Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share ("EPS") and Earnings Per Unit ("EPU") (Tables)

v3.7.0.1
Earnings Per Share ("EPS") and Earnings Per Unit ("EPU") (Tables)
 3 Months Ended
Mar. 31, 2017
Earnings Per Share [Line Items]  
Summary of calculation of numerator and denominator in basic and diluted earnings per share
Summaries of the numerator and denominator for purposes of basic and diluted EPS calculations are set forth below (in thousands, except per share data):
 
For the Three Months Ended March 31,
 
2017
 
2016
Numerator:
 
 
 
Net income attributable to COPT
$
21,355

 
$
6,826

Preferred share dividends
(3,180
)
 
(3,552
)
Income attributable to share-based compensation awards
(125
)
 
(118
)
Numerator for basic and diluted EPS on net income attributable to COPT common shareholders
$
18,050

 
$
3,156

Denominator (all weighted averages):
 
 
 
Denominator for basic EPS (common shares)
98,411

 
94,203

Dilutive effect of share-based compensation awards
155

 
95

Denominator for diluted EPS (common shares)
98,566

 
94,298

Basic EPS:
 
 
 
Net income attributable to COPT common shareholders
$
0.18

 
$
0.03

Diluted EPS:
 
 
 
Net income attributable to COPT common shareholders
$
0.18

 
$
0.03

Schedule of securities excluded from computation of diluted earnings per share
Our diluted EPS computations do not include the effects of the following securities since the conversions of such securities would increase diluted EPS for the respective periods (in thousands):
 
Weighted Average Shares Excluded from Denominator
 
For the Three Months Ended March 31,
 
2017
 
2016
Conversion of common units
3,446

 
3,677

Conversion of Series I Preferred Units
176

 
176

Conversion of Series K Preferred Shares
—

 
434

Corporate Office Properties, L.P.  
Earnings Per Share [Line Items]  
Summary of calculation of numerator and denominator in basic and diluted earnings per share
Summaries of the numerator and denominator for purposes of basic and diluted EPU calculations are set forth below (in thousands, except per unit data):
 
For the Three Months Ended March 31,
 
2017
 
2016
Numerator:
 
 
 
Net income attributable to COPLP common unitholders
$
22,154

 
$
7,117

Preferred unit distributions
(3,345
)
 
(3,717
)
Income attributable to share-based compensation awards
(125
)
 
(118
)
Numerator for basic and diluted EPU on net income attributable to COPLP common unitholders
$
18,684

 
$
3,282

Denominator (all weighted averages):
 
 
 
Denominator for basic EPU (common units)
101,857

 
97,880

Dilutive effect of share-based compensation awards
155

 
95

Denominator for diluted EPU (common units)
102,012

 
97,975

Basic EPU:
 
 
 
Net income attributable to COPLP common unitholders
$
0.18

 
$
0.03

Diluted EPU:
 
 
 
Net income attributable to COPLP common unitholders
$
0.18

 
$
0.03

Schedule of securities excluded from computation of diluted earnings per share
Our diluted EPU computations do not include the effects of the following securities since the conversions of such securities would increase diluted EPU for the respective periods (in thousands):
 
Weighted Average Units Excluded from Denominator
 
For the Three Months Ended March 31,
 
2017
 
2016
Conversion of Series I preferred units
176

 
176

Conversion of Series K preferred units
—

 
434