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Summary of Quarterly Financial Information (Unaudited) | 12 Months Ended
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Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract] |
Summary of Quarterly Financial Information (unaudited) | Summary of Quarterly Financial Information (unaudited) The quarterly results of operations of the Company for the years ended December 31, 2016 and 2015 are as follows (in thousands, except per share amounts):
|  | Three Months Ended (a, b, c, d)
|  | March 31, 2016 |  | June 30, 2016 |  | September 30, 2016 |  | December 31, 2016
Revenues |  | $ | 48,045 |  |  | $ | 43,918 |  |  | $ | 43,855 |  |  | $ | 54,121 |
Net income |  | 73,875 |  |  | 26,155 |  |  | 326 |  |  | 34,236 |
Net (income) loss attributable to noncontrolling interests |  | (44,950 | ) |  | (8,237 | ) |  | 5,786 |  |  | (14,415 | )
Net income attributable to Acadia |  | 28,925 |  |  | 17,918 |  |  | 6,112 |  |  | 19,821 |
Earnings per share attributable to Acadia: |  |  |  |  |  |  |  |
Basic |  | $ | 0.40 |  |  | $ | 0.24 |  |  | $ | 0.08 |  |  | $ | 0.24 |
Diluted |  | 0.40 |  |  | 0.24 |  |  | 0.08 |  |  | 0.24 |
Weighted average number of shares: |  |  |  |  |  |  |  |
Basic |  | 70,756 |  |  | 72,896 |  |  | 78,449 |  |  | 82,728 |
Diluted |  | 71,215 |  |  | 72,896 |  |  | 78,624 |  |  | 82,728 |
Cash dividends declared per Common Share |  | $ | 0.25 |  |  | $ | 0.25 |  |  | $ | 0.25 |  |  | $ | 0.41 |
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(a) | The three months ended March 31, 2016 includes Fund III's $65.4 million gain on sale of its 65% consolidated interest in Cortlandt Town Center of which $49.4 million was attributable to noncontrolling interests (Note 2).
(b) | The three months ended June 30, 2016 includes a $16.6 million gain on sale of Fund III's consolidated Heritage Shops property of which $12.5 million was attributable to noncontrolling interests (Note 2).
(c) | The three months ended June 30, 2016, September 30, 2016 and December 31, 2016 reflect the impact of the de-consolidation of the Company's investment in the Brandywine portfolio, which was effective May 1, 2016 (Note 4).
(d) | The three months ended December 31, 2016 reflect the impact of an out-of-period adjustment resulting in a net decrease to net income of $4.2 million, of which $1.6 million was attributable to noncontrolling interests (Note 1).
|  | Three Months Ended (a, b, c)
|  | March 31, 2015 |  | June 30, 2015 |  | September 30, 2015 |  | December 31, 2015
Revenues |  | $ | 49,073 |  |  | $ | 49,176 |  |  | $ | 51,124 |  |  | $ | 51,286 |
Net income |  | 38,537 |  |  | 85,458 |  |  | 18,104 |  |  | 7,871 |
Net (income) loss attributable to noncontrolling interests |  | (21,990 | ) |  | (58,963 | ) |  | (4,328 | ) |  | 1,019 |
Net income attributable to Acadia |  | 16,547 |  |  | 26,495 |  |  | 13,776 |  |  | 8,890 |
Earnings per share attributable to Acadia: |  |  |  |  |  |  |  |
Basic |  | $ | 0.24 |  |  | $ | 0.38 |  |  | $ | 0.20 |  |  | $ | 0.13 |
Diluted |  | 0.24 |  |  | 0.38 |  |  | 0.20 |  |  | 0.13 |
Weighted average number of shares: |  |  |  |  |  |  |  |
Basic |  | 68,295 |  |  | 68,825 |  |  | 68,943 |  |  | 69,328 |
Diluted |  | 68,360 |  |  | 68,870 |  |  | 68,957 |  |  | 69,330 |
Cash dividends declared per Common Share |  | $ | 0.24 |  |  | $ | 0.24 |  |  | $ | 0.24 |  |  | $ | 0.50 |
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(a) | The three months ended March 31, 2015 includes a gain on the disposition of Fund III's consolidated Lincoln Park Centre property of $27.1 million of which $21.7 million was attributable to noncontrolling interests (Note 2).
(b) | The three months ended June 30, 2015 includes: Acadia's $17.1 million share of the gain on disposition of Fund III's unconsolidated White City Shopping Center (Note 4); a $12.0 million gain on disposition of Fund II's consolidated Liberty Avenue property and a $49.9 million gain on disposition of Fund II's consolidated City Point property's air rights, of which a total of $15.8 million was attributable to noncontrolling interests (Note 2); and a $5.0 million asset impairment charge within the Brandywine portfolio inclusive of $3.9 million attributable to noncontrolling interests (Note 8).
(c) | The three months ended September 30, 2015 includes Acadia's $6.9 million share of the gain on disposition of Fund III's unconsolidated Parkway Crossing property of which $5.6 million was attributable to noncontrolling interests.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=68076893&loc=d3e1570-108306 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e765-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e725-108305 + Details
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