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Earnings Per Share (EPS)
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Share (EPS)
8. Earnings Per Share ("EPS")
The computation of basic and diluted EPS is presented below: 
 
Three Months Ended March 31, 2015
 
Three Months Ended March 31, 2014
Numerator:
 
 
 
Income from Continuing Operations
$
2,466

 
$
3,926

Noncontrolling Interest Allocable to Continuing Operations
(93
)
 
(58
)
Income from Continuing Operations Allocable to Participating Securities
(41
)
 
(18
)
Income from Continuing Operations Attributable to First Industrial Realty Trust, Inc.
2,332

 
3,850

Preferred Dividends
—

 
(1,019
)
Redemption of Preferred Stock
—

 
(1,462
)
Income from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders
$
2,332

 
$
1,369

Income from Discontinued Operations
$
—

 
$
1,141

Noncontrolling Interest Allocable to Discontinued Operations
—

 
(46
)
Income from Discontinued Operations Allocable to Participating Securities
—

 
(14
)
Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.
$
—

 
$
1,081

Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders and Participating Securities
$
2,373

 
$
2,482

Net Income Allocable to Participating Securities
(41
)
 
(32
)
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders
$
2,332

 
$
2,450

Denominator (In Thousands):
 
 
 
Weighted Average Shares - Basic
110,310

 
109,676

Effect of Dilutive Securities:
 
 
 
        LTIP Unit Awards (as defined in Note 9)
365

 
539

Weighted Average Shares - Diluted
110,675

 
110,215

Basic and Diluted EPS:
 
 
 
Income from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders
$
0.02

 
$
0.01

Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.’s Common Stockholders
$
—

 
$
0.01

Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders
$
0.02

 
$
0.02


Participating securities include 391,721 and 349,331 of unvested restricted stock awards outstanding at March 31, 2015 and 2014, respectively, which participate in non-forfeitable dividends of the Company. Under the two class method, participating security holders are allocated income, in proportion to total weighted average shares outstanding, based upon the greater of net income (after reduction for preferred dividends and redemption of preferred stock) or common dividends declared.