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Summary of Quarterly Financial Information (Unaudited) | 12 Months Ended
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Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract] |
Summary of Quarterly Financial Information (Unaudited) | 16. Summary of Quarterly Financial Information (Unaudited) The quarterly results of operations of the Company for the years ended December 31, 2019 and 2018 are as follows (in thousands, except per share amounts):
|  | Three Months Ended (a, b, c, d, e) |
|  | March 31, 2019 |  |  | June 30, 2019 |  |  | September 30, 2019 |  |  | December 31, 2019 |
Revenues |  | $ | 73,985 |  |  | $ | 70,229 |  |  | $ | 73,327 |  |  | $ | 77,786 |
Net income (loss) |  |  | 2,936 |  |  |  | (5,237 | ) |  |  | 8,840 |  |  |  | 14,665 |
Net loss attributable to noncontrolling interests |  |  | 9,261 |  |  |  | 14,317 |  |  |  | 1,618 |  |  |  | 6,645 |
Net income attributable to Acadia |  |  | 12,197 |  |  |  | 9,080 |  |  |  | 10,458 |  |  |  | 21,310 |
Earnings per share attributable to Acadia: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.15 |  |  | $ | 0.11 |  |  | $ | 0.12 |  |  | $ | 0.24 |
Diluted |  |  | 0.15 |  |  |  | 0.11 |  |  |  | 0.12 |  |  |  | 0.24 |
Weighted average number of shares: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 82,037 |  |  |  | 83,704 |  |  |  | 84,888 |  |  |  | 87,058 |
Diluted |  |  | 82,037 |  |  |  | 83,704 |  |  |  | 84,888 |  |  |  | 87,058 |
Cash dividends declared per Common Share |  | $ | 0.28 |  |  | $ | 0.28 |  |  | $ | 0.28 |  |  | $ | 0.29 |
(a) | The quarter ended June 30, 2019 includes an impairment charge of $1.4 million and the quarter ended September 30, 2019 includes an impairment charge of $0.3 million, of which the Company’s aggregate share was $0.4 million (Note 8)
(b) | The quarter ended September 30, 2019 includes an aggregate gain on disposition of two consolidated properties and one condominium unit at Fund IV and one consolidated property at Fund III of $12.1 million, of which the Company’s share was $2.8 million (Note 2).
(c) | The quarter ended December 31, 2019 includes a net gain on disposition of a consolidated Core property of $16.3 million, of which the Company’s share was $16.7 million (Note 2).
(d) | The quarter ended September 30, 2019 includes a deferred gain on tax credits at Fund II of which the Company’s share was $1.4 million (Note 7).
(e) | Revenues for the quarters ended March 31, 2019 and June 30, 2019 have each been revised to reflect the reclassifications of credit losses of $0.8 million (Note 1).
|  | Three Months Ended (a, b) |
|  | March 31, 2018 |  |  | June 30, 2018 |  |  | September 30, 2018 |  |  | December 31, 2018 |
Revenues |  | $ | 62,226 |  |  | $ | 62,201 |  |  | $ | 65,527 |  |  | $ | 69,727 |
Net income |  |  | (4,160 | ) |  |  | (2,270 | ) |  |  | (2,597 | ) |  |  | (6,671 | )
Net (income) loss attributable to noncontrolling interests |  |  | 11,579 |  |  |  | 9,935 |  |  |  | 11,822 |  |  |  | 13,801 |
Net income attributable to Acadia |  |  | 7,419 |  |  |  | 7,665 |  |  |  | 9,225 |  |  |  | 7,130 |
Earnings per share attributable to Acadia: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Diluted |  | $ | 0.09 |  |  | $ | 0.09 |  |  | $ | 0.11 |  |  | $ | 0.09 |
|  |  | 0.09 |  |  |  | 0.09 |  |  |  | 0.11 |  |  |  | 0.09 |
Weighted average number of shares: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 83,434 |  |  |  | 81,756 |  |  |  | 81,566 |  |  |  | 81,591 |
Diluted |  |  | 83,438 |  |  |  | 81,756 |  |  |  | 81,566 |  |  |  | 81,591 |
Cash dividends declared per Common Share |  | $ | 0.27 |  |  | $ | 0.27 |  |  | $ | 0.27 |  |  | $ | 0.28 |
(a) | Credit losses aggregating $2.5 million have been reclassified from property operating expense to revenues in each of the quarters in the year ended December 31, 2018 to conform to the current period presentation (Note 1).
(b) | The three months ended September 30, 2018 includes an aggregate $5.1 million gain on the sales of two consolidated Fund IV properties (Note 2), of which $3.9 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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