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INCOME (Loss) Per Common UNIT
6 Months Ended
Jun. 30, 2012
INCOME (Loss) Per Common UNIT

NOTE C – INCOME (Loss) Per Common UNIT

 

Net (loss) per Common Unit is computed on the weighted average number of Common Units outstanding in accordance with ASC 260. During periods in which Central incurs losses, giving effect to common unit equivalents is not included in the computation as it would be antidilutive. The following tables present reconciliations from net (loss) per Common Unit to net (loss) per Common Unit assuming dilution (see Note G – Unit Options):

 

 

 

    For the three months ended June 30, 2011  
    (Loss)
(Numerator)
    Units
(Denominator)
    Per-Unit
Amount
 
                   
Net (loss) available to the Common Units   $ (577,000 )                
Basic EPS                        
Net (loss) available to the Common Units     (577,000 )     15,866,482     $ (0.04 )
Effect of Dilutive Securities                        
Options     —       —          
Diluted EPS                        
Net (loss) available to the Common Units     N/A       N/A       N/A  

 

    For the three months ended June 30, 2012  
    (Loss)
(Numerator)
    Units
(Denominator)
    Per-Unit
Amount
 
                   
Net (loss) available to the Common Units   $ (270,000 )                
Basic EPS                        
Net (loss) available to the Common Units     (270,000 )     15,866,482     $ (0.02 )
Effect of Dilutive Securities                        
Options     —       —          
Diluted EPS                        
Net (loss) available to the Common Units     N/A       N/A       N/A  

 

    For the six months ended June 30, 2011  
    (Loss)
(Numerator)
    Units
(Denominator)
    Per-Unit
Amount
 
                   
Net (loss) available to the Common Units   $ (819,000 )                
Basic EPS                        
Net (loss) available to the Common Units     (819,000 )     15,866,482     $ (0.05 )
Effect of Dilutive Securities                        
Options     —       —          
Diluted EPS                        
Net (loss) available to the Common Units     N/A       N/A       N/A  

 

    For the six months ended June 30, 2012  
    (Loss)
(Numerator)
    Units
(Denominator)
    Per-Unit
Amount
 
                   
Net (loss) available to the Common Units   $ (708,000 )                
Basic EPS                        
Net (loss) available to the Common Units     (708,000 )     15,866,482     $ (0.04 )
Effect of Dilutive Securities                        
Options     —       —          
Diluted EPS                        
Net (loss) available to the Common Units     N/A       N/A       N/A