XML 51 R15.htm IDEA: XBRL DOCUMENT
v3.2.0.727

Earnings Per Share (EPS) | 6 Months Ended
--- | ---
Jun. 30, 2015
Earnings Per Share [Abstract] |
Earnings Per Share (EPS) | 8. Earnings Per Share ("EPS") The computation of basic and diluted EPS is presented below:
| Three Months Ended June 30, 2015 |  | Three Months Ended June 30, 2014 |  | Six Months Ended June 30, 2015 |  | Six Months Ended June 30, 2014
Numerator: |  |  |  |  |  |  |
Income from Continuing Operations | $ | 14,568 |  |  | $ | 3,152 |  |  | $ | 17,034 |  |  | $ | 7,078 |
Noncontrolling Interest Allocable to Continuing Operations | (556 | ) |  | (124 | ) |  | (649 | ) |  | (182 | )
Income from Continuing Operations Allocable to Participating Securities | (50 | ) |  | (32 | ) |  | (91 | ) |  | (50 | )
Income from Continuing Operations Attributable to First Industrial Realty Trust, Inc. | 13,962 |  |  | 2,996 |  |  | 16,294 |  |  | 6,846 |
Preferred Dividends | — |  |  | — |  |  | — |  |  | (1,019 | )
Redemption of Preferred Stock | — |  |  | — |  |  | — |  |  | (1,462 | )
Income from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders | $ | 13,962 |  |  | $ | 2,996 |  |  | $ | 16,294 |  |  | $ | 4,365 |
Income from Discontinued Operations | $ | — |  |  | $ | 1,052 |  |  | $ | — |  |  | $ | 2,193 |
Noncontrolling Interest Allocable to Discontinued Operations | — |  |  | (41 | ) |  | — |  |  | (87 | )
Income from Discontinued Operations Allocable to Participating Securities | — |  |  | (11 | ) |  | — |  |  | (25 | )
Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc. | $ | — |  |  | $ | 1,000 |  |  | $ | — |  |  | $ | 2,081 |
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders and Participating Securities | $ | 14,012 |  |  | $ | 4,039 |  |  | $ | 16,385 |  |  | $ | 6,521 |
Net Income Allocable to Participating Securities | (50 | ) |  | (43 | ) |  | (91 | ) |  | (75 | )
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders | $ | 13,962 |  |  | $ | 3,996 |  |  | $ | 16,294 |  |  | $ | 6,446 |
Denominator (In Thousands): |  |  |  |  |  |  |
Weighted Average Shares - Basic | 110,348 |  |  | 109,815 |  |  | 110,329 |  |  | 109,746 |
Effect of Dilutive Securities: |  |  |  |  |  |  |
LTIP performance units | 335 |  |  | 589 |  |  | 350 |  |  | 564 |
Weighted Average Shares - Diluted | 110,683 |  |  | 110,404 |  |  | 110,679 |  |  | 110,310 |
Basic and Diluted EPS: |  |  |  |  |  |  |
Income from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders | $ | 0.13 |  |  | $ | 0.03 |  |  | $ | 0.15 |  |  | $ | 0.04 |
Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.’s Common Stockholders | $ | — |  |  | $ | 0.01 |  |  | $ | — |  |  | $ | 0.02 |
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders | $ | 0.13 |  |  | $ | 0.04 |  |  | $ | 0.15 |  |  | $ | 0.06 |
Participating securities include 388,866 and 465,737 of unvested restricted stock awards outstanding at June 30, 2015 and 2014, 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.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 2: 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 3: 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 4: 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=32703322&loc=d3e4984-109258 Reference 5: 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=26872669&loc=d3e20235-122688 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration