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SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 31, 2015
SIGNIFICANT ACCOUNTING POLICIES |
Schedule of sales proceeds and gross realized gains and losses on securities classified as available-for-sale | Realized gains and losses are determined using the average cost method. During 2014 and 2013, sales proceeds and gross realized gains and losses on securities classified as available-for-sale were (amounts in thousands):
|  | 2014 |  | 2013 |
Sales proceeds |  | $ | 266 |  | $ | 19 |
Gross realized gains |  |  | 134 | (a) |  | 6 | (b)
(a) | Reported as Gain on sale—investment in BRT Realty Trust (related party) on the consolidated statement of income. (See Note 9.)
(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 |
|  | Year Ended December 31, |
|  | 2015 |  | 2014 |  | 2013 |
Texas |  |  | 11.6 | % |  | 13.3 | % |  | 13.0 | %
New York |  |  | 8.9 |  |  | 9.5 |  |  | 11.0 |
New Jersey |  |  | 3.2 |  |  | 9.5 |  |  | 10.7 |
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, |
|  | 2015 |  | 2014 |  | 2013 |
Numerator for basic and diluted earnings per share: |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 21,907 |  | $ | 22,197 |  | $ | 17,409 |
Less net income attributable to non-controlling interests |  |  | (1,390 | ) |  | (94 | ) |  | (49 | )
Less earnings allocated to unvested restricted stock(a) |  |  | (852 | ) |  | (722 | ) |  | (667 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income from continuing operations available for common stockholders |  |  | 19,665 |  |  | 21,381 |  |  | 16,693 |
Discontinued operations |  |  | — |  |  | 13 |  |  | 515 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income available for common stockholders, basic and diluted |  | $ | 19,665 |  | $ | 21,394 |  | $ | 17,208 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Denominator for basic earnings per share: |  |  |  |  |  |  |  |  |  |
Weighted average common shares |  |  | 15,971 |  |  | 15,563 |  |  | 14,948 |
Effect of diluted securities: |  |  |  |  |  |  |  |  |  |
Restricted stock units awarded under Pay-for-Performance program |  |  | 108 |  |  | 100 |  |  | 100 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Denominator for diluted earnings per share: |  |  |  |  |  |  |  |  |  |
Weighted average shares |  |  | 16,079 |  |  | 15,663 |  |  | 15,048 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings per common share, basic |  | $ | 1.23 |  | $ | 1.37 |  | $ | 1.15 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings per common share, diluted |  | $ | 1.22 |  | $ | 1.37 |  | $ | 1.14 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amounts attributable to One Liberty Properties, Inc. common stockholders, net of non-controlling interests: |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 20,517 |  | $ | 22,103 |  | $ | 17,360 |
Income from discontinued operations |  |  | — |  |  | 13 |  |  | 515 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income attributable to One Liberty Properties, Inc. |  | $ | 20,517 |  | $ | 22,116 |  | $ | 17,875 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(a) | Represents an allocation of distributed earnings to unvested restricted stock which, as participating securities, are entitled to receive dividends.

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