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Earnings Per Share (EPS)
 6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Share (EPS)
8. Earnings Per Share ("EPS")
The computation of basic and diluted EPS is presented below: 
 
Three Months Ended June 30, 2015
 
Three Months Ended June 30, 2014
 
Six Months Ended June 30, 2015
 
Six Months Ended June 30, 2014
Numerator:
 
 
 
 
 
 
 
Income from Continuing Operations
$
14,568

 
$
3,152

 
$
17,034

 
$
7,078

Noncontrolling Interest Allocable to Continuing Operations
(556
)
 
(124
)
 
(649
)
 
(182
)
Income from Continuing Operations Allocable to Participating Securities
(50
)
 
(32
)
 
(91
)
 
(50
)
Income from Continuing Operations Attributable to First Industrial Realty Trust, Inc.
13,962

 
2,996

 
16,294

 
6,846

Preferred Dividends
—

 
—

 
—

 
(1,019
)
Redemption of Preferred Stock
—

 
—

 
—

 
(1,462
)
Income from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders
$
13,962

 
$
2,996

 
$
16,294

 
$
4,365

Income from Discontinued Operations
$
—

 
$
1,052

 
$
—

 
$
2,193

Noncontrolling Interest Allocable to Discontinued Operations
—

 
(41
)
 
—

 
(87
)
Income from Discontinued Operations Allocable to Participating Securities
—

 
(11
)
 
—

 
(25
)
Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.
$
—

 
$
1,000

 
$
—

 
$
2,081

Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders and Participating Securities
$
14,012

 
$
4,039

 
$
16,385

 
$
6,521

Net Income Allocable to Participating Securities
(50
)
 
(43
)
 
(91
)
 
(75
)
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders
$
13,962

 
$
3,996

 
$
16,294

 
$
6,446

Denominator (In Thousands):
 
 
 
 
 
 
 
Weighted Average Shares - Basic
110,348

 
109,815

 
110,329

 
109,746

Effect of Dilutive Securities:
 
 
 
 
 
 
 
        LTIP performance units
335

 
589

 
350

 
564

Weighted Average Shares - Diluted
110,683

 
110,404

 
110,679

 
110,310

Basic and Diluted EPS:
 
 
 
 
 
 
 
Income from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders
$
0.13

 
$
0.03

 
$
0.15

 
$
0.04

Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.’s Common Stockholders
$
—

 
$
0.01

 
$
—

 
$
0.02

Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders
$
0.13

 
$
0.04

 
$
0.15

 
$
0.06


Participating securities include 388,866 and 465,737 of unvested restricted stock awards outstanding at June 30, 2015 and 2014, 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.