Annual report pursuant to Section 13 and 15(d)

Earnings Per Share (EPS) (Tables)

v2.4.0.6
Earnings Per Share (EPS) (Tables)
12 Months Ended
Dec. 31, 2011
Earnings Per Share ("EPS")  
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  
               
Schedule of securities excluded from computation of diluted earnings per share

 

 

 
  Weighted Average Shares
Excluded from
Denominator for the
Years Ended
December 31,
 
 
  2011   2010   2009  

Conversion of common units

    4,355     4,608     5,717  

Conversion of convertible preferred units

    176     176     176  

Conversion of convertible preferred shares

    434     434     434