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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues:    
Rental income $ 415,663 $ 379,587
Resident fees and services 602,149 492,510
Interest income 25,188 16,994
Other income 4,050 5,086
Total revenues 1,047,050 894,177
Expenses:    
Interest expense 132,960 121,080
Property operating expenses 449,636 376,461
Depreciation and amortization 228,696 188,829
General and administrative 45,691 35,138
Transaction costs 8,208 48,554
Loss (gain) on derivatives, net 0 (58,427) [1]
Loss (gain) on extinguishment of debt, net (24) 15,401
Impairment of Asset 14,314 2,220
Total expenses 879,481 729,256
Income (loss) from continuing operations before income taxes and income from unconsolidated entities, total 167,569 164,921
Income tax (expense) benefit 1,725 304
(Loss) income from unconsolidated entities (3,820) (12,648)
Income from continuing operations 165,474 152,577
Discontinued operations:    
Gain (loss) on real estate dispositions, net 0 56,845
Net income 165,474 209,422
Less: Preferred stock dividends 16,352 16,352
Less: Net income (loss) attributable to noncontrolling interests [2] 153 2,271
Net income (loss) attributable to common stockholders $ 148,969 $ 190,799
Average number of common shares outstanding:    
Basic 355,076 336,754
Diluted 356,051 337,812
Basic:    
Income (loss) from continuing operations attributable to common stockholders, including real estate dispositions $ 0.42 $ 0.57
Net income (loss) attributable to common stockholders, total 0.42 0.57
Diluted:    
Income (loss) from continuing operations attributable to common stockholders, including real estate dispositions 0.42 0.56
Net income (loss) attributable to common stockholders, total 0.42 0.56
Dividends declared and paid per common share $ 0.86 $ 0.825
[1] (1) In April 2011, we completed the acquisition of substantially all of the real estate assets of privately-owned Genesis Healthcare Corporation. In conjunction with this transaction, we received the option to acquire an ownership interest in Genesis Healthcare. In February 2015, Genesis Healthcare closed on a transaction to merge with Skilled Healthcare Group to become a publicly traded company which required us to record the value of the derivative asset due to the net settlement feature.
[2] (1) Includes amounts attributable to redeemable noncontrolling interests.