| Summary of calculation of numerator and denominator in basic and diluted earning per share |
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For the Three Months
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For the Nine Months
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Ended September 30,
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Ended September 30,
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2011
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2010
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2011
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2010
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Numerator:
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Income (loss) from continuing operations
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$
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4,893
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$
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4,696
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$
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(27,700
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)
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$
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21,647
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Gain on sales of real estate, net
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2,477
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2,717
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2,829
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Preferred share dividends
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(4,025
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)
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(4,025
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)
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(12,076
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)
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(12,076
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)
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(Income) loss from continuing operations attributable to noncontrolling interests
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(755
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)
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33
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877
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(1,192
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)
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Income from continuing operations attributable to restricted shares
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(262
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)
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(267
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)
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(781
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)
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(807
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)
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Numerator for basic EPS from continuing operations attributable to COPT common shareholders
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(149
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)
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2,914
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(36,963
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)
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10,401
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Dilutive effect of common units in the Operating Partnership on diluted EPS from continuing operations
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(2,410
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)
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Numerator for diluted EPS from continuing operations attributable to COPT common shareholders
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$
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(149
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)
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$
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2,914
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$
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(39,373
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)
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$
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10,401
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Numerator for basic EPS from continuing operations attributable to COPT common shareholders
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$
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(149
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)
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$
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2,914
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$
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(36,963
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)
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$
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10,401
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Discontinued operations
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2,577
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1,753
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(12,120
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)
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4,276
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Discontinued operations attributable to noncontrolling interests
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(149
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)
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(127
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)
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778
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(324
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)
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Numerator for basic EPS on net income (loss) attributable to COPT common shareholders
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2,279
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4,540
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(48,305
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)
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14,353
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Dilutive effect of common units in the Operating Partnership
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(3,188
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)
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Numerator for diluted EPS on net income (loss) attributable to COPT common shareholders
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$
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2,279
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$
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4,540
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$
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(51,493
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)
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$
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14,353
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Denominator (all weighted averages):
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Denominator for basic EPS (common shares)
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71,312
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58,656
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68,718
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58,333
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Dilutive effect of share-based compensation awards
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296
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367
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Dilutive effect of common units
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4,371
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Denominator for diluted EPS
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71,312
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58,952
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73,089
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58,700
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Basic EPS:
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Income (loss) from continuing operations attributable to COPT common shareholders
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$
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$
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0.05
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$
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(0.54
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)
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$
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0.18
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Discontinued operations attributable to COPT common shareholders
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0.03
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0.03
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(0.16
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)
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0.07
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Net income (loss) attributable to COPT common shareholders
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$
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0.03
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$
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0.08
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$
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(0.70
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)
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$
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0.25
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Diluted EPS:
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Income (loss) from continuing operations attributable to COPT common shareholders
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$
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$
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0.05
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$
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(0.54
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)
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$
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0.17
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Discontinued operations attributable to COPT common shareholders
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0.03
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0.03
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(0.16
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)
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0.07
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Net income (loss) attributable to COPT common shareholders
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$
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0.03
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$
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0.08
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$
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(0.70
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)
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$
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0.24
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