Earnings per Common Partnership Unit

The following tables detail the number of units and net income used to calculate basic and diluted earnings per common partnership unit (in thousands, except unit and per unit amounts; results may not add due to rounding):



	Three-month periods ended June 30,
	2014						2013
	Basic			Diluted			Basic			Diluted
Numerator
Income from continuing operations	$	1,245		$	1,245		$	9,310		$	9,310
Nonforfeitable dividends allocated to unvested restricted unitholders	(83		)	(83		)	(85		)	(85		)
Preferred unit dividends	(1,725		)	(1,725		)	(1,725		)	(1,725		)
Net income attributable to non-controlling interests	24			24			—			—
Income (loss) from continuing operations available to common unitholders	(539		)	(539		)	7,500			7,500
Discontinued operations attributable to common unitholders	929			929			(2,130		)	(2,130		)
Net income attributable to common unitholders	$	390		$	390		$	5,370		$	5,370
Denominator
Weighted-average units outstanding	158,801,087			158,801,087			157,131,697			157,131,697
Contingent securities/Share based compensation	—			—			—			1,343,817
Total weighted-average units outstanding	158,801,087			158,801,087			157,131,697			158,475,514
Earnings per Common Partnership Unit:
Income from continuing operations attributable to common unitholders	$	—		$	—		$	0.05		$	0.05
Discontinued operations attributable to common unitholders	—			—			(0.02		)	(0.02		)
Net income attributable to common unitholders	$	—		$	—		$	0.03		$	0.03




	Six-month periods ended June 30,
	2014						2013
	Basic			Diluted			Basic			Diluted
Numerator
Income (loss) from continuing operations	$	(992	)	$	(992	)	$	7,065		$	7,065
Amount allocable to unvested restricted unitholders	(186		)	(186		)	(193		)	(193		)
Preferred unit dividends	(3,450		)	(3,450		)	(3,450		)	(3,450		)
Net income attributable to non-controlling interests	12			12			—			—
Income (loss) from continuing operations available to common unitholders	(4,616		)	(4,616		)	3,422			3,422
Discontinued operations attributable to common unitholders	921			921			4,034			4,034
Net income (loss) attributable to common unitholders	$	(3,695	)	$	(3,695	)	$	7,456		$	7,456
Denominator
Weighted-average units outstanding	158,680,095			158,680,095			151,323,813			151,323,813
Contingent securities/Share based compensation	—			—			—			1,157,288
Total weighted-average units outstanding	158,680,095			158,680,095			151,323,813			152,481,101
Earnings per Common Partnership Unit:
Income (loss) from continuing operations attributable to common unitholders	$	(0.03	)	$	(0.03	)	$	0.02		$	0.02
Discontinued operations attributable to common unitholders	0.01			0.01			0.03			0.03
Net income (loss) attributable to common unitholders	$	(0.02	)	$	(0.02	)	$	0.05		$	0.05