| Schedule of reconciliation of numerator and denominator of earnings per share calculations |
The following table provides a reconciliation of the numerator and denominator of earnings per share calculations (amounts in thousands, except per share amounts):
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Year Ended December 31,
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2016
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2015
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2014
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Numerator for basic and diluted earnings per share:
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Income from continuing operations
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$
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24,481
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$
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21,907
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$
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22,197
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Less net income attributable to non-controlling interests
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(59
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)
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(1,390
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)
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(94
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)
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Less earnings allocated to unvested restricted stock(a)
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(999
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)
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(852
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)
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(722
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)
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Income from continuing operations available for common stockholders
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23,423
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19,665
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21,381
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Discontinued operations
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—
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—
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13
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Net income available for common stockholders:
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basic and diluted
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$
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23,423
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$
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19,665
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$
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21,394
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Denominator for basic earnings per share:
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Weighted average common shares
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16,768
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15,971
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15,563
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Effect of diluted securities:
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Restricted stock units awarded under Pay-for- Performance program
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114
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|
108
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100
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Denominator for diluted earnings per share:
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Weighted average shares
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16,882
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16,079
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15,663
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Earnings per common share, basic
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$
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1.40
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$
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1.23
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$
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1.37
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Earnings per common share, diluted
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$
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1.39
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$
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1.22
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$
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1.37
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Amounts attributable to One Liberty Properties, Inc. common stockholders, net of non-controlling interests:
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Income from continuing operations
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$
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24,422
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$
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20,517
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$
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22,103
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Income from discontinued operations
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—
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—
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13
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Net income attributable to One Liberty Properties, Inc.
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$
|
24,422
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$
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20,517
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$
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22,116
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(a)
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Represents an allocation of distributed earnings to unvested restricted stock which, as participating securities, are entitled to receive dividends.
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