Earnings Per Unit (LP)

6 Months Ended

Jun. 30, 2011

Earnings Per Share [Abstract]

Earnings Per Share

12.      Earnings Per Unit

The following table sets forth the computation of basic and diluted earnings per Common Unit:

	Three Months Ended June 30,						Six Months Ended June 30,
	2011			2010			2011			2010
Earnings per Common Unit - basic:
Numerator:
Income from continuing operations	$	14,147		$	39,794		$	26,261		$	51,245
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations		(182	)		(215	)		(305	)		(429	)
Distributions on Preferred Units		(1,622	)		(1,677	)		(3,299	)		(3,354	)
Excess of Preferred Unit redemption/repurchase cost over carrying value		(1,895	)		—			(1,895	)		—
Income from continuing operations available for common unitholders		10,448			37,902			20,762			47,462
Income from discontinued operations		291			238			628			875
Net income available for common unitholders	$	10,739		$	38,140		$	21,390		$	48,337
Denominator:
Denominator for basic earnings per Common Unit – weighted average units		75,586			74,989			75,393			74,907
Earnings per Common Unit – basic:
Income from continuing operations available for common unitholders	$	0.14		$	0.51		$	0.27		$	0.64
Income from discontinued operations available for common unitholders		—			—			0.01			0.01
Net income available for common unitholders	$	0.14		$	0.51		$	0.28		$	0.65
Earnings per Common Unit - diluted:
Numerator:
Income from continuing operations	$	14,147		$	39,794		$	26,261		$	51,245
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations		(182	)		(215	)		(305	)		(429	)
Distributions on Preferred Units		(1,622	)		(1,677	)		(3,299	)		(3,354	)
Excess of Preferred Unit redemption/repurchase cost over carrying value		(1,895	)		—			(1,895	)		—
Income from continuing operations available for common unitholders		10,448			37,902			20,762			47,462
Income from discontinued operations		291			238			628			875
Net income available for common unitholders	$	10,739		$	38,140		$	21,390		$	48,337
Denominator:
Denominator for basic earnings per Common Unit –weighted average units		75,586			74,989			75,393			74,907
Add:
Units options using the treasury method		202			209			185			188
Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions (1)		75,788			75,198			75,578			75,095
Earnings per Common Unit – diluted:
Income from continuing operations available for common unitholders	$	0.14			0.51			0.27			0.64
Income from discontinued operations available for common unitholders		—			—			0.01			—
Net income available for common unitholders	$	0.14			0.51			0.28			0.64

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(1) There were 0.3 million and 0.6 million options outstanding during the three and six months ended June 30, 2011 and 2010, respectively, that were not included in the computation of diluted earnings per share because the impact of including such options would be anti-dilutive.