Below is a summary of the components used to calculate basic and diluted earnings per share (in thousands, except per share):

	2012			2011
Numerator:
Income (loss) from continuing operations	$	(3,627	)	$	(5,106	)
Less: Preferred dividends		4,625			411
Allocation to participating securities		37			-
Attributable to noncontrolling interest		(1,429	)		(1,491	)
Income (loss) attributable to common shareholders
from continuing operations		(6,860	)		(4,026	)
Income (loss) attributable to common shareholders
from discontinued operations		1,122			678

Net income (loss) attributable to common shareholders	$	(5,738	)	$	(3,348	)

Denominator:
Weighted average common shares outstanding - basic		33,717			27,278
Dilutive effect of equity-based compensation awards		132			-

Weighted average common shares outstanding - diluted		33,849			27,278

Earnings per common share - basic and diluted:
Net income (loss) attributable to common shareholders
from continuing operations	$	(0.20	)	$	(0.15	)
Net income (loss) attributable to common shareholders
from discontinued operations		0.03			0.03

Net income (loss) attributable to common shareholders	$	(0.17	)	$	(0.12	)

Summit Hotel OP, LP

Below is a summary of the components used to calculate basic and diluted earnings per unit (in thousands, except per unit):

	2012			2011
Numerator:
Income (loss) from continuing operations	$	(3,627	)	$	(5,106	)
Less preferred dividends		4,625			411
Income (loss) attributable to common unitholders
from continuing operations		(8,252	)		(5,517	)
Income (loss) attributable to common unitholders
from discontinued operations		1,357			929

Net income (loss) attributable to common unitholders	$	(6,895	)	$	(4,588	)

Denominator:
Weighted average common units outstanding - basic		40,780			37,378
Dilutive effect of equity-based compensation awards		132			-

Weighted average common units outstanding - diluted		40,912			37,378

Earnings per common unit - basic and diluted:
Net income (loss) attributable to common unitholders
from continuing operations	$	(0.20	)	$	(0.15	)
Net income (loss) attributable to common unitholders
from discontinued operations		0.03			0.03

Net income (loss) attributable to common unitholders	$	(0.17	)	$	(0.12	)