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Earnings Per Share (Tables)
 9 Months Ended
Sep. 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 
 September 30,
 
Nine Months Ended 
 September 30,
(in thousands, except per unit amounts)
2015
 
2014
 
2015
 
2014
Net income attributable to Pope Resources' unitholders
$
615

 
$
1,500

 
$
8,713

 
$
15,587

Less:
 

 
 

 
 

 
 

Net income attributable to unvested restricted unitholders
(27
)
 
(23
)
 
(55
)
 
(168
)
Preferred share dividends - ORM Timber Funds
(8
)
 
(8
)
 
(23
)
 
(23
)
Net income for calculation of earnings per unit
$
580

 
$
1,469

 
$
8,635

 
$
15,396

 
 
 
 
 
 
 
 
Basic and diluted weighted average units outstanding
4,298

 
4,350

 
4,297

 
4,376

 
 
 
 
 
 
 
 
Basic and diluted earnings per unit
$
0.13

 
$
0.34

 
$
2.01

 
$
3.52