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SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2012
SIGNIFICANT ACCOUNTING POLICIES  
Schedule of sales proceeds and gross realized gains and losses on securities classified as available-for-sale

During 2012, 2011 and 2010, sales proceeds and gross realized gains and losses on securities classified as available-for-sale were (amounts in thousands):

 
   2012   2011   2010  

Sales proceeds

   $ 373   $ —   $ 6,345  

Gross realized losses

     —     —     —  

Gross realized gains—(a)

     9     —     149  
(a)
At December 31, 2011 the Company recorded an impairment charge of $126 on such securities.
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 (amounts in thousands, except per share amounts):

 
   Year Ended
December 31,		  
 
   2012   2011  

Numerator for basic and diluted earnings per share:

              

Income from continuing operations

   $ 11,856   $ 11,572  

Plus net loss attributable to noncontrolling interests

     12     4  

Less earnings allocated to unvested shares(a)

     —     (460 )
           

Income from continuing operations available for common stockholders

     11,868     11,116  

Discontinued operations

     20,452     2,148  
           

Net income available for common stockholders, basic and diluted

   $ 32,320   $ 13,264  
           

Denominator:

              

Denominator for basic earnings per share

              

—weighted average common shares

     14,427     13,801  

—weighted average unvested restricted stock shares(b)

     411     —  
           

 

     14,838     13,801  

Effect of diluted securities:

              

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

     100     50  
           

Denominator for diluted earnings per share

              

—weighted average shares

     14,938     13,851  
           

Earnings per common share, basic

   $ 2.18   $ .96  
           

Earnings per common share, diluted

   $ 2.16   $ .96  
           

Amounts attributable to

              

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

              

Income from continuing operations

   $ 11,868   $ 11,576  

Income from discontinued operations

     20,452     2,148  
           

Net income attributable to One Liberty Properties, Inc. 

   $ 32,320   $ 13,724  
           
(a)
Since distributions exceeded earnings in 2011, earnings are allocated to unvested restricted stock.

(b)
Since earnings exceeded distributions in 2012, the denominator for basic and diluted earnings per share includes unvested restricted stock.