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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Basic and Diluted Income (Loss) per Unit
The following table shows the calculation of basic and diluted income per unit:

 
Quarter Ended 
 June 30,
 
Six Months Ended 
 June 30,
(in thousands, except per unit amounts)
2015
 
2014
 
2015
 
2014
Net income attributable to Pope Resources' unitholders
$
289

 
$
1,846

 
$
8,098

 
$
14,087

Less:
 

 
 

 
 

 
 

Net income attributable to unvested restricted unitholders
(25
)
 
(30
)
 
(37
)
 
(175
)
Preferred share dividends - ORM Timber Funds
(8
)
 
(8
)
 
(16
)
 
(16
)
Net income for calculation of EPS
$
256

 
$
1,808

 
$
8,045

 
$
13,896

 
 
 
 
 
 
 
 
Basic and diluted weighted average units outstanding
4,298

 
4,391

 
4,296

 
4,389

 
 
 
 
 
 
 
 
Basic and diluted earnings per unit
$
0.06

 
$
0.41

 
$
1.87

 
$
3.17