XML 60 R26.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings Per Share (EPS) (Tables)
9 Months Ended
Sep. 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
September 30, 2014
 
Three Months Ended
September 30, 2013
 
Nine Months Ended
September 30, 2014
 
Nine Months Ended
September 30, 2013
Numerator:
 
 
 
 
 
 
 
Income from Continuing Operations
$
8,458

 
$
2,280

 
$
15,881

 
$
1,073

Gain on Sale of Real Estate

 
291

 

 
553

Noncontrolling Interest Allocable to Continuing Operations
(338
)
 
31

 
(528
)
 
486

Income from Continuing Operations Allocable to Participating Securities
(34
)
 

 
(57
)
 

Income from Continuing Operations Attributable to First Industrial Realty Trust, Inc.
8,086

 
2,602

 
15,296

 
2,112

Preferred Dividends

 
(1,392
)
 
(1,019
)
 
(7,506
)
Redemption of Preferred Stock

 
(2,121
)
 
(1,462
)
 
(5,667
)
Income (Loss) from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders
$
8,086

 
$
(911
)
 
$
12,815

 
$
(11,061
)
Income from Discontinued Operations
$
13,737

 
$
6,192

 
$
15,585

 
$
17,376

Noncontrolling Interest Allocable to Discontinued Operations
(530
)
 
(250
)
 
(609
)
 
(730
)
Income from Discontinued Operations Allocable to Participating Securities
(56
)
 
(42
)
 
(66
)
 
(120
)
Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.
$
13,151

 
$
5,900

 
$
14,910

 
$
16,526

Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders and Participating Securities
$
21,327

 
$
5,031

 
$
27,848

 
$
5,585

Net Income Allocable to Participating Securities
(90
)
 
(42
)
 
(123
)
 
(120
)
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders
$
21,237

 
$
4,989

 
$
27,725

 
$
5,465

Denominator:
 
 
 
 
 
 
 
Weighted Average Shares—Basic
110,072

 
109,474

 
109,856

 
106,154

Effect of Dilutive Securities:
 
 
 
 
 
 
 
LTIP Unit Awards
199

 

 
442

 

Weighted Average Shares—Diluted
110,271

 
109,474

 
110,298

 
106,154

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

 
$
0.00

 
$
0.12

 
$
(0.10
)
Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.’s Common Stockholders
$
0.12

 
$
0.05

 
$
0.13

 
$
0.15

Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders
$
0.19

 
$
0.05

 
$
0.25

 
$
0.05