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Earnings Per Share / Unit (EPS / EPU) | 12 Months Ended
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Dec. 31, 2019
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:
| Year Ended December 31, 2019 |  | Year Ended December 31, 2018 |  | Year Ended December 31, 2017
Numerator: |  |  |  |  |
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders and Participating Securities | $ | 238,775 |  |  | $ | 163,239 |  |  | $ | 201,456 |
Net Income Allocable to Participating Securities | (518 | ) |  | (513 | ) |  | (646 | )
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders | $ | 238,257 |  |  | $ | 162,726 |  |  | $ | 200,810 |
Denominator (In Thousands): |  |  |  |  |
Weighted Average Shares - Basic | 126,392 |  |  | 123,804 |  |  | 118,272 |
Effect of Dilutive Securities: |  |  |  |  |
Performance units (See Note 11) | 299 |  |  | 387 |  |  | 515 |
Weighted Average Shares - Diluted | 126,691 |  |  | 124,191 |  |  | 118,787 |
Basic EPS: |  |  |  |  |
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders | $ | 1.89 |  |  | $ | 1.31 |  |  | $ | 1.70 |
Diluted EPS: |  |  |  |  |
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders | $ | 1.88 |  |  | $ | 1.31 |  |  | $ | 1.69 |
The computation of basic and diluted EPU of the Operating Partnership is presented below:
| Year Ended December 31, 2019 |  | Year Ended December 31, 2018 |  | Year Ended December 31, 2017
Numerator: |  |  |  |  |
Net Income Available to Unitholders and Participating Securities | 243,628 |  |  | 167,246 |  |  | 208,158 |
Net Income Allocable to Participating Securities | (732 | ) |  | (513 | ) |  | (646 | )
Net Income Available to Unitholders | $ | 242,896 |  |  | $ | 166,733 |  |  | $ | 207,512 |
Denominator (In Thousands): |  |  |  |  |
Weighted Average Units - Basic | 128,831 |  |  | 126,921 |  |  | 122,306 |
Effect of Dilutive Securities that Result in the Issuance of General Partner Units: |  |  |  |  |
Performance units and certain Performance LTIP Units (See Note 11) | 410 |  |  | 387 |  |  | 515 |
Weighted Average Units - Diluted | 129,241 |  |  | 127,308 |  |  | 122,821 |
Basic EPS: |  |  |  |  |
Net Income Available to Unitholders | $ | 1.89 |  |  | $ | 1.31 |  |  | $ | 1.70 |
Diluted EPU: |  |  |  |  |
Net Income Available to Unitholders | $ | 1.88 |  |  | $ | 1.31 |  |  | $ | 1.69 |
Participating securities include 296,371, 405,436 and 408,248 of unvested restricted stock outstanding at December 31, 2019, 2018 and 2017, respectively, which participate in non-forfeitable distributions. At December 31, 2019, 2018, and 2017, participating securities for the Operating Partnership include 421,928, 405,436 and 408,248, respectively, of restricted Unit awards and certain Service LTIP Units (see Note 11), 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.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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