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Disposed Properties | 12 Months Ended
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Dec. 31, 2017
Discontinued Operations and Disposal Groups [Abstract] |
Disposed Properties | Disposed Properties The Company sold seven retail properties, one non-core property, and two single-user outparcels during the year ended December 31, 2017 for an aggregate gross disposition price of $244,066 and generated net proceeds from the sale of those properties of $198,243. The Company sold 28 retail properties, one non-core property, and University House during the year ended December 31, 2016 for an aggregate gross disposition price of $1,924,350 and generated net proceeds from those sales of $1,568,978. The Company sold 11 retail properties, five non-core properties, and one land parcel during the year ended December 31, 2015 for an aggregate gross disposition price of $196,600 and generated net proceeds from those sales of $196,583. Continuing operations, retail properties The following retail properties were sold during the year ended December 31, 2017. In addition, during the year ended December 31, 2017, the Company disposed of two single-user outparcels for a gross disposition price of $4,186. The Company recognized a net gain on sale from these seven retail properties and two single-user outparcels of $24,066 for the year ended December 31, 2017.
Property |  | Location |  | Disposition Date |  | Gross Disposition Price |  | Square Feet
Penn Park |  | Oklahoma City, OK |  | January 10, 2017 |  | $ | 29,050 |  |  | 242,000
Sparks Crossing |  | Sparks, NV |  | May 19, 2017 |  | 40,280 |  |  | 336,000
Lincoln Village |  | Chicago, IL |  | June 23, 2017 |  | 30,000 |  |  | 164,000
Pavilions at Hartman Heritage |  | Independence, MO |  | July 31, 2017 |  | 21,700 |  |  | 223,000
Legacy Crossing |  | Marion, OH |  | July 31, 2017 |  | 10,250 |  |  | 134,000
Heritage Plaza |  | Chicago, IL |  | September 28, 2017 |  | 21,350 |  |  | 132,000
Dothan Plaza |  | Dothan, AL |  | December 28, 2017 |  | 33,750 |  |  | 327,000
|  |  |  |  |  | $ | 186,380 |  |  | 1,558,000
In addition, the Company surrendered one retail property to the lender (in satisfaction of non-recourse debt) on May 17, 2017. The Company is not aware of any material outstanding commitments and contingencies related to this property. The Company recognized a gain on debt extinguishment of $882 related to this transaction as part of income from continuing operations for the year ended December 31, 2017. Discontinued operations, disposition of Worldgate Plaza On August 30, 2017, the Company sold Worldgate Plaza, the Company's remaining non-core office property for a gross disposition price of $53,500, and recognized a gain on the sale of this property of $10,115 as part of income from discontinued operations on the consolidated statements of operations and comprehensive income (loss) for the year ended December 31, 2017. The major classes of assets and liabilities of discontinued operations as of December 31, 2016 were as follows:
| December 31, 2016
Assets |
Land | $ | 9,564 |
Building and other improvements | 33,003 |
Total | 42,567 |
Less accumulated depreciation | (2,601 | )
Net investment properties | 39,966 |
Accounts and rents receivable (net of allowance of $49) | 1,566 |
Deferred costs and other assets | 903 |
Total assets | $ | 42,435 |
Liabilities |
Debt, net | $ | 59,942 |
Accounts payable and accrued expenses | 116 |
Other liabilities | 355 |
Total liabilities | $ | 60,413 |
The operations reflected in discontinued operations in the consolidated statements of operations and comprehensive income (loss) for the year ended December 31, 2017 includes Worldgate Plaza, for the year ended December 31, 2016 includes Worldgate Plaza, University House, and Highlands, and for the year ended December 31, 2015 includes Worldgate Plaza, University House, Highlands, and Xenia.
| Year ended December 31,
| 2017 |  | 2016 |  | 2015
Total income | $ | 3,935 |  |  | $ | 92,329 |  |  | $ | 265,076 |
Less: |  |  |  |  |
Depreciation and amortization expense | 1,205 |  |  | 32,667 |  |  | 77,736 |
Other expenses | 2,308 |  |  | 36,487 |  |  | 121,174 |
Provision for asset impairment | — |  |  | 106,514 |  |  | — |
Operating income (loss) from discontinued operations | 422 |  |  | (83,339 | ) |  | 66,166 |
Interest expense