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EARNINGS PER COMMON SHARE (Tables)
12 Months Ended
Dec. 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):

                                                                                                                                                                                    

 

 

Year Ended December 31,

 

 

 

2016

 

2015

 

2014

 

Numerator for basic and diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

24,481

 

$

21,907

 

$

22,197

 

Less net income attributable to non-controlling interests

 

 

(59

)

 

(1,390

)

 

(94

)

Less earnings allocated to unvested restricted stock(a)

 

 

(999

)

 

(852

)

 

(722

)

​  

​  

​  

​  

​  

​  

Income from continuing operations available for common stockholders          

 

 

23,423

 

 

19,665

 

 

21,381

 

Discontinued operations

 

 

 

 

 

 

13

 

​  

​  

​  

​  

​  

​  

Net income available for common stockholders:

 

 

 

 

 

 

 

 

 

 

basic and diluted

 

$

23,423

 

$

19,665

 

$

21,394

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Denominator for basic earnings per share:

 

 

 

 

 

 

 

 

 

 

Weighted average common shares

 

 

16,768

 

 

15,971

 

 

15,563

 

Effect of diluted securities:

 

 

 

 

 

 

 

 

 

 

Restricted stock units awarded under Pay-for- Performance program          

 

 

114

 

 

108

 

 

100

 

​  

​  

​  

​  

​  

​  

Denominator for diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

Weighted average shares

 

 

16,882

 

 

16,079

 

 

15,663

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Earnings per common share, basic

 

$

1.40

 

$

1.23

 

$

1.37

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Earnings per common share, diluted

 

$

1.39

 

$

1.22

 

$

1.37

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

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

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

24,422

 

$

20,517

 

$

22,103

 

Income from discontinued operations

 

 

 

 

 

 

13

 

​  

​  

​  

​  

​  

​  

Net income attributable to One Liberty Properties, Inc. 

 

$

24,422

 

$

20,517

 

$

22,116

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  


 

 

(a)     

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