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Earnings Per Share ("EPS") | 9 Months Ended
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Sep. 30, 2013
Earnings Per Share [Abstract] |
Earnings Per Share ("EPS") | 9. Earnings Per Share ("EPS") The computation of basic and diluted EPS is presented below:
| Three Months Ended September 30, 2013 |  | Three Months Ended September 30, 2012 |  | Nine Months Ended September 30, 2013 |  | Nine Months Ended September 30, 2012
Numerator: |  |  |  |  |  |  |
Income (Loss) from Continuing Operations | $ | 3,013 |  |  | $ | 33 |  |  | $ | 2,071 |  |  | $ | (17,634 | )
Gain on Sale of Real Estate | 291 |  |  | 3,777 |  |  | 553 |  |  | 3,777 |
Noncontrolling Interest Allocable to Continuing Operations | 1 |  |  | (9 | ) |  | 444 |  |  | 1,505 |
Income (Loss) from Continuing Operations Attributable to First Industrial Realty Trust, Inc. | 3,305 |  |  | 3,801 |  |  | 3,068 |  |  | (12,352 | )
Preferred Stock Dividends | (1,392 | ) |  | (4,725 | ) |  | (7,506 | ) |  | (14,285 | )
Redemption of Preferred Stock | (2,121 | ) |  | — |  |  | (5,667 | ) |  | — |
Loss from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders | $ | (208 | ) |  | $ | (924 | ) |  | $ | (10,105 | ) |  | $ | (26,637 | )
Income from Discontinued Operations | $ | 5,459 |  |  | $ | 5,386 |  |  | $ | 16,378 |  |  | $ | 13,742 |
Noncontrolling Interest Allocable to Discontinued Operations | (220 | ) |  | (268 | ) |  | (688 | ) |  | (737 | )
Income from Discontinued Operations Allocable to Participating Securities | (42 | ) |  | (33 | ) |  | (120 | ) |  | — |
Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc. | $ | 5,197 |  |  | $ | 5,085 |  |  | $ | 15,570 |  |  | $ | 13,005 |
Net Income (Loss) Available to First Industrial Realty Trust, Inc.'s Common Stockholders and Participating Securities | $ | 5,031 |  |  | $ | 4,194 |  |  | $ | 5,585 |  |  | $ | (13,632 | )
Net Income Allocable to Participating Securities | (42 | ) |  | (33 | ) |  | (120 | ) |  | — |
Net Income (Loss) Available to First Industrial Realty Trust, Inc.’s Common Stockholders | $ | 4,989 |  |  | $ | 4,161 |  |  | $ | 5,465 |  |  | $ | (13,632 | )
Denominator: |  |  |  |  |  |  |
Weighted Average Shares—Basic and Diluted | 109,474 |  |  | 93,488 |  |  | 106,154 |  |  | 89,363 |
Basic and Diluted EPS: |  |  |  |  |  |  |
Loss from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders | $ | 0.00 |  |  | $ | (0.01 | ) |  | $ | (0.10 | ) |  | $ | (0.30 | )
Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.’s Common Stockholders | $ | 0.05 |  |  | $ | 0.05 |  |  | $ | 0.15 |  |  | $ | 0.15 |
Net Income (Loss) Available to First Industrial Realty Trust, Inc.’s Common Stockholders | $ | 0.05 |  |  | $ | 0.04 |  |  | $ | 0.05 |  |  | $ | (0.15 | )
Participating securities include 489,381 and 745,712 of unvested restricted stock awards outstanding at September 30, 2013 and 2012, respectively, which participate in non-forfeitable dividends of the Company. Under the two class method, participating security holders are allocated income, in proportion to total weighted average shares outstanding, based upon the greater of net income (after reduction for preferred dividends and redemption of preferred stock) or common dividends declared. Since participating security holders are not obligated to share in losses and no common dividends were declared during the nine months ended September 30, 2012, there was no allocation of income to participating security holders for the nine months ended September 30, 2012. The number of weighted average shares—diluted is the same as the number of weighted average shares—basic for the three and nine months ended September 30, 2013 and 2012, as the effect of LTIP Unit Awards (which 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 could be dilutive in future periods:
| Number of Awards Outstanding At September 30, 2013 |  | Number of Awards Outstanding At September 30, 2012
Non-Participating Securities: |  |  |
Restricted Stock Unit Awards | 273,400 |  |  | 713,550 |
LTIP Unit Awards | 718,960 |  |  | — |

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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 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: 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 3: 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 Reference 4: 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=7655603&loc=d3e1252-109256 Reference 5: 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=16381557&loc=d3e4984-109258 Reference 6: 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=7655603&loc=d3e1278-109256 + Details
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