XML 77 R28.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Organization, Basis of Presentation and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2019
Organization, Basis of Presentation and Summary of Significant Accounting Policies (Tables) [Line Items]  
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure
The unamortized balances of deferred leasing costs included in deferred charges in the Consolidated Balance Sheets as of December 31, 2019 that will be charged to future operations are as follows (in thousands):
 Lease Origination Costs
2020$5,804  
20214,922  
20224,115  
20233,261  
20242,523  
Thereafter7,027  
 $27,652  
Schedule of Cash Flow, Supplemental Disclosures
The following tables provides supplemental disclosures related to the consolidated statements of cash flows (in thousands):
Year Ended December 31,
201920182017
Supplemental disclosure of cash activities:   
Cash paid on gross receipts and income for federal and state purposes$275  $291  $253  
Interest paid$60,319  $60,494  $46,271  
Other non-cash investing and financing activities increase (decrease):   
Issuance of OP Units in connection with acquisitions$—  $—  $49,599  
Fair value of assumed mortgages upon acquisition$—  $—  $46,801  
Intangible lease liabilities$—  $1,680  $48,684  
Interest rate swap asset$(4,931) $610  $3,446  
Interest rate swap liabilities$3,285  $580  $—  
Accrued real estate improvement costs$3,222  $2,200  $3,568  
Equity redemption of OP Units$2,632  $—  $50,155  
Disposition of real estate through issuance of mortgage note$13,250  $—  $—  
ROIC  
Organization, Basis of Presentation and Summary of Significant Accounting Policies (Tables) [Line Items]  
Schedule of Earnings Per Share, Basic and Diluted
The following table sets forth the reconciliation between basic and diluted EPS for ROIC (in thousands, except share data):
 
 Year Ended December 31,
 201920182017
Numerator:   
Net income$53,683  $47,141  $42,688  
Less income attributable to non-controlling interests(4,839) (4,405) (4,211) 
Less earnings allocated to unvested shares(453) (401) (319) 
Net income available for common stockholders, basic$48,391  $42,335  $38,158  
Numerator:   
Net income$53,683  $47,141  $42,688  
Less earnings allocated to unvested shares(453) (401) (319) 
Net income available for common stockholders, diluted$53,230  $46,740  $42,369  
Denominator:   
Denominator for basic EPS – weighted average common equivalent shares114,177,528  112,645,490  109,400,123  
OP units11,334,408  11,626,312  12,060,835  
Performance-based restricted stock awards and LTIP Units206,100  183,683  153,807  
Stock options23,450  103,408  129,066  
Denominator for diluted EPS – weighted average common equivalent shares125,741,486  124,558,893  121,743,831  
Retail Opportunity Investments Partnership L.P.  
Organization, Basis of Presentation and Summary of Significant Accounting Policies (Tables) [Line Items]  
Schedule of Earnings Per Share, Basic and Diluted
The following table sets forth the reconciliation between basic and diluted earnings per unit for the Operating Partnership (in thousands, except unit data):
Year Ended December 31,
201920182017
Numerator:   
Net income$53,683  $47,141  $42,688  
Less earnings allocated to unvested shares(453) (401) (319) 
Net income available to unitholders, basic and diluted$53,230  $46,740  $42,369  
Denominator:   
Denominator for basic earnings per unit – weighted average common equivalent units125,511,936  124,271,802  121,460,958  
Performance-based restricted stock awards and LTIP Units206,100  183,683  153,807  
Stock options23,450  103,408  129,066  
Denominator for diluted earnings per unit – weighted average common equivalent units125,741,486  124,558,893  121,743,831