| Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] |
The following table sets forth a reconciliation of the numerators and denominators in computing the Company's earnings per share for the three and six months ended June 30, 2011 and 2010, respectively (in thousands, except per share amounts):
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Three Months Ended
June 30,
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Six Months Ended
June 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 from continuing operations attributable to the Company |
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$ |
9,422 |
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$ |
4,869 |
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$ |
18,820 |
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$ |
7,661 |
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Less applicable preferred share dividends |
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— |
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(1,407 |
) |
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— |
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(2,813 |
) |
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Less allocation of earnings to participating securities |
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(165 |
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(143 |
) |
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(357 |
) |
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(312 |
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Income from continuing operations available to common shareholders of the Company |
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9,257 |
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3,319 |
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18,463 |
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4,536 |
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Discontinued operations attributable to the Company |
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— |
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(1 |
) |
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— |
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— |
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Net income available to common shareholders of the Company |
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$ |
9,257 |
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$ |
3,318 |
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$ |
18,463 |
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$ |
4,536 |
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Denominator |
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Basic weighted average common shares |
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80,483 |
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80,206 |
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80,418 |
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80,133 |
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Effect of notional units |
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416 |
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— |
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416 |
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— |
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Effect of senior exchangeable notes |
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131 |
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51 |
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131 |
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51 |
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Effect of outstanding options |
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74 |
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86 |
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74 |
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98 |
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Diluted weighted average common shares |
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81,104 |
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80,343 |
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81,039 |
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80,282 |
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Basic earnings per common share: |
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Income from continuing operations |
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$ |
0.11 |
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$ |
0.04 |
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$ |
0.23 |
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$ |
0.06 |
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Discontinued operations |
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— |
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— |
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— |
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— |
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Net income |
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$ |
0.11 |
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$ |
0.04 |
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$ |
0.23 |
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$ |
0.06 |
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Diluted earnings per common share: |
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Income from continuing operations |
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$ |
0.11 |
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$ |
0.04 |
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$ |
0.23 |
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$ |
0.06 |
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Discontinued operations |
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— |
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— |
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— |
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— |
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Net income |
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$ |
0.11 |
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$ |
0.04 |
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$ |
0.23 |
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$ |
0.06 |
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