Earnings Per Common Unit (Tables)

9 Months Ended

Sep. 30, 2015

Earnings Per Share [Abstract]

Summary of basic and diluted net income per common unit

Basic and diluted net income (loss) per common unit are calculated as follows:

	Three Months Ended   September 30, 2015						Nine Months Ended   September 30, 2015
	Basic			Diluted			Basic			Diluted
Net loss attributable to The Carlyle Group L.P.	$	(83,900,000	)	$	(83,900,000	)	$	(13,800,000	)	$	(13,800,000	)
Dilution of earnings due to participating securities with distribution rights	820,200			—			163,250			(1,423,000		)
Incremental net loss from assumed exchange of Carlyle Holdings partnership units	—			(250,900,000		)	—			(67,800,000		)
Net loss attributable to common units	$	(83,079,800	)	$	(334,800,000	)	$	(13,636,750	)	$	(83,023,000	)
Weighted-average common units outstanding	78,849,332			301,558,908			72,812,892			299,143,320
Net loss per common unit	$	(1.05	)	$	(1.11	)	$	(0.19	)	$	(0.28	)
	Three Months Ended   September 30, 2014						Nine Months Ended   September 30, 2014
	Basic			Diluted			Basic			Diluted
Net income attributable to The Carlyle Group L.P.	$	25,400,000		$	25,400,000		$	69,500,000		$	69,500,000
Dilution of earnings due to participating securities with distribution rights	(304,000		)	(290,600		)	(1,077,500		)	(1,105,300		)
Net income attributable to common units	$	25,096,000		$	25,109,400		$	68,422,500		$	68,394,700
Weighted-average common units outstanding	66,474,689			72,086,875			61,422,816			67,440,601
Net income per common unit	$	0.38		$	0.35		$	1.11		$	1.01

Summary of weighted-average common units outstanding, basic and diluted

The weighted-average common units outstanding, basic and diluted, are calculated as follows:

	Three Months Ended   September 30, 2015		Nine Months Ended   September 30, 2015
	Basic	Diluted	Basic	Diluted
The Carlyle Group L.P. weighted-average common units outstanding	78,849,332	78,849,332	72,812,892	72,812,892
Unvested deferred restricted common units	—	—	—	—
Weighted-average vested Carlyle Holdings Partnership units	—	216,864,271	—	216,956,438
Unvested Carlyle Holdings Partnership units	—	5,845,305	—	9,373,990
Weighted-average common units outstanding	78,849,332	301,558,908	72,812,892	299,143,320
	Three Months Ended   September 30, 2014		Nine Months Ended   September 30, 2014
	Basic	Diluted	Basic	Diluted
The Carlyle Group L.P. weighted-average common units outstanding	66,474,689	66,474,689	61,422,816	61,422,816
Unvested deferred restricted common units	—	5,146,277	—	5,551,876
Contingently issuable Carlyle Holdings Partnership units	—	465,909	—	465,909
Weighted-average common units outstanding	66,474,689	72,086,875	61,422,816	67,440,601