Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2014

Quarterly Results of Operations [Abstract]

Quarterly Results of Operations (Unaudited)

20. Quarterly Results of Operations (Unaudited)

The following is a summary of our unaudited quarterly results of operations for the years ended December 31, 2014 and 2013 (in thousands, except per share data). The sum of individual quarterly amounts may not agree to the annual amounts included in the consolidated statements of income due to rounding.


		Year Ended December 31, 2014
		1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
Revenues		$	801,807	$	826,446	$	847,523	$	867,770
Net income (loss) attributable to common stockholders			50,022		71,829		136,255		188,639
Net income (loss) attributable to common stockholders per share:
	Basic	$	0.17	$	0.24	$	0.44	$	0.58
	Diluted		0.17		0.24		0.44		0.57

		Year Ended December 31, 2013
		1st Quarter		2nd Quarter⁽²⁾		3rd Quarter		4th Quarter
Revenues - as reported		$	633,915	$	682,125	$	786,930	$	788,577
Discontinued operations			(4,129)		(3,592)		(3,217)		-
Revenues - as adjusted⁽¹⁾		$	629,786	$	678,533	$	783,713	$	788,577
Net income attributable to common stockholders		$	55,058	$	(8,508)	$	20,691	$	11,473
Net income attributable to common stockholders per share:
	Basic	$	0.21	$	(0.03)	$	0.07	$	0.04
	Diluted		0.21		(0.03)		0.07		0.04


(1) We have reclassified the income attributable to the properties sold prior to or held for sale at December 31, 2013 to discontinued operations. See Note 5 for additional information.
(2) The decrease in net income and amounts per share are primarily attributable to gains on sales of real estate of $82,492,000 for the first quarter as compared to losses of $29,997,000 for the second quarter.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References+ Details