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SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Tables)
12 Months Ended
Dec. 31, 2013
Schedule of Selected Quarterly Financial Information

Selected quarterly financial information for each of the quarters in the years ended December 31, 2013 and 2012 is as follows (in thousands, except per share data):

 

     March 31,
2013
    June 30,
2013
    September 30,
2013
    December 31,
2013
 

Revenue (1)

   $ 416,723      $ 425,005      $ 421,466      $ 431,103   

Operating income (1)

     59,892        67,969        67,271        56,019   

Loss from discontinued operations, net of taxes (1)

     (355     (2,739     (663     —     

Net income (1)

     181,092        20,429        51,843        47,471   

Basic earnings per share:

        

Net income (2)

   $ 1.81      $ 0.19      $ 0.45      $ 0.41   

Diluted earnings per share:

        

Net income (2)

   $ 1.78      $ 0.19      $ 0.44      $ 0.41   

 

     March 31,
2012
    June 30,
2012
    September 30,
2012
     December 31,
2012
 

Revenue (1)

   $ 426,356      $ 433,897      $ 435,727       $ 427,677   

Operating income (1)

     69,451        75,125        79,733         80,299   

(Loss) income from discontinued operations, net of taxes (1)

     (304     (150     99         150   

Net income

     31,680        37,334        42,339         45,408   

Basic earnings per share:

         

Net income

   $ 0.32      $ 0.37      $ 0.42       $ 0.46   

Diluted earnings per share:

         

Net income

   $ 0.32      $ 0.37      $ 0.42       $ 0.45   

 

(1)  The amounts presented for the first two quarters of 2013 and the four quarters of 2012 are not equal to the same amounts previously reported in the respective reports on Form 10-Q and Form 10-K for each period as a result of discontinued operations. Below is a reconciliation to the previously reported amounts in Form 10-Q.
(2)  The earnings per share amounts in the first quarter of 2013 were favorably impacted by the net tax benefit resulting from the revaluation of certain deferred tax assets and liabilities associated with the REIT conversion effective January 1, 2013. Additionally, the earnings per share amounts in the second quarter of 2013 were negatively impacted by $36.3 million of expenses associated with debt refinancing transactions.

 

     March 31,
2013
    June 30,
2013
 

Total revenue previously reported

   $ 425,724      $ 433,981   

Discontinued operations

     (9,001     (8,976
  

 

 

   

 

 

 

Revised total revenue

   $ 416,723      $ 425,005   
  

 

 

   

 

 

 

Operating income previously reported

   $ 59,332      $ 63,610   

Discontinued operations

     560        4,359   
  

 

 

   

 

 

 

Revised operating income

   $ 59,892      $ 67,969   
  

 

 

   

 

 

 

Income from discontinued operations, net of taxes, previously reported

   $ —        $ —     

Discontinued operations subsequent to the respective reporting period

     (355     (2,739
  

 

 

   

 

 

 

Revised loss from discontinued operations, net of taxes

   $ (355   $ (2,739
  

 

 

   

 

 

 

 

     March 31,
2012
    June 30,
2012
    September 30,
2012
    December 31,
2012
 

Total revenue previously reported

   $ 435,305      $ 442,866      $ 444,853      $ 436,861   

Discontinued operations

     (8,949     (8,969     (9,126     (9,184
  

 

 

   

 

 

   

 

 

   

 

 

 

Revised total revenue

   $ 426,356      $ 433,897      $ 435,727      $ 427,677   
  

 

 

   

 

 

   

 

 

   

 

 

 

Operating income previously reported

   $ 69,544      $ 74,885      $ 79,888      $ 80,516   

Discontinued operations

     (93     240        (155     (217
  

 

 

   

 

 

   

 

 

   

 

 

 

Revised operating income

   $ 69,451      $ 75,125      $ 79,733      $ 80,299   
  

 

 

   

 

 

   

 

 

   

 

 

 

Income from discontinued operations, net of taxes, previously reported

   $ (362   $ —        $ —        $ —     

Discontinued operations subsequent to the respective reporting period

     58        (150     99        150   
  

 

 

   

 

 

   

 

 

   

 

 

 

Revised loss from discontinued operations, net of taxes

   $ (304   $ (150   $ 99      $ 150