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EQUITY OF AMERICAN ASSETS TRUST, INC. (Tables)
 6 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Schedule of At-the-Market Program
During the three and six months ended June 30, 2017, 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 June 30, 2017
Six Months Ended June 30, 2017
Number of shares of common stock issued through ATM programs
—

700,000
Weighted average price per share
N/A
$43.46
 
 
 
Proceeds, gross
$
—

$
30,425

Sales agent compensation
—

(304
)
Offering costs
—

(46
)
Proceeds, net
$
—

$
30,075
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, 2017: 
Period
 
Amount  per
Share/Unit
 
Period Covered
 
Dividend Paid Date
First Quarter 2017
 
$
0.26

 
January 1, 2017 to March 31, 2017
 
March 30, 2017
Second Quarter 2017
 
$
0.26

 
April 1, 2017 to June 30, 2017
 
June 29, 2017
Activity of restricted stock awards
The following table summarizes the activity of restricted stock awards during the six months ended June 30, 2017:
 
Units
 
Weighted Average Grant Date Fair Value
Nonvested at January 1, 2017
232,765

 
$31.24
Granted
4,880

 
$40.99
Vested
(4,900
)
 
$40.81
Forfeited
(768
)
 
$30.62
Nonvested at June 30, 2017
231,977

 
$31.25
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,
 
2017
 
2016
 
2017
 
2016
NUMERATOR
 
 
 
 
 
 
 
Net income from operations
$
7,588

 
$
10,650

 
$
17,896

 
$
21,371

Less: Net income attributable to restricted shares
(61
)
 
(43
)
 
(121
)
 
(86
)
Less: Income from operations attributable to unitholders in the Operating Partnership
(2,008
)
 
(3,008
)
 
(4,869
)
 
(6,035
)
Net income attributable to common stockholders—basic
$
5,519

 
$
7,599

 
$
12,906

 
$
15,250

Income from operations attributable to American Assets Trust, Inc. common stockholders—basic
$
5,519

 
$
7,599

 
$
12,906

 
$
15,250

Plus: Income from operations attributable to unitholders in the Operating Partnership
2,008

 
3,008

 
4,869

 
6,035

Net income attributable to common stockholders—diluted
$
7,527

 
$
10,607

 
$
17,775

 
$
21,285

DENOMINATOR
 
 
 
 
 
 
 
Weighted average common shares outstanding—basic
46,871,377

 
45,235,292

 
46,524,510

 
45,234,583

Effect of dilutive securities—conversion of Operating Partnership units
17,217,704

 
17,899,516

 
17,551,409

 
17,899,516

Weighted average common shares outstanding—diluted
64,089,081

 
63,134,808

 
64,075,919

 
63,134,099

 
 
 
 
 
 
 
 
Earnings per common share, basic
$
0.12

 
$
0.17

 
$
0.28

 
$
0.34

Earnings per common share, diluted
$
0.12

 
$
0.17

 
$
0.28

 
$
0.34