Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2015

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,
	2015			2014			2015			2014
Numerator for basic and diluted earnings per share:
Income from continuing operations	$	3,714		$	4,662		$	12,921		$	7,949
Less net income attributable to non-controlling interests	(32		)	(22		)	(1,383		)	(49		)
Less earnings allocated to unvested restricted stock (a)	(210		)	(178		)	(420		)	(356		)

Income from continuing operations available for common stockholders	3,472			4,462			11,118			7,544
Discontinued operations	—			—			—			13

Net income available for common stockholders, basic and diluted	$	3,472		$	4,462		$	11,118		$	7,557


Denominator for basic earnings per share:
- weighted average common shares	15,883			15,518			15,830			15,436
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	15,983			15,618			15,930			15,536


Earnings per common share, basic	$	.22		$	.29		$	.70		$	.49

Earnings per common share, diluted	$	.22		$	.29		$	.70		$	.49


Net income attributable to One Liberty Properties, Inc. common stockholders, net of non-controlling interests:
Income from continuing operations	$	3,682		$	4,640		$	11,538		$	7,900
Income from discontinued operations	—			—			—			13

Net income attributable to One Liberty Properties, Inc.	$	3,682		$	4,640		$	11,538		$	7,913

(a)

Represents an allocation of distributed earnings to unvested restricted stock, which as participating securities, are entitled to receive dividends.