8. Earnings Per Share ("EPS")

The computation of basic and diluted EPS is presented below:



	Three Months Ended June 30, 2014			Three Months Ended June 30, 2013			Six Months Ended June 30, 2014			Six Months Ended June 30, 2013
Numerator:
Income (Loss) from Continuing Operations	$	3,606		$	(1,355	)	$	7,892		$	(527	)
Gain on Sale of Real Estate	—			—			—			262
Noncontrolling Interest Allocable to Continuing Operations	(142		)	281			(215		)	425
Income from Continuing Operations Allocable to Participating Securities	(37		)	—			(60		)	—
Income (Loss) from Continuing Operations Attributable to First Industrial Realty Trust, Inc.	3,427			(1,074		)	7,617			160
Preferred Dividends	—			(2,277		)	(1,019		)	(6,114		)
Redemption of Preferred Stock	—			(3,546		)	(1,462		)	(3,546		)
Income (Loss) from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	3,427		$	(6,897	)	$	5,136		$	(9,500	)
Income from Discontinued Operations	$	598		$	12,717		$	1,379		$	10,504
Noncontrolling Interest Allocable to Discontinued Operations	(23		)	(526		)	(54		)	(450		)
Income from Discontinued Operations Allocable to Participating Securities	(6		)	(42		)	(15		)	(78		)
Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.	$	569		$	12,149		$	1,310		$	9,976
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders and Participating Securities	$	4,039		$	5,294		$	6,521		$	554
Net Income Allocable to Participating Securities	(43		)	(42		)	(75		)	(78		)
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	3,996		$	5,252		$	6,446		$	476
Denominator:
Weighted Average Shares—Basic	109,815			108,117			109,746			104,466
Effect of Dilutive Securities:
LTIP Unit Awards	589			—			564			—
Weighted Average Shares—Diluted	110,404			108,117			110,310			104,466
Basic and Diluted EPS:
Income (Loss) from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	0.03		$	(0.06	)	$	0.05		$	(0.09	)
Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.’s Common Stockholders	$	0.01		$	0.11		$	0.01		$	0.10
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	0.04		$	0.05		$	0.06		$	0.01

Participating securities include 465,737 and 489,381 of unvested restricted stock awards outstanding at June 30, 2014 and 2013, respectively, which participate in non-forfeitable dividends of the Company. Under the two class method, participating security holders are allocated income, in proportion to total weighted average shares outstanding, based upon the greater of net income (after reduction for preferred dividends and redemption of preferred stock) or common dividends declared.

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, as the effect of restricted stock unit awards outstanding at June 30, 2013, which 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.

Effective July 1, 2013, the Board of Directors granted performance awards ("LTIP Unit Awards") to certain officers and employees of the Company. The LTIP Unit Awards, which do not participate in non-forfeitable dividends of the Company, are dilutive and are included in the calculation of diluted EPS for the three and six months ended June 30, 2014.