XML 17 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONDENSED CONSOLIDATED FINANCIAL STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues:    
Rental $ 68,426 $ 49,333
Recoveries from customers 5,435 5,664
Cloud and managed services 18,890 5,795
Other 2,017 594
Total revenues 94,768 61,386
Operating Expenses:    
Property operating costs 31,781 19,336
Real estate taxes and insurance 1,740 1,485
Depreciation and amortization 28,639 16,243
General and administrative 20,286 13,838
Transaction and integration costs 2,087 105
Total operating expenses 84,533 51,007
Operating income 10,235 10,379
Other income and expenses:    
Interest expense (5,981) (5,342)
Income before taxes 4,254 5,037
Tax benefit (expense) of taxable REIT subsidiaries 2,605  
Net income 6,859 5,037
Net income attributable to noncontrolling interests (970) (955)
Net income attributable to Parent $ 5,889 $ 4,082
Net income per share attributable to common shares:    
Net income per share attributable to common stockholders - basic $ 0.14 $ 0.13
Net income per share attributable to common stockholders - diluted $ 0.14 $ 0.13
Weighted average common shares outstanding:    
Basic 41,292,445 31,294,488
Diluted 48,973,851 39,209,226
Qualitytech, LP [Member]    
Revenues:    
Rental $ 68,426 $ 49,333
Recoveries from customers 5,435 5,664
Cloud and managed services 18,890 5,795
Other 2,017 594
Total revenues 94,768 61,386
Operating Expenses:    
Property operating costs 31,781 19,336
Real estate taxes and insurance 1,740 1,485
Depreciation and amortization 28,639 16,243
General and administrative 20,286 13,838
Transaction and integration costs 2,087 105
Total operating expenses 84,533 51,007
Operating income 10,235 10,379
Other income and expenses:    
Interest expense (5,981) (5,342)
Income before taxes 4,254 5,037
Tax benefit (expense) of taxable REIT subsidiaries 2,605  
Net income $ 6,859 $ 5,037