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Summary of Quarterly Financial Information (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Quarterly Financial Information | 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 Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=68076893&loc=d3e1280-108306 + Details
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