| 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):
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For the Three Months Ended September 30, |
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For the Nine Months Ended September 30, |
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2020 |
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2019 |
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2020 |
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2019 |
| Numerator: |
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| Net (loss) income attributable to COPT |
$ |
(31,845) |
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$ |
21,257 |
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$ |
15,706 |
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$ |
148,907 |
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| Income attributable to share-based compensation awards |
(145) |
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(123) |
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(365) |
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(495) |
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| Numerator for basic EPS on net (loss) income attributable to COPT common shareholders |
(31,990) |
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|
21,134 |
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15,341 |
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148,412 |
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Redeemable noncontrolling interests |
— |
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— |
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— |
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100 |
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Income attributable to share-based compensation awards |
— |
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|
5 |
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6 |
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26 |
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| Numerator for diluted EPS on net (loss) income attributable to COPT common shareholders |
$ |
(31,990) |
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$ |
21,139 |
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$ |
15,347 |
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$ |
148,538 |
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| Denominator (all weighted averages): |
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| Denominator for basic EPS (common shares) |
111,811 |
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111,582 |
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111,778 |
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111,036 |
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Dilutive effect of redeemable noncontrolling interests |
— |
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— |
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— |
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|
123 |
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Dilutive effect of share-based compensation awards |
— |
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|
361 |
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|
278 |
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|
313 |
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| Denominator for diluted EPS (common shares) |
111,811 |
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111,943 |
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112,056 |
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111,472 |
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| Basic EPS |
$ |
(0.29) |
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$ |
0.19 |
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$ |
0.14 |
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$ |
1.34 |
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| Diluted EPS |
$ |
(0.29) |
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$ |
0.19 |
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$ |
0.14 |
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$ |
1.33 |
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Summaries of the numerator and denominator for purposes of basic and diluted EPU calculations are set forth below (in thousands, except per unit data):
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For the Three Months Ended September 30, |
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For the Nine Months Ended September 30, |
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2020 |
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2019 |
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2020 |
|
2019 |
| Numerator: |
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| Net (loss) income attributable to COPLP |
$ |
(32,154) |
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$ |
21,681 |
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$ |
16,122 |
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$ |
151,257 |
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| Preferred unit distributions |
(77) |
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(157) |
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(231) |
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(487) |
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| Income attributable to share-based compensation awards |
(119) |
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(139) |
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(374) |
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(592) |
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| Numerator for basic EPU on net (loss) income attributable to COPLP common unitholders |
(32,350) |
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|
21,385 |
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15,517 |
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|
150,178 |
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| Redeemable noncontrolling interests |
— |
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— |
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— |
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|
100 |
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|
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Income attributable to share-based compensation awards |
— |
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|
5 |
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— |
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|
26 |
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| Numerator for diluted EPU on net (loss) income attributable to COPLP common unitholders |
$ |
(32,350) |
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$ |
21,390 |
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$ |
15,517 |
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$ |
150,304 |
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| Denominator (all weighted averages): |
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| Denominator for basic EPU (common units) |
113,051 |
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|
112,894 |
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113,013 |
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112,359 |
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Dilutive effect of redeemable noncontrolling interests |
— |
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— |
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— |
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|
123 |
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Dilutive effect of share-based compensation awards |
— |
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|
361 |
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|
278 |
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|
313 |
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| Denominator for diluted EPU (common units) |
113,051 |
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113,255 |
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113,291 |
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|
112,795 |
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| Basic EPU |
$ |
(0.29) |
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$ |
0.19 |
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$ |
0.14 |
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$ |
1.34 |
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| Diluted EPU |
$ |
(0.29) |
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$ |
0.19 |
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$ |
0.14 |
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$ |
1.33 |
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| 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):
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Weighted Average Shares Excluded from Denominator |
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For the Three Months Ended September 30, |
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For the Nine Months Ended September 30, |
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2020 |
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2019 |
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2020 |
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2019 |
| Conversion of common units |
1,240 |
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1,312 |
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1,235 |
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1,323 |
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| Conversion of redeemable noncontrolling interests |
973 |
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|
975 |
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|
954 |
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|
893 |
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| Conversion of Series I preferred units |
176 |
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|
176 |
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|
176 |
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|
176 |
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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):
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Weighted Average Shares Excluded from Denominator |
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For the Three Months Ended September 30, |
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For the Nine Months Ended September 30, |
| |
2020 |
|
2019 |
|
2020 |
|
2019 |
Conversion of redeemable noncontrolling interests |
973 |
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|
975 |
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|
954 |
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|
893 |
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| Conversion of Series I preferred units |
176 |
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|
176 |
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|
176 |
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176 |
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