Earnings Per Common Share (Tables)

9 Months Ended

Sep. 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 September 30,						Nine Months Ended September 30,
	2014			2013			2014			2013
Numerator for basic and diluted earnings per share:
Income from continuing operations	$	2,647		$	3,084		$	10,596		$	14,004
Less: net income attributable to non-controlling interests	(27		)	(17		)	(76		)	(32		)
Less: earnings allocated to unvested shares	(178		)	(165		)	(534		)	(494		)
Income from continuing operations available for common stockholders	2,442			2,902			9,986			13,478
Discontinued operations	—			144			13			425
Net income available for common stockholders, basic and diluted	$	2,442		$	3,046		$	9,999		$	13,903

Denominator for basic earnings per share:
- weighted average common shares	15,650			15,093			15,508			14,871
- weighted average unvested restricted stock shares	—			—			—			—
	15,650			15,093			15,508			14,871
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	15,750			15,193			15,608			14,971

Earnings per common share, basic	$	.16		$	.20		$	.64		$	.93
Earnings per common share, diluted	$	.16		$	.20		$	.64		$	.93

Net income attributable to One Liberty Properties, Inc. common stockholders, net of non-controlling interests:
Income from continuing operations	$	2,620		$	3,067		$	10,520		$	13,972
Income from discontinued operations	—			144			13			425
Net income attributable to One Liberty Properties, Inc.	$	2,620		$	3,211		$	10,533		$	14,397