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Earnings Per Share/Unit (EPS/EPU) (Tables) | 9 Months Ended
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Sep. 30, 2015
Computation of Basic and Diluted Earnings Per Share / Unit | The computation of basic and diluted EPS of the Company is presented below:
| Three Months Ended September 30, 2015 |  | Three Months Ended September 30, 2014 |  | Nine Months Ended September 30, 2015 |  | Nine Months Ended September 30, 2014
Numerator: |  |  |  |  |  |  |
Income from Continuing Operations | $ | 14,465 |  |  | $ | 8,263 |  |  | $ | 31,499 |  |  | $ | 15,341 |
Noncontrolling Interest Allocable to Continuing Operations | (548 | ) |  | (325 | ) |  | (1,197 | ) |  | (507 | )
Income from Continuing Operations Allocable to Participating Securities | (50 | ) |  | (33 | ) |  | (141 | ) |  | (55 | )
Income from Continuing Operations Attributable to First Industrial Realty Trust, Inc. | 13,867 |  |  | 7,905 |  |  | 30,161 |  |  | 14,779 |
Preferred Dividends | — |  |  | — |  |  | — |  |  | (1,019 | )
Redemption of Preferred Stock | — |  |  | — |  |  | — |  |  | (1,462 | )
Income from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders | $ | 13,867 |  |  | $ | 7,905 |  |  | $ | 30,161 |  |  | $ | 12,298 |
Income from Discontinued Operations | $ | — |  |  | $ | 13,932 |  |  | $ | — |  |  | $ | 16,125 |
Noncontrolling Interest Allocable to Discontinued Operations | — |  |  | (543 | ) |  | — |  |  | (630 | )
Income from Discontinued Operations Allocable to Participating Securities | — |  |  | (57 | ) |  | — |  |  | (68 | )
Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc. | $ | — |  |  | $ | 13,332 |  |  | $ | — |  |  | $ | 15,427 |
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders and Participating Securities | $ | 13,917 |  |  | $ | 21,327 |  |  | $ | 30,302 |  |  | $ | 27,848 |
Net Income Allocable to Participating Securities | (50 | ) |  | (90 | ) |  | (141 | ) |  | (123 | )
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders | $ | 13,867 |  |  | $ | 21,237 |  |  | $ | 30,161 |  |  | $ | 27,725 |
Denominator (In Thousands): |  |  |  |  |  |  |
Weighted Average Shares - Basic | 110,356 |  |  | 110,072 |  |  | 110,338 |  |  | 109,856 |
Effect of Dilutive Securities: |  |  |  |  |  |  |
LTIP performance units | 492 |  |  | 199 |  |  | 397 |  |  | 442 |
Weighted Average Shares - Diluted | 110,848 |  |  | 110,271 |  |  | 110,735 |  |  | 110,298 |
Basic EPS: |  |  |  |  |  |  |
Income from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders | $ | 0.13 |  |  | $ | 0.07 |  |  | $ | 0.27 |  |  | $ | 0.11 |
Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.’s Common Stockholders | $ | — |  |  | $ | 0.12 |  |  | $ | — |  |  | $ | 0.14 |
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders | $ | 0.13 |  |  | $ | 0.19 |  |  | $ | 0.27 |  |  | $ | 0.25 |
Diluted EPS: |  |  |  |  |  |  |
Income from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders | $ | 0.13 |  |  | $ | 0.07 |  |  | $ | 0.27 |  |  | $ | 0.11 |
Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.’s Common Stockholders | $ | — |  |  | $ | 0.12 |  |  | $ | — |  |  | $ | 0.14 |
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders | $ | 0.13 |  |  | $ | 0.19 |  |  | $ | 0.27 |  |  | $ | 0.25 |
First Industrial, L.P. |
Computation of Basic and Diluted Earnings Per Share / Unit | The computation of basic and diluted EPU of the Operating Partnership is presented below:
| Three Months Ended September 30, 2015 |  | (As Adjusted) Three Months Ended September 30, 2014 |  | (As Adjusted) Nine Months Ended September 30, 2015 |  | (As Adjusted) Nine Months Ended September 30, 2014
Numerator: |  |  |  |  |  |  |
Income from Continuing Operations | $ | 14,465 |  |  | $ | 8,307 |  |  | $ | 31,614 |  |  | $ | 15,448 |
Noncontrolling Interest Allocable to Continuing Operations | (27 | ) |  | (13 | ) |  | (75 | ) |  | (40 | )
Income from Continuing Operations Allocable to Participating Securities | (50 | ) |  | (33 | ) |  | (141 | ) |  | (55 | )
Income from Continuing Operations Attributable to Unitholders | 14,388 |  |  | 8,261 |  |  | 31,398 |  |  | 15,353 |
Preferred Unit Distributions | — |  |  | — |  |  | — |  |  | (1,019 | )
Redemption of Preferred Units | — |  |  | — |  |  | — |  |  | (1,462 | )
Income from Continuing Operations Available to Unitholders | $ | 14,388 |  |  | $ | 8,261 |  |  | $ | 31,398 |  |  | $ | 12,872 |
Income from Discontinued Operations | $ | — |  |  | $ | 13,932 |  |  | $ | — |  |  | $ | 16,125 |
Noncontrolling Interest Allocable to Discontinued Operations | — |  |  | (8 | ) |  | — |  |  | (10 | )
Income from Discontinued Operations Allocable to Participating Securities | — |  |  | (57 | ) |  | — |  |  | (68 | )
Income from Discontinued Operations Attributable to Unitholders | $ | — |  |  | $ | 13,867 |  |  | $ | — |  |  | $ | 16,047 |
Net Income Available to Unitholders and Participating Securities | $ | 14,438 |  |  | $ | 22,218 |  |  | $ | 31,539 |  |  | $ | 29,042 |
Net Income Allocable to Participating Securities | (50 | ) |  | (90 | ) |  | (141 | ) |  | (123 | )
Net Income Available to Unitholders | $ | 14,388 |  |  | $ | 22,128 |  |  | $ | 31,398 |  |  | $ | 28,919 |
Denominator (In Thousands): |  |  |  |  |  |  |
Weighted Average Units—Basic | 114,720 |  |  | 114,512 |  |  | 114,705 |  |  | 114,346 |
Effect of Dilutive Securities that Result in the Issuance of General Partner Units: |  |  |  |  |  |  |
LTIP performance units | 492 |  |  | 199 |  |  | 397 |  |  | 442 |
Weighted Average Units - Diluted | 115,212 |  |  | 114,711 |  |  | 115,102 |  |  | 114,788 |
Basic EPU: |  |  |  |  |  |  |
Income from Continuing Operations Available to Unitholders | $ | 0.13 |  |  | $ | 0.07 |  |  | $ | 0.27 |  |  | $ | 0.11 |
Income from Discontinued Operations Attributable to Unitholders | $ | — |  |  | $ | 0.12 |  |  | $ | — |  |  | $ | 0.14 |
Net Income Available to Unitholders | $ | 0.13 |  |  | $ | 0.19 |  |  | $ | 0.27 |  |  | $ | 0.25 |
Diluted EPU: |  |  |  |  |  |  |
Income from Continuing Operations Available to Unitholders | $ | 0.12 |  |  | $ | 0.07 |  |  | $ | 0.27 |  |  | $ | 0.11 |
Income from Discontinued Operations Attributable to Unitholders | $ | — |  |  | $ | 0.12 |  |  | $ | — |  |  | $ | 0.14 |
Net Income Available to Unitholders | $ | 0.12 |  |  | $ | 0.19 |  |  | $ | 0.27 |  |  | $ | 0.25 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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