Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share ("EPS") (Tables)

v2.4.0.6
Earnings Per Share ("EPS") (Tables)
 3 Months Ended
Mar. 31, 2013
Earnings Per Share [Abstract]  
Summary of calculation of numerator and denominator in basic and diluted earning per share
Summaries of the numerator and denominator for purposes of basic and diluted EPS calculations are set forth below (in thousands, except per share data):
 
For the Three Months Ended March 31,
 
2013
 
2012
Numerator:
 
 
 
Income from continuing operations
$
9,137

 
$
12,685

Gain on sales of real estate, net
2,354

 
—

Preferred share dividends
(6,106
)
 
(4,025
)
Income from continuing operations attributable to noncontrolling interests
(54
)
 
(97
)
Income from continuing operations attributable to restricted shares
(118
)
 
(141
)
Numerator for basic and diluted EPS from continuing operations attributable to COPT common shareholders
$
5,213

 
$
8,422

Discontinued operations
3,786

 
(2,450
)
Discontinued operations attributable to noncontrolling interests
(203
)
 
157

Numerator for basic and diluted EPS on net income attributable to COPT common shareholders
$
8,796

 
$
6,129

Denominator (all weighted averages):
 
 
 
Denominator for basic EPS (common shares)
81,397

 
71,458

Dilutive effect of share-based compensation awards
52

 
44

Denominator for basic and diluted EPS
81,449

 
71,502

Basic EPS:
 
 
 
Income from continuing operations attributable to COPT common shareholders
$
0.06

 
$
0.12

Discontinued operations attributable to COPT common shareholders
0.05

 
(0.03
)
Net income attributable to COPT common shareholders
$
0.11

 
$
0.09

Diluted EPS:
 
 
 
Income from continuing operations attributable to COPT common shareholders
$
0.06

 
$
0.12

Discontinued operations attributable to COPT common shareholders
0.05

 
(0.03
)
Net income attributable to COPT common shareholders
$
0.11

 
$
0.09

Schedule of securities excluded from computation of diluted earnings per share
Our diluted EPS computations do not include the effects of the following securities since the conversions of such securities would increase diluted EPS for the respective periods (in thousands):
 
Weighted Average Shares Excluded from Denominator
 
For the Three Months Ended March 31,
 
2013
 
2012
Conversion of common units
3,893

 
4,281

Conversion of convertible preferred units
176

 
176

Conversion of convertible preferred shares
434

 
434