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EQUITY OF AMERICAN ASSETS TRUST, INC. (Tables)
 9 Months Ended
Sep. 30, 2017
Equity [Abstract]  
Schedule of At-the-Market Program
During the three and nine months ended September 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 September 30, 2017
 
Nine Months Ended September 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 nine months ended September 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
Third Quarter 2017
 
$
0.26

 
July 1, 2017 to September 30, 2017
 
September 28, 2017
Activity of restricted stock awards
The following table summarizes the activity of restricted stock awards during the nine months ended September 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 September 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 September 30,
 
Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
NUMERATOR
 
 
 
 
 
 
 
Net income from operations
$
12,505

 
$
11,858

 
$
30,401

 
$
33,229

Less: Net income attributable to restricted shares
(60
)
 
(42
)
 
(181
)
 
(128
)
Less: Income from operations attributable to unitholders in the Operating Partnership
(3,351
)
 
(3,342
)
 
(8,220
)
 
(9,377
)
Net income attributable to common stockholders—basic
$
9,094

 
$
8,474

 
$
22,000

 
$
23,724

Income from operations attributable to American Assets Trust, Inc. common stockholders—basic
$
9,094

 
$
8,474

 
$
22,000

 
$
23,724

Plus: Income from operations attributable to unitholders in the Operating Partnership
3,351

 
3,342

 
8,220

 
9,377

Net income attributable to common stockholders—diluted
$
12,445

 
$
11,816

 
$
30,220

 
$
33,101

DENOMINATOR
 
 
 
 
 
 
 
Weighted average common shares outstanding—basic
46,898,086

 
45,377,719

 
46,650,403

 
45,282,643

Effect of dilutive securities—conversion of Operating Partnership units
17,194,980

 
17,894,983

 
17,431,294

 
17,897,994

Weighted average common shares outstanding—diluted
64,093,066

 
63,272,702

 
64,081,697

 
63,180,637

 
 
 
 
 
 
 
 
Earnings per common share, basic
$
0.19

 
$
0.19

 
$
0.47

 
$
0.52

Earnings per common share, diluted
$
0.19

 
$
0.19

 
$
0.47

 
$
0.52