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Real Estate Investments | 6 Months Ended
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Jun. 30, 2016
Business Combinations [Abstract] |
Real Estate Investments | Real Estate Investments The following table details the shopping centers acquired or land acquired for development during the six months ended June 30, 2016. There were no shopping centers or land acquired during the six months ended June 30, 2015.
(in thousands) |  | Six months ended June 30, 2016
Date Purchased |  | Property Name |  | City/State |  | Property Type |  | Ownership |  | Purchase Price |  | Intangible Assets |  | Intangible Liabilities
2/22/16 |  | Garden City Park |  | Garden City Park, NY |  | Operating |  | 100% |  | $17,300 |  | 10,171 |  | 2,940
3/4/16 |  | The Market at Springwoods Village (1) |  | Houston, TX |  | Development |  | 53% |  | 17,994 |  | — |  | —
5/16/16 |  | Market Common Clarendon (2) |  | Arlington, VA |  | Operating |  | 100% |  | 280,500 |  | 15,428 |  | 15,662
Total property acquisitions |  |  |  |  |  | $315,794 |  | 25,599 |  | 18,602
(1) Regency acquired a 53% controlling interest in the Market at Springwoods Village partnership to develop a shopping center on land contributed by the partner. As a result of consolidation, the Company recorded the partner's non-controlling interest of $8.4 million. (2) Market Common Clarendon is a mixed-use center containing retail, residential and office space, along with income producing parking garages. The residential component is owned by a third party who contributes its share of the costs to maintain common areas. The results of operations from the acquisition of Market Common Clarendon are included in the Consolidated Statements of Operations beginning on the acquisition date and resulted in the following impact to Revenues and Net income attributable to common stockholders for the three and six months ended June 30, 2016, as follows:
|  | June 30, 2016
(in thousands) |  | Three months ended |  | Six months ended
Increase in total revenues |  | $ | 2,287 |  |  | 2,287 |
Decrease in net income attributable to common stockholders (1) |  | 1,299 |  |  | 1,619 |
(1) Includes $1.1 million and $1.4 million of transaction costs during the three and six months ended June 30, 2016, respectively, which are recorded in Other operating expenses in the accompanying Consolidated Statements of Operations. The following unaudited pro forma financial data includes the incremental revenues, operating expenses, depreciation and amortization, and costs of financing the Market Common Clarendon acquisition as if it had occurred on January 1, 2015:
|  | (Pro Forma) |  | (Pro Forma)
|  | Three months ended June 30, |  | Six months ended June 30,
(in thousands, except per share data) |  | 2016 |  | 2015 |  | 2016 |  | 2015
Total revenues |  | $ | 155,285 |  |  | 146,091 |  |  | 309,794 |  |  | 291,365 |
Income from operations | (1) | 42,290 |  |  | 33,718 |  |  | 84,210 |  |  | 63,545 |
Net income attributable to common stockholders | (1) | 37,004 |  |  | 33,575 |  |  | 86,093 |  |  | 58,388 |
Income per common share - basic |  | $ | 0.37 |  |  | 0.35 |  |  | 0.87 |  |  | 0.61 |
Income per common share - diluted |  | 0.37 |  |  | 0.35 |  |  | 0.86 |  |  | 0.61 |
(1) The pro forma earnings for the three and six months ended June 30, 2016 were adjusted to exclude $1.1 million and $1.4 million, respectively, of acquisition costs, while 2015 pro forma earnings were adjusted to include those costs during the first quarter of 2015. The pro forma financial data is not necessarily indicative of what the actual results of operations would have been assuming the transaction had been completed as set forth above, nor does it purport to represent the results of operations for future periods. The following table details the weighted average amortization and net accretion periods, in years, of the major classes of intangible assets and intangible liabilities arising from the Market Common Clarendon acquisition:
|  | Six months ended
(in years) |  | June 30, 2016
Assets: |  |
In-place leases |  | 7.4
Liabilities: |  |
Acquired lease intangible liabilities |  | 7.9

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- Definition The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 970 -SubTopic 360 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-28) -URI http://asc.fasb.org/extlink&oid=6590653&loc=d3e638233-123024 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 11 -Article 9 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Subparagraph Schedule III -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 10 -Subparagraph 4 -Article 9 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 6 -Subparagraph a -Article 5 + Details
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