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SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2014

SIGNIFICANT ACCOUNTING POLICIES

Schedule of sales proceeds and gross realized gains and losses on securities classified as available-for-sale

During 2014, 2013 and 2012, sales proceeds and gross realized gains and losses on securities classified as available-for-sale were (amounts in thousands):

		2014			2013			2012
Sales proceeds		$	266		$	19		$	373
Gross realized gains			134	(a)		6	(b)		9	(b)

(a)	Reported as Gain on sale—investment in BRT Realty Trust on the consolidated statement of income.
(b)	Resulting from the sale of other available-for-sale securities and is included in Other income on the consolidated statement of income.

Schedules of states where the Company's properties contributed over 10% to rental income

The following chart lists the states where the Company's properties contributed over 10% to the Company's total revenues, excluding the lease termination fee in 2014 (amounts in thousands):

		Year Ended December 31,
		2014			2013			2012
Texas			13.3	%		13.0	%		10.8	%
New York			9.5			11.0			12.8
New Jersey			9.5			10.7			8.3
Pennsylvania			7.8			8.8			10.1

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,
		2014			2013			2012
Numerator for basic and diluted earnings per share:
Income from continuing operations		$	22,197		$	17,409		$	11,328
Less net (income) loss attributable to non-controlling interests			(94	)		(49	)		12
Less earnings allocated to unvested shares(a)			(722	)		(667	)		—
​	​	​	​	​	​	​	​	​	​	​
Income from continuing operations available for common stockholders			21,381			16,693			11,340
Discontinued operations			13			515			20,980
​	​	​	​	​	​	​	​	​	​	​
Net income available for common stockholders, basic and diluted		$	21,394		$	17,208		$	32,320
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​
Denominator for basic earnings per share:
—weighted average common shares			15,563			14,948			14,427
—weighted average unvested shares of restricted stock(b)			—			—			411
​	​	​	​	​	​	​	​	​	​	​
			15,563			14,948			14,838
Effect of diluted securities:
—restricted stock units awarded under Pay-for-Performance program			100			100			100
​	​	​	​	​	​	​	​	​	​	​
Denominator for diluted earnings per share
—weighted average shares			15,663			15,048			14,938
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​
Earnings per common share, basic		$	1.37		$	1.15		$	2.18
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​
Earnings per common share, diluted		$	1.37		$	1.14		$	2.16
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​
Amounts attributable to One Liberty Properties, Inc. common stockholders, net of non-controlling interests:
Income from continuing operations		$	22,103		$	17,360		$	11,340
Income from discontinued operations			13			515			20,980
​	​	​	​	​	​	​	​	​	​	​
Net income attributable to One Liberty Properties, Inc.		$	22,116		$	17,875		$	32,320
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​

(a)	Represents an allocation to unvested restricted stock (which as participating securities are entitled to receive dividends) of the excess of dividends declared over net income.
(b)	The year ended December 31, 2012 includes unvested restricted stock because net income is greater than dividends declared.

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Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

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Tabular disclosure of the proceeds from sales of available-for-sale securities and the gross realized gains and gross realized losses that have been included in earnings as a result of those sales.

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