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Earnings Per Share
 9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Earnings Per Unit
Basic and diluted earnings per unit are calculated by dividing net income attributable to unitholders, adjusted for non-forfeitable distributions paid out to unvested restricted unitholders and preferred shareholders of Fund II and Fund III, by the weighted average units outstanding during the period. There were no dilutive securities outstanding during the periods presented. The following table shows the calculation of basic and diluted earnings per unit:

 
Quarter Ended 
 September 30,
 
Nine Months Ended 
 September 30,
(in thousands, except per unit amounts)
2017
 
2016
 
2017
 
2016
Net and comprehensive income attributable to Pope Resources’ unitholders
$
1,658

 
$
1,970

 
$
5,186

 
$
1,371

Less:
 

 
 

 
 

 
 

Net and comprehensive income attributable to unvested restricted unitholders
(25
)
 
(25
)
 
(84
)
 
(74
)
Preferred share dividends - ORM Timber Funds
(8
)
 
(8
)
 
(23
)
 
(23
)
Net and comprehensive income for calculation of earnings per unit
$
1,625

 
$
1,937

 
$
5,079

 
$
1,274

 
 
 
 
 
 
 
 
Basic and diluted weighted average units outstanding
4,324

 
4,312

 
4,325

 
4,312

 
 
 
 
 
 
 
 
Basic and diluted earnings per unit
$
0.38

 
$
0.45

 
$
1.17

 
$
0.30