| Earnings (Loss) per Share/Unit |
The following table illustrates Aimco’s calculation of basic and diluted earnings (loss) per share for the years ended December 31, 2013, 2012 and 2011 (in thousands, except per share data): | | | | | | | | | | | | | | 2013 | | 2012 | | 2011 | Numerator: | | | | | | Income (loss) from continuing operations | $ | 34,596 |
| | $ | (18,756 | ) | | $ | (136,237 | ) | Loss (income) from continuing operations attributable to noncontrolling interests | 10,555 |
| | (11,034 | ) | | 36,455 |
| Income attributable to preferred stockholders | (2,804 | ) | | (49,888 | ) | | (45,852 | ) | Income attributable to participating securities | (813 | ) | | (422 | ) | | (222 | ) | Income (loss) from continuing operations attributable to Aimco common stockholders | $ | 41,534 |
| | $ | (80,100 | ) | | $ | (145,856 | ) | Income from discontinued operations | $ | 203,229 |
| | $ | 214,117 |
| | $ | 78,073 |
| Income from discontinued operations attributable to noncontrolling interests | (41,090 | ) | | (51,871 | ) | | (35,378 | ) | Income from discontinued operations attributable to Aimco common stockholders | $ | 162,139 |
| | $ | 162,246 |
| | $ | 42,695 |
| Net income (loss) | $ | 237,825 |
| | $ | 195,361 |
| | $ | (58,164 | ) | Net (income) loss attributable to noncontrolling interests | (30,535 | ) | | (62,905 | ) | | 1,077 |
| Net income attributable to preferred stockholders | (2,804 | ) | | (49,888 | ) | | (45,852 | ) | Net income attributable to participating securities | (813 | ) | | (422 | ) | | (222 | ) | Net income (loss) attributable to Aimco common stockholders | $ | 203,673 |
| | $ | 82,146 |
| | $ | (103,161 | ) | Denominator: | | | | | | Weighted average common shares outstanding – basic | 145,291 |
| | 134,479 |
| | 119,312 |
| Dilutive potential common shares | 241 |
| | — |
| | — |
| Weighted average common shares outstanding – diluted | 145,532 |
| | 134,479 |
| | 119,312 |
| Earnings (loss) per common share – basic and diluted: | | | | | | Income (loss) from continuing operations attributable to Aimco common stockholders | $ | 0.29 |
| | $ | (0.60 | ) | | $ | (1.22 | ) | Income from discontinued operations attributable to Aimco common stockholders | 1.11 |
| | 1.21 |
| | 0.36 |
| Net income (loss) attributable to Aimco common stockholders | $ | 1.40 |
| | $ | 0.61 |
| | $ | (0.86 | ) | Dividends declared per common share | $ | 0.96 |
| | $ | 0.76 |
| | $ | 0.48 |
|
|
| Earnings (Loss) per Share/Unit |
The following table illustrates the Aimco Operating Partnership’s calculation of basic and diluted earnings (loss) per unit for the years ended December 31, 2013, 2012 and 2011 (in thousands, except per unit data): | | | | | | | | | | | | | | 2013 | | 2012 | | 2011 | Numerator: | | | | | | Income (loss) from continuing operations | $ | 34,596 |
| | $ | (18,756 | ) | | $ | (134,938 | ) | Loss (income) from continuing operations attributable to noncontrolling interests | 19,369 |
| | (9,585 | ) | | 32,488 |
| Income attributable to the Partnership’s preferred unitholders | (9,227 | ) | | (56,384 | ) | | (52,535 | ) | Income attributable to participating securities | (813 | ) | | (422 | ) | | (222 | ) | Income (loss) from continuing operations attributable to the Partnership’s common unitholders | $ | 43,925 |
| | $ | (85,147 | ) | | $ | (155,207 | ) | Income from discontinued operations | $ | 203,229 |
| | $ | 214,117 |
| | $ | 78,073 |
| Income from discontinued operations attributable to noncontrolling interests | (31,842 | ) | | (41,633 | ) | | (32,231 | ) | Income from discontinued operations attributable to the Partnership’s common unitholders | $ | 171,387 |
| | $ | 172,484 |
| | $ | 45,842 |
| Net income (loss) | $ | 237,825 |
| | $ | 195,361 |
| | $ | (56,865 | ) | Net (income) loss attributable to noncontrolling interests | (12,473 | ) | | (51,218 | ) | | 257 |
| Net income attributable to the Partnership’s preferred unitholders | (9,227 | ) | | (56,384 | ) | | (52,535 | ) | Net income attributable to participating securities | (813 | ) | | (422 | ) | | (222 | ) | Net income (loss) attributable to the Partnership’s common unitholders | $ | 215,312 |
| | $ | 87,337 |
| | $ | (109,365 | ) | Denominator: | | | | | | Weighted average common units outstanding – basic | 153,256 |
| | 142,614 |
| | 127,681 |
| Dilutive potential common units | 241 |
| | — |
| | — |
| Weighted average common units outstanding – diluted | 153,497 |
| | 142,614 |
| | 127,681 |
| Earnings (loss) per common unit – basic and diluted: | | | | | | Income (loss) from continuing operations attributable to the Partnership’s common unitholders | $ | 0.29 |
| | $ | (0.60 | ) | | $ | (1.22 | ) | Income from discontinued operations attributable to the Partnership’s common unitholders | 1.11 |
| | 1.21 |
| | 0.36 |
| Net income (loss) attributable to the Partnership’s common unitholders | $ | 1.40 |
| | $ | 0.61 |
| | $ | (0.86 | ) | Distributions declared per unit | $ | 0.96 |
| | $ | 0.76 |
| | $ | 0.63 |
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