XML 40 R26.htm IDEA: XBRL DOCUMENT v3.3.1.900

SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

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.

X

- References

No definition available.

+ Details

Name:	us-gaap_AccountingPoliciesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

+ Details

Name:	us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 9
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27357-111563

+ Details

Name:	us-gaap_ScheduleOfRealizedGainLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the nature of a concentration, a benchmark to which it is compared, and the percentage that the risk is to the benchmark.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 18
-URI http://asc.fasb.org/extlink&oid=51801978&loc=d3e6351-108592

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13537-108611

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13531-108611

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=51801978&loc=d3e6442-108592

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=51801978&loc=d3e6327-108592

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=51801978&loc=d3e6404-108592

+ Details

Name:	us-gaap_SchedulesOfConcentrationOfRiskByRiskFactorTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration