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Quarterly Financial Information (unaudited) | 12 Months Ended
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Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Information (unaudited) | Quarterly Financial Information (unaudited) American Homes 4 Rent The following table presents the Company's summarized quarterly financial data for the years ended December 31, 2017 and 2016 (in thousands, except per share data):
| Quarter
| First |  | Second |  | Third |  | Fourth
2017 |  |  |  |  |  |  |  |  |  |  |
Rents from single-family properties | $ | 201,107 |  |  | $ | 204,648 |  |  | $ | 207,490 |  |  | $ | 210,778 |
Net income | $ | 11,796 |  |  | $ | 15,066 |  |  | $ | 19,097 |  |  | $ | 30,533 |
Net (loss) income attributable to common shareholders | $ | (1,490 | ) |  | $ | (186 | ) |  | $ | 1,535 |  |  | $ | (21,994 | )
Net (loss) income attributable to common shareholders per share–basic | $ | (0.01 | ) |  | $ | — |  |  | $ | 0.01 |  |  | $ | (0.08 | )
Net loss attributable to common shareholders per share–diluted | $ | (0.01 | ) |  | $ | — |  |  | $ | — |  |  | $ | (0.08 | )
| Quarter
| First |  | Second |  | Third |  | Fourth (1)
2016 |  |  |  |  |  |  |  |  |  |  |
Rents from single-family properties | $ | 167,995 |  |  | $ | 193,491 |  |  | $ | 197,137 |  |  | $ | 198,980 |
Net income (loss) | $ | 5,028 |  |  | $ | (3,753 | ) |  | $ | (167 | ) |  | $ | 9,338 |
Net (loss) income attributable to common shareholders | $ | (4,377 | ) |  | $ | (10,404 | ) |  | $ | (21,152 | ) |  | $ | 2,391 |
Net (loss) income attributable to common shareholders per share–basic | $ | (0.02 | ) |  | $ | (0.04 | ) |  | $ | (0.09 | ) |  | $ | 0.01 |
Net loss attributable to common shareholders per share─diluted | $ | (0.02 | ) |  | $ | (0.04 | ) |  | $ | (0.09 | ) |  | $ | (0.01 | )
(1) | In the fourth quarter of 2016, the Company corrected our allocation of income and loss between Operating Partnership unitholders, which resulted in an adjustment to net income (loss) attributable to noncontrolling interest. In accordance with SEC Staff Accounting Bulletin (“SAB”) No. 99 and SAB No. 108, the Company assessed the materiality of this adjustment on our financial statements for the years ended December 31, 2016, 2015 and 2014, as well as the quarters within those annual periods. As a result, the Company recorded a $5.7 million reduction to noncontrolling interest in the consolidated balance sheet as of December 31, 2016, as well as a corresponding reduction to net income attributable to noncontrolling interest in the consolidated statement of operations for the three months ended December 31, 2016. Prior quarter and prior year amounts have not been revised as the effect was immaterial.
American Homes 4 Rent, L.P. The following table presents the Operating Partnership's summarized quarterly financial data for the years ended December 31, 2017 and 2016 (in thousands, except per unit data):
| Quarter
| First |  | Second |  | Third |  | Fourth
2017 |  |  |  |  |  |  |  |  |  |  |
Rents from single-family properties | $ | 201,107 |  |  | $ | 204,648 |  |  | $ | 207,490 |  |  | $ | 210,778 |
Net income | $ | 11,796 |  |  | $ | 15,066 |  |  | $ | 19,097 |  |  | $ | 30,533 |
Net (loss) income attributable to common unitholders | $ | (1,829 | ) |  | $ | (217 | ) |  | $ | 1,875 |  |  | $ | (26,612 | )
Net (loss) income attributable to common unitholders per unit–basic | $ | (0.01 | ) |  | $ | — |  |  | $ | 0.01 |  |  | $ | (0.08 | )
Net loss attributable to common unitholders per unit–diluted | $ | (0.01 | ) |  | $ | — |  |  | $ | — |  |  | $ | (0.08 | )
| Quarter
| First |  | Second |  | Third |  | Fourth
2016 |  |  |  |  |  |  |  |  |  |  |
Rents from single-family properties | $ | 167,995 |  |  | $ | 193,491 |  |  | $ | 197,137 |  |  | $ | 198,980 |
Net income (loss) | $ | 5,028 |  |  | $ | (3,753 | ) |  | $ | (167 | ) |  | $ | 9,338 |
Net loss attributable to common unitholders | $ | (3,627 | ) |  | $ | (11,020 | ) |  | $ | (21,179 | ) |  | $ | (4,133 | )
Net loss attributable to common unitholders per unit–basic and diluted | $ | (0.01 | ) |  | $ | (0.04 | ) |  | $ | (0.07 | ) |  | $ | (0.01 | )

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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