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Earnings Per Share (EPS) (Tables)
12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share
The computation of basic and diluted EPS is presented below:
 
 
Year Ended
December 31,
2013
 
Year Ended
December 31,
2012
 
Year Ended
December 31,
2011
Numerator:
 
 
 
 
 
Income (Loss) from Continuing Operations
$
4,941

 
$
(22,459
)
 
$
(33,631
)
Gain on Sale of Real Estate, Net of Income Tax Provision
890

 
3,777

 
918

Noncontrolling Interest Allocable to Continuing Operations
356

 
2,038

 
3,185

Income (Loss) from Continuing Operations Attributable to First Industrial Realty Trust, Inc.
6,187

 
(16,644
)
 
(29,528
)
Preferred Dividends
(8,733
)
 
(18,947
)
 
(19,565
)
Redemption of Preferred Stock
(5,667
)
 
(1,804
)
 

Loss from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders
$
(8,213
)
 
$
(37,395
)
 
$
(49,093
)
Income from Discontinued Operations, Net of Income Tax Provision
$
35,597

 
$
16,163

 
$
23,523

Noncontrolling Interest Allocable to Discontinued Operations
(1,477
)
 
(837
)
 
(1,440
)
Income from Discontinued Operations Allocable to Participating Securities
(162
)
 

 

Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.
$
33,958

 
$
15,326

 
$
22,083

Net Income (Loss) Available to First Industrial Realty Trust, Inc.’s Common Stockholders and Participating Securities
$
25,907

 
$
(22,069
)
 
$
(27,010
)
Net Income Allocable to Participating Securities
(162
)
 

 

Net Income (Loss) Available to First Industrial Realty Trust, Inc.’s Common Stockholders
25,745

 
(22,069
)
 
(27,010
)
Denominator:
 
 
 
 
 
Weighted Average Shares—Basic and Diluted
106,995

 
91,468

 
80,616

Basic and Diluted EPS:
 
 
 
 
 
Loss from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders
$
(0.08
)
 
$
(0.41
)
 
$
(0.61
)
Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.’s Common Stockholders
$
0.32

 
$
0.17

 
$
0.27

Net Income (Loss) Available to First Industrial Realty Trust, Inc.’s Common Stockholders
$
0.24

 
$
(0.24
)
 
$
(0.34
)
Non-Participating Securities
The following awards could be dilutive in future periods:
 
 
Number of
Awards
Outstanding At
December 31,
2013
 
Number of
Awards
Outstanding At
December 31,
2012
 
Number of
Awards
Outstanding At
December 31,
2011
Non-Participating Securities:
 
 
 
 
 
Restricted Unit Awards
73,400

 
483,500

 
731,900

Options

 

 
25,201

LTIP Unit Awards
718,960