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Earnings Per Unit (Tables)
 3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Basic and Diluted Earnings per Unit
The following table shows the calculation of basic and diluted earnings per unit:

 
Quarter Ended 
 March 31,
(in thousands, except per unit amounts)
2018
 
2017
Net and comprehensive income attributable to Pope Resources’ unitholders
$
5,718

 
$
3,370

Less:
 

 
 

Non-forfeitable distributions paid to unvested restricted unitholders
(45
)
 
(23
)
Preferred share dividends - ORM Timber Funds
(8
)
 
(8
)
Net and comprehensive income for calculation of earnings per unit
$
5,665

 
$
3,339

 
 
 
 
Basic and diluted weighted average units outstanding
4,321

 
4,325

 
 
 
 
Basic and diluted net earnings per unit
$
1.31

 
$
0.77