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						Nine Months Ended
	September 30,						September 30,
	2014			2013			2014			2013
Numerator:
Net income (loss) attributable to FelCor	$	72,391		$	3,230		$	81,854		$	(41,638	)
Discontinued operations attributable to FelCor	8			(11,014		)	(131		)	(17,865		)
Income (loss) from continuing operations attributable to FelCor	72,399			(7,784		)	81,723			(59,503		)
Less: Preferred dividends	(9,678		)	(9,678		)	(29,034		)	(29,034		)
Less: Dividends declared on unvested restricted stock	(2		)	—			(5		)	—
Less: Undistributed earnings allocated to unvested restricted stock	(48		)	—			(18		)	—
Numerator for continuing operations attributable to FelCor common stockholders	62,671			(17,462		)	52,666			(88,537		)
Discontinued operations attributable to FelCor	(8		)	11,014			131			17,865
Numerator for basic and diluted income (loss) attributable to FelCor common stockholders	$	62,663		$	(6,448	)	$	52,797		$	(70,672	)
Denominator:
Denominator for basic income (loss) per share	124,168			123,817			124,159			123,815
Denominator for diluted income (loss) per share	125,526			123,817			125,289			123,815
Basic income (loss) per share data:
Income (loss) from continuing operations	$	0.50		$	(0.14	)	$	0.42		$	(0.72	)
Discontinued operations	$	—		$	0.09		$	—		$	0.14
Net income (loss)	$	0.50		$	(0.05	)	$	0.43		$	(0.57	)
Diluted income (loss) per share data:
Income (loss) from continuing operations	$	0.50		$	(0.14	)	$	0.42		$	(0.72	)
Discontinued operations	$	—		$	0.09		$	—		$	0.14
Net income (loss)	$	0.50		$	(0.05	)	$	0.42		$	(0.57	)


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

FelCor LP Income (Loss) Per Unit



	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2014			2013			2014			2013
Numerator:
Net income (loss) attributable to FelCor LP	$	72,576		$	3,198		$	81,989		$	(41,990	)
Discontinued operations attributable to FelCor LP	8			(11,069		)	(132		)	(17,953		)
Income (loss) from continuing operations attributable to FelCor LP	72,584			(7,871		)	81,857			(59,943		)
Less: Preferred distributions	(9,678		)	(9,678		)	(29,034		)	(29,034		)
Less: Distributions declared on FelCor unvested restricted stock	(2		)	—			(5		)	—
Less: Undistributed earnings allocated to FelCor unvested restricted stock	(48		)	—			(18		)	—
Numerator for continuing operations attributable to FelCor LP common unitholders	62,856			(17,549		)	52,800			(88,977		)
Discontinued operations attributable to FelCor LP	(8		)	11,069			132			17,953
Numerator for basic and diluted income (loss) attributable to FelCor common unitholders	$	62,848		$	(6,480	)	$	52,932		$	(71,024	)
Denominator:
Denominator for basic income (loss) per unit	124,781			124,435			124,774			124,435
Denominator for diluted income (loss) per unit	126,164			124,435			125,916			124,435
Basic income (loss) per unit data:
Income (loss) from continuing operations	$	0.50		$	(0.14	)	$	0.42		$	(0.72	)
Discontinued operations	$	—		$	0.09		$	—		$	0.14
Net income (loss)	$	0.50		$	(0.05	)	$	0.42		$	(0.57	)
Diluted income (loss) per unit data:
Income (loss) from continuing operations	$	0.50		$	(0.14	)	$	0.42		$	(0.72	)
Discontinued operations	$	—		$	0.09		$	—		$	0.14
Net income (loss)	$	0.50		$	(0.05	)	$	0.42		$	(0.57	)

The income (loss) from continuing operations attributable to FelCor/FelCor LP share/unit calculations includes the gain on sale of hotels attributable to FelCor/FelCor LP.

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		Nine Months Ended
	September 30,		September 30,
	2014	2013	2014	2013
Series A convertible preferred shares/units	9,985	9,985	9,985	9,985
FelCor restricted stock units	—	728	—	461


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

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 September 30, 2014 and 2013, and $18.8 million for the nine months ended September 30, 2014 and 2013.

We grant our executive officers restricted stock units each year, which provides them with the potential to earn shares of our common stock in three increments over four years. The actual number of shares that vest is determined based on total stockholder return relative to a group of 10 lodging REIT peers. We amortize the fixed cost of these grants over the vesting period. We calculate the potential dilutive impact of these awards on our earnings per share using the treasury stock method.