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CONDENSED CONSOLIDATED FINANCIAL STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Rental $ 71,670 $ 52,193 $ 140,096 $ 101,526
Recoveries from customers 6,168 5,582 11,603 11,246
Cloud and managed services 17,015 8,220 35,905 14,015
Other 3,834 2,122 5,851 2,716
Total revenues 98,687 68,117 193,455 129,503
Operating Expenses:        
Property operating costs 32,646 22,031 64,427 41,367
Real estate taxes and insurance 2,020 1,474 3,760 2,959
Depreciation and amortization 30,355 18,062 58,994 34,305
General and administrative 21,608 14,615 41,894 28,453
Transaction and integration costs 3,833 4,669 5,920 4,774
Total operating expenses 90,462 60,851 174,995 111,858
Operating income 8,225 7,266 18,460 17,645
Other income and expenses:        
Interest income 2 1 2 1
Interest expense (4,874) (4,799) (10,855) (10,141)
Other expense, net   (83)   (83)
Income before taxes 3,353 2,385 7,607 7,422
Tax benefit (expense) of taxable REIT subsidiaries 2,454 3,135 5,059 3,135
Net income 5,807 5,520 12,666 10,557
Net income attributable to noncontrolling interests (707) (888) (1,677) (1,843)
Net income attributable to Parent $ 5,100 $ 4,632 $ 10,989 $ 8,714
Net income per share attributable to common shares:        
Net income per share attributable to common stockholders - basic $ 0.11 $ 0.13 $ 0.25 $ 0.26
Net income per share attributable to common stockholders - diluted $ 0.10 $ 0.12 $ 0.24 $ 0.25
Weighted average common shares outstanding:        
Basic 47,783,093 36,668,755 44,537,769 33,996,467
Diluted 55,574,545 44,444,104 52,274,198 41,867,944
Qualitytech, LP [Member]        
Revenues:        
Rental $ 71,670 $ 52,193 $ 140,096 $ 101,526
Recoveries from customers 6,168 5,582 11,603 11,246
Cloud and managed services 17,015 8,220 35,905 14,015
Other 3,834 2,122 5,851 2,716
Total revenues 98,687 68,117 193,455 129,503
Operating Expenses:        
Property operating costs 32,646 22,031 64,427 41,367
Real estate taxes and insurance 2,020 1,474 3,760 2,959
Depreciation and amortization 30,355 18,062 58,994 34,305
General and administrative 21,608 14,615 41,894 28,453
Transaction and integration costs 3,833 4,669 5,920 4,774
Total operating expenses 90,462 60,851 174,995 111,858
Operating income 8,225 7,266 18,460 17,645
Other income and expenses:        
Interest income 2 1 2 1
Interest expense (4,874) (4,799) (10,855) (10,141)
Other expense, net   (83)   (83)
Income before taxes 3,353 2,385 7,607 7,422
Tax benefit (expense) of taxable REIT subsidiaries 2,454 3,135 5,059 3,135
Net income $ 5,807 $ 5,520 $ 12,666 $ 10,557