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NET INCOME (LOSS) PER COMMON UNIT
 9 Months Ended
Sep. 30, 2015
NET INCOME (LOSS) PER COMMON UNIT
14. NET INCOME (LOSS) PER COMMON UNIT

Basic and diluted net income (loss) per common unit for the three and nine months ended September 30, 2015 and September 30, 2014 was calculated as follows:

 

     Three Months Ended September 30,      Nine Months Ended September 30,  
     2015     2014      2015      2014  

Net Income (Loss) Attributable to The

           

Blackstone Group L.P.

    $ (254,697 )    $ 250,505       $ 508,919       $ 1,033,138   
  

 

 

    

 

 

     

 

 

     

 

 

  

Basic Net Income (Loss) Per Common Unit

           

Weighted-Average Common Units Outstanding

      638,832,799        611,684,213         632,046,646         606,671,289   
  

 

 

    

 

 

     

 

 

     

 

 

  

Basic Net Income (Loss) Per Common Unit

    $ (0.40 )    $ 0.41       $ 0.81       $ 1.70   
  

 

 

    

 

 

     

 

 

     

 

 

  

Diluted Net Income (Loss) Per Common Unit

           

Weighted-Average Common Units Outstanding

      638,832,799        611,684,213         632,046,646         606,671,289   

Weighted-Average Unvested Deferred Restricted Common Units

      —          3,294,657         3,393,182         3,550,012   
  

 

 

    

 

 

     

 

 

     

 

 

  

Weighted-Average Diluted Common Units Outstanding

      638,832,799        614,978,870         635,439,828         610,221,301   
  

 

 

    

 

 

     

 

 

     

 

 

  

Diluted Net Income (Loss) Per Common Unit

    $ (0.40 )    $ 0.41       $ 0.80       $ 1.69   
  

 

 

    

 

 

     

 

 

     

 

 

  

The following table summarizes the anti-dilutive securities for the periods indicated:

 

     Three Months Ended September 30,     Nine Months Ended September 30,  
             2015                      2014                     2015                     2014          

Weighted-Average Unvested Deferred Restricted Common Units

      1,913,028         (a)        (a)        (a)   

Weighted-Average Blackstone Holdings Partnership Units

      550,983,910         539,856,777        551,860,289        544,426,162   

 

(a) These units were dilutive and were included in the diluted per common unit calculation for the applicable period.

Unit Repurchase Program

In January 2008, Blackstone announced that the Board of Directors of its general partner, Blackstone Group Management L.L.C., had authorized the repurchase by Blackstone of up to $500 million of Blackstone common units and Blackstone Holdings Partnership Units. Under this unit repurchase program, units may be repurchased from time to time in open market transactions, in privately negotiated transactions or otherwise. The timing and the actual number of Blackstone common units and Blackstone Holdings Partnership Units repurchased will depend on a variety of factors, including legal requirements, price and economic and market conditions. This unit repurchase program may be suspended or discontinued at any time and does not have a specified expiration date.

 

During the nine months ended September 30, 2015 and 2014, no units were repurchased. As of September 30, 2015, the amount remaining available for repurchases under this program was $335.8 million.