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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues $ 66,075 $ 62,678 $ 192,768 $ 184,181
Operating expenses        
Depreciation and amortization 28,676 26,652 86,755 77,245
General and administrative 7,982 7,953 24,359 25,286
Real estate taxes 11,538 8,822 27,528 27,462
Property operating 10,661 9,417 33,523 26,978
Impairment charge   3,840   3,840
Other operating 270 250 655 987
Total operating expenses 59,127 56,934 172,820 161,798
Operating income 6,948 5,744 19,948 22,383
Equity in earnings of unconsolidated affiliates inclusive of gain on disposition of properties of $0, $0, $0 and $14,771, respectively 376 4,001 7,079 21,044
Interest income 3,513 6,461 10,539 23,648
Interest expense (18,077) (15,428) (50,882) (39,666)
(Loss) income from continuing operations before income taxes (7,240) 778 (13,316) 27,409
Income tax provision (464) (465) (851) (1,017)
(Loss) income from continuing operations before gain on disposition of properties (7,704) 313 (14,167) 26,392
Gain on disposition of properties, net of tax 5,107 12,972 5,140 12,972
Net (loss) income (2,597) 13,285 (9,027) 39,364
Net loss (income) attributable to noncontrolling interests 11,822 (418) 33,336 1,194
Net income attributable to Acadia $ 9,225 $ 12,867 $ 24,309 $ 40,558
Basic and diluted earnings per share (in dollars per share) $ 0.11 $ 0.15 $ 0.29 $ 0.48
Rental income        
Revenues $ 51,551 $ 51,707 $ 153,652 $ 148,760
Expense reimbursements        
Revenues 13,194 9,957 35,000 32,347
Other        
Revenues $ 1,330 $ 1,014 $ 4,116 $ 3,074