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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015
Revenues: |  |  |  |
Rental Income | $ 72,092 | $ 71,148 | $ 216,115 | $ 209,244
Tenant Recoveries and Other Income | 21,470 | 21,011 | 63,929 | 63,370
Total Revenues | 93,562 | 92,159 | 280,044 | 272,614
Expenses: |  |  |  |
Property Expenses | 27,539 | 28,044 | 82,781 | 85,662
General and Administrative | 5,983 | 5,900 | 20,090 | 19,026
Acquisition Costs | 119 | 45 | 338 | 364
Impairment of Real Estate | 0 | 626 | 0 | 626
Depreciation and Other Amortization | 28,815 | 28,589 | 88,668 | 84,939
Total Expenses | 62,456 | 63,204 | 191,877 | 190,617
Other Income (Expense): |  |  |  |
Gain on Sale of Real Estate | 16,802 | 2,957 | 60,828 | 13,084
Interest Expense | (14,407) | (16,674) | (45,255) | (49,679)
Amortization of Deferred Financing Costs | (782) | (781) | (2,437) | (2,291)
Mark-to-Market and Settlement Loss on Interest Rate Protection Agreements | 0 | 0 | 0 | (11,546)
Total Other Income (Expense) | 1,613 | (14,498) | 13,136 | (50,432)
Income from Continuing Operations Before Equity in (Loss) Income of Joint Ventures and Income Tax (Provision) Benefit | 32,719 | 14,457 | 101,303 | 31,565
Equity in (Loss) Income of Joint Ventures | 0 | (6) | 0 | 61
Income Tax (Provision) Benefit | (51) | 14 | (232) | (127)
Net Income | 32,668 | 14,465 | 101,071 | 31,499
Less: Net Income Attributable to the Noncontrolling Interest | (1,149) | (548) | (3,635) | (1,197)
Net Income Available to Common Stockholders/Unitholders and Participating Securities | $ 31,519 | $ 13,917 | $ 97,436 | $ 30,302
Basic Earnings Per Share / Unit: |  |  |  |
Net Income Available to Common Stockholders/Unitholders | $ 0.27 | $ 0.13 | $ 0.85 | $ 0.27
Diluted Earnings Per Share / Unit: |  |  |  |
Net Income Available to Common Stockholders/Unitholders | 0.27 | 0.13 | 0.85 | 0.27
Dividends/Distributions Per Share/Unit | $ 0.19 | $ 0.1275 | $ 0.57 | $ 0.3825
Weighted Average Shares/Units Outstanding - Basic | 116,467 | 110,356 | 114,491 | 110,338
Weighted Average Shares/Units Outstanding - Diluted | 116,864 | 110,848 | 114,809 | 110,735
First Industrial, L.P. |  |  |  |
Revenues: |  |  |  |
Rental Income | $ 72,092 | $ 71,148 | $ 216,115 | $ 209,244
Tenant Recoveries and Other Income | 21,470 | 21,011 | 63,929 | 63,370
Total Revenues | 93,562 | 92,159 | 280,044 | 272,614
Expenses: |  |  |  |
Property Expenses | 27,539 | 28,044 | 82,781 | 85,662
General and Administrative | 5,983 | 5,900 | 20,090 | 18,911
Acquisition Costs | 119 | 45 | 338 | 364
Impairment of Real Estate | 0 | 626 | 0 | 626
Depreciation and Other Amortization | 28,815 | 28,589 | 88,668 | 84,939
Total Expenses | 62,456 | 63,204 | 191,877 | 190,502
Other Income (Expense): |  |  |  |
Gain on Sale of Real Estate | 16,802 | 2,957 | 60,828 | 13,084
Interest Expense | (14,407) | (16,674) | (45,255) | (49,679)
Amortization of Deferred Financing Costs | (782) | (781) | (2,437) | (2,291)
Mark-to-Market and Settlement Loss on Interest Rate Protection Agreements | 0 | 0 | 0 | (11,546)
Total Other Income (Expense) | 1,613 | (14,498) | 13,136 | (50,432)
Income from Continuing Operations Before Equity in (Loss) Income of Joint Ventures and Income Tax (Provision) Benefit | 32,719 | 14,457 | 101,303 | 31,680
Equity in (Loss) Income of Joint Ventures | 0 | (6) | 0 | 61
Income Tax (Provision) Benefit | (51) | 14 | (232) | (127)
Net Income | 32,668 | 14,465 | 101,071 | 31,614
Less: Net Income Attributable to the Noncontrolling Interest | (38) | (27) | (112) | (75)
Net Income Available to Common Stockholders/Unitholders and Participating Securities | $ 32,630 | $ 14,438 | $ 100,959 | $ 31,539
Basic Earnings Per Share / Unit: |  |  |  |
Net Income Available to Common Stockholders/Unitholders | $ 0.27 | $ 0.13 | $ 0.85 | $ 0.27
Diluted Earnings Per Share / Unit: |  |  |  |
Net Income Available to Common Stockholders/Unitholders | 0.27 | 0.12 | 0.84 | 0.27
Dividends/Distributions Per Share/Unit | $ 0.19 | $ 0.1275 | $ 0.57 | $ 0.3825
Weighted Average Shares/Units Outstanding - Basic | 120,740 | 114,720 | 118,781 | 114,705
Weighted Average Shares/Units Outstanding - Diluted | 121,137 | 115,212 | 119,099 | 115,102

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- Definition In accordance with the provisions of their lease agreement, this element represents allowable charges due a landlord from its tenant. In retail store and office building leases, for example, tenant reimbursements may cover items such as taxes, utilities, and common area expenses. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1(e)) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1505-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1448-109256 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Weighted-Average Number of Common Shares Outstanding -URI http://asc.fasb.org/extlink&oid=6528421 + Details
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