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v3.7.0.1

Consolidated Statements Of Income - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016
Revenues: |  |  |  |
Rental income | $ 65,735 | $ 57,028 | $ 128,873 | $ 112,102
Interest income from mortgage and other notes | 3,992 | 3,307 | 7,081 | 6,468
Investment income and other | 109 | 869 | 271 | 1,652
Revenues | 69,836 | 61,204 | 136,225 | 120,222
Expenses: |  |  |  |
Depreciation | 16,829 | 14,695 | 32,983 | 28,429
Interest, including amortization of debt discount and issuance costs | 11,828 | 10,666 | 23,489 | 20,928
Legal | 146 | 124 | 202 | 250
Franchise, excise and other taxes | 267 | 273 | 534 | 555
General and administrative | 2,521 | 2,120 | 6,630 | 5,048
Loan and realty losses (recoveries) | 0 | 14,726 | 0 | 14,726
Total operating expenses | 31,591 | 42,604 | 63,838 | 69,936
Income before equity-method investee, TRS tax benefit, investment and other gains and noncontrolling interest | 38,245 | 18,600 | 72,387 | 50,286
Loss from equity-method investee | 0 | (57) | 0 | (460)
Income tax benefit attributable to taxable REIT subsidiary | 0 | 23 | 0 | 184
Investment and other gains | 0 | 26,415 | 10,088 | 28,080
Net income | 38,245 | 44,981 | 82,475 | 78,090
Less: net income attributable to noncontrolling interest | 0 | (386) | 0 | (770)
Net income attributable to common stockholders | $ 38,245 | $ 44,595 | $ 82,475 | $ 77,320
Weighted average common shares outstanding: |  |  |  |
Basic | 40,982,244 | 38,520,221 | 40,468,024 | 38,460,934
Diluted | 41,245,173 | 38,561,384 | 40,679,345 | 38,488,088
Basic: |  |  |  |
Net income per common share attributable to common stockholders | $ 0.93 | $ 1.16 | $ 2.04 | $ 2.01
Diluted: |  |  |  |
Net income per common share attributable to common stockholders | $ 0.93 | $ 1.16 | $ 2.03 | $ 2.01

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