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Earnings Per Common Share (Tables) | 9 Months Ended
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Sep. 30, 2012
Earnings Per Common Share |
Schedule of reconciliation of numerator and denominator of earnings per share calculations |
The following table provides a reconciliation of the numerator and denominator of earnings per share calculations (dollars in thousands, except per share calculations):
|  | Three Months Ended September 30, |  | Nine Months Ended September 30, |
|  | 2012 |  | 2011 |  | 2012 |  | 2011 |
Numerator for basic and diluted earnings per share: |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 3,106 |  | $ | 2,643 |  | $ | 9,543 |  | $ | 9,061 |
Less net income attributable to noncontrolling interests |  | (6 | ) | — |  | (13 | ) | — |
Less earnings allocated to unvested shares |  | — |  | (115 | ) | — |  | (345 | )
Income from continuing operations available for common stockholders |  | 3,100 |  | 2,528 |  | 9,530 |  | 8,716 |
Discontinued operations |  | 15,314 |  | 122 |  | 17,856 |  | 1,578 |
Net income available for common stockholders, basic and diluted |  | $ | 18,414 |  | $ | 2,650 |  | $ | 27,386 |  | $ | 10,294 |
Denominator for basic earnings per share |  |  |  |  |  |  |  |  |
- weighted average common shares |  | 14,443 |  | 14,143 |  | 14,370 |  | 13,663 |
- weighted average unvested restricted stock shares (a) |  | 408 |  | — |  | 412 |  | — |
|  | 14,851 |  | 14,143 |  | 14,782 |  | 13,663 |
Effect of diluted securities |  |  |  |  |  |  |  |  |
- restricted stock units awarded under Pay-for-Performance program |  | 100 |  | — |  | 100 |  | — |
Denominator for diluted earnings per share |  |  |  |  |  |  |  |  |
- weighted average shares |  | 14,951 |  | 14,143 |  | 14,882 |  | 13,663 |
Earnings per common share, basic |  | $ | 1.24 |  | $ | .19 |  | $ | 1.85 |  | $ | .75 |
Earnings per common share, diluted |  | $ | 1.23 |  | $ | .19 |  | $ | 1.84 |  | $ | .75 |
Amounts attributable to One Liberty Properties, Inc. common stockholders, net of noncontrolling interests: |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 3,100 |  | $ | 2,643 |  | $ | 9,530 |  | $ | 9,061 |
Income from discontinued operations |  | 15,314 |  | 122 |  | 17,856 |  | 1,578 |
Net income |  | $ | 18,414 |  | $ | 2,765 |  | $ | 27,386 |  | $ | 10,639 |
(a) The three and nine months ended September 30, 2012 include unvested restricted stock since the earnings are in excess of the distributions for such periods.

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- Definition Tabular disclosure of the numerators and the denominators of the basic and diluted per-share (or per-unit) computations for income from continuing and discontinued operations, including the effect that has been given to preferred dividends. + References No definition available. + Details
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