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Earnings Per Common Share (Tables)
 3 Months Ended
Mar. 31, 2013
Earnings Per Common Share  
Schedule of reconciliation of numerator and denominator of earnings per share calculations

 

 

 

 

Three Months Ended
March 31,

 

 

 

2013

 

2012

 

Numerator for basic and diluted earnings per share:

 

 

 

 

 

Income from continuing operations

 

$

3,449

 

$

2,962

 

Plus net loss (income) attributable to noncontrolling interests

 

1

 

(3

)

Less earnings allocated to unvested shares

 

(165

)

(135

)

Income from continuing operations available for common stockholders

 

3,285

 

2,824

 

Discontinued operations

 

—

 

264

 

Net income available for common stockholders, basic and diluted

 

$

3,285

 

$

3,088

 

 

 

 

 

 

 

Denominator for basic earnings per share:

 

 

 

 

 

 - weighted average common shares

 

14,672

 

14,289

 

 - weighted average unvested restricted stock shares

 

—

 

—

 

 

 

14,672

 

14,289

 

Effect of diluted securities:

 

 

 

 

 

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

 

100

 

100

 

 

 

 

 

 

 

Denominator for diluted earnings per share

 

 

 

 

 

 - weighted average shares

 

14,772

 

14,389

 

 

 

 

 

 

 

Earnings per common share, basic

 

$

.22

 

$

.22

 

Earnings per common share, diluted

 

$

.22

 

$

.21

 

 

 

 

 

 

 

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

 

 

 

 

 

Income from continuing operations

 

$

3,450

 

$

2,959

 

Income from discontinued operations

 

—

 

264

 

 

 

 

 

 

 

Net income attributable to One Liberty Properties, Inc.

 

$

3,450

 

$

3,223