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Quarterly Results (unaudited)
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results (unaudited) Quarterly Results (unaudited)

A summary of the unaudited quarterly financial information for the years ended December 31, 2018 and 2017, is presented below (in thousands, except per-share data):
 
2018
 
First
 
Second
 
Third
 
Fourth
Revenues
$
129,900

 
$
129,174

 
$
129,708

 
$
137,185

Gain/(loss) on sale of real estate assets
$
45,209

 
$
(23
)
 
$
—

 
$
30,505

Net income
$
57,828

 
$
10,940

 
$
16,114

 
$
45,409

Net income applicable to Piedmont
$
57,830

 
$
10,942

 
$
16,114

 
$
45,410

Basic earnings per share
$
0.43

 
$
0.09

 
$
0.13

 
$
0.35

Diluted earnings per share
$
0.42

 
$
0.09

 
$
0.13

 
$
0.35

Dividends declared per share
$
0.21

 
$
0.21

 
$
0.21

 
$
0.21


 
2017
 
 
First
 
Second
 
Third
 
Fourth
 
Revenues
$
148,463

 
$
148,679

 
$
137,587

 
$
139,444

 
Gain/(loss) on sale of real estate assets
$
(53
)
 
$
6,492

 
$
109,512

 
$
(77
)
 
Net income/(loss)
$
15,101

 
$
23,707

 
$
126,129

 
$
(31,388
)
 
Net income/(loss) applicable to Piedmont
$
15,104

 
$
23,710

 
$
126,133

 
$
(31,383
)
 
Basic and diluted earnings/(loss) per share
$
0.10

 
$
0.16

 
$
0.87

 
$
(0.21
)
 
Dividends declared per share
$
0.21

 
$
0.21

 
$
0.21

 
$
0.71

(1) 


(1) 
On December 13, 2017, Piedmont's board of directors declared a special dividend of $0.50 per share.