XML 48 R35.htm IDEA: XBRL DOCUMENT v3.3.0.814
Income (Loss) Per Share/Unit (Tables)
 9 Months Ended
Sep. 30, 2015
Earnings Per Share/Unit [Line Items]  
Schedule of Computation of Basic and Diluted 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,
 
2015
 
2014
 
2015
 
2014
Numerator:
 
 
 
 
 
 
 
Net income (loss) attributable to FelCor
$
(8,208
)
 
$
72,391

 
$
(4,709
)
 
$
81,854

Discontinued operations attributable to FelCor
(496
)
 
8

 
(425
)
 
(131
)
Income (loss) from continuing operations attributable to FelCor
(8,704
)
 
72,399

 
(5,134
)
 
81,723

Less: Preferred dividends
(6,279
)
 
(9,678
)
 
(23,860
)
 
(29,034
)
Less: Redemption of preferred stock
—

 
—

 
(6,096
)
 
—

Less: Dividends declared on unvested restricted stock
(13
)
 
(2
)
 
(40
)
 
(5
)
Less: Undistributed earnings allocated to unvested restricted stock
—

 
(48
)
 
—

 
(18
)
Numerator for continuing operations attributable to FelCor common stockholders
(14,996
)
 
62,671

 
(35,130
)
 
52,666

Discontinued operations attributable to FelCor
496

 
(8
)
 
425

 
131

Numerator for basic and diluted income (loss) attributable to FelCor common stockholders
$
(14,500
)
 
$
62,663

 
$
(34,705
)
 
$
52,797

Denominator:
 
 
 
 
 
 
 
Denominator for basic income (loss) per share
142,982

 
124,168

 
136,009

 
124,159

Denominator for diluted income (loss) per share
142,982

 
125,526

 
136,009

 
125,289

Basic and diluted income (loss) per share data:
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
(0.10
)
 
$
0.50

 
$
(0.26
)
 
$
0.42

Net income (loss)
$
(0.10
)
 
$
0.50

 
$
(0.26
)
 
$
0.43

Diluted:
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
(0.10
)
 
$
0.50

 
$
(0.26
)
 
$
0.42

Net income (loss)
$
(0.10
)
 
$
0.50

 
$
(0.26
)
 
$
0.42
Schedule Securities Excluded from Computation of Earnings Per Share
We do not include the following securities because they would have been antidilutive for the periods presented (in thousands):
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2015
 
2014
 
2015
 
2014
Series A convertible preferred shares/units
9,984
 
9,985
 
9,984

 
 
9,985

FelCor restricted stock units
1,173
 
—
 
1,136

 
 
—
FelCor Lodging LP [Member]  
Earnings Per Share/Unit [Line Items]  
Schedule of Computation of Basic and Diluted Income (Loss) Per Share/Unit
FelCor LP Income (Loss) Per Unit
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2015
 
2014
 
2015
 
2014
Numerator:
 
 
 
 
 
 
 
Net income (loss) attributable to FelCor LP
$
(8,269
)
 
$
72,576

 
$
(4,859
)
 
$
81,989

Discontinued operations attributable to FelCor LP
(498
)
 
8

 
(427
)
 
(132
)
Income (loss) from continuing operations attributable to FelCor LP
(8,767
)
 
72,584

 
(5,286
)
 
81,857

Less: Preferred distributions
(6,279
)
 
(9,678
)
 
(23,860
)
 
(29,034
)
Less: Redemption of preferred units
—

 
—

 
(6,096
)
 
—

Less: Distributions declared on FelCor unvested restricted stock
(13
)
 
(2
)
 
(40
)
 
(5
)
Less: Undistributed earnings allocated to FelCor unvested restricted stock
—

 
(48
)
 
—

 
(18
)
Numerator for continuing operations attributable to FelCor LP common unitholders
(15,059
)
 
62,856

 
(35,282
)
 
52,800

Discontinued operations attributable to FelCor LP
498

 
(8
)
 
427

 
132

Numerator for basic and diluted income (loss) attributable to FelCor common unitholders
$
(14,561
)
 
$
62,848

 
$
(34,855
)
 
$
52,932

Denominator:
 
 
 
 
 
 
 
Denominator for basic income (loss) per unit
143,594

 
124,781

 
136,621

 
124,774

Denominator for diluted income (loss) per unit
143,594

 
126,164

 
136,621

 
125,916

Basic and diluted income (loss) per unit data:
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
(0.10
)
 
$
0.50

 
$
(0.26
)
 
$
0.42

Net income (loss)
$
(0.10
)
 
$
0.50

 
$
(0.26
)
 
$
0.42

Diluted:
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
(0.10
)
 
$
0.50

 
$
(0.26
)
 
$
0.42

Net income (loss)
$
(0.10
)
 
$
0.50

 
$
(0.26
)
 
$
0.42