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Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2020
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)
2020
 
2019
Net and comprehensive income (loss) attributable to Pope Resources’ unitholders
$
(3,941
)
 
$
3,311

Less:
 

 
 

Non-forfeitable distributions paid to unvested restricted unitholders
(35
)
 
(38
)
Preferred share dividends - ORM Timber Funds
(12
)
 
(12
)
Net and comprehensive income (loss) for calculation of earnings per unit
$
(3,988
)
 
$
3,261

 
 
 
 
Basic and diluted weighted average units outstanding
4,330

 
4,325

 
 
 
 
Basic and diluted net earnings (loss) per unit
$
(0.92
)
 
$
0.75