2.4.0.80016 - Disclosure - Stockholders' Equitytruefalsefalse1false falsefalseFrom2013-01-01to2013-06-30http://www.sec.gov/CIK0001397807duration2013-01-01T00:00:002013-06-30T00:00:001true 1us-gaap_StockholdersEquityAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0Stockholders' equity:2false 2us-gaap_StockholdersEquityNoteDisclosureTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse0010. STOCKHOLDERS EQUITY 2013 Follow-on Offering           On July 19, 2013, we completed the sale of 3,450,000 shares of our common stock, including 450,000 shares of our common stock sold pursuant to exercise of an over-allotment option by the underwriters. The 2013 Follow-on Offering was completed pursuant to our 2013 Shelf Registration Statement at an offering price to the public of $18.25 per share. We received net proceeds of approximately $60.0 million after deducting the underwriters discounts and other offering expenses. The proceeds were used to repay borrowings under our $75 Million Facility and are also expected to be used to fund the future acquisition of Woodlake Square. See also Note 4 for a discussion of our acquisitions and Note 8 for repayment of portions of our debt. Exchange of Class A Common Stock into Common Stock           On April 25, 2013, we filed with the State Department of Assessments and Taxation of Maryland amendments to our charter that (i) changed each issued and unissued share of our Class A common stock into one share of our Class B common stock and (ii) changed the designation of the Class B common stock to common stock. The rights of the Class A and Class B common stockholders were identical except that our Class B common stock was listed on the NYSE under the symbol AMRE. Accordingly, the rights of the Class A common stockholders did not change as a result of the charter amendments except that the shares of former Class A Common Stock are now tradable on the NYSE. The charter amendments setting forth the change of the shares of Class A common stock into shares of Class B common stock were approved by our stockholders at our 2013 annual meeting of stockholders held on April 18, 2013. The amendment approving the redesignation of the Class B common stock to common stock was approved by our board of directors and did not require stockholder approval. Our 2012 Offering           On August 1, 2012, we completed the sale of 3,650,000 shares of our Class B common stock and simultaneously listed our Class B common stock on the NYSE under the symbol AMRE. We received net proceeds of approximately $46.3 million, which were used to repay $45.3 million of mortgage debt. On August 24, 2012, we sold an additional 503,226 shares of our Class B common stock to our underwriters at the offering price pursuant to the exercise of the underwriters over-allotment option. We received net proceeds of approximately $6.5 million from the sale of the additional shares. In addition, we issued 312,499 shares of restricted Class B common stock to our officers and directors in connection with our 2012 Offering that will vest over a ten-year period beginning on the fourth anniversary of the grant. Equity Incentive Plan           Our 1999 Flexible Incentive Plan is designed to attract and retain the services of our directors and employees that we consider essential to our long-term growth and success. As such, it is designed to provide them with the opportunity to own shares of our restricted common stock. All long-term compensation awards are designed to vest over a period of three to ten years and promote retention of our team. Effective July 23, 2012, we amended the 1999 Flexible Incentive Plan to provide that all future awards are in, or related to, shares of our Class B common stock, which has now been redesignated as common stock as discussed above. Restricted Stock Issuances           Deferred compensation includes grants of restricted stock to our directors and officers as a form of long-term compensation. The share grants vest over a period of three to ten years. We determine the fair value of the restricted stock as the number of shares awarded multiplied by the fair value per share of our common stock on the grant date. We amortize such fair value ratably over the vesting periods of the respective awards.           The following table presents restricted stock activity during the six months ended June 30, 2013 and 2012: <table border="0" cellspacing="0" cellpadding="0" style="width: 95%"> <tr style="font-size: 1px"> <td style="width: 38%; vertical-align: bottom">   </td> <td style="width: 3%; vertical-align: bottom">   </td> <td style="width: 1%; vertical-align: bottom">   </td> <td style="width: 10%; vertical-align: bottom">   </td> <td style="width: 3%; vertical-align: bottom">   </td> <td style="width: 1%; vertical-align: bottom">   </td> <td style="width: 10%; vertical-align: bottom">   </td> <td style="width: 3%; vertical-align: bottom">   </td> <td style="width: 1%; vertical-align: bottom">   </td> <td style="width: 10%; vertical-align: bottom">   </td> <td style="width: 3%; vertical-align: bottom">   </td> <td style="width: 1%; vertical-align: bottom">   </td> <td style="width: 10%; vertical-align: bottom">   </td> <td style="width: 1%; vertical-align: bottom">   </td> </tr> <tr> <td style="vertical-align: bottom">   </td> <td style="vertical-align: bottom">   </td> <td colspan="5" style="vertical-align: bottom; border-bottom: BLACK 1px solid"> 2013 </td> <td style="vertical-align: bottom">   </td> <td colspan="5" style="vertical-align: bottom; border-bottom: BLACK 1px solid"> 2012 </td> <td style="vertical-align: bottom">   </td> </tr> <tr> <td style="vertical-align: bottom">   </td> <td style="vertical-align: bottom">   </td> <td colspan="2" style="vertical-align: bottom; border-bottom: BLACK 1px solid"> Non-vested Shares </td> <td style="vertical-align: bottom">   </td> <td colspan="2" style="vertical-align: bottom; border-bottom: BLACK 1px solid"> Weighted average grant date fair value </td> <td style="vertical-align: bottom">   </td> <td colspan="2" style="vertical-align: bottom; border-bottom: BLACK 1px solid"> Non-vested Shares </td> <td style="vertical-align: bottom">   </td> <td colspan="2" style="vertical-align: bottom; border-bottom: BLACK 1px