NET (LOSS) INCOME PER COMMON UNIT

The following data was used in computing net (loss) income per common unit shown in the Company's consolidated statements of operations:



	Three Months Ended March 31,
	2020			2019
Net (loss) income from continuing operations	$	(36,459	)	$	19,762
Net (income) loss attributable to noncontrolling interests in consolidated entities (continuing operations)	(130		)	56
Net (loss) income from continuing operations attributable to common unitholders	(36,589		)	19,818
Net loss from discontinued operations attributable to common unitholders	(25,148		)	(4,140		)
Net (loss) income attributable to common unitholders	(61,737		)	15,678
Effect of dilutive securities:
Interest expense from SPLP Preferred Units ^{(a), (b)}	—			2,973
Net (loss) income attributable to common unitholders – assuming dilution	$	(61,737	)	$	18,651
Net (loss) income per common unit – basic
Net (loss) income from continuing operations	$	(1.46	)	$	0.80
Net loss from discontinued operations	(1.01		)	(0.17		)
Net (loss) income attributable to common unitholders	$	(2.47	)	$	0.63
Net (loss) income per common unit – diluted
Net (loss) income attributable to common unitholders	$	(1.46	)	$	0.58
Net loss from discontinued operations	(1.01		)	(0.10		)
Net (loss) income attributable to common unitholders	$	(2.47	)	$	0.48
Denominator for net (loss) income per common unit – basic	25,020,854			24,846,653
Effect of dilutive securities:
Unvested restricted common units	—			379
SPLP Preferred Units^(a)	—			14,329,877
Denominator for net (loss) income per common unit – diluted ^{(a), (b)}	25,020,854			39,176,909


(a)	Assumes the SPLP Preferred Units were redeemed in common units as described in Note 12 - "Capital and Accumulated Other Comprehensive Loss."


(b)	For the three months ended March 31, 2020, the diluted per unit calculation does not include 32,104,497 of SPLP Preferred Units and 32,933 of unvested restricted common units, since the impact would have been anti-dilutive.