Organization, Basis of Presentation and Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

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):

	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
Numerator:
Net income	$	9,197		$	8,638		$	20,448		$	17,563
Less income attributable to non-controlling interests	(888		)	(934		)	(1,969		)	(1,832		)
Less earnings allocated to unvested shares	(80		)	(68		)	(160		)	(136		)
Net income available for common stockholders, basic	$	8,229		$	7,636		$	18,319		$	15,595
Numerator:
Net income	$	9,197		$	8,638		$	20,448		$	17,563
Less earnings allocated to unvested shares	(80		)	(68		)	(160		)	(136		)
Net income available for common stockholders, diluted	$	9,117		$	8,570		$	20,288		$	17,427
Denominator:
Denominator for basic EPS – weighted average common equivalent shares	109,267,356			100,166,136			109,247,194			99,788,706
OP units	11,680,311			12,192,109			11,625,048			11,642,990
Restricted stock awards - performance-based	159,526			152,675			150,613			131,783
Stock options	130,741			131,981			133,314			125,493
Denominator for diluted EPS – weighted average common equivalent shares	121,237,934			112,642,901			121,156,169			111,688,972

Earnings Per Unit

The following table sets forth the reconciliation between basic and diluted earnings per unit for the Operating Partnership (in thousands, except unit data):

	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
Numerator:
Net income	$	9,197		$	8,638		$	20,448		$	17,563
Less earnings allocated to unvested shares	(80		)	(68		)	(160		)	(136		)
Net income available to unitholders, basic and diluted	$	9,117		$	8,570		$	20,288		$	17,427
Denominator:
Denominator for basic earnings per unit – weighted average common equivalent units	120,947,667			112,358,245			120,872,242			111,431,696
Restricted stock awards – performance-based	159,526			152,675			150,613			131,783
Stock options	130,741			131,981			133,314			125,493
Denominator for diluted earnings per unit – weighted average common equivalent units	121,237,934			112,642,901			121,156,169			111,688,972