<p><?php printf(__('Logged in as <a href="%1$s">%2$s</a>. <a href="%3$s" title="Log out of this account">Log out »</a>'), get_edit_user_link(), $user_identity, wp_logout_url(get_permalink())); ?></p>
<?php else : ?>
<p>
<p><?php printf(__('Logged in as <a href="%1$s">%2$s</a>. <a href="%3$s" title="Log out of this account">Log out »</a>'), get_edit_user_link(), $user_identity, wp_logout_url(get_permalink())); ?></p>
<?php else : ?>
<p>