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QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information (Unaudited)  
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

19. QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

        The following is a summary of quarterly financial information as of and for the years ended December 31, 2014 and 2013.

                                                                                                                                                                                    

 

 

Three months ended(1)

 

 

 

March 31,

 

June 30,

 

September 30,

 

December 31,

 

 

 

(in thousands except per share data)

 

2014(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from continuing operations

 

$

62,597

 

$

65,187

 

$

63,117

 

$

65,252

 

Bargain purchase gain

 

 

4,918

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

 

10,284

 

 

4,170

 

 

975

 

 

(3,469

)

Income from operations of assets held for sale

 

 

933

 

 

4,344

 

 

3,305

 

 

4,056

 

Net income

 

 

11,217

 

 

8,514

 

 

4,280

 

 

587

 

Net income attributable to stockholders

 

 

11,219

 

 

8,399

 

 

4,285

 

 

475

 

Comprehensive income

 

 

11,219

 

 

8,399

 

 

4,285

 

 

475

 

BASIC INCOME PER SHARE:

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

0.11

 

$

0.04

 

$

0.01

 

$

(0.04

)

Discontinued operations

 

$

0.01

 

$

0.05

 

$

0.03

 

$

0.04

 

Net income

 

$

0.12

 

$

0.09

 

$

0.04

 

$

 

DILUTED INCOME PER SHARE:

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

0.11

 

$

0.04

 

$

0.01

 

$

(0.04

)

Discontinued operations

 

$

0.01

 

$

0.05

 

$

0.03

 

$

0.04

 

Net income

 

$

0.12

 

$

0.09

 

$

0.04

 

$

 

Weighted average common shares outstanding—basic

 

 

95,934

 

 

97,571

 

 

97,582

 

 

97,582

 

Weighted average common shares outstanding—diluted

 

 

95,936

 

 

97,576

 

 

97,583

 

 

97,583

 

2013

 

 


 

 

 


 

 

 


 

 

 


 

 

Revenues from continuing operations

 

$

58,308

 

$

59,838

 

$

57,487

 

$

60,180

 

Income from continuing operations

 

 

5,822

 

 

4,808

 

 

1,759

 

 

2,290

 

Net income

 

 

5,822

 

 

4,808

 

 

1,759

 

 

2,290

 

Net income attributable to stockholders

 

 

5,826

 

 

4,695

 

 

1,765

 

 

2,180

 

Comprehensive income

 

 

5,826

 

 

4,695

 

 

1,765

 

 

2,180

 

BASIC INCOME PER SHARE:

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

0.06

 

$

0.05

 

$

0.02

 

$

0.02

 

Net income

 

$

0.06

 

$

0.05

 

$

0.02

 

$

0.02

 

DILUTED INCOME PER SHARE:

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

0.06

 

$

0.05

 

$

0.02

 

$

0.02

 

Net income

 

$

0.06

 

$

0.05

 

$

0.02

 

$

0.02

 

Weighted average common shares outstanding—basic

 

 

95,440

 

 

95,440

 

 

95,440

 

 

95,440

 

Weighted average common shares outstanding—diluted

 

 

95,440

 

 

95,440

 

 

95,440

 

 

95,440

 


(1)

The prior quarter results have been reclassified to conform to the current quarter presentation. Specifically, results related to properties sold or held for sale have been reclassified into discontinued operations.