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Earnings Per Unit (EPU) (Tables)
12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Unit
The computation of basic and diluted EPU is presented below: 
 
Year Ended
December 31,
2014
 
Year Ended
December 31,
2013
 
Year Ended
December 31,
2012
Numerator:
 
 
 
 
 
Income (Loss) from Continuing Operations
$
25,687

 
$
5,993

 
$
(25,181
)
(Loss) Gain on Sale of Real Estate, Net of Income Tax Provision
(83
)
 
820

 
3,777

Income from Continuing Operations Allocable to Participating Securities
(83
)
 

 

Preferred Unit Distributions
(1,019
)
 
(8,733
)
 
(18,947
)
Redemption of Preferred Units
(1,462
)
 
(5,667
)
 
(1,804
)
Income (Loss) from Continuing Operations Available to Unitholders
$
23,040

 
$
(7,587
)
 
$
(42,155
)
Income from Discontinued Operations
$
25,581

 
$
34,620

 
$
18,986

Income from Discontinued Operations Allocable to Participating Securities
(92
)
 
(162
)
 

Income from Discontinued Operations Attributable to Unitholders
$
25,489

 
$
34,458

 
$
18,986

Net Income (Loss) Available
$
48,704

 
$
27,033

 
$
(23,169
)
Net Income Allocable to Participating Securities
(175
)
 
(162
)
 

Net Income (Loss) Available to Unitholders
$
48,529

 
$
26,871

 
$
(23,169
)
Denominator (In Thousands):
 
 
 
 
 
Weighted Average Units—Basic
114,388

 
111,646

 
96,509

Effect of Dilutive Securities that Result in the Issuance of General Partner Units:
 
 
 
 
 
LTIP Unit Awards
403

 

 

Weighted Average Units - Diluted
114,791

 
111,646

 
96,509

Basic and Diluted EPU:
 
 
 
 
 
Income (Loss) from Continuing Operations Available to Unitholders
$
0.20

 
$
(0.07
)
 
$
(0.44
)
Income from Discontinued Operations Attributable to Unitholders
$
0.22

 
$
0.31

 
$
0.20

Net Income (Loss) Available to Unitholders
$
0.42

 
$
0.24

 
$
(0.24
)
Non-Participating Securities
The following table discloses the number of non-participating securities outstanding for the years ended December 31, 2013 and 2012 that were excluded from the computation of diluted EPU: 
 
Number of
Awards
Outstanding
at December 31,
2013
 
Number of
Awards
Outstanding
at December 31,
2012
Non-Participating Securities:
 
 
 
Restricted Unit Awards
73,400

 
483,500

LTIP Unit Awards
718,960