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Income (Loss) Per Share/Unit
 6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Income (loss) Per Share/Unit
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
 
Six Months Ended
 
June 30,
 
June 30,
 
2017
 
2016
 
2017
 
2016
Numerator:
 
 
 
 
 
 
 
Net income (loss) attributable to FelCor
$
(1,759
)
 
$
13,391

 
$
(37,670
)
 
$
8,469

Less: Preferred dividends
(6,279
)
 
(6,279
)
 
(12,558
)
 
(12,558
)
Less: Dividends declared on unvested restricted stock
(36
)
 
(35
)
 
(73
)
 
(73
)
Numerator for basic and diluted income (loss) attributable to FelCor common stockholders
$
(8,074
)
 
$
7,077

 
$
(50,301
)
 
$
(4,162
)
Denominator:
 
 
 
 
 
 
 
Denominator for basic income (loss) per share
137,866

 
138,182

 
137,820

 
138,930

FelCor restricted stock units, less shares assumed purchased at market
—

 
496

 
—

 
—

Denominator for diluted income (loss) per share
137,866

 
138,678

 
137,820

 
138,930

Basic and diluted income (loss) per share data:
 
 
 
 
 
 
 
Net income (loss)
$
(0.06
)
 
$
0.05

 
$
(0.36
)
 
$
(0.03
)


FelCor LP Income (Loss) Per Unit
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2017
 
2016
 
2017
 
2016
Numerator:
 
 
 
 
 
 
 
Net income (loss) attributable to FelCor LP
$
(1,794
)
 
$
13,422

 
$
(37,891
)
 
$
8,452

Less: Preferred distributions
(6,279
)
 
(6,279
)
 
(12,558
)
 
(12,558
)
Less: Distributions declared on FelCor unvested restricted stock
(36
)
 
(35
)
 
(73
)
 
(73
)
Numerator for basic and diluted income (loss) attributable to FelCor common unitholders
$
(8,109
)
 
$
7,108

 
$
(50,522
)
 
$
(4,179
)
Denominator:
 
 
 
 
 
 
 
Denominator for basic income (loss) per unit
138,476

 
138,793

 
138,430

 
139,541

FelCor restricted stock units, less shares assumed purchased at market
—

 
496

 
—

 
—

Denominator for diluted income (loss) per unit
138,476

 
139,289

 
138,430

 
139,541

Basic and diluted income (loss) per unit data:
 
 
 
 
 
 
 
Net income (loss)
$
(0.06
)
 
$
0.05

 
$
(0.36
)
 
$
(0.03
)


The income (loss) attributable to FelCor/FelCor LP share/unit in the above calculations includes the net loss on sale of hotels attributable to FelCor/FelCor LP.

9.
Income (Loss) Per Share/Unit — (continued)

Securities that could potentially dilute earnings (loss) per share/unit in the future that were not included in the computation of diluted income (loss) per share/unit, because they would have been antidilutive for the periods presented, are as follows (in thousands):
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2017
 
2016
 
2017
 
2016
Series A convertible preferred shares/units
9,984
 
9,984
 
9,984

 
 
9,984

FelCor restricted stock units, less shares assumed purchased at market
287
 
—
 
239

 
 
451



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 June 30, 2017 and 2016, and $12.6 million for the six months ended June 30, 2017 and 2016.

We grant our executive officers restricted stock units each year, which provides them with the potential to earn shares of our common stock. 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.