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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016
Revenues: |  |  |  |
Rental Income | $ 76,497 | $ 72,092 | $ 227,217 | $ 216,115
Tenant Recoveries and Other Income | 22,813 | 21,470 | 67,055 | 63,929
Total Revenues | 99,310 | 93,562 | 294,272 | 280,044
Expenses: |  |  |  |
Property Expenses | 28,452 | 27,539 | 83,835 | 82,781
General and Administrative | 6,492 | 5,983 | 21,310 | 20,090
Acquisition Costs | 0 | 119 | 0 | 338
Depreciation and Other Amortization | 29,696 | 28,815 | 87,230 | 88,668
Total Expenses | 64,640 | 62,456 | 192,375 | 191,877
Other Income (Expense): |  |  |  |
Gain on Sale of Real Estate | 23,271 | 16,802 | 52,140 | 60,828
Interest Expense | (14,376) | (14,407) | (43,660) | (45,255)
Amortization of Deferred Financing Costs | (778) | (782) | (2,336) | (2,437)
Mark-to-Market Gain on Interest Rate Protection Agreements | 1,848 | 0 | 1,848 | 0
Loss from Retirement of Debt | 0 | 0 | (1,653) | 0
Total Other Income (Expense) | 9,965 | 1,613 | 6,339 | 13,136
Income from Operations Before Income Tax Provision | 44,635 | 32,719 | 108,236 | 101,303
Income Tax Benefit (Provision) | 21 | (51) | (1,236) | (232)
Net Income | 44,656 | 32,668 | 107,000 | 101,071
Less: Net Income Attributable to the Noncontrolling Interest | 1,458 | 1,149 | 3,531 | 3,635
Net Income Available to Common Stockholders / Unitholders and Participating Securities | $ 43,198 | $ 31,519 | $ 103,469 | $ 97,436
Basic Earnings Per Share / Unit: |  |  |  |
Net Income Available to Common Stockholders / Unitholders | $ 0.36 | $ 0.27 | $ 0.88 | $ 0.85
Diluted Earnings Per Share / Unit: |  |  |  |
Net Income Available to Common Stockholders / Unitholders | 0.36 | 0.27 | 0.87 | 0.85
Dividends/Distributions Per Share/Unit | $ 0.21 | $ 0.19 | $ 0.63 | $ 0.57
Weighted Average Shares/Units Outstanding - Basic | 119,446 | 116,467 | 117,870 | 114,491
Weighted Average Shares/Units Outstanding - Diluted | 119,990 | 116,864 | 118,352 | 114,809
First Industrial, L.P. |  |  |  |
Revenues: |  |  |  |
Rental Income | $ 76,497 | $ 72,092 | $ 227,217 | $ 216,115
Tenant Recoveries and Other Income | 22,813 | 21,470 | 67,055 | 63,929
Total Revenues | 99,310 | 93,562 | 294,272 | 280,044
Expenses: |  |  |  |
Property Expenses | 28,452 | 27,539 | 83,835 | 82,781
General and Administrative | 6,492 | 5,983 | 21,310 | 20,090
Acquisition Costs | 0 | 119 | 0 | 338
Depreciation and Other Amortization | 29,696 | 28,815 | 87,230 | 88,668
Total Expenses | 64,640 | 62,456 | 192,375 | 191,877
Other Income (Expense): |  |  |  |
Gain on Sale of Real Estate | 23,271 | 16,802 | 52,140 | 60,828
Interest Expense | (14,376) | (14,407) | (43,660) | (45,255)
Amortization of Deferred Financing Costs | (778) | (782) | (2,336) | (2,437)
Mark-to-Market Gain on Interest Rate Protection Agreements | 1,848 | 0 | 1,848 | 0
Loss from Retirement of Debt | 0 | 0 | (1,653) | 0
Total Other Income (Expense) | 9,965 | 1,613 | 6,339 | 13,136
Income from Operations Before Income Tax Provision | 44,635 | 32,719 | 108,236 | 101,303
Income Tax Benefit (Provision) | 21 | (51) | (1,236) | (232)
Net Income | 44,656 | 32,668 | 107,000 | 101,071
Less: Net Income Attributable to the Noncontrolling Interest | 43 | 38 | 96 | 112
Net Income Available to Common Stockholders / Unitholders and Participating Securities | $ 44,613 | $ 32,630 | $ 106,904 | $ 100,959
Basic Earnings Per Share / Unit: |  |  |  |
Net Income Available to Common Stockholders / Unitholders | $ 0.36 | $ 0.27 | $ 0.87 | $ 0.85
Diluted Earnings Per Share / Unit: |  |  |  |
Net Income Available to Common Stockholders / Unitholders | 0.36 | 0.27 | 0.87 | 0.84
Dividends/Distributions Per Share/Unit | $ 0.21 | $ 0.19 | $ 0.63 | $ 0.57
Weighted Average Shares/Units Outstanding - Basic | 123,483 | 120,740 | 121,909 | 118,781
Weighted Average Shares/Units Outstanding - Diluted | 124,027 | 121,137 | 122,391 | 119,099

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- References No definition available. + Details
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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=96947427&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=96947427&loc=d3e1448-109256 + Details
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