Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2016

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,
	2016			2015			2016			2015
Numerator for basic and diluted earnings per share:
Net income	$	12,459		$	3,714		$	15,743		$	12,921
Less net income attributable to non-controlling interests	(18		)	(32		)	(16		)	(1,383		)
Less earnings allocated to unvested restricted stock (a)	(436		)	(210		)	(554		)	(420		)

Net income available for common stockholders, basic and diluted	$	12,005		$	3,472		$	15,173		$	11,118


Denominator for basic earnings per share:
Weighted average common shares	16,579			15,883			16,484			15,830
Effect of diluted securities:
Restricted stock units awarded under Pay-for-Performance program	107			100			107			100

Denominator for diluted earnings per share:
Weighted average shares	16,686			15,983			16,591			15,930


Earnings per common share, basic	$	.72		$	.22		$	.92		$	. 70

Earnings per common share, diluted	$	.72		$	.22		$	.91		$	. 70


Net income attributable to One Liberty Properties, Inc. common stockholders, net of non-controlling interests	$	12,441		$	3,682		$	15,727		$	11,538

(a)

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