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Earnings Per Share ("EPS")
6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share ("EPS")
9. Earnings Per Share (“EPS”)
The computation of basic and diluted EPS is presented below:
 
Three Months
Ended
June 30,
2013
 
Three Months
Ended
June 30,
2012
 
Six Months
Ended
June 30, 2013
 
Six Months
Ended
June 30, 2012
Numerator:
 
 
 
 
 
 
 
Loss from Continuing Operations
$
(2,175
)
 
$
(12,765
)
 
$
(660
)
 
$
(17,394
)
Gain on Sale of Real Estate

 

 
262

 

Noncontrolling Interest Allocable to Continuing Operations
315

 
969

 
430

 
1,494

(Loss) Income from Continuing Operations Attributable to First Industrial Realty Trust, Inc.
(1,860
)
 
(11,796
)
 
32

 
(15,900
)
Preferred Stock Dividends
(2,277
)
 
(4,798
)
 
(6,114
)
 
(9,560
)
Redemption of Preferred Stock
(3,546
)
 

 
(3,546
)
 

Loss from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders
$
(7,683
)
 
$
(16,594
)
 
$
(9,628
)
 
$
(25,460
)
Income from Discontinued Operations
$
13,537

 
$
2,399

 
$
10,637

 
$
8,083

Noncontrolling Interest Allocable to Discontinued Operations
(560
)
 
(131
)
 
(455
)
 
(449
)
Income from Discontinued Operations Allocable to Participating Securities
(42
)
 

 
(78
)
 

Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.
$
12,935

 
$
2,268

 
$
10,104

 
$
7,634

Net Income (Loss) Available to First Industrial Realty Trust, Inc.'s Common Stockholders and Participating Securities
$
5,294

 
$
(14,326
)
 
$
554

 
$
(17,826
)
Net Income Allocable to Participating Securities
(42
)
 

 
(78
)
 

Net Income (Loss) Available to First Industrial Realty Trust, Inc.’s Common Stockholders
$
5,252

 
$
(14,326
)
 
$
476

 
$
(17,826
)
Denominator:
 
 
 
 
 
 
 
Weighted Average Shares—Basic and Diluted
108,117

 
87,981

 
104,466

 
87,278

Basic and Diluted EPS:
 
 
 
 
 
 
 
Loss from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders
$
(0.07
)
 
$
(0.19
)
 
$
(0.09
)
 
$
(0.29
)
Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.’s Common Stockholders
$
0.12

 
$
0.03

 
$
0.10

 
$
0.09

Net Income (Loss) Available to First Industrial Realty Trust, Inc.’s Common Stockholders
$
0.05

 
$
(0.16
)
 
$
0.01

 
$
(0.20
)

Participating securities include 489,381 and 750,051 of unvested restricted stock awards outstanding at June 30, 2013 and 2012, respectively, which participate in non-forfeitable dividends of the Company. For the three and six months ended June 30, 2013, participating security holders were allocated income in proportion to the common dividends declared during the year. Since participating security holders are not obligated to share in losses and no common dividends were declared during the six months ended June 30, 2012, there was no allocation of income to participating security holders for the three and six months ended June 30, 2012.

The number of weighted average shares—diluted is the same as the number of weighted average shares—basic for the three and six months ended June 30, 2013 and 2012, as the effect of restricted stock unit awards (that do not participate in non-forfeitable dividends of the Company) was excluded as its inclusion would have been antidilutive to the loss from continuing operations available to First Industrial Realty Trust, Inc.’s common stockholders. The following awards were anti-dilutive and could be dilutive in future periods:
 
Number of
Awards
Outstanding At
June 30,
2013
 
Number of
Awards
Outstanding At
June 30,
2012
Non-Participating Securities:
 
 
 
Restricted Stock Unit Awards
328,450

 
713,550