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



	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2015			2014			2015			2014
Numerator:
Net income (loss) attributable to FelCor	$	(8,208	)	$	72,391		$	(4,709	)	$	81,854
Discontinued operations attributable to FelCor	(496		)	8			(425		)	(131		)
Income (loss) from continuing operations attributable to FelCor	(8,704		)	72,399			(5,134		)	81,723
Less: Preferred dividends	(6,279		)	(9,678		)	(23,860		)	(29,034		)
Less: Redemption of preferred stock	—			—			(6,096		)	—
Less: Dividends declared on unvested restricted stock	(13		)	(2		)	(40		)	(5		)
Less: Undistributed earnings allocated to unvested restricted stock	—			(48		)	—			(18		)
Numerator for continuing operations attributable to FelCor common stockholders	(14,996		)	62,671			(35,130		)	52,666
Discontinued operations attributable to FelCor	496			(8		)	425			131
Numerator for basic and diluted income (loss) attributable to FelCor common stockholders	$	(14,500	)	$	62,663		$	(34,705	)	$	52,797
Denominator:
Denominator for basic income (loss) per share	142,982			124,168			136,009			124,159
Denominator for diluted income (loss) per share	142,982			125,526			136,009			125,289
Basic and diluted income (loss) per share data:
Basic:
Income (loss) from continuing operations	$	(0.10	)	$	0.50		$	(0.26	)	$	0.42
Net income (loss)	$	(0.10	)	$	0.50		$	(0.26	)	$	0.43
Diluted:
Income (loss) from continuing operations	$	(0.10	)	$	0.50		$	(0.26	)	$	0.42
Net income (loss)	$	(0.10	)	$	0.50		$	(0.26	)	$	0.42


10.	Income (Loss) Per Share/Unit — (continued)

FelCor LP Income (Loss) Per Unit



	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2015			2014			2015			2014
Numerator:
Net income (loss) attributable to FelCor LP	$	(8,269	)	$	72,576		$	(4,859	)	$	81,989
Discontinued operations attributable to FelCor LP	(498		)	8			(427		)	(132		)
Income (loss) from continuing operations attributable to FelCor LP	(8,767		)	72,584			(5,286		)	81,857
Less: Preferred distributions	(6,279		)	(9,678		)	(23,860		)	(29,034		)
Less: Redemption of preferred units	—			—			(6,096		)	—
Less: Distributions declared on FelCor unvested restricted stock	(13		)	(2		)	(40		)	(5		)
Less: Undistributed earnings allocated to FelCor unvested restricted stock	—			(48		)	—			(18		)
Numerator for continuing operations attributable to FelCor LP common unitholders	(15,059		)	62,856			(35,282		)	52,800
Discontinued operations attributable to FelCor LP	498			(8		)	427			132
Numerator for basic and diluted income (loss) attributable to FelCor common unitholders	$	(14,561	)	$	62,848		$	(34,855	)	$	52,932
Denominator:
Denominator for basic income (loss) per unit	143,594			124,781			136,621			124,774
Denominator for diluted income (loss) per unit	143,594			126,164			136,621			125,916
Basic and diluted income (loss) per unit data:
Basic:
Income (loss) from continuing operations	$	(0.10	)	$	0.50		$	(0.26	)	$	0.42
Net income (loss)	$	(0.10	)	$	0.50		$	(0.26	)	$	0.42
Diluted:
Income (loss) from continuing operations	$	(0.10	)	$	0.50		$	(0.26	)	$	0.42
Net income (loss)	$	(0.10	)	$	0.50		$	(0.26	)	$	0.42

We include the net gain (loss) on sale of hotels attributable to FelCor/FelCor LP in income (loss) from continuing operations attributable to FelCor/FelCor LP share/unit calculations.

We do not include the following securities because they would have been antidilutive for the periods presented (in thousands):



	Three Months Ended		Nine Months Ended
	September 30,		September 30,
	2015	2014	2015	2014
Series A convertible preferred shares/units	9,984	9,985	9,984	9,985
FelCor restricted stock units	1,173	—	1,136	—


10.	Income (Loss) Per Share/Unit — (continued)

Series A preferred dividends (distributions) that would be excluded from net income (loss) attributable to FelCor common stockholders (or FelCor LP common unitholders), if these preferred shares/units were dilutive, were $6.3 million for the three months ended September 30, 2015 and 2014, and $18.8 million for the nine months ended September 30, 2015 and 2014.

We grant our executive officers restricted stock units each year, which provides them with the potential to earn shares of our common stock in three increments over four years. The actual number of shares that vest is determined based on total stockholder return relative to a group of ten lodging REIT peers. We amortize the fixed cost of these grants over the vesting period. We calculate the potential dilutive impact of these awards on our earnings per share using the treasury stock method.