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Income (Loss) Per Share/Unit
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Income (loss) Per Share/Unit
Loss Per Share/Unit

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

FelCor Loss Per Share

 
Three Months Ended
 
March 31,
 
2015
 
2014
Numerator:
 
 
 
Net income (loss) attributable to FelCor
$
6,783

 
$
(14,818
)
Discontinued operations attributable to FelCor
(4
)
 
(134
)
Income (loss) from continuing operations attributable to FelCor
6,779

 
(14,952
)
Less: Preferred dividends
(9,678
)
 
(9,678
)
Less: Dividends declared on unvested restricted stock
(13
)
 
—

Numerator for continuing operations attributable to FelCor common stockholders
(2,912
)
 
(24,630
)
Discontinued operations attributable to FelCor
4

 
134

Numerator for basic and diluted loss attributable to FelCor common stockholders
$
(2,908
)
 
$
(24,496
)
Denominator:
 
 
 
Denominator for basic and diluted loss per share
124,519

 
124,146

Basic and diluted loss per share data:
 
 
 
Loss from continuing operations
$
(0.02
)
 
$
(0.20
)
Discontinued operations
$
—

 
$
—

Net loss
$
(0.02
)
 
$
(0.20
)



7.
Loss Per Share/Unit — (continued)
FelCor LP Loss Per Unit
 
Three Months Ended
 
March 31,
 
2015
 
2014
Numerator:
 
 
 
Net income (loss) attributable to FelCor LP
$
6,769

 
$
(14,939
)
Discontinued operations attributable to FelCor LP
(4
)
 
(135
)
Income (loss) from continuing operations attributable to FelCor LP
6,765

 
(15,074
)
Less: Preferred distributions
(9,678
)
 
(9,678
)
Less: Distributions declared on FelCor unvested restricted stock
(13
)
 
—

Numerator for continuing operations attributable to FelCor LP common unitholders
(2,926
)
 
(24,752
)
Discontinued operations attributable to FelCor LP
4

 
135

Numerator for basic and diluted loss attributable to FelCor common unitholders
$
(2,922
)
 
$
(24,617
)
Denominator:
 
 
 
Denominator for basic and diluted loss per unit
125,130

 
124,764

Basic and diluted loss per unit data:
 
 
 
Loss from continuing operations
$
(0.02
)
 
$
(0.20
)
Discontinued operations
$
—

 
$
—

Net loss
$
(0.02
)
 
$
(0.20
)

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 loss per share/unit, because they would have been antidilutive for the periods presented, are as follows (in thousands):
 
Three Months Ended
 
March 31,
 
2015
 
2014
Series A convertible preferred shares/units
9,984

 
 
9,985

FelCor restricted stock units
1,194

 
 
850



7.
Loss Per Share/Unit — (continued)

Series A preferred dividends (distributions) that would be excluded from net 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 March 31, 2015 and 2014.

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.