XML 65 R48.htm IDEA: XBRL DOCUMENT v3.6.0.2
Income (loss) Per Share/Unit (Tables)
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [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
 
Year Ended December 31,
 
2016
 
2015
 
2014
Numerator:
 
 
 
 
 
Net income (loss) attributable to FelCor
$
3,498

 
$
(8,865
)
 
$
92,099

Discontinued operations attributable to FelCor
3,118

 
(674
)
 
359

Income (loss) from continuing operations attributable to FelCor
6,616

 
(9,539
)
 
92,458

Less: Preferred dividends
(25,115
)
 
(30,138
)
 
(38,712
)
Less: Redemption of preferred stock
—

 
(6,096
)
 
—

Less: Dividends declared on unvested restricted stock
(129
)
 
(56
)
 
(8
)
Less: Undistributed earnings allocated to unvested restricted stock
—

 
—

 
(20
)
Numerator for continuing operations attributable to FelCor common stockholders
(18,628
)
 
(45,829
)
 
53,718

Discontinued operations attributable to FelCor
(3,118
)
 
674

 
(359
)
Numerator for basic and diluted income (loss) attributable to FelCor common stockholders
$
(21,746
)
 
$
(45,155
)
 
$
53,359

Denominator:
 
 
 
 
 
Denominator for basic income (loss) per share
138,128

 
137,730

 
124,158

FelCor restricted stock units, less shares assumed purchased at market
—

 
—

 
734

Denominator for diluted income (loss) per share
138,128

 
137,730

 
124,892

Basic and diluted income (loss) per share data:
 
 
 
 
 
Income (loss) from continuing operations
$
(0.13
)
 
$
(0.33
)
 
$
0.43

Discontinued operations
$
(0.02
)
 
$
—

 
$
—

Net income (loss)
$
(0.16
)
 
$
(0.33
)
 
$
0.43
Schedule Securities Excluded from Computation of Earnings Per Share
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,
 
 
2016
 
2015
 
2014
Series A convertible preferred shares/units
 
9,984

 
9,984

 
9,984

FelCor restricted stock units, less shares assumed purchased at the market
 
155

 
488

 
—
FelCor Lodging LP [Member]  
Earnings Per Share [Line Items]  
Schedule of Computation of Basic and Diluted Income (Loss) Per Share/Unit
FelCor LP Income (Loss) Per Unit

 
Year Ended December 31,
 
2016
 
2015
 
2014
Numerator:
 
 
 
 
 
Net income (loss) attributable to FelCor LP
$
3,405

 
$
(9,059
)
 
$
92,236

Discontinued operations attributable to FelCor LP
3,131

 
(677
)
 
360

Income (loss) from continuing operations attributable to FelCor LP
6,536

 
(9,736
)
 
92,596

Less: Preferred distributions
(25,115
)
 
(30,138
)
 
(38,712
)
Less: Redemption of preferred units
—

 
(6,096
)
 
—

Less: Distributions declared on FelCor unvested restricted stock
(129
)
 
(56
)
 
(8
)
Less: Undistributed earnings allocated to FelCor unvested restricted stock
—

 
—

 
(20
)
Numerator for continuing operations attributable to FelCor LP common unitholders
(18,708
)
 
(46,026
)
 
53,856

Discontinued operations attributable to FelCor LP
(3,131
)
 
677

 
(360
)
Numerator for basic and diluted income (loss) attributable to FelCor LP common unitholders
$
(21,839
)
 
$
(45,349
)
 
$
53,496

Denominator:
 
 
 
 
 
Denominator for basic income (loss) per unit
138,739

 
138,341

 
124,772

FelCor restricted stock units, less shares assumed purchased at market
—

 
—

 
739

Denominator for diluted income (loss) per unit
138,739

 
138,341

 
125,511

Basic and diluted income (loss) per unit data:
 
 
 
 
 
Income (loss) from continuing operations
$
(0.13
)
 
$
(0.33
)
 
$
0.43

Discontinued operations
$
(0.02
)
 
$
—

 
$
—

Net income (loss)
$
(0.16
)
 
$
(0.33
)
 
$
0.43