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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Minimum rents $ 142,883 $ 152,893 $ 285,290 $ 298,448
Percentage rents 1,515 2,060 3,399 3,978
Tenant recoveries 66,762 68,948 134,854 141,360
Other 12,889 13,519 26,698 28,783
Management Companies 10,496 10,003 21,038 21,899
Total revenues 234,545 247,423 471,279 494,468
Expenses:        
Shopping center and operating expenses 68,072 71,032 142,582 146,929
Management Companies' operating expenses 20,966 26,216 59,289 54,733
REIT general and administrative expenses 4,956 7,458 12,975 15,921
Costs related to shareholder activism 19,369 0 19,369 0
Depreciation and amortization 78,868 83,243 158,805 166,316
Total expenses before interest 192,231 187,949 393,020 383,899
Interest (income) expense:        
Related parties (2,762) 2,181 7,407 4,392
Other 41,677 40,140 84,143 79,230
Total interest expense 38,915 42,321 91,550 83,622
Total expenses 231,146 230,270 484,570 467,521
Equity in income of unconsolidated joint ventures 15,669 16,936 32,541 32,779
Co-venture expense 0 (4,123) 0 (8,000)
Income tax (expense) benefit (684) (437) 2,265 3,047
(Loss) gain on sale or write down of assets, net (9,518) (477) (47,030) 49,088
Net income (loss) 8,866 29,052 (25,515) 103,861
Less net income attributable to noncontrolling interests 1,050 2,414 242 7,980
Net income (loss) attributable to the Company $ 7,816 $ 26,638 $ (25,757) $ 95,881
Earnings per common share—attributable to common stockholders:        
Basic (in dollars per share) $ 0.05 $ 0.19 $ (0.19) $ 0.67
Diluted (in dollars per share) $ 0.05 $ 0.19 $ (0.19) $ 0.67
Weighted average number of common shares outstanding:        
Basic (in shares) 141,137 141,695 141,081 142,640
Diluted (in shares) 141,137 141,728 141,081 142,687