XML 47 R17.htm IDEA: XBRL DOCUMENT v2.4.0.6
Loss Per Share/Unit
3 Months Ended
Mar. 31, 2013
Earnings Per Share [Abstract]  
Loss Per Share/Unit
Loss Per Share/Unit

The following tables set forth the computation of basic and diluted income loss per share/unit (in thousands, except per share/unit data):

FelCor Loss Per Share

 
Three Months Ended
 
March 31,
 
2013
 
2012
Numerator:
 
 
 
Net loss attributable to FelCor
$
(26,185
)
 
$
(28,463
)
Discontinued operations attributable to FelCor
86

 
(4,172
)
Loss from continuing operations attributable to FelCor
(26,099
)
 
(32,635
)
Less: Preferred dividends
(9,678
)
 
(9,678
)
Numerator for continuing operations attributable to FelCor common stockholders
(35,777
)
 
(42,313
)
Discontinued operations attributable to FelCor
(86
)
 
4,172

Numerator for basic and diluted loss attributable to FelCor common stockholders
$
(35,863
)
 
$
(38,141
)
Denominator:
 
 
 
Denominator for basic and diluted loss per share
123,814

 
123,665

Basic and diluted loss per share data:
 
 
 
Loss from continuing operations
$
(0.29
)
 
$
(0.34
)
Discontinued operations
$

 
$
0.03

Net loss
$
(0.29
)
 
$
(0.31
)



8.
Loss Per Share/Unit — (continued)

FelCor LP Loss Per Unit
 
Three Months Ended
 
March 31,
 
2013
 
2012
Numerator:
 
 
 
Net loss attributable to FelCor LP
$
(26,365
)
 
$
(28,659
)
Discontinued operations attributable to FelCor LP
86

 
(4,193
)
Loss from continuing operations attributable to FelCor LP
(26,279
)
 
(32,852
)
 Less: Preferred distributions
(9,678
)
 
(9,678
)
Numerator for continuing operations attributable to FelCor LP common unitholders
(35,957
)
 
(42,530
)
Discontinued operations attributable to FelCor LP
(86
)
 
4,193

Numerator for basic and diluted loss attributable to FelCor common unitholders
$
(36,043
)
 
$
(38,337
)
Denominator:
 
 
 
Denominator for basic and diluted loss per unit
124,435

 
124,301

Basic and diluted loss per unit data:
 
 
 
Loss from continuing operations
$
(0.29
)
 
$
(0.34
)
Discontinued operations
$

 
$
0.03

Net loss
$
(0.29
)
 
$
(0.31
)


Securities that could potentially dilute earnings per share/unit in the future that were not included in the computation of diluted loss per share/unit, because they would have been antidilutive for the periods presented, are as follows (in thousands):
 
Three Months Ended
 
March 31,
 
2013
 
2012
Series A convertible preferred shares/units
9,985

 
 
9,985

 
FelCor restricted stock units
167

 
 

 


Series A preferred dividends (distributions) that would be excluded from net loss attributable to FelCor common stockholders (or FelCor LP common unitholders), if these Series A preferred shares/units were dilutive, were $6.3 million for the three months ended March 31, 2013 and 2012.

In February 2013, our executive officers were granted restricted stock units providing them with the potential to earn up to 1,250,000 common shares vesting in three increments over four years based on total stockholder return, relative to a group of 10 lodging REIT peers. The fixed cost of these grants are being amortized over the vesting period, and the potential impact of these restricted stock units on our earnings per share, had they been dilutive, was calculated using the treasury stock method.