Quarterly report pursuant to Section 13 or 15(d)

Summary Of Significant Accounting Policies (Tables)

v3.19.3
Summary Of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2019
Summary Of Significant Accounting Policies [Abstract]  
Reconciliation of Cash, Cash Equivalents and Restricted Cash

December 31,

2018

2017

Consolidated balance sheets

Cash and cash equivalents

$

37,379 

$

114,882 

Restricted cash included in

Land and building held for development

1,088 

1,088 

Consolidated statements of cash flows

$

38,467 

$

115,970 

September 30,

2019

2018

Consolidated balance sheets

Cash and cash equivalents

$

6,749 

$

8,687 

Restricted cash included in

Land and building held for development

1,088 

1,088 

Consolidated statements of cash flows

$

7,837 

$

9,775 

Calculation Of Earnings Per Share

For The Three Months

For The Nine Months

Ended September 30,

Ended September 30,

2019

2018

2019

2018

Calculation of net income allocable to common shareholders

Net income

$

46,510 

$

44,843 

$

142,458 

$

218,727 

Net (income) loss allocated to

Preferred shareholders based upon distributions

(12,959)

(12,959)

(38,877)

(38,921)

Noncontrolling interests—joint venture

(14)

189 

(27)

1,008 

Restricted stock unit holders

(219)

(239)

(699)

(1,592)

Net income allocable to common shareholders

and noncontrolling interests—common units

33,318 

31,834 

102,855 

179,222 

Net income allocation to noncontrolling interests—

common units

(7,006)

(6,703)

(21,643)

(37,822)

Net income allocable to common shareholders

$

26,312 

$

25,131 

$

81,212 

$

141,400 

Calculation of common partnership units as a percentage of common share equivalents

Weighted average common shares outstanding

27,432 

27,339 

27,411 

27,310 

Weighted average common partnership units outstanding

7,305 

7,305 

7,305 

7,305 

Total common share equivalents

34,737 

34,644 

34,716 

34,615 

Common partnership units as a percentage of common

share equivalents

21.0%

21.1%

21.0%

21.1%

Weighted average common shares outstanding

Basic weighted average common shares outstanding

27,432 

27,339 

27,411 

27,310 

Net effect of dilutive stock compensation—based on

treasury stock method using average market price

111 

103 

101 

102 

Diluted weighted average common shares outstanding

27,543 

27,442 

27,512 

27,412