solid"> Weighted average grant date fair value </td> <td style="vertical-align: bottom">   </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #D6F3E8"> Beginning of period </td> <td style="vertical-align: bottom; background-color: #D6F3E8">   </td> <td style="vertical-align: bottom; background-color: #D6F3E8">   </td> <td style="vertical-align: bottom; background-color: #D6F3E8"> 542,517 </td> <td style="vertical-align: bottom; background-color: #D6F3E8">   </td> <td style="vertical-align: bottom; background-color: #D6F3E8"> $ </td> <td style="vertical-align: bottom; background-color: #D6F3E8"> 15.24 </td> <td style="vertical-align: bottom; background-color: #D6F3E8">   </td> <td style="vertical-align: bottom; background-color: #D6F3E8">   </td> <td style="vertical-align: bottom; background-color: #D6F3E8"> 207,199 </td> <td style="vertical-align: bottom; background-color: #D6F3E8">   </td> <td style="vertical-align: bottom; background-color: #D6F3E8"> $ </td> <td style="vertical-align: bottom; background-color: #D6F3E8"> 17.86 </td> <td style="vertical-align: bottom; background-color: #D6F3E8">   </td> </tr> <tr> <td style="vertical-align: bottom"> Granted </td> <td style="vertical-align: bottom">   </td> <td style="vertical-align: bottom">   </td> <td style="vertical-align: bottom"> 54,750 </td> <td style="vertical-align: bottom">   </td> <td style="vertical-align: bottom">   </td> <td style="vertical-align: bottom"> 17.33 </td> <td style="vertical-align: bottom">   </td> <td style="vertical-align: bottom">   </td> <td style="vertical-align: bottom"> 58,550 </td> <td style="vertical-align: bottom">   </td> <td style="vertical-align: bottom">   </td> <td style="vertical-align: bottom"> 13.50 </td> <td style="vertical-align: bottom">   </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #D6F3E8"> Vested </td> <td style="vertical-align: bottom; background-color: #D6F3E8">   </td> <td style="vertical-align: bottom; background-color: #D6F3E8">   </td> <td style="vertical-align: bottom; background-color: #D6F3E8"> (37,251 </td> <td style="vertical-align: bottom; background-color: #D6F3E8"> ) </td> <td style="vertical-align: bottom; background-color: #D6F3E8">   </td> <td style="vertical-align: bottom; background-color: #D6F3E8"> 16.25 </td> <td style="vertical-align: bottom; background-color: #D6F3E8">   </td> <td style="vertical-align: bottom; background-color: #D6F3E8">   </td> <td style="vertical-align: bottom; background-color: #D6F3E8"> (38,346 </td> <td style="vertical-align: bottom; background-color: #D6F3E8"> ) </td> <td style="vertical-align: bottom; background-color: #D6F3E8">   </td> <td style="vertical-align: bottom; background-color: #D6F3E8"> 16.52 </td> <td style="vertical-align: bottom; background-color: #D6F3E8">   </td> </tr> <tr> <td style="vertical-align: bottom; padding-bottom: 1px"> Forfeited </td> <td style="vertical-align: bottom">   </td> <td style="vertical-align: bottom; border-bottom: BLACK 1px solid">   </td> <td style="vertical-align: bottom; border-bottom: BLACK 1px solid"> </td> <td style="vertical-align: bottom; padding-bottom: 1px">   </td> <td style="vertical-align: bottom">   </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; padding-bottom: 1px">   </td> <td style="vertical-align: bottom; border-bottom: BLACK 1px solid">   </td> <td style="vertical-align: bottom; border-bottom: BLACK 1px solid"> </td> <td style="vertical-align: bottom; padding-bottom: 1px">   </td> <td style="vertical-align: bottom">   </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; padding-bottom: 1px">   </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #D6F3E8; padding-bottom: 3px"> End of period </td> <td style="vertical-align: bottom; background-color: #D6F3E8">   </td> <td style="vertical-align: bottom; background-color: #D6F3E8; border-bottom: BLACK 3px double">   </td> <td style="vertical-align: bottom; background-color: #D6F3E8; border-bottom: BLACK 3px double"> 560,016 </td> <td style="vertical-align: bottom; background-color: #D6F3E8; padding-bottom: 3px">   </td> <td style="vertical-align: bottom; background-color: #D6F3E8"> $ </td> <td style="vertical-align: bottom; background-color: #D6F3E8"> 15.38 </td> <td style="vertical-align: bottom; background-color: #D6F3E8; padding-bottom: 3px">   </td> <td style="vertical-align: bottom; background-color: #D6F3E8; border-bottom: BLACK 3px double">   </td> <td style="vertical-align: bottom; background-color: #D6F3E8; border-bottom: BLACK 3px double"> 227,403 </td> <td style="vertical-align: bottom; background-color: #D6F3E8; padding-bottom: 3px">   </td> <td style="vertical-align: bottom; background-color: #D6F3E8"> $ </td> <td style="vertical-align: bottom; background-color: #D6F3E8"> 16.96 </td> <td style="vertical-align: bottom; background-color: #D6F3E8; padding-bottom: 3px">   </td> </tr> </table>           The total grant date fair value of shares vested during the six months ended June 30, 2013 and 2012 was $605,000 and $634,000 respectively. Total compensation cost recognized related to restricted stock during the six months ended June 30, 2013 and 2012, was $619,000 and $287,000, respectively. As of June 30, 2013, total unrecognized compensation cost related to restricted stock was $7.4 million, and the weighted average period over which we expect this cost to be recognized is 7.0 years. falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29-31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30, 31 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB TOPIC 4.C) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Article 4 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section C Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section E Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(d),(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644 Reference 16: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 17: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 18: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph d -Article 4 Reference 19: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 false0Stockholders' EquityfalseStockholders' EquityUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://amreitinc.com/role/DisclosureStockholdersEquity12