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Income (loss) Per Share/Unit
 6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Income (loss) Per Share/Unit
Income (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 Income (Loss) Per Share

 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2013
 
2012
 
2013
 
2012
Numerator:
 
 
 
 
 
 
 
Net income (loss) attributable to FelCor
$
(18,683
)
 
$
11,869

 
$
(44,868
)
 
$
(16,594
)
Discontinued operations attributable to FelCor
(8,063
)
 
(17,014
)
 
(8,324
)
 
(21,166
)
Loss from continuing operations attributable to FelCor
(26,746
)
 
(5,145
)
 
(53,192
)
 
(37,760
)
Less: Preferred dividends
(9,678
)
 
(9,678
)
 
(19,356
)
 
(19,356
)
Less: Undistributed earnings allocated to unvested restricted stock
—

 
(10
)
 
—

 
—

Numerator for continuing operations attributable to FelCor common stockholders
(36,424
)
 
(14,833
)
 
(72,548
)
 
(57,116
)
Discontinued operations attributable to FelCor
8,063

 
17,014

 
8,324

 
21,166

Numerator for basic and diluted income (loss) attributable to FelCor common stockholders
$
(28,361
)
 
$
2,181

 
$
(64,224
)
 
$
(35,950
)
Denominator:
 
 
 
 
 
 
 
Denominator for basic and diluted income (loss) per share
123,814

 
123,638

 
123,814

 
123,651

Basic and diluted income (loss) per share data:
 
 
 
 
 
 
 
Loss from continuing operations
$
(0.29
)
 
$
(0.12
)
 
$
(0.59
)
 
$
(0.46
)
Discontinued operations
$
0.07

 
$
0.14

 
$
0.07

 
$
0.17

Net income (loss)
$
(0.23
)
 
$
0.02

 
$
(0.52
)
 
$
(0.29
)



8.
Income (Loss) Per Share/Unit — (continued)

FelCor LP Income (Loss) Per Unit
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2013
 
2012
 
2013
 
2012
Numerator:
 
 
 
 
 
 
 
Net income (loss) attributable to FelCor LP
$
(18,823
)
 
$
11,880

 
$
(45,188
)
 
$
(16,779
)
Discontinued operations attributable to FelCor LP
(8,103
)
 
(17,099
)
 
(8,365
)
 
(21,273
)
Loss from continuing operations attributable to FelCor LP
(26,926
)
 
(5,219
)
 
(53,553
)
 
(38,052
)
 Less: Preferred distributions
(9,678
)
 
(9,678
)
 
(19,356
)
 
(19,356
)
 Less: Undistributed earnings allocated to FelCor’s unvested restricted stock
—

 
(10
)
 
—

 
—

Numerator for continuing operations attributable to FelCor LP common unitholders
(36,604
)
 
(14,907
)
 
(72,909
)
 
(57,408
)
Discontinued operations attributable to FelCor LP
8,103

 
17,099

 
8,365

 
21,273

Numerator for basic and diluted income (loss) attributable to FelCor common unitholders
$
(28,501
)
 
$
2,192

 
$
(64,544
)
 
$
(36,135
)
Denominator:
 
 
 
 
 
 
 
Denominator for basic and diluted income (loss) per unit
124,435

 
124,266

 
124,435

 
124,283

Basic and diluted income (loss) per unit data:
 
 
 
 
 
 
 
Loss from continuing operations
$
(0.29
)
 
$
(0.12
)
 
$
(0.59
)
 
$
(0.46
)
Discontinued operations
$
0.07

 
$
0.14

 
$
0.07

 
$
0.17

Net income (loss)
$
(0.23
)
 
$
0.02

 
$
(0.52
)
 
$
(0.29
)


Securities that could potentially dilute earnings per share/unit in the future that were not included in the computation of diluted income (loss) per share/unit, because they would have been antidilutive for the periods presented, are as follows (in thousands):
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2013
 
2012
 
2013
 
2012
Series A convertible preferred shares/units
9,985
 
9,985
 
9,985

 
 
9,985

 
FelCor restricted stock units
576
 
—
 
373

 
 
—

 


Series A preferred dividends (distributions) that would be excluded from net income (loss) attributable to FelCor common stockholders (or FelCor LP common unitholders), if these preferred shares/units were dilutive, were $6.3 million for the three months ended June 30, 2013 and 2012, and $12.6 million for the six months ended June 30, 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, collectively, 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 is 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.