Earnings Per Common Share (Tables)

9 Months Ended

Sep. 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 September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
Numerator for basic and diluted earnings per share:
Income from continuing operations	$	3,791		$	2,647		$	16,712		$	10,596
Less net income attributable to non-controlling interests	(3		)	(27		)	(1,386		)	(76		)
Less earnings allocated to unvested restricted stock (a)	(210		)	(178		)	(631		)	(534		)

Income from continuing operations available for common stockholders	3,578			2,442			14,695			9,986
Discontinued operations	—			—			—			13

Net income available for common stockholders, basic and diluted	$	3,578		$	2,442		$	14,695		$	9,999


Denominator for basic earnings per share: — weighted average common shares	16,014			15,650			15,892			15,508
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	16,114			15,750			15,992			15,608


Earnings per common share, basic	$	.22		$	.16		$	.92		$	.64

Earnings per common share, diluted	$	.22		$	.16		$	.92		$	.64


Net income attributable to One Liberty Properties, Inc. common stockholders, net of non-controlling interests:
Income from continuing operations	$	3,788		$	2,620		$	15,326		$	10,520
Income from discontinued operations	—			—			—			13


Net income attributable to One Liberty Properties, Inc.	$	3,788		$	2,620		$	15,326		$	10,533

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