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STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues:        
Rental $ 62,744 $ 45,448 $ 164,270 $ 127,993
Recoveries from customers 6,158 6,131 17,404 13,674
Cloud and managed services 18,573 5,242 32,588 14,443
Other 1,415 1,124 4,131 2,116
Total revenues 88,890 57,945 218,393 158,226
Operating Expenses:        
Property operating costs 30,925 20,369 72,292 53,121
Real estate taxes and insurance 1,462 1,377 4,421 3,713
Depreciation and amortization 24,486 15,210 58,791 42,274
General and administrative 19,440 11,045 47,893 33,296
Restructuring   226   1,272
Transaction and integration costs 1,482 (195) 6,256 958
Total operating expenses 77,795 48,032 189,653 134,634
Operating income 11,095 9,913 28,740 23,592
Other income and expenses:        
Interest income 1   2 8
Interest expense (5,418) (5,410) (15,559) (9,683)
Other (expense) income, net   (470) (83) (580)
Income before taxes 5,678 4,033 13,100 13,337
Tax benefit (expense) of taxable REIT subsidiaries 2,560 (27) 5,695 (82)
Net income 8,238 4,006 18,795 13,255
Net income attributable to noncontrolling interests (1,229) (849) (3,072) (2,810)
Net income attributable to Parent $ 7,009 $ 3,157 $ 15,723 $ 10,445
Net income per share attributable to common shares:        
Basic $ 0.17 $ 0.11 $ 0.43 $ 0.36
Diluted $ 0.17 $ 0.11 $ 0.43 $ 0.36
Weighted average common shares outstanding:        
Basic 40,994,387 29,016,774 36,354,738 29,006,620
Diluted 48,733,417 37,251,769 44,181,583 37,039,603
Qualitytech, LP [Member]        
Revenues:        
Rental $ 62,744 $ 45,448 $ 164,270 $ 127,993
Recoveries from customers 6,158 6,131 17,404 13,674
Cloud and managed services 18,573 5,242 32,588 14,443
Other 1,415 1,124 4,131 2,116
Total revenues 88,890 57,945 218,393 158,226
Operating Expenses:        
Property operating costs 30,925 20,369 72,292 53,121
Real estate taxes and insurance 1,462 1,377 4,421 3,713
Depreciation and amortization 24,486 15,210 58,791 42,274
General and administrative 19,440 11,045 47,893 33,296
Restructuring   226   1,272
Transaction and integration costs 1,482 (195) 6,256 958
Total operating expenses 77,795 48,032 189,653 134,634
Operating income 11,095 9,913 28,740 23,592
Other income and expenses:        
Interest income 1   2 8
Interest expense (5,418) (5,410) (15,559) (9,683)
Other (expense) income, net   (470) (83) (580)
Income before taxes 5,678 4,033 13,100 13,337
Tax benefit (expense) of taxable REIT subsidiaries 2,560 (27) 5,695 (82)
Net income $ 8,238 $ 4,006 $ 18,795 $ 13,255