
Income from continuing operations available to common shareholders
   $ 20,500     $ 13,039  
Add:         Noncontrolling interest in operating partnership
     3,015       2,150  
Income from continuing operations for diluted earnings per share
     23,515       15,189  
Income (loss) from discontinued operations for diluted earnings
                
   per share
     --       --  
Net income available to common shareholders
   $ 23,515     $ 15,189  
                 
Weighted average common shares
     99,917       92,464  
                 
Diluted EPS:
                
Income from continuing operations available to common shareholders
   $ 0.24     $ 0.16  
Income (loss) from discontinued operations available to common
                
   shareholders
     --       --  
Net income available to common shareholders
   $ 0.24     $ 0.16  

The following information presents the Company's results for the nine months ended September 30, 2011 and 2010 in accordance with ASC 260, Earnings Per Share:  (dollars in thousands)

                 
   
Nine Months Ended
  
   
September 30,
  
Computation of Basic EPS
  
2011
    
2010
  
Income from continuing operations
   $ 62,949     $ 50,518  
Add:         Noncontrolling interest in consolidated joint ventures
     308       281  
Deduct:  Noncontrolling interest in operating partnership
     (8,031 )     (7,047 )
Deduct:  Preferred stock dividends
     (1,664 )     (1,500 )
Income from continuing operations available to common shareholders
     53,562       42,252  
Income (loss) from discontinued operations available to common
                
   shareholders
     --       4,021  
Net income available to common shareholders
   $ 53,562     $ 46,273  
                 
Weighted average common shares
     85,649       79,161  
                 
Basic EPS:
                
Income from continuing operations available to common shareholders
   $ 0.63     $ 0.53  
Income (loss) from discontinued operations available to common
                
   shareholders
     --       0.05  
Net income available to common shareholders
   $ 0.63     $ 0.58  

                 
   
Nine Months Ended
  
   
September 30,
  
Computation of Diluted EPS
  
2011
    
2010
  
Income from continuing operations available to common shareholders
   $ 53,562     $ 42,252  
Add:         Noncontrolling interest in operating partnership
     8,031       7,047  
Income from continuing operations for diluted earnings per share
     61,593       49,299  
Income (loss) from discontinued operations for diluted earnings
                
   per share
     --       4,689  
Net income available to common shareholders
   $ 61,593     $ 53,988  
                 
Weighted average common shares
     98,631       92,467  
                 
Diluted EPS:
                
Income from continuing operations available to common shareholders
   $ 0.62     $ 0.53  
Income (loss) from discontinued operations available to common
                
   shareholders
     --       0.05  
Net income available to common shareholders
   $ 0.62     $ 0.58  
Schedule Of Reconciliation Of Shares Used In Basic EPS Calculation To Shares Used In Diluted EPS Calculation
         
 
Three Months Ended
Nine Months Ended
 
September 30,
September 30,
 
2011
2010
2011
2010
Basic EPS shares
87,019
79,304
85,649
79,161
Add:   Operating Partnership – common units
12,799
13,073
12,864
13,196
Stock options
15
32
30
47
Restricted Stock Awards
84
55
88
63
Diluted EPS Shares
99,917
92,464
98,631
92,467