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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Rental income $ 34,211 $ 33,233 $ 102,646 $ 103,533
Interest income from mortgage loans 7,087 6,677 20,910 20,050
Interest and other income 478 1,336 1,502 2,753
Total revenues 41,776 41,246 125,058 126,336
Expenses:        
Interest expense 7,497 7,644 22,981 22,266
Depreciation and amortization 9,447 9,519 28,159 28,186
Impairment charges       1,880
Provision (recovery) for doubtful accounts 106 (96) 76 (139)
Transaction costs 9 34 19 56
General and administrative expenses 4,879 4,144 14,392 13,270
Total expenses 21,938 21,245 65,627 65,519
Operating income 19,838 20,001 59,431 60,817
Income from unconsolidated joint ventures 746 615 2,103 1,635
Gain on sale of real estate, net 14,353   62,698 5,054
Net income 34,937 20,616 124,232 67,506
Income allocated to non-controlling interests (17)   (17)  
Net income attributable to LTC Properties, Inc. 34,920 20,616 124,215 67,506
Income allocated to participating securities (138) (80) (504) (281)
Net income available to common stockholders $ 34,782 $ 20,536 $ 123,711 $ 67,225
Earnings per common share:        
Basic (in dollars per share) $ 0.88 $ 0.52 $ 3.13 $ 1.71
Diluted (in dollars per share) $ 0.88 $ 0.52 $ 3.12 $ 1.70
Weighted average shares used to calculate earnings per common share:        
Basic (in shares) 39,487 39,428 39,470 39,403
Diluted (in shares) 39,865 39,748 39,845 39,738
Dividends declared and paid per common share (in dollars per share) $ 0.57 $ 0.57 $ 1.71 $ 1.71
Comprehensive Income:        
Net income $ 34,937 $ 20,616 $ 124,232 $ 67,506
Comprehensive income $ 34,937 $ 20,616 $ 124,232 $ 67,506