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Partners Equity of the Operating Partnership (Tables)
12 Months Ended
Dec. 31, 2015
Equity [Abstract]  
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):

 

 

Year ended December 31,

 

 

2015

 

 

2014

 

 

2013

 

 

Basic

 

 

Diluted

 

 

Basic

 

 

Diluted

 

 

Basic

 

 

Diluted

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

$

(30,740

)

 

$

(30,740

)

 

$

6,024

 

 

$

6,024

 

 

$

38,982

 

 

$

38,982

 

Nonforfeitable dividends allocated to unvested restricted unitholders

 

(329

)

 

 

(329

)

 

 

(349

)

 

 

(349

)

 

 

(363

)

 

 

(363

)

Preferred unit dividends

 

(6,900

)

 

 

(6,900

)

 

 

(6,900

)

 

 

(6,900

)

 

 

(6,900

)

 

 

(6,900

)

Net loss attributable to non-controlling interests

 

3

 

 

 

3

 

 

 

44

 

 

 

44

 

 

 

-

 

 

 

-

 

Income (loss) from continuing operations available to common unitholders

 

(37,966

)

 

 

(37,966

)

 

 

(1,181

)

 

 

(1,181

)

 

 

31,719

 

 

 

31,719

 

Discontinued operations attributable to common unitholders

 

-

 

 

 

-

 

 

 

918

 

 

 

918

 

 

 

4,207

 

 

 

4,207

 

Net income (loss) attributable to common unitholders

$

(37,966

)

 

$

(37,966

)

 

$

(263

)

 

$

(263

)

 

$

35,926

 

 

$

35,926

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average units outstanding

 

179,697,262

 

 

 

179,697,262

 

 

 

167,942,246

 

 

 

167,942,246

 

 

 

154,929,545

 

 

 

154,929,545

 

Contingent securities/Share based compensation

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

1,273,853

 

Total weighted-average units outstanding

 

179,697,262

 

 

 

179,697,262

 

 

 

167,942,246

 

 

 

167,942,246

 

 

 

154,929,545

 

 

 

156,203,398

 

Earnings (loss) per Common Partnership Unit:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations attributable to common unitholders

 

(0.21

)

 

 

(0.21

)

 

 

(0.01

)

 

 

(0.01

)

 

 

0.20

 

 

 

0.20

 

Discontinued operations attributable to common unitholders

 

-

 

 

 

-

 

 

 

0.01

 

 

 

0.01

 

 

 

0.03

 

 

 

0.03

 

Net income (loss) attributable to common unitholders

$

(0.21

)

 

$

(0.21

)

 

$

-

 

 

$

-

 

 

$

0.23

 

 

$

0.23