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Quarterly Results (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
Presented below is a summary of the unaudited quarterly financial information for years ended December 31, 2018 and 2017:
(In thousands, except share and per share data)
 
Quarters Ended
2018
 
March 31,
 
June 30,
 
September 30,
 
December 31, (1)
Total revenue
 
$
68,086

 
$
70,971

 
$
71,924

 
$
71,226

Net income (loss) attributable to common stockholders
 
$
2,361

 
$
5,288

 
$
177

 
$
(6,744
)
Adjustments to net income (loss) attributable to common stockholders for common share equivalents
 
(184
)
 
(26
)
 
(316
)
 
(163
)
Adjusted net income (loss) attributable to common stockholders
 
$
2,177

 
$
5,262

 
$
(139
)
 
$
(6,907
)
Basic weighted average shares outstanding
 
67,287,231

 
67,292,021

 
69,441,639

 
73,554,137

Diluted weighted average shares outstanding
 
67,287,231

 
67,292,021

 
69,441,639

 
74,001,250

Basic and diluted net income (loss) per share attributable to common stockholders
 
$
0.03

 
$
0.08

 
$

 
$
(0.09
)
 
 
 
 
 
 
 
 
 
(In thousands, except share and per share data)
 
Quarters Ended
2017
 
March 31,
 
June 30, (2)
 
September 30,
 
December 31,
Total revenue
 
$
62,837

 
$
64,986

 
$
64,870

 
$
66,602

Net income attributable to common stockholders
 
$
7,429

 
$
5,200

 
$
2,104

 
$
5,998

Adjustments to net income attributable to common stockholders for common share equivalents
 
(185
)
 
(185
)
 
(186
)
 
(186
)
Adjusted net income attributable to common stockholders
 
$
7,244

 
$
5,015

 
$
1,918

 
$
5,812

Basic and diluted weighted average shares outstanding
 
66,271,008

 
66,652,221

 
67,286,615

 
67,286,822

Basic and diluted net income per share attributable to common stockholders
 
$
0.11

 
$
0.08

 
$
0.03

 
$
0.09

_______________________
(1) 
During the three months ended December 31, 2018, the Company recorded (i) impairment charges and related lease intangible write-offs of lease intangibles of $5.0 million which are more fully discussed in Note 4 — Real Estate Investments, Net and (ii) a litigation reserve of $7.4 million related to the anticipated settlement of the litigation with the Former Service Provider, which is more fully discussed in Note 10 — Commitments and Contingencies.
(2) 
As discussed in Note 2Summary of Significant Accounting Policies, the Company reflected an out-of-period adjustment $0.5 million in the three months ended June 30, 2017 for additional rental income and unbilled straight-line rent.