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Earnings Per Common Share (Tables)
 3 Months Ended
Mar. 31, 2016
Earnings Per Common Share  
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
March 31,

 

 

 

2016

 

2015

 

Numerator for basic and diluted earnings per share:

 

 

 

 

 

Net income

 
$
3,285

 
$
9,207

 

Add net loss (income) attributable to non-controlling interests

 
2

 
(1,351

)

Less earnings allocated to unvested restricted stock (a)

 
(248

)
(261

)

 

 

 

 

 

 

Net income available for common stockholders, basic and diluted

 
$
3,039

 
$
7,595

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic earnings per share:

 

 

 

 

 

Weighted average common shares

 
16,388

 
15,776

 

Effect of diluted securities:

 

 

 

 

 

Restricted stock units awarded under Pay-for-Performance program

 
107

 
100

 

 

 

 

 

 

 

Denominator for diluted earnings per share:

 

 

 

 

 

Weighted average shares

 
16,495

 
15,876

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share, basic

 

$.19

 

$.48

 

 

 

 

 

 

 

Earnings per common share, diluted

 

$.18

 

$.48

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to One Liberty Properties, Inc. common stockholders, net of non-controlling interests

 
$
3,287

 
$
7,856

 

 

 

 

 

 

 

 

 

(a)

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