Earnings per Common Partnership Unit

The following tables detail the number of units and net income used to calculate basic and diluted earnings per common partnership unit (in thousands, except unit and per unit amounts; results may not add due to rounding):



	Three-month periods ended September 30,
	2014						2013
	Basic			Diluted			Basic			Diluted
Numerator
Income from continuing operations	$	8,885		$	8,885		$	11,147		$	11,147
Nonforfeitable dividends allocated to unvested restricted unitholders	(82		)	(82		)	(85		)	(85		)
Preferred unit dividends	(1,725		)	(1,725		)	(1,725		)	(1,725		)
Net income attributable to non-controlling interests	(24		)	(24		)	—			—
Income from continuing operations available to common unitholders	7,054			7,054			9,337			9,337
Discontinued operations attributable to common unitholders	(3		)	(3		)	(59		)	(59		)
Net income attributable to common unitholders	$	7,051		$	7,051		$	9,278		$	9,278
Denominator
Weighted-average units outstanding	173,341,782			173,341,782			158,467,087			158,467,087
Contingent securities/Share based compensation	—			1,587,148			—			1,288,734
Total weighted-average units outstanding	173,341,782			174,928,930			158,467,087			159,755,821
Earnings per Common Partnership Unit:
Income from continuing operations attributable to common unitholders	$	0.04		$	0.04		$	0.06		$	0.06
Discontinued operations attributable to common unitholders	—			—			—			—
Net income attributable to common unitholders	$	0.04		$	0.04		$	0.06		$	0.06




	Nine-month periods ended September 30,
	2014						2013
	Basic			Diluted			Basic			Diluted
Numerator
Income from continuing operations	$	7,893		$	7,893		$	18,212		$	18,212
Amount allocable to unvested restricted unitholders	(268		)	(268		)	(278		)	(278		)
Preferred unit dividends	(5,175		)	(5,175		)	(5,175		)	(5,175		)
Net income attributable to non-controlling interests	(12		)	(12		)	—			—
Income from continuing operations available to common unitholders	2,438			2,438			12,759			12,759
Discontinued operations attributable to common unitholders	918			918			3,975			3,975
Net income attributable to common unitholders	$	3,356		$	3,356		$	16,734		$	16,734
Denominator
Weighted-average units outstanding	163,620,963			163,620,963			153,731,070			153,731,070
Contingent securities/Share based compensation	—			1,487,015			—			1,209,384
Total weighted-average units outstanding	163,620,963			165,107,978			153,731,070			154,940,454
Earnings per Common Partnership Unit:
Income from continuing operations attributable to common unitholders	$	0.01		$	0.01		$	0.08		$	0.08
Discontinued operations attributable to common unitholders	0.01			0.01			0.03			0.03
Net income attributable to common unitholders	$	0.02		$	0.02		$	0.11		$	0.11