XML 60 R26.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings Per Share (EPS) (Tables)
6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share
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