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QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

The following is a summary of quarterly financial information for the year ended December 31, 2016.

 
Three Months Ended
 
March 31,
 
June 30,
 
September 30,
 
December 31,
 
(in thousands, except per share data)
2016
 
 
 
 
 
 
 
Revenues from continuing operations
$
68,617

 
$
68,360

 
$
64,332

 
$
64,622

Gain on sale of real estate
24,739

 
—

 
14,927

 
—

Net income (loss) from continuing operations
26,293

 
(810
)
 
8,382

 
(3,153
)
Net income from discontinued operations
690

 
1,668

 
703

 
792

Net income (loss)
26,983

 
858

 
9,085

 
(2,361
)
Net income (loss) attributable to the Company
26,980

 
849

 
9,088

 
(2,370
)
Redeemable preferred stock dividends
—

 
—

 
—

 
(9
)
Net income (loss) available to common stockholders
26,980

 
849

 
9,088

 
(2,379
)
BASIC AND DILUTED NET INCOME (LOSS) AVAILABLE TO COMMON STOCKHOLDERS PER SHARE (1):
 
 
 
 
 
 
 
Continuing operations
$
0.27

 
$
(0.01
)
 
$
0.10

 
$
(0.04
)
Discontinued operations
$
0.01

 
$
0.02

 
$
0.01

 
$
0.01

Net income
$
0.28

 
$
0.01

 
$
0.10

 
$
(0.03
)
Weighted average shares of common stock outstanding - basic
97,662

 
96,683

 
87,045

 
84,048

Weighted average shares of common stock outstanding - diluted
97,662

 
96,683

 
87,045

 
84,048

 
 
 
 
 
 
 
 
Revenues from continuing operations (2)
$
66,390

 
$
65,438

 
$
64,332

 
$
64,622

Revenues subsequently reclassified from discontinued operations
2,227

 
2,922

 
—

 
—

Revenues from continuing operations, as adjusted
$
68,617

 
$
68,360

 
$
64,332

 
$
64,622

 
 
 
 
 
 
 
 
Net income (loss) from continuing operations (2)
$
25,554

 
$
(1,965
)
 
$
8,382

 
$
(3,153
)
Net income from continuing operations subsequently reclassified from discontinued operations
739

 
1,155

 
—

 
—

Net income (loss) from continuing operations, as adjusted
$
26,293

 
$
(810
)
 
$
8,382

 
$
(3,153
)
 
 
 
 
 
 
 
 
Net income from discontinued operations (2)
$
1,429

 
$
2,823

 
$
703

 
$
792

Net income from discontinued operations subsequently reclassified to continuing operations
(739
)
 
(1,155
)
 
—

 
—

Net income from discontinued operations, as adjusted
$
690

 
$
1,668

 
$
703

 
$
792

 

(1)
EPS for the year-to-date period may differ from the sum of quarterly EPS amounts due to the required method for computing EPS in the respective periods. In addition, EPS is calculated independently for each component and may not be additive due to rounding.
(2)
For the three months ended March 31, June 30 and September 30, 2016, as previously reported in the respective Form 10-Qs.



The following is a summary of quarterly financial information for the year ended December 31, 2015.

 
Three Months Ended
 
March 31,
 
June 30,
 
September 30,
 
December 31,
 
(in thousands except per share data)
2015
 
 
 
 
 
 
 
Revenues from continuing operations
$
69,249

 
$
69,237

 
$
68,460

 
$
70,002

Gain on sale of real estate
—

 
—

 
—

 
3,092

Net income from continuing operations
12

 
1,802

 
601

 
3,697

Net income from discontinued operations
2,720

 
3,180

 
4,640

 
7,751

Net income
2,732

 
4,982

 
5,241

 
11,448

Net income attributable to the Company
2,732

 
4,976

 
5,242

 
11,442

Redeemable preferred stock dividends
—

 
—

 
—

 
—

Net income available to common stockholders
2,732

 
4,976

 
5,242

 
11,442

BASIC AND DILUTED NET INCOME AVAILABLE TO COMMON STOCKHOLDERS PER SHARE (1):
 
 
 
 
 
 
 
Continuing operations
$
—

 
$
0.02

 
$
0.01

 
$
0.04

Discontinued operations
$
0.03

 
$
0.03

 
$
0.05

 
$
0.08

Net income
$
0.03

 
$
0.05

 
$
0.05

 
$
0.12

Weighted average shares of common stock outstanding - basic
97,582

 
97,589

 
97,590

 
97,590

Weighted average shares of common stock outstanding - diluted
97,582

 
97,589

 
97,590

 
97,590

 
 
 
 
 
 
 
 
Revenues from continuing operations (2)
$
67,239

 
$
66,919

 
$
66,395

 
$
67,874

Revenues subsequently reclassified from discontinued operations
2,010

 
2,318

 
2,065

 
2,128

Revenues from continuing operations, as adjusted
$
69,249

 
$
69,237

 
$
68,460

 
$
70,002

 
 
 
 
 
 
 
 
Net income (loss) from continuing operations (2)
$
(230
)
 
$
998

 
$
233

 
$
3,123

Net income from continuing operations subsequently reclassified from discontinued operations
242

 
804

 
368

 
574

Net income from continuing operations, as adjusted
$
12

 
$
1,802

 
$
601

 
$
3,697

 
 
 
 
 
 
 
 
Net income from discontinued operations (2)
$
2,962

 
$
3,984

 
$
5,008

 
$
8,325

Net income from discontinued operations subsequently reclassified to continuing operations
(242
)
 
(804
)
 
(368
)
 
(574
)
Net income from discontinued operations, as adjusted
$
2,720

 
$
3,180

 
$
4,640

 
$
7,751


 

(1)
EPS for the year-to-date period may differ from the sum of quarterly EPS amounts due to the required method for computing EPS in the respective periods. In addition, EPS is calculated independently for each component and may not be additive due to rounding.
(2)
For the three months ended March 31, June 30, September 30 and December 31, 2015, as previously reported in the Form 10-K.