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Earnings (Loss) per Share/Unit (Tables)
 12 Months Ended
Dec. 31, 2012
Earnings Per Share  
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, 2012, 2011 and 2010 (in thousands, except per share data):
 
2012
 
2011
 
2010
Numerator:
 
 
 
 
 
Loss from continuing operations
$
(14,906
)
 
$
(135,603
)
 
$
(160,777
)
(Income) loss from continuing operations attributable to noncontrolling interests
(13,733
)
 
36,285

 
42,688

Income attributable to preferred stockholders
(49,888
)
 
(45,852
)
 
(53,590
)
Income attributable to participating securities
(422
)
 
(222
)
 
—

Loss from continuing operations attributable to Aimco common stockholders
$
(78,949
)
 
$
(145,392
)
 
$
(171,679
)

Income from discontinued operations
$
210,267

 
$
77,439

 
$
71,153

Income from discontinued operations attributable to noncontrolling interests
(49,172
)
 
(35,208
)
 
(24,792
)
Income from discontinued operations attributable to Aimco common stockholders
$
161,095

 
$
42,231

 
$
46,361


Net income (loss)
$
195,361

 
$
(58,164
)
 
$
(89,624
)
Net (income) loss attributable to noncontrolling interests
(62,905
)
 
1,077

 
17,896

Income attributable to preferred stockholders
(49,888
)
 
(45,852
)
 
(53,590
)
Income attributable to participating securities
(422
)
 
(222
)
 
—

Net income (loss) attributable to Aimco common stockholders
$
82,146

 
$
(103,161
)
 
$
(125,318
)
Denominator:
 
 
 
 
 
Denominator for basic earnings per share — weighted average number of shares of Common Stock outstanding
134,479

 
119,312

 
116,369

Effect of dilutive securities:
 
 
 
 
 
Dilutive potential common shares
—

 
—

 
—

Denominator for diluted earnings per share
134,479

 
119,312

 
116,369

Earnings (loss) per common share – basic and diluted:
 
 
 
 
 
Loss from continuing operations attributable to Aimco common stockholders
$
(0.59
)
 
$
(1.22
)
 
$
(1.48
)
Income from discontinued operations attributable to Aimco common stockholders
1.20

 
0.36

 
0.40

Net income (loss) attributable to Aimco common stockholders
$
0.61

 
$
(0.86
)
 
$
(1.08
)
Dividends declared per common share
$
0.76

 
$
0.48

 
$
0.30
AIMCO PROPERTIES, L.P
  
Earnings Per Share  
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, 2012, 2011 and 2010 (in thousands, except per unit data):
 
2012
 
2011
 
2010
Numerator:
 
 
 
 
 
Loss from continuing operations
$
(14,906
)
 
$
(134,304
)
 
$
(159,918
)
(Income) loss from continuing operations attributable to noncontrolling interests
(12,199
)
 
32,475

 
34,761

Income attributable to the Partnership’s preferred unitholders
(56,384
)
 
(52,535
)
 
(58,554
)
Income attributable to participating securities
(422
)
 
(222
)
 
—

Loss from continuing operations attributable to the Partnership’s common unitholders
$
(83,911
)
 
$
(154,586
)
 
$
(183,711
)

Income from discontinued operations    
$
210,267

 
$
77,439

 
$
71,153

Income from discontinued operations attributable to noncontrolling interests
(39,019
)
 
(32,218
)
 
(21,460
)
Income from discontinued operations attributable to the Partnership’s common unitholders
$
171,248

 
$
45,221

 
$
49,693

Net income (loss)
$
195,361

 
$
(56,865
)
 
$
(88,765
)
(Income) loss attributable to noncontrolling interests
(51,218
)
 
257

 
13,301

Income attributable to the Partnership’s preferred unitholders
(56,384
)
 
(52,535
)
 
(58,554
)
Income attributable to participating securities
(422
)
 
(222
)
 
—

Net income (loss) attributable to the Partnership’s common unitholders
$
87,337

 
$
(109,365
)
 
$
(134,018
)
Denominator:
 
 
 
 
 
Denominator for basic earnings per unit — weighted average number of common units outstanding
142,614

 
127,681

 
124,747

Effect of dilutive securities:
 
 
 
 
 
Dilutive potential common units
—

 
—

 
—

Denominator for diluted earnings per unit
142,614

 
127,681

 
124,747

Earnings (loss) per common unit – basic and diluted:
 
 
 
 
 
Loss from continuing operations attributable to the Partnership’s common unitholders
$
(0.59
)
 
$
(1.21
)
 
$
(1.47
)
Income from discontinued operations attributable to the Partnership’s common unitholders
1.20

 
0.35

 
0.40

Net income (loss) attributable to the Partnership’s common unitholders
$
0.61

 
$
(0.86
)
 
$
(1.07
)
Distributions declared per unit
$
0.76

 
$
0.63

 
$
0.30