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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Minimum rents $ 152,893 $ 152,448 $ 298,448 $ 303,496
Percentage rents 2,060 2,394 3,978 5,408
Tenant recoveries 68,948 75,948 141,360 156,121
Other 13,519 17,789 28,783 30,937
Management Companies 10,003 11,325 21,899 19,942
Total revenues 247,423 259,904 494,468 515,904
Expenses:        
Shopping center and operating expenses 71,032 73,910 146,929 153,234
Management Companies' operating expenses 26,216 24,299 54,733 52,199
REIT general and administrative expenses 7,458 7,681 15,921 16,310
Depreciation and amortization 83,243 85,190 166,316 172,121
Total expenses before interest 187,949 191,080 383,899 393,864
Interest expense:        
Related parties 2,181 2,256 4,392 4,528
Other 40,140 38,939 79,230 76,443
Total interest expense 42,321 41,195 83,622 80,971
Loss on extinguishment of debt 0 0 0 3,575
Total expenses 230,270 232,275 467,521 478,410
Equity in income of unconsolidated joint ventures 16,936 14,616 32,779 26,276
Co-venture expense (4,123) (3,212) (8,000) (6,501)
Income tax (expense) benefit (437) (514) 3,047 (1,831)
(Loss) gain on sale or write down of assets, net (477) 10,915 49,088 445,371
Net income 29,052 49,434 103,861 500,809
Less net income attributable to noncontrolling interests 2,414 4,212 7,980 34,672
Net income attributable to the Company $ 26,638 $ 45,222 $ 95,881 $ 466,137
Earnings per common share—net income attributable to common stockholders:        
Basic (in dollars per share) $ 0.19 $ 0.31 $ 0.67 $ 3.12
Diluted (in dollars per share) $ 0.19 $ 0.31 $ 0.67 $ 3.12
Weighted average number of common shares outstanding:        
Basic (in shares) 141,695 146,644 142,640 149,314
Diluted (in shares) 141,728 146,769 142,687 149,459