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Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2013
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 amounts):

 

 

 

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

 

 

 

2013

 

2012

 

2013

 

2012

 

 

 

 

 

 

 

 

 

 

 

Numerator for basic and diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

3,228

 

$

3,001

 

$

14,429

 

$

9,228

 

Less net income attributable to noncontrolling interests

 

(17

)

(6

)

(32

)

(13

)

Less earnings allocated to unvested shares

 

(165

)

 

(494

)

 

Income from continuing operations available for common stockholders

 

3,046

 

2,995

 

13,903

 

9,215

 

Discontinued operations

 

 

15,419

 

 

18,171

 

Net income available for common stockholders, basic and diluted

 

$

3,046

 

$

18,414

 

$

13,903

 

$

27,386

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic earnings per share:

 

 

 

 

 

 

 

 

 

- weighted average common shares

 

15,093

 

14,443

 

14,871

 

14,370

 

- weighted average unvested restricted stock shares

 

 

408

 

 

412

 

 

 

15,093

 

14,851

 

14,871

 

14,782

 

Effect of diluted securities:

 

 

 

 

 

 

 

 

 

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

 

100

 

100

 

100

 

100

 

Denominator for diluted earnings per share

 

 

 

 

 

 

 

 

 

- weighted average shares

 

15,193

 

14,951

 

14,971

 

14,882

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share, basic

 

$

.20

 

$

1.24

 

$

.93

 

$

1.85

 

Earnings per common share, diluted

 

$

.20

 

$

1.23

 

$

.93

 

$

1.84

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

3,211

 

$

2,995

 

$

14,397

 

$

9,215

 

Income from discontinued operations

 

 

15,419

 

 

18,171

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to One Liberty Properties, Inc.

 

$

3,211

 

$

18,414

 

$

14,397

 

$

27,386