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EQUITY OF AMERICAN ASSETS TRUST, INC. (Tables)
 9 Months Ended
Sep. 30, 2015
Equity [Abstract]  
Schedule of At-the-Market Program
During the three and nine months ended September 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 September 30, 2015
 
Nine Months Ended September 30, 2015
Number of shares of common stock issued through ATM programs
466,525

 
1,612,451

Weighted average price per share
$
40.85

 
$
40.77

 
 
 
 
Proceeds, gross
$
19,059

 
$
65,740

Sales agent compensation
(191
)
 
(657
)
Offering costs
(40
)
 
(355
)
Proceeds, net
$
18,828

 
$
64,728
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 nine months ended September 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
Third Quarter 2015
 
$
0.2325

 
July 1, 2015 to September 30, 2015
 
September 25, 2015
Activity of restricted stock awards
The following table summarizes the activity of restricted stock awards during the nine months ended September 30, 2015:
 
Units
 
Weighted Average Grant Date Fair Value
Nonvested at January 1, 2015
493,539

 
$22.01
Granted
5,044

 
$39.64
Vested
(335,646
)
 
$16.76
Forfeited
(26,664
)
 
$33.28
Nonvested at September 30, 2015
136,273

 
$33.39
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 September 30,
 
Nine Months Ended September 30,
 
2015
 
2014
 
2015
 
2014
NUMERATOR
 
 
 
 
 
 
 
Net income from operations
$
19,026

 
$
9,090

 
$
42,689

 
$
21,099

Less: Net income attributable to restricted shares
(32
)
 
(95
)
 
(115
)
 
(259
)
Less: Income from operations attributable to unitholders in the Operating Partnership
(5,432
)
 
(2,578
)
 
(12,277
)
 
(6,108
)
Net income attributable to common stockholders—basic
$
13,562

 
$
6,417

 
$
30,297

 
$
14,732

Income from operations attributable to American Assets Trust, Inc. common stockholders—basic
$
13,562

 
$
6,417

 
$
30,297

 
$
14,732

Plus: Income from operations attributable to unitholders in the Operating Partnership
5,432

 
2,578

 
12,277

 
6,108

Net income attributable to common stockholders—diluted
$
18,994

 
$
8,995

 
$
42,574

 
$
20,840

DENOMINATOR
 
 
 
 
 
 
 
Weighted average common shares outstanding—basic
44,998,281

 
42,539,019

 
44,176,007

 
41,653,229

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

 
17,905,257

 
17,900,231

 
17,906,715

Weighted average common shares outstanding—diluted
62,897,797

 
60,444,276

 
62,076,238

 
59,559,944

 
 
 
 
 
 
 
 
Earnings per common share, basic
$
0.30

 
$
0.15

 
$
0.69

 
$
0.35

Earnings per common share, diluted
$
0.30

 
$
0.15

 
$
0.69

 
$
0.35