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Company Quarterly Financial Information
 12 Months Ended
Dec. 31, 2011
Company Quarterly Financial Information [Abstract]  
Company Quarterly Financial Information
18.

COMPANY QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

Quarterly financial information in 2011 and 2010 was as follows:

 

     Year ended December 31, 2011  
             First                     Second                     Third                     Fourth          

Revenues

    $       73,531      $       75,424      $       78,612      $       77,749   
  

 

 

    

 

 

    

 

 

    

 

 

  

Net income (loss)

      3,013        9,834        8,828        3,920   

Noncontrolling interests

      12        (88 )      (34 )      (19 ) 

Dividends to preferred shareholders

      (1,689 )      (922 )      (922 )      (922 ) 

Preferred stock redemption costs

      (1,757 )      -        -        -   
  

 

 

    

 

 

    

 

 

    

 

 

  

Net income (loss) available to common shareholders

    $ (421 )    $ 8,824      $ 7,872      $ 2,979   
  

 

 

    

 

 

    

 

 

    

 

 

  

Earnings (loss) per common share:

         

Net income (loss) available to common shareholders - basic

    $ (0.01 )    $ 0.18      $ 0.15      $ (0.06 ) 

Net income (loss) available to common shareholders - diluted

    $ (0.01 )    $ 0.17      $ 0.15      $ (0.06 ) 
     Year ended December 31, 2010  
     First     Second     Third     Fourth  

Revenues

    $ 69,143      $ 70,831      $ 72,895      $ 72,269   
  

 

 

    

 

 

    

 

 

    

 

 

  

Net income (loss)

      (1,127 )      (33,753 )      23,595        4,294   

Noncontrolling interests

      (50 )      125        (62 )      18   

Dividends to preferred shareholders

      (1,890 )      (1,878 )      (1,864 )      (1,871 ) 

Preferred stock redemption costs

      (8 )      (37 )      1        -   
  

 

 

    

 

 

    

 

 

    

 

 

  

Net income (loss) available to common shareholders

    $ (3,075 )    $ (35,543 )    $ 21,670      $ 2,441   
  

 

 

    

 

 

    

 

 

    

 

 

  

Earnings (loss) per common share:

         

Net income (loss) available to common shareholders - basic

    $ (0.06 )    $ (0.73 )    $ 0.44      $ 0.05   

Net income (loss) available to common shareholders - diluted

    $ (0.06 )    $ (0.73 )    $ 0.44      $ 0.05   

In the fourth quarter of 2011, the reduction in income from continuing operations primarily resulted from a loss on the early extinguishment of indebtedness.

In the second quarter of 2010, the increased loss from continuing operations resulted from asset impairment charges. In the third quarter of 2010, the increased income from continuing operations resulted from higher equity in earnings from unconsolidated entities due to debt extinguishment gains, partially offset by asset impairment charges.