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Earnings Per Share (EPS) (Tables)
 12 Months Ended
Dec. 31, 2012
Computation of Basic and Diluted Earnings Per Share

The computation of basic and diluted EPS is presented below:

 

     Year Ended
December 31,
2012		     Year Ended
December 31,
2011		     Year Ended
December 31,
2010		  

Numerator:

       

Loss from Continuing Operations

    $ (20,980 )    $ (31,054 )    $ (171,345 ) 

Gain on Sale of Real Estate, Net of Income Tax Provision

      3,777        918        517   

Noncontrolling Interest Allocable to Continuing Operations

      1,962        3,027        14,841   
  

 

 

    

 

 

    

 

 

  

Loss from Continuing Operations Attributable to First Industrial Realty Trust, Inc.

      (15,241 )      (27,109 )      (155,987 ) 

Preferred Dividends

      (18,947 )      (19,565 )      (19,677 ) 

Redemption of Preferred Stock

      (1,804 )      —          —     
  

 

 

    

 

 

    

 

 

  

Loss from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders

    $ (35,992 )    $ (46,674 )    $ (175,664 ) 
  

 

 

    

 

 

    

 

 

  

Income (Loss) from Discontinued Operations, Net of Income Tax Provision

    $ 14,684      $ 20,946      $ (50,791 ) 

Noncontrolling Interest Allocable to Discontinued Operations

      (761 )      (1,282 )      3,957   
  

 

 

    

 

 

    

 

 

  

Income (Loss) from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.

    $ 13,923      $ 19,664      $ (46,834 ) 
  

 

 

    

 

 

    

 

 

  

Net Loss Available to First Industrial Realty Trust, Inc.’s Common Stockholders

    $ (22,069 )    $ (27,010 )    $ (222,498 ) 
  

 

 

    

 

 

    

 

 

  

Denominator:

       

Weighted Average Shares—Basic and Diluted

      91,468,440        80,616,000        62,952,565   

Basic and Diluted EPS:

       

Loss from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders

    $ (0.39 )    $ (0.58 )    $ (2.79 ) 
  

 

 

    

 

 

    

 

 

  

Income (Loss) from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.’s Common Stockholders

    $ 0.15      $ 0.24      $ (0.74 ) 
  

 

 

    

 

 

    

 

 

  

Net Loss Available to First Industrial Realty Trust, Inc.’s Common Stockholders

    $ (0.24 )    $ (0.34 )    $ (3.53 ) 
  

 

 

    

 

 

    

 

 

  
Non-Participating Securities

The following awards were anti-dilutive and could be dilutive in future periods:

 

     Number of
Awards
Outstanding At
December 31,
2012		      Number of
Awards
Outstanding At
December 31,
2011		      Number of
Awards
Outstanding At
December 31,
2010		  

Non-Participating Securities:

         

Restricted Unit Awards

      483,500         731,900         1,012,800   

Options

      —           25,201         98,701