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Earnings Per Common Share (Tables)

9 Months Ended

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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- References

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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

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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

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