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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:        
Minimum rents $ 144,991 $ 154,018 $ 443,439 $ 457,514
Percentage rents 2,806 3,871 6,784 9,279
Tenant recoveries 72,897 74,447 214,257 230,568
Other 11,701 12,048 40,484 42,985
Management Companies 10,056 8,983 31,955 28,925
Total revenues 242,451 253,367 736,919 769,271
Expenses:        
Shopping center and operating expenses 75,598 76,310 222,527 229,544
Management Companies' operating expenses 22,046 23,285 76,779 75,484
REIT general and administrative expenses 5,287 6,930 21,208 23,240
Depreciation and amortization 83,147 86,976 249,463 259,097
Total expenses before interest 186,078 193,501 569,977 587,365
Interest expense:        
Related parties 2,175 2,224 6,567 6,752
Other 41,090 37,759 120,320 114,202
Total interest expense 43,265 39,983 126,887 120,954
Gain on extinguishment of debt, net 0 (5,284) 0 (1,709)
Total expenses 229,343 228,200 696,864 706,610
Equity in income of unconsolidated joint ventures 23,993 11,261 56,772 37,537
Co-venture expense (3,150) (3,006) (11,150) (9,507)
Income tax (expense) benefit (2,869) (905) 178 (2,736)
(Loss) gain on sale or write down of assets, net (11,854) (19,321) 37,234 426,050
Net income 19,228 13,196 123,089 514,005
Less net income (loss) attributable to noncontrolling interests 1,730 (534) 9,710 34,138
Net income attributable to the Company $ 17,498 $ 13,730 $ 113,379 $ 479,867
Earnings per common share—net income attributable to common stockholders:        
Basic (in dollars per share) $ 0.12 $ 0.09 $ 0.79 $ 3.25
Diluted (in dollars per share) $ 0.12 $ 0.09 $ 0.79 $ 3.25
Weighted average number of common shares outstanding:        
Basic (in shares) 141,299 143,923 142,188 147,504
Diluted (in shares) 141,310 144,036 142,223 147,630