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EQUITY OF AMERICAN ASSETS TRUST, INC. (Tables)
 9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Schedule of At-the-Market Program
During the three and nine months ended September 30, 2016, the following shares of common stock were sold through the ATM equity programs (in thousands, except per share data and share amounts):
 
Three Months Ended September 30, 2016
 
Nine Months Ended September 30, 2016
Number of shares of common stock issued through ATM programs
219,480
 
219,480
Weighted average price per share
$45.50
 
$45.50
 
 
 
 
Proceeds, gross
$
9,986

 
$
9,986

Sales agent compensation
(100
)
 
(100
)
Offering costs
(221
)
 
(221
)
Proceeds, net
$
9,665

 
$
9,665
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, 2016: 
Period
 
Amount  per
Share/Unit
 
Period Covered
 
Dividend Paid Date
First Quarter 2016
 
$
0.25

 
January 1, 2016 to March 31, 2016
 
March 25, 2016
Second Quarter 2016
 
$
0.25

 
April 1, 2016 to June 30, 2016
 
June 24, 2016
Third Quarter 2016
 
$
0.25

 
July 1, 2016 to September 30, 2016
 
September 29, 2016
Activity of restricted stock awards
The following table summarizes the activity of restricted stock awards during the nine months ended September 30, 2016:
 
Units
 
Weighted Average Grant Date Fair Value
Nonvested at January 1, 2016
174,744

 
$27.11
Granted
4,900

 
$40.81
Vested
(8,185
)
 
$35.13
Forfeited
(1,496
)
 
$28.68
Nonvested at September 30, 2016
169,963

 
$28.19
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,
 
2016
 
2015
 
2016
 
2015
NUMERATOR
 
 
 
 
 
 
 
Net income from operations
$
11,858

 
$
19,026

 
$
33,229

 
$
42,689

Less: Net income attributable to restricted shares
(42
)
 
(32
)
 
(128
)
 
(115
)
Less: Income from operations attributable to unitholders in the Operating Partnership
(3,342
)
 
(5,432
)
 
(9,377
)
 
(12,277
)
Net income attributable to common stockholders—basic
$
8,474

 
$
13,562

 
$
23,724

 
$
30,297

Income from operations attributable to American Assets Trust, Inc. common stockholders—basic
$
8,474

 
$
13,562

 
$
23,724

 
$
30,297

Plus: Income from operations attributable to unitholders in the Operating Partnership
3,342

 
5,432

 
9,377

 
12,277

Net income attributable to common stockholders—diluted
$
11,816

 
$
18,994

 
$
33,101

 
$
42,574

DENOMINATOR
 
 
 
 
 
 
 
Weighted average common shares outstanding—basic
45,377,719

 
44,998,281

 
45,282,643

 
44,176,007

Effect of dilutive securities—conversion of Operating Partnership units
17,894,983

 
17,899,516

 
17,897,994

 
17,900,231

Weighted average common shares outstanding—diluted
63,272,702

 
62,897,797

 
63,180,637

 
62,076,238

 
 
 
 
 
 
 
 
Earnings per common share, basic
$
0.19

 
$
0.30

 
$
0.52

 
$
0.69

Earnings per common share, diluted
$
0.19

 
$
0.30

 
$
0.52

 
$
0.69