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EQUITY OF AMERICAN ASSETS TRUST, INC. (Tables)
 6 Months Ended
Jun. 30, 2015
Equity [Abstract]  
Schedule of At-the-Market Program
During the three and six months ended June 30, 2015, the following shares of common stock and related proceeds were sold through the ATM equity programs (in thousands, except per share data):
 
Three Months Ended June 30, 2015
 
Six Months Ended June 30, 2015
Number of shares of common stock issued through ATM programs
1,092,126

 
1,145,926

Weighted average price per share
$40.65
 
$40.74
 
 
 
 
Proceeds, gross
$
44,392

 
$
46,681

Sales agent compensation
(444
)
 
(467
)
Offering costs
(213
)
 
(315
)
Proceeds, net
$
43,735

 
$
45,899
Dividends declared and paid on shares of common stock and noncontrolling common units
The following table lists the dividends declared and paid on our shares of common stock and noncontrolling common units during the six months ended June 30, 2015: 
Period
 
Amount  per
Share/Unit
 
Period Covered
 
Dividend Paid Date
First Quarter 2015
 
$
0.2325

 
January 1, 2015 to March 31, 2015
 
March 27, 2015
Second Quarter 2015
 
$
0.2325

 
April 1, 2015 to June 30, 2015
 
June 26, 2015
Activity of restricted stock awards
The following table summarizes the activity of restricted stock awards during the six months ended June 30, 2015:
 
Units
 
Weighted Average Grant Date Fair Value
Nonvested at January 1, 2015
493,539

 
$
22.01

Granted
5,044

 
39.64

Vested
(316,119
)
 
15.80

Forfeited
(8,405
)
 
33.28

Nonvested at June 30, 2015
174,059

 
$
33.26
Computation of basic and diluted EPS
The computation of basic and diluted EPS is presented below (dollars in thousands, except share and per share amounts): 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2015
 
2014
 
2015
 
2014
NUMERATOR
 
 
 
 
 
 
 
Net income from operations
$
12,284

 
$
5,351

 
$
23,663

 
$
12,009

Less: Net income attributable to restricted shares
(40
)
 
(94
)
 
(83
)
 
(164
)
Less: Income from operations attributable to unitholders in the Operating Partnership
(3,536
)
 
(1,544
)
 
(6,845
)
 
(3,530
)
Net income attributable to common stockholders—basic
$
8,708

 
$
3,713

 
$
16,735

 
$
8,315

Income from operations attributable to American Assets Trust, Inc. common stockholders—basic
$
8,708

 
$
3,713

 
$
16,735

 
$
8,315

Plus: Income from operations attributable to unitholders in the Operating Partnership
3,536

 
1,544

 
6,845

 
3,530

Net income attributable to common stockholders—diluted
$
12,244

 
$
5,257

 
$
23,580

 
$
11,845

DENOMINATOR
 
 
 
 
 
 
 
Weighted average common shares outstanding—basic
44,092,631

 
41,816,379

 
43,758,055

 
41,202,993

Effect of dilutive securities—conversion of Operating Partnership units
17,899,516

 
17,905,257

 
17,900,595

 
17,907,457

Weighted average common shares outstanding—diluted
61,992,147

 
59,721,636

 
61,658,650

 
59,110,450

 
 
 
 
 
 
 
 
Earnings per common share, basic
$
0.20

 
$
0.09

 
$
0.38

 
$
0.20

Earnings per common share, diluted
$
0.20

 
$
0.09

 
$
0.38

 
$
0.20