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Earnings Per Common Share (Tables) | 9 Months Ended
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Sep. 30, 2017
Earnings Per Common Share |
Schedule of diluted weighted average number of shares of common stock includes common stock underlying RSUs awarded |
|  | Number of |  | Three Months Ended September 30, |  | Nine Months Ended September 30, |
|  | underlying shares |  | 2017 |  | 2016 |  | 2017 |  | 2016 |
2009 Incentive Plan |  | 200,000 |  |  | (a) | 117,000 |  |  | (a) | 117,000 |
2016 Incentive Plan |  | 76,250 |  | 38,125 | (b) | — |  | 38,125 | (b) | — |
| (a) |  | RSUs with respect to 113,584 shares vested on June 30, 2017 and such shares were issued in August 2017.
| (b) |  | Includes 38,125 shares that would be issued pursuant to a return on capital performance metric, assuming the end of the quarterly period was the June 30, 2020 vesting date. None of the remaining 38,125 shares (of a total of 76,250 that were awarded on September 26, 2017) are included as the applicable total stockholder return metric has not been met for these shares.
Schedule of reconciliation of the 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 September 30, |  | Nine Months Ended September 30, |
|  | 2017 |  | 2016 |  | 2017 |  | 2016 |
Numerator for basic and diluted earnings per share: |  |  |  |  |  |  |  |  |
Net income |  | $ | 7,128 |  | $ | 4,323 |  | $ | 20,007 |  | $ | 20,067 |
Less net income attributable to non-controlling interests |  | (23 | ) | (24 | ) | (65 | ) | (40 | )
Less earnings allocated to unvested restricted stock (a) |  | (263 | ) | (248 | ) | (796 | ) | (744 | )
Net income available for common stockholders, basic and diluted |  | $ | 6,842 |  | $ | 4,051 |  | $ | 19,146 |  | $ | 19,283 |
Denominator for basic earnings per share: Weighted average common shares |  | 18,000 |  | 16,845 |  | 17,859 |  | 16,605 |
Effect of diluted securities: |  |  |  |  |  |  |  |  |
RSUs |  | 79 |  | 117 |  | 102 |  | 117 |
Denominator for diluted earnings per share: Weighted average shares |  | 18,079 |  | 16,962 |  | 17,961 |  | 16,722 |
Earnings per common share, basic |  | $ | .38 |  | $ | .24 |  | $ | 1.07 |  | $ | 1.16 |
Earnings per common share, diluted |  | $ | .38 |  | $ | .24 |  | $ | 1.07 |  | $ | 1.15 |
Net income attributable to One Liberty Properties, Inc. common stockholders, net of non-controlling interests |  | $ | 7,105 |  | $ | 4,299 |  | $ | 19,942 |  | $ | 20,027 |
| (a) |  | Represents an allocation of distributed earnings to unvested restricted stock which, as participating securities, are entitled to receive dividends.

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- 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
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- Definition Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit). + 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
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