QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2016

QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

Schedule of quarterly financial information

	2016
	First		Second		Third		Fourth
(In thousands, except share amounts)	Quarter		Quarter		Quarter		Quarter
Total revenues	$	240,680	$	273,514	$	242,265	$	278,546
Operating income		192,970		73,636		784		59,372
Net income (a)		143,765		6,970		7,996		43,595
Net income (loss) attributable to common stockholders		143,765		6,970		7,973		43,595
Earnings (loss) per share:
Basic		3.64		0.18		0.20		1.10
Diluted (b)		2.69		0.16		0.19		1.02
Weighted average shares outstanding:
Basic		39,473		39,492		39,502		39,502
Diluted		42,400		42,664		42,760		42,753

	2015
	First		Second		Third		Fourth
(In thousands, except share amounts)	Quarter		Quarter		Quarter		Quarter
Total revenues	$	155,090	$	209,163	$	203,442	$	229,393
Operating income		16,457		25,572		36,544		40,191
Net income (loss)		(105,959)		50,585		156,212		25,881
Net income (loss) attributable to common stockholders		(105,959)		50,573		156,224		25,881
Earnings (loss) per share:
Basic		(2.68)		1.28		3.96		0.65
Diluted (b)		(2.68)		0.18		0.76		0.59
Weighted average shares outstanding:
Basic		39,465		39,468		39,473		39,473
Diluted		39,465		43,197		42,913		42,743

a) The fourth quarter 2016 included an after-tax adjustment to recognize $3.2 million in Equity in Earnings in Real Estate and Other Affiliates that relates to previous quarters in 2016.  

Diluted earnings per share includes the impact of warrants, in the money options and restricted stock. Net income used in the calculation of EPS was also adjusted for the warrant gain during the period, where applicable.