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Earnings Per Share (EPS) | 12 Months Ended
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Dec. 31, 2011
Earnings Per Share (EPS) [Abstract] |
Earnings Per Share ("EPS") | 9. Earnings Per Share (“EPS”) The computation of basic and diluted EPS is presented below:
|  | Year Ended December 31, 2011 |  |  | Year Ended December 31, 2010 |  |  | Year Ended December 31, 2009 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Loss from Continuing Operations |  | $ | (32,201 | ) |  | $ | (155,699 | ) |  | $ | (20,327 | )
Gain on Sale of Real Estate, Net of Income Tax Provision |  |  | 918 |  |  |  | 517 |  |  |  | 231 |
Noncontrolling Interest Allocable to Continuing Operations |  |  | 3,097 |  |  |  | 13,623 |  |  |  | 4,019 |
Loss from Continuing Operations Attributable to First Industrial Realty Trust, Inc. |  |  | (28,186 | ) |  |  | (141,559 | ) |  |  | (16,077 | )
Preferred Stock Dividends |  |  | (19,565 | ) |  |  | (19,677 | ) |  |  | (19,516 | )
Loss from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders |  | $ | (47,751 | ) |  | $ | (161,236 | ) |  | $ | (35,593 | )
Income (Loss) from Discontinued Operations, Net of Income Tax Provision |  | $ | 22,093 |  |  | $ | (66,437 | ) |  | $ | 24,282 |
Noncontrolling Interest Allocable to Discontinued Operations |  |  | (1,352 | ) |  |  | 5,175 |  |  |  | (2,472 | )
Income (Loss) from Discontinued Operations Attributable to First Industrial Realty Trust, Inc. |  | $ | 20,741 |  |  | $ | (61,262 | ) |  | $ | 21,810 |
Net Loss Available to First Industrial Realty Trust, Inc.’s Common Stockholders |  | $ | (27,010 | ) |  | $ | (222,498 | ) |  | $ | (13,783 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted Average Shares—Basic and Diluted |  |  | 80,616,000 |  |  |  | 62,952,565 |  |  |  | 48,695,317 |
Basic and Diluted EPS: |  |  |  |  |  |  |  |  |  |  |  |
Loss from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders |  | $ | (0.59 | ) |  | $ | (2.56 | ) |  | $ | (0.73 | )
Income (Loss) from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.’s Common Stockholders |  | $ | 0.26 |  |  | $ | (0.97 | ) |  | $ | 0.45 |
Net Loss Available to First Industrial Realty Trust, Inc.’s Common Stockholders |  | $ | (0.34 | ) |  | $ | (3.53 | ) |  | $ | (0.28 | )
Participating securities include 673,381, 662,092 and 355,645 of unvested restricted stock awards outstanding at December 31, 2011, 2010 and 2009 respectively, which participate in non-forfeitable dividends of the Company. Participating security holders are not obligated to share in losses, therefore, none of the net loss attributable to First Industrial Realty Trust, Inc. was allocated to participating securities for the years ended December 31, 2011, 2010 and 2009. The number of weighted average shares—diluted is the same as the number of weighted average shares—basic for the years ended December 31, 2011, 2010 and 2009 as the effect of stock options and restricted unit awards (that do not participate in non-forfeitable dividends of the Company) was excluded as its inclusion would have been antidilutive to the loss from continuing operations available to First Industrial Realty Trust, Inc.’s common stockholders. The following awards were anti-dilutive and could be dilutive in future periods:
|  | Number of Awards Outstanding At December 31, 2011 |  |  | Number of Awards Outstanding At December 31, 2010 |  |  | Number of Awards Outstanding At December 31, 2009 |
Non-Participating Securities: |  |  |  |  |  |  |  |  |  |  |  |
Restricted Unit Awards |  |  | 731,900 |  |  |  | 1,012,800 |  |  |  | 1,218,800 |
Options |  |  | 25,201 |  |  |  | 98,701 |  |  |  | 139,700 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1252-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=6945512&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
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