Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2017

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,
	2017			2016
Numerator for basic and diluted earnings per share:
Net income	$	2,886		$	3,285
Less net (income) loss attributable to non-controlling interests	(21		)	2
Less earnings allocated to unvested restricted stock (a)	(269		)	(248		)

Net income available for common stockholders, basic and diluted	$	2,596		$	3,039


Denominator for basic earnings per share:
Weighted average common shares	17,751			16,388
Effect of diluted securities:
Restricted stock units awarded under Pay-for-Performance program	114			107

Denominator for diluted earnings per share:
Weighted average shares	17,865			16,495


Earnings per common share, basic	$	.15		$	.19

Earnings per common share, diluted	$	.15		$	.18


Net income attributable to One Liberty Properties, Inc. common stockholders, net of non-controlling interests	$	2,865		$	3,287

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