Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2014

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):

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
Numerator for basic and diluted earnings per share:

Income from continuing operations	$	4,662		$	7,607		$	7,949		$	10,920
Less: net income attributable to non-controlling interests	(22		)	(16		)	(49		)	(15		)
Less: earnings allocated to unvested shares	(178		)	—			(356		)	—
Income from continuing operations available for common stockholders	4,462			7,591			7,544			10,905
Discontinued operations	—			145			13			281
Net income available for common stockholders, basic and diluted	$	4,462		$	7,736		$	7,557		$	11,186

Denominator for basic earnings per share:
- weighted average common shares	15,518			14,844			15,436			14,759
- weighted average unvested restricted stock shares	—			470			—			477
	15,518			15,314			15,436			15,236
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	15,618			15,414			15,536			15,336

Earnings per common share, basic	$	.29		$	.51		$	.49		$	.73
Earnings per common share, diluted	$	.29		$	.50		$	.49		$	.73

Net Income attributable to One Liberty Properties, Inc. common stockholders, net of non-controlling interests:
Income from continuing operations	$	4,640		$	7,591		$	7,900		$	10,905
Income from discontinued operations	—			145			13			281

Net income attributable to One Liberty Properties, Inc.	$	4,640		$	7,736		$	7,913		$	11,186