Net (Loss) Income Per Unit

9 Months Ended

Sep. 30, 2012

Net (Loss) Income Per Unit [Abstract]

Net (Loss) Income Per Unit

4.Net (Loss) Income Per Unit

Basic net (loss) income per unit is derived by reducing net (loss) income for the 1% general partnership interest and dividing the remaining 99% by the basic weighted average number of units outstanding for each period. Diluted net (loss) income per unit is derived by reducing net (loss) income for the 1% general partnership interest and dividing the remaining 99% by the total of the basic weighted average number of units outstanding and the dilutive unit equivalents resulting from outstanding compensatory options to buy Holding Units as follows:

	Three Months Ended September 30,					Nine Months Ended September 30,
	2012			2011		2012		2011
	(in thousands, except per unit amounts)
Net (loss) income attributable to AllianceBernstein Unitholders	$	(44,246	)	$	90,981	$	117,217	$	341,592
Weighted average units outstanding - basic		277,612			278,010		277,759		278,035
Dilutive effect of compensatory options to buy Holding Units		—			—		—		316
Weighted average units outstanding – diluted		277,612			278,010		277,759		278,351
Basic net (loss) income per AllianceBernstein Unit	$	(0.16	)	$	0.32	$	0.42	$	1.22
Diluted net (loss) income per AllianceBernstein Unit	$	(0.16	)	$	0.32	$	0.42	$	1.21

During the third quarter of 2012, we incurred a net loss of $44.2 million, primarily as a result of a pre-tax real estate charge of $168.1 million recorded in the third quarter of 2012 in regard to our global office space consolidation plan (see Note 3, Real Estate Charges).

For the three months and nine months ended September 30, 2012, we excluded 9,032,095 options from the diluted net (loss) income per unit computation due to their anti-dilutive effect. For the three months and nine months ended September 30, 2011, we excluded 9,590,691 and 4,307,713 options, respectively, from the diluted net (loss) income per unit computation due to their anti-dilutive effect.