| Schedule of Earnings Per Share, Basic and Diluted |
The following table sets forth the reconciliation between basic and diluted EPS for ROIC (in thousands, except share data): | | | | | | | | | | Three Months Ended March 31, | | 2017 | | 2016 | Numerator: | |
| | |
| Net income | $ | 11,251 |
| | $ | 8,925 |
| Less income attributable to non-controlling interests | (1,081 | ) | | (898 | ) | Less earnings allocated to unvested shares | (80 | ) | | (68 | ) | Net income available for common stockholders, basic | $ | 10,090 |
| | $ | 7,959 |
| Numerator: | |
| | |
| Net income | $ | 11,251 |
| | $ | 8,925 |
| Less earnings allocated to unvested shares | (80 | ) | | (68 | ) | Net income available for common stockholders, diluted | $ | 11,171 |
| | $ | 8,857 |
| Denominator: | |
| | |
| Denominator for basic EPS – weighted average common equivalent shares | 109,226,809 |
| | 99,410,942 |
| OP units | 11,569,171 |
| | 11,093,870 |
| Restricted stock awards - performance-based | 122,234 |
| | 88,618 |
| Stock options | 135,837 |
| | 118,060 |
| Denominator for diluted EPS – weighted average common equivalent shares | 121,054,051 |
| | 110,711,490 |
|
Earnings Per Unit The following table sets forth the reconciliation between basic and diluted earnings per unit for the Operating Partnership (in thousands, except unit data): | | | | | | | | | | Three Months Ended March 31, | | 2017 | | 2016 | Numerator: | |
| | |
| Net income | $ | 11,251 |
| | $ | 8,925 |
| Less earnings allocated to unvested shares | (80 | ) | | (68 | ) | Net income available to unitholders, basic and diluted | $ | 11,171 |
| | $ | 8,857 |
| Denominator: | |
| | |
| Denominator for basic earnings per unit – weighted average common equivalent units | 120,795,980 |
| | 110,504,812 |
| Restricted stock awards – performance-based | 122,234 |
| | 88,618 |
| Stock options | 135,837 |
| | 118,060 |
| Denominator for diluted earnings per unit – weighted average common equivalent units | 121,054,051 |
| | 110,711,490 |
|
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