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Earnings Per Share / Unit (EPS / EPU) | 3 Months Ended
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Mar. 31, 2020
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 March 31, 2020 |  | Three Months Ended March 31, 2019
Numerator: |  |  |
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders and Participating Securities | $ | 40,634 |  |  | $ | 23,803 |
Net Income Allocable to Participating Securities | (59 | ) |  | (60 | )
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders | $ | 40,575 |  |  | $ | 23,743 |
Denominator (In Thousands): |  |  |
Weighted Average Shares - Basic | 126,934 |  |  | 126,194 |
Effect of Dilutive Securities: |  |  |
Performance Units (See Note 9) | 177 |  |  | 262 |
Weighted Average Shares - Diluted | 127,111 |  |  | 126,456 |
Basic and Diluted EPS: |  |  |
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders | $ | 0.32 |  |  | $ | 0.19 |
The computation of basic and diluted EPU of the Operating Partnership is presented below:
| Three Months Ended March 31, 2020 |  | Three Months Ended March 31, 2019
Numerator: |  |  |
Net Income Available to Unitholders and Participating Securities | $ | 41,479 |  |  | $ | 24,314 |
Net Income Allocable to Participating Securities | (123 | ) |  | (76 | )
Net Income Available to Unitholders | $ | 41,356 |  |  | $ | 24,238 |
Denominator (In Thousands): |  |  |
Weighted Average Units - Basic | 129,070 |  |  | 128,818 |
Effect of Dilutive Securities: |  |  |
Performance Units and certain Performance RLP Units (See Note 6) | 330 |  |  | 360 |
Weighted Average Units - Diluted | 129,400 |  |  | 129,178 |
Basic and Diluted EPU: |  |  |
Net Income Available to Unitholders | $ | 0.32 |  |  | $ | 0.19 |
At March 31, 2020 and 2019, participating securities for the Company include 210,886 and 287,273, respectively, of Service Awards (see Note 9), which participate in non-forfeitable distributions. At March 31, 2020 and 2019, participating securities for the Operating Partnership include 445,735 and 407,457, respectively, of Service Awards and certain Performance Awards (See Note 9), 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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