XML 52 R32.htm IDEA: XBRL DOCUMENT v2.4.1.9
Earnings Per Share (EPS) (Tables)
12 Months Ended
Dec. 31, 2014
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,
2014
 
Year Ended
December 31,
2013
 
Year Ended
December 31,
2012
Numerator:
 
 
 
 
 
Income (Loss) from Continuing Operations
$
23,265

 
$
3,972

 
$
(25,063
)
(Loss) Gain on Sale of Real Estate, Net of Income Tax Provision
(83
)
 
890

 
3,777

Noncontrolling Interest Allocable to Continuing Operations
(813
)
 
396

 
2,173

Income from Continuing Operations Allocable to Participating Securities
(75
)
 

 

Income (Loss) from Continuing Operations Attributable to First Industrial Realty Trust, Inc.
22,294

 
5,258

 
(19,113
)
Preferred Dividends
(1,019
)
 
(8,733
)
 
(18,947
)
Redemption of Preferred Stock
(1,462
)
 
(5,667
)
 
(1,804
)
Income (Loss) from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders
$
19,813

 
$
(9,142
)
 
$
(39,864
)
Income from Discontinued Operations
$
27,823

 
$
36,566

 
$
18,767

Noncontrolling Interest Allocable to Discontinued Operations
(1,082
)
 
(1,517
)
 
(972
)
Income from Discontinued Operations Allocable to Participating Securities
(100
)
 
(162
)
 

Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.
$
26,641

 
$
34,887

 
$
17,795

Net Income (Loss) Available to First Industrial Realty Trust, Inc.’s Common Stockholders and Participating Securities
$
46,629

 
$
25,907

 
$
(22,069
)
Net Income Allocable to Participating Securities
(175
)
 
(162
)
 

Net Income (Loss) Available to First Industrial Realty Trust, Inc.’s Common Stockholders
$
46,454

 
$
25,745

 
$
(22,069
)
Denominator (In Thousands):
 
 
 
 
 
Weighted Average Shares - Basic
109,922

 
106,995

 
91,468

Effect of Dilutive Securities:
 
 
 
 
 
        LTIP Unit Awards
403

 

 

Weighted Average Shares - Diluted
110,325

 
106,995

 
91,468

Basic and Diluted EPS:
 
 
 
 
 
Income (Loss) from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders
$
0.18

 
$
(0.09
)
 
$
(0.44
)
Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.’s Common Stockholders
$
0.24

 
$
0.33

 
$
0.20

Net Income (Loss) Available to First Industrial Realty Trust, Inc.’s Common Stockholders
$
0.42

 
$
0.24

 
$
(0.24
)
Non-Participating Securities
The following table discloses the number of non-participating securities outstanding for the years ended December 31, 2013 and 2012 that were excluded from the computation of diluted EPS: 
 
Number of
Awards
Outstanding at
December 31,
2013
 
Number of
Awards
Outstanding at
December 31,
2012
Non-Participating Securities:
 
 
 
Restricted Unit Awards
73,400

 
483,500

LTIP Unit Awards
718,960