| Summary of calculation of numerator and denominator in basic and diluted earning per share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Years Ended December 31, |
|
|
|
2011 |
|
2010 |
|
2009 |
|
|
Numerator:
|
|
|
|
|
|
|
|
|
|
|
|
(Loss) income from continuing operations
|
|
$ |
(112,696 |
) |
$ |
36,620 |
|
$ |
54,566 |
|
|
Gain on sales of real estate, net
|
|
|
2,721 |
|
|
2,829 |
|
|
— |
|
|
Preferred share dividends
|
|
|
(16,102 |
) |
|
(16,102 |
) |
|
(16,102 |
) |
|
Loss (income) from continuing operations attributable to noncontrolling interests
|
|
|
5,703 |
|
|
(2,300 |
) |
|
(4,322 |
) |
|
Income from continuing operations attributable to restricted shares
|
|
|
(1,037 |
) |
|
(1,071 |
) |
|
(1,010 |
) |
| |
|
|
|
|
|
|
|
|
Numerator for basic and diluted EPS from continuing operations attributable to COPT common shareholders
|
|
$ |
(121,411 |
) |
$ |
19,976 |
|
$ |
33,132 |
|
|
Discontinued operations
|
|
|
(14,343 |
) |
|
6,055 |
|
|
6,733 |
|
|
Discontinued operations attributable to noncontrolling interests
|
|
|
940 |
|
|
(444 |
) |
|
(648 |
) |
| |
|
|
|
|
|
|
|
|
Numerator for basic and diluted EPS on net (loss) income attributable to COPT common shareholders
|
|
$ |
(134,814 |
) |
$ |
25,587 |
|
$ |
39,217 |
|
| |
|
|
|
|
|
|
|
|
Denominator (all weighted averages):
|
|
|
|
|
|
|
|
|
|
|
|
Denominator for basic EPS (common shares)
|
|
|
69,382 |
|
|
59,611 |
|
|
55,930 |
|
|
Dilutive effect of share-based compensation awards
|
|
|
— |
|
|
333 |
|
|
477 |
|
| |
|
|
|
|
|
|
|
|
Denominator for diluted EPS
|
|
|
69,382 |
|
|
59,944 |
|
|
56,407 |
|
| |
|
|
|
|
|
|
|
|
Basic EPS:
|
|
|
|
|
|
|
|
|
|
|
|
(Loss) income from continuing operations attributable to COPT common shareholders
|
|
$ |
(1.75 |
) |
$ |
0.34 |
|
$ |
0.59 |
|
|
Discontinued operations attributable to COPT common shareholders
|
|
|
(0.19 |
) |
|
0.09 |
|
|
0.11 |
|
| |
|
|
|
|
|
|
|
|
Net (loss) income attributable to COPT common shareholders
|
|
$ |
(1.94 |
) |
$ |
0.43 |
|
$ |
0.70 |
|
| |
|
|
|
|
|
|
|
|
Diluted EPS:
|
|
|
|
|
|
|
|
|
|
|
|
(Loss) income from continuing operations attributable to COPT common shareholders
|
|
$ |
(1.75 |
) |
$ |
0.34 |
|
$ |
0.59 |
|
|
Discontinued operations attributable to COPT common shareholders
|
|
|
(0.19 |
) |
|
0.09 |
|
|
0.11 |
|
| |
|
|
|
|
|
|
|
|
Net (loss) income attributable to COPT common shareholders
|
|
$ |
(1.94 |
) |
$ |
0.43 |
|
$ |
0.70 |
|
| |
|
|
|
|
|
|
|
|
|