| Schedule Of Stock Option Plans |
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Weighted
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Aggregate
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Average
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Intrinsic
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Shares
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Exercise
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Value
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Under Options
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Price
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$(000’s)
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Outstanding at January 1, 2016
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805,000
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$
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17.33
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$
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4,843
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Lapsed or Cancelled
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-
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-
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Outstanding at March 31, 2016 ($17.31 – $21.25)
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805,000
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$
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17.33
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$
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4,963
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Options exercisable at March 31, 2016
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5,000
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Available for grant at March 31, 2016
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2,722,338
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| Schedule Of Restricted Stock Awards |
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Weighted-Average
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Grant – Date
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Shares
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Fair Value
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Outstanding at January 1, 2016
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136,220
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$
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19.36
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Granted
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36,870
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21.70
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Vested
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(45,449)
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19.16
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Outstanding at March 31, 2016
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127,641
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$
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20.11
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| Schedule Of Basic And Diluted Earnings Per Share |
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Three Months Ended
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March 31,
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Computation of Basic EPS
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2016
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2015
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Net income (loss)
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$
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68,769
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$
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(3,325)
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Add: Noncontrolling interest in consolidated joint ventures
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706
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490
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Add (deduct): Noncontrolling interest in Operating Partnership
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(7,284)
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314
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Net income (loss) available to common shareholders
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$
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62,191
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$
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(2,521)
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Weighted average common shares
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89,721
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89,192
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Basic EPS:
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Net income (loss) available to common shareholders
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$
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0.69
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$
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(0.03)
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Three Months Ended
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March 31,
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Computation of Diluted EPS
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2016
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2015
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Net income (loss) available to common shareholders
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$
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62,191
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$
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(2,521)
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Add (deduct): Noncontrolling interest in Operating Partnership
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7,284
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(314)
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Net income (loss) for diluted earnings per share
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$
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69,475
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$
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(2,835)
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Weighted average common shares
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100,315
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100,266
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Diluted EPS:
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Net income (loss) available to common shareholders
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$
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0.69
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$
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(0.03)
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The following schedule reconciles the shares used in the basic EPS calculation to the shares used in the diluted EPS calculation: (in thousands)
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Three Months Ended
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March 31,
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2016
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2015
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Basic EPS shares
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89,721
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89,192
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Add: Operating Partnership – common units
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10,509
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11,074
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Restricted Stock Awards
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56
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-
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Stock Options
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29
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-
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Diluted EPS Shares
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100,315
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100,266
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