Gladstone Commercial Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share of Common Stock

Earnings per Share of Common Stock

3 Months Ended

Mar. 31, 2012

Earnings per Share of Common Stock [Abstract]

3. Earnings per Share of Common Stock

The following tables set forth the computation of basic and diluted earnings per share of common stock for the three months ended March 31, 2012 and 2011. We computed basic earnings per share for the three months ended March 31, 2012 and 2011 using the weighted average number of shares outstanding during the periods. Diluted earnings per share for the three months ended March 31, 2012 and 2011, reflects additional shares of common stock, related to our convertible senior common stock, that would have been outstanding if dilutive potential shares of common stock had been issued, as well as an adjustment to net income available to common stockholders as applicable to common stockholders that would result from their assumed issuance.


	For the three months ended March 31,
	2012		2011
Calculation of basic earnings per share of common stock:
Net income available to common stockholders	$	259	$	442
Denominator for basic weighted average shares of common stock (in thousands)		10,945		9,258
Basic earnings per share of common stock	$	0.02	$	0.05

Calculation of diluted earnings per share of comon stock:
Net income available to common stockholders	$	259	$	442
Add: Income impact of assumed conversion of senior common stock		19		15

Net income available to common stockholders plus assumed conversions	$	278	$	457
Denominator for basic weighted average shares of common stock (in thousands)		10,945		9,258
Effect of convertible senior common stock (in thousands)		61		52

Denominator for diluted weighted average shares of common stock (in thousands)		11,006		9,310

Diluted earnings per share of common stock	$	0.02	$	0.05

- Definition

The entire disclosure for earnings per share.

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