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Earnings Per Share / Unit (EPS / EPU) (Tables) | 12 Months Ended
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Dec. 31, 2015
Computation of Basic and Diluted Earnings Per Share / Unit | The computation of basic and diluted EPS of the Company is presented below:
| Year Ended December 31, 2015 |  | Year Ended December 31, 2014 |  | Year Ended December 31, 2013
Numerator: |  |  |  |  |
Income from Continuing Operations | $ | 76,705 |  |  | $ | 23,182 |  |  | $ | 4,862 |
Noncontrolling Interest Allocable to Continuing Operations | (2,903 | ) |  | (813 | ) |  | 396 |
Income from Continuing Operations Allocable to Participating Securities | (248 | ) |  | (75 | ) |  | — |
Income from Continuing Operations Attributable to First Industrial Realty Trust, Inc. | 73,554 |  |  | 22,294 |  |  | 5,258 |
Preferred Dividends | — |  |  | (1,019 | ) |  | (8,733 | )
Redemption of Preferred Stock | — |  |  | (1,462 | ) |  | (5,667 | )
Income (Loss) from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders | $ | 73,554 |  |  | $ | 19,813 |  |  | $ | (9,142 | )
Income from Discontinued Operations | $ | — |  |  | $ | 27,823 |  |  | $ | 36,566 |
Noncontrolling Interest Allocable to Discontinued Operations | — |  |  | (1,082 | ) |  | (1,517 | )
Income from Discontinued Operations Allocable to Participating Securities | — |  |  | (100 | ) |  | (162 | )
Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc. | $ | — |  |  | $ | 26,641 |  |  | $ | 34,887 |
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders and Participating Securities | $ | 73,802 |  |  | $ | 46,629 |  |  | $ | 25,907 |
Net Income Allocable to Participating Securities | (248 | ) |  | (175 | ) |  | (162 | )
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders | $ | 73,554 |  |  | $ | 46,454 |  |  | $ | 25,745 |
Denominator (In Thousands): |  |  |  |  |
Weighted Average Shares - Basic | 110,352 |  |  | 109,922 |  |  | 106,995 |
Effect of Dilutive Securities: |  |  |  |  |
LTIP Unit Awards | 429 |  |  | 403 |  |  | — |
Weighted Average Shares - Diluted | 110,781 |  |  | 110,325 |  |  | 106,995 |
Basic EPS: |  |  |  |  |
Income (Loss) from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders | $ | 0.67 |  |  | $ | 0.18 |  |  | $ | (0.09 | )
Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.’s Common Stockholders | $ | — |  |  | $ | 0.24 |  |  | $ | 0.33 |
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders | $ | 0.67 |  |  | $ | 0.42 |  |  | $ | 0.24 |
Diluted EPS: |  |  |  |  |
Income (Loss) from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders | $ | 0.66 |  |  | $ | 0.18 |  |  | $ | (0.09 | )
Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.’s Common Stockholders | $ | — |  |  | $ | 0.24 |  |  | $ | 0.33 |
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders | $ | 0.66 |  |  | $ | 0.42 |  |  | $ | 0.24 |
Non-Participating Securities | The following table discloses the number of non-participating securities outstanding for the year ended December 31, 2013 that were excluded from the computation of diluted EPS and EPU:
| Number of Awards Outstanding at December 31, 2013
Non-Participating Securities: |
Restricted Unit Awards | 73,400 |
LTIP Unit Awards | 718,960 |
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:
| Year Ended December 31, 2015 |  | Year Ended December 31, 2014 |  | Year Ended December 31, 2013
Numerator: |  |  |  |  |
Income from Continuing Operations | $ | 76,820 |  |  | $ | 23,434 |  |  | $ | 4,908 |
Noncontrolling Interest Allocable to Continuing Operations | (138 | ) |  | (62 | ) |  | (36 | )
Income from Continuing Operations Allocable to Participating Securities | (248 | ) |  | (75 | ) |  | — |
Income from Continuing Operations Attributable to Unitholders | 76,434 |  |  | 23,297 |  |  | 4,872 |
Preferred Unit Distributions | — |  |  | (1,019 | ) |  | (8,733 | )
Redemption of Preferred Units | — |  |  | (1,462 | ) |  | (5,667 | )
Income (Loss) from Continuing Operations Available to Unitholders | $ | 76,434 |  |  | $ | 20,816 |  |  | $ | (9,528 | )
Income from Discontinued Operations | $ | — |  |  | $ | 27,823 |  |  | $ | 36,566 |
Noncontrolling Interest Allocable to Discontinued Operations | — |  |  | (10 | ) |  | (5 | )
Income from Discontinued Operations Allocable to Participating Securities | — |  |  | (100 | ) |  | (162 | )
Income from Discontinued Operations Attributable to Unitholders | $ | — |  |  | $ | 27,713 |  |  | $ | 36,399 |
Net Income Available to Unitholders and Participating Securities | $ | 76,682 |  |  | $ | 48,704 |  |  | $ | 27,033 |
Net Income Allocable to Participating Securities | (248 | ) |  | (175 | ) |  | (162 | )
Net Income Available to Unitholders | $ | 76,434 |  |  | $ | 48,529 |  |  | $ | 26,871 |
Denominator (In Thousands): |  |  |  |  |
Weighted Average Units - Basic | 114,709 |  |  | 114,388 |  |  | 111,646 |
Effect of Dilutive Securities that Result in the Issuance of General Partner Units: |  |  |  |  |
LTIP Unit Awards | 429 |  |  | 403 |  |  | — |
Weighted Average Units - Diluted | 115,138 |  |  | 114,791 |  |  | 111,646 |
Basic EPU: |  |  |  |  |
Income (Loss) from Continuing Operations Available to Unitholders | $ | 0.67 |  |  | $ | 0.18 |  |  | $ | (0.09 | )
Income from Discontinued Operations Attributable to Unitholders | $ | — |  |  | $ | 0.24 |  |  | $ | 0.33 |
Net Income Available to Unitholders | $ | 0.67 |  |  | $ | 0.42 |  |  | $ | 0.24 |
Diluted EPU: |  |  |  |  |
Income (Loss) from Continuing Operations Available to Unitholders | $ | 0.66 |  |  | $ | 0.18 |  |  | $ | (0.09 | )
Income from Discontinued Operations Attributable to Unitholders | $ | — |  |  | $ | 0.24 |  |  | $ | 0.33 |
Net Income Available to Unitholders | $ | 0.66 |  |  | $ | 0.42 |  |  | $ | 0.24 |

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