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Summary of Quarterly Results
12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
SUMMARY OF QUARTERLY RESULTS (UNAUDITED)

22. SUMMARY OF QUARTERLY RESULTS (UNAUDITED)

The following is a summary of quarterly financial information as of and for the years ended December 31, 2015 and 2014 (in thousands, except per share data):

 

 

1st

 

 

2nd

 

 

3rd

 

 

4th

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue

$

150,406

 

 

$

145,648

 

 

$

152,585

 

 

$

153,992

 

Net income (loss)

 

8,594

 

 

 

3,058

 

 

 

20,308

 

 

 

(62,700

)

Net income (loss) allocated to Common Shares

 

6,710

 

 

 

1,255

 

 

 

18,346

 

 

 

(63,941

)

Basic earnings (loss) per Common Share

$

0.04

 

 

$

0.01

 

 

$

0.10

 

 

$

(0.37

)

Diluted earnings (loss) per Common Share

$

0.04

 

 

$

0.01

 

 

$

0.10

 

 

$

(0.37

)

2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue

$

152,114

 

 

$

150,500

 

 

$

146,558

 

 

$

147,810

 

Net income (loss)

 

(2,245

)

 

 

2,174

 

 

 

8,882

 

 

 

(1,869

)

Net income (loss) allocated to Common Shares

 

(4,041

)

 

 

385

 

 

 

6,967

 

 

 

(3,585

)

Basic earnings (loss) per Common Share

$

(0.03

)

 

$

-

 

 

$

0.04

 

 

$

(0.02

)

Diluted earnings (loss) per Common Share

$

(0.03

)

 

$

-

 

 

$

0.04

 

 

$

(0.02

)

 

The summation of quarterly earnings per share amounts do not necessarily equal the full year amounts due to rounding.