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Income (loss) Per Share/Unit
 12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Income (loss) Per Share/Unit
oss) 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
 
Year Ended December 31,
 
2015
 
2014
 
2013
Numerator:
 
 
 
 
 
Net income (loss) attributable to FelCor
$
(8,865
)
 
$
92,099

 
$
(61,504
)
Discontinued operations attributable to FelCor
(674
)
 
359

 
(16,963
)
Income (loss) from continuing operations attributable to FelCor
(9,539
)
 
92,458

 
(78,467
)
Less: Preferred dividends
(30,138
)
 
(38,712
)
 
(38,713
)
Less: Redemption of preferred stock
(6,096
)
 
—

 
—

Less: Dividends declared on unvested restricted stock
(56
)
 
(8
)
 
—

Less: Undistributed earnings allocated to unvested restricted stock
—

 
(20
)
 
—

Numerator for continuing operations attributable to FelCor common stockholders
(45,829
)
 
53,718

 
(117,180
)
Discontinued operations attributable to FelCor
674

 
(359
)
 
16,963

Numerator for basic and diluted income (loss) attributable to FelCor common stockholders
$
(45,155
)
 
$
53,359

 
$
(100,217
)
Denominator:
 
 
 
 
 
Denominator for basic income (loss) per share
137,730

 
124,158

 
123,818

Denominator for diluted income (loss) per share
137,730

 
124,892

 
123,818

Basic and diluted income (loss) per share data:
 
 
 
 
 
Income (loss) from continuing operations
$
(0.33
)
 
$
0.43

 
$
(0.95
)
Discontinued operations
$
—

 
$
—

 
$
0.14

Net income (loss)
$
(0.33
)
 
$
0.43

 
$
(0.81
)


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

FelCor LP Income (Loss) Per Unit

 
Year Ended December 31,
 
2015
 
2014
 
2013
Numerator:
 
 
 
 
 
Net income (loss) attributable to FelCor LP
$
(9,059
)
 
$
92,236

 
$
(62,001
)
Discontinued operations attributable to FelCor LP
(677
)
 
360

 
(17,047
)
Income (loss) from continuing operations attributable to FelCor LP
(9,736
)
 
92,596

 
(79,048
)
Less: Preferred distributions
(30,138
)
 
(38,712
)
 
(38,713
)
Less: Redemption of preferred units
(6,096
)
 
—

 
—

Less: Distributions declared on FelCor unvested restricted stock
(56
)
 
(8
)
 
—

Less: Undistributed earnings allocated to FelCor unvested restricted stock
—

 
(20
)
 
—

Numerator for continuing operations attributable to FelCor LP common unitholders
(46,026
)
 
53,856

 
(117,761
)
Discontinued operations attributable to FelCor LP
677

 
(360
)
 
17,047

Numerator for basic and diluted income (loss) attributable to FelCor LP common unitholders
$
(45,349
)
 
$
53,496

 
$
(100,714
)
Denominator:
 
 
 
 
 
Denominator for basic income (loss) per unit
138,341

 
124,772

 
124,437

Denominator for diluted income (loss) per unit
138,341

 
125,511

 
124,437

Basic and diluted income (loss) per unit data:
 
 
 
 
 
Income (loss) from continuing operations
$
(0.33
)
 
$
0.43

 
$
(0.95
)
Discontinued operations
$
—

 
$
—

 
$
0.14

Net income (loss)
$
(0.33
)
 
$
0.43

 
$
(0.81
)


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


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

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 (unaudited, in thousands):

 
 
Year Ended December 31,
 
 
2015
 
2014
 
2013
Series A convertible preferred shares/units
 
9,984

 
9,984

 
9,985

FelCor restricted stock units
 
488

 
—

 
547



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 $25.1 million for all periods presented.

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 ten 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.