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

9 Months Ended

Sep. 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 September 30,						Nine Months Ended September 30,
	2017			2016			2017			2016
Numerator:
Net income	$	10,127		$	8,215		$	30,575		$	25,778
Less income attributable to non-controlling interests	(978		)	(813		)	(2,947		)	(2,645		)
Less earnings allocated to unvested shares	(80		)	(67		)	(239		)	(204		)
Net income available for common stockholders, basic	$	9,069		$	7,335		$	27,389		$	22,929
Numerator:
Net income	$	10,127		$	8,215		$	30,575		$	25,778
Less earnings allocated to unvested shares	(80		)	(67		)	(239		)	(204		)
Net income available for common stockholders, diluted	$	10,047		$	8,148		$	30,336		$	25,574
Denominator:
Denominator for basic EPS – weighted average common equivalent shares	109,267,444			107,745,991			109,254,018			102,460,495
OP units	11,678,991			12,015,200			11,643,226			11,767,965
Restricted stock awards - performance-based	177,670			166,949			172,089			147,751
Stock options	127,078			145,609			131,282			132,936
Denominator for diluted EPS – weighted average common equivalent shares	121,251,183			120,073,749			121,200,615			114,509,147

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 September 30,						Nine Months Ended September 30,
	2017			2016			2017			2016
Numerator:
Net income	$	10,127		$	8,215		$	30,575		$	25,778
Less earnings allocated to unvested shares	(80		)	(67		)	(239		)	(204		)
Net income available to unitholders, basic and diluted	$	10,047		$	8,148		$	30,336		$	25,574
Denominator:
Denominator for basic earnings per unit – weighted average common equivalent units	120,946,435			119,761,191			120,897,244			114,228,460
Restricted stock awards – performance-based	177,670			166,949			172,089			147,751
Stock options	127,078			145,609			131,282			132,936
Denominator for diluted earnings per unit – weighted average common equivalent units	121,251,183			120,073,749			121,200,615			114,509,147