XML 28 R15.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Earnings Per Share / Unit (EPS / EPU) | 6 Months Ended
--- | ---
Jun. 30, 2016
Earnings Per Share [Abstract] |
Earnings Per Share / Unit (EPS / EPU) | Earnings Per Share and Earnings Per Unit ("EPS"/"EPU") The computation of basic and diluted EPS of the Company is presented below:
| Three Months Ended June 30, 2016 |  | Three Months Ended June 30, 2015 |  | Six Months Ended June 30, 2016 |  | Six Months Ended June 30, 2015
Numerator: |  |  |  |  |  |  |
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders and Participating Securities | $ | 50,229 |  |  | $ | 14,012 |  |  | $ | 65,917 |  |  | $ | 16,385 |
Net Income Allocable to Participating Securities | (180 | ) |  | (50 | ) |  | (217 | ) |  | (91 | )
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders | $ | 50,049 |  |  | $ | 13,962 |  |  | $ | 65,700 |  |  | $ | 16,294 |
Denominator (In Thousands): |  |  |  |  |  |  |
Weighted Average Shares - Basic | 116,191 |  |  | 110,348 |  |  | 113,492 |  |  | 110,329 |
Effect of Dilutive Securities: |  |  |  |  |  |  |
LTIP Unit Awards (As Defined in Note 9) | 367 |  |  | 335 |  |  | 279 |  |  | 350 |
Weighted Average Shares - Diluted | 116,558 |  |  | 110,683 |  |  | 113,771 |  |  | 110,679 |
Basic and Diluted EPS: |  |  |  |  |  |  |
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders | $ | 0.43 |  |  | $ | 0.13 |  |  | $ | 0.58 |  |  | $ | 0.15 |
The computation of basic and diluted EPU of the Operating Partnership is presented below:
| Three Months Ended June 30, 2016 |  | Three Months Ended June 30, 2015 |  | Six Months Ended June 30, 2016 |  | Six Months Ended June 30, 2015
Numerator: |  |  |  |  |  |  |
Net Income Available to Unitholders and Participating Securities | $ | 52,048 |  |  | $ | 14,644 |  |  | $ | 68,329 |  |  | $ | 17,101 |
Net Income Allocable to Participating Securities | (180 | ) |  | (50 | ) |  | (217 | ) |  | (91 | )
Net Income Available to Unitholders | $ | 51,868 |  |  | $ | 14,594 |  |  | $ | 68,112 |  |  | $ | 17,010 |
Denominator (In Thousands): |  |  |  |  |  |  |
Weighted Average Units - Basic | 120,486 |  |  | 114,712 |  |  | 117,791 |  |  | 114,697 |
Effect of Dilutive Securities that Result in the Issuance of General Partner Units: |  |  |  |  |  |  |
LTIP Unit Awards (As Defined in Note 9) | 367 |  |  | 335 |  |  | 279 |  |  | 350 |
Weighted Average Units - Diluted | 120,853 |  |  | 115,047 |  |  | 118,070 |  |  | 115,047 |
Basic and Diluted EPU: |  |  |  |  |  |  |
Net Income Available to Unitholders | $ | 0.43 |  |  | $ | 0.13 |  |  | $ | 0.58 |  |  | $ | 0.15 |
Participating securities include 418,366 and 388,866 of unvested restricted stock or restricted Unit awards outstanding at June 30, 2016 and 2015, respectively, which participate in non-forfeitable distributions. Under the two class method, participating security holders are allocated income, in proportion to total weighted average shares or Units outstanding, based upon the greater of net income or common stock dividends or Unit distributions 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