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Quarterly Data (Unaudited) | 12 Months Ended
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Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Data (Unaudited) | Quarterly Data (Unaudited) The tables below set forth selected quarterly information for the years ended December 31, 2015 and 2014 (in thousands, except per share data). Certain of the amounts below have been reclassified to conform to the current period presentation of our consolidated financial statements.
| For the Year Ended December 31, 2015 |  | For the Year Ended December 31, 2014
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter |  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
COPT and Subsidiaries |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues | $ | 161,034 |  |  | $ | 170,363 |  |  | $ | 150,744 |  |  | $ | 143,325 |  |  | $ | 146,667 |  |  | $ | 139,820 |  |  | $ | 153,015 |  |  | $ | 146,971 |
Operating income | $ | 30,575 |  |  | $ | 37,471 |  |  | $ | 31,993 |  |  | $ | 20,055 |  |  | $ | 25,206 |  |  | $ | 31,836 |  |  | $ | 37,422 |  |  | $ | 37,148 |
Income from continuing operations | $ | 10,987 |  |  | $ | 16,839 |  |  | $ | 94,279 |  |  | $ | (1,430 | ) |  | $ | 5,660 |  |  | $ | 9,248 |  |  | $ | 13,727 |  |  | $ | 5,874 |
Discontinued operations | $ | (238 | ) |  | $ | 394 |  |  | $ | — |  |  | $ | — |  |  | $ | 11 |  |  | $ | (198 | ) |  | $ | 191 |  |  | $ | 22 |
Net income | $ | 14,735 |  |  | $ | 17,232 |  |  | $ | 94,294 |  |  | $ | 62,617 |  |  | $ | 5,671 |  |  | $ | 9,050 |  |  | $ | 24,548 |  |  | $ | 5,937 |
Net income attributable to noncontrolling interests | (1,380 | ) |  | (1,451 | ) |  | (4,494 | ) |  | (3,253 | ) |  | (930 | ) |  | (1,160 | ) |  | (1,828 | ) |  | (1,033 | )
Net income attributable to COPT | 13,355 |  |  | 15,781 |  |  | 89,800 |  |  | 59,364 |  |  | 4,741 |  |  | 7,890 |  |  | 22,720 |  |  | 4,904 |
Preferred share dividends | (3,552 | ) |  | (3,553 | ) |  | (3,552 | ) |  | (3,553 | ) |  | (4,490 | ) |  | (4,344 | ) |  | (3,553 | ) |  | (3,552 | )
Issuance costs associated with redeemed preferred shares | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,769 | ) |  | — |  |  | — |
Net income attributable to COPT common shareholders | $ | 9,803 |  |  | $ | 12,228 |  |  | $ | 86,248 |  |  | $ | 55,811 |  |  | $ | 251 |  |  | $ | 1,777 |  |  | $ | 19,167 |  |  | $ | 1,352 |
Basic earnings per common share | $ | 0.10 |  |  | $ | 0.13 |  |  | $ | 0.91 |  |  | $ | 0.59 |  |  | $ | 0.00 |  |  | $ | 0.02 |  |  | $ | 0.22 |  |  | $ | 0.01 |
Diluted earnings per common share | $ | 0.10 |  |  | $ | 0.13 |  |  | $ | 0.91 |  |  | $ | 0.59 |  |  | $ | 0.00 |  |  | $ | 0.02 |  |  | $ | 0.22 |  |  | $ | 0.01 |
COPLP and Subsidiaries |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues | $ | 161,034 |  |  | $ | 170,363 |  |  | $ | 150,744 |  |  | $ | 143,325 |  |  | $ | 146,667 |  |  | $ | 139,820 |  |  | $ | 153,015 |  |  | $ | 146,971 |
Operating income | $ | 30,575 |  |  | $ | 37,471 |  |  | $ | 31,993 |  |  | $ | 20,055 |  |  | $ | 25,206 |  |  | $ | 31,836 |  |  | $ | 37,422 |  |  | $ | 37,148 |
Income from continuing operations | $ | 10,987 |  |  | $ | 16,839 |  |  | $ | 94,279 |  |  | $ | (1,430 | ) |  | $ | 5,660 |  |  | $ | 9,248 |  |  | $ | 13,727 |  |  | $ | 5,874 |
Discontinued operations | $ | (238 | ) |  | $ | 394 |  |  | $ | — |  |  | $ | — |  |  | $ | 11 |  |  | $ | (198 | ) |  | $ | 191 |  |  | $ | 22 |
Net income | $ | 14,735 |  |  | $ | 17,232 |  |  | $ | 94,294 |  |  | $ | 62,617 |  |  | $ | 5,671 |  |  | $ | 9,050 |  |  | $ | 24,548 |  |  | $ | 5,937 |
Net income attributable to noncontrolling interests | (818 | ) |  | (812 | ) |  | (972 | ) |  | (918 | ) |  | (737 | ) |  | (837 | ) |  | (897 | ) |  | (805 | )
Net income attributable to COPLP | 13,917 |  |  | 16,420 |  |  | 93,322 |  |  | 61,699 |  |  | 4,934 |  |  | 8,213 |  |  | 23,651 |  |  | 5,132 |
Preferred unit distributions | (3,717 | ) |  | (3,718 | ) |  | (3,717 | ) |  | (3,718 | ) |  | (4,655 | ) |  | (4,509 | ) |  | (3,718 | ) |  | (3,717 | )
Issuance costs associated with redeemed preferred units | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,769 | ) |  | — |  |  | — |
Net income attributable to COPLP common unitholders | $ | 10,200 |  |  | $ | 12,702 |  |  | $ | 89,605 |  |  | $ | 57,981 |  |  | $ | 279 |  |  | $ | 1,935 |  |  | $ | 19,933 |  |  | $ | 1,415 |
Basic earnings per common unit | $ | 0.10 |  |  | $ | 0.13 |  |  | $ | 0.91 |  |  | $ | 0.59 |  |  | $ | 0.00 |  |  | $ | 0.02 |  |  | $ | 0.22 |  |  | $ | 0.01 |
Diluted earnings per common unit | $ | 0.10 |  |  | $ | 0.13 |  |  | $ | 0.91 |  |  | $ | 0.59 |  |  | $ | 0.00 |  |  | $ | 0.02 |  |  | $ | 0.22 |  |  | $ | 0.01 |

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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