XML 16 R25.htm IDEA: XBRL DOCUMENT v2.4.0.6
Earnings Per Common Share (Tables)
 6 Months Ended
Jun. 30, 2012
Earnings Per Common Share  
Schedule of reconciliation of numerator and denominator of earnings per share calculations

 

 

 

 

Three Months Ended
June 30,

 

Six Months Ended
June 30,

 

 

 

2012

 

2011

 

2012

 

2011

 

Numerator for basic and diluted earnings per share:

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

3,496

 

$

4,084

 

$

6,689

 

$

6,614

 

Less net income attributable to noncontrolling interests

 

(4

)

—

 

(7

)

—

 

Less earnings allocated to unvested shares

 

—

 

—

 

(270

)

(230

)

Income from continuing operations available for common stockholders

 

3,492

 

4,084

 

6,412

 

6,384

 

Discontinued operations

 

2,258

 

1,058

 

2,290

 

1,260

 

Net income available for common stockholders, basic and diluted

 

$

5,750

 

$

5,142

 

$

8,702

 

$

7,644

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic earnings per share

 

 

 

 

 

 

 

 

 

- weighted average common shares

 

14,378

 

14,078

 

14,333

 

13,419

 

- weighted average unvested restricted stock shares (a)

 

409

 

348

 

—

 

—

 

 

 

14,787

 

14,426

 

14,333

 

13,419

 

Effect of diluted securities

 

 

 

 

 

 

 

 

 

- restricted stock units awarded under Pay-for-Performance program

 

100

 

100

 

100

 

50

 

Denominator for diluted earnings per share

 

 

 

 

 

 

 

 

 

- weighted average shares

 

14,887

 

14,526

 

14,433

 

13,469

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share, basic

 

$

.39

 

$

.36

 

$

.61

 

$

.57

 

Earnings per common share, diluted

 

$

.39

 

$

.35

 

$

.60

 

$

.57

 

 

 

 

 

 

 

 

 

 

 

Amounts attributable to One Liberty Properties, Inc. common stockholders, net of noncontrolling interests:

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

3,492

 

$

4,084

 

$

6,682

 

$

6,614

 

Income from discontinued operations

 

2,258

 

1,058

 

2,290

 

1,260

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

5,750

 

$

5,142

 

$

8,972

 

$

7,874

 

 

(a)          The three months ended June 30, 2012 and 2011 include unvested restricted stock since the earnings are in excess of the distributions for such periods.