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CONDENSED CONSOLIDATED FINANCIAL STATEMENTS STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Rental $ 77,005 $ 62,744 $ 217,101 $ 164,270
Recoveries from customers 8,703 6,158 20,306 17,404
Cloud and managed services 16,243 18,573 52,148 32,588
Other 1,514 1,415 7,365 4,131
Total revenues 103,465 88,890 296,920 218,393
Operating Expenses:        
Property operating costs 36,288 30,925 100,715 72,292
Real estate taxes and insurance 2,566 1,462 6,326 4,421
Depreciation and amortization 32,699 24,486 91,693 58,791
General and administrative 19,942 19,440 61,836 47,893
Transaction and integration costs 3,465 1,482 9,385 6,256
Total operating expenses 94,960 77,795 269,955 189,653
Operating income 8,505 11,095 26,965 28,740
Other income and expenses:        
Interest income 1 1 3 2
Interest expense (6,179) (5,418) (17,034) (15,559)
Other expense, net 1   1 (83)
Income before taxes 2,328 5,678 9,935 13,100
Net income 6,538 8,238 19,204 18,795
Tax benefit of taxable REIT subsidiaries 4,210 2,560 9,269 5,695
Net income attributable to noncontrolling interests (808) (1,229) (2,485) (3,072)
Net income attributable to Parent $ 5,730 $ 7,009 $ 16,719 $ 15,723
Net income per share attributable to common shares:        
Net income per share attributable to common stockholders - basic $ 0.12 $ 0.17 $ 0.37 $ 0.43
Net income per share attributable to common stockholders - diluted $ 0.12 $ 0.17 $ 0.36 $ 0.43
Weighted average common shares outstanding:        
Basic 47,854,516 40,994,387 45,651,421 36,354,738
Diluted 55,687,665 48,733,417 53,420,326 44,181,583
Qualitytech, LP [Member]        
Revenues:        
Rental $ 77,005 $ 62,744 $ 217,101 $ 164,270
Recoveries from customers 8,703 6,158 20,306 17,404
Cloud and managed services 16,243 18,573 52,148 32,588
Other 1,514 1,415 7,365 4,131
Total revenues 103,465 88,890 296,920 218,393
Operating Expenses:        
Property operating costs 36,288 30,925 100,715 72,292
Real estate taxes and insurance 2,566 1,462 6,326 4,421
Depreciation and amortization 32,699 24,486 91,693 58,791
General and administrative 19,942 19,440 61,836 47,893
Transaction and integration costs 3,465 1,482 9,385 6,256
Total operating expenses 94,960 77,795 269,955 189,653
Operating income 8,505 11,095 26,965 28,740
Other income and expenses:        
Interest income 1 1 3 2
Interest expense (6,179) (5,418) (17,034) (15,559)
Other expense, net 1   1 (83)
Income before taxes 2,328 5,678 9,935 13,100
Net income 6,538 8,238 19,204 18,795
Tax benefit of taxable REIT subsidiaries $ 4,210 $ 2,560 $ 9,269 $ 5,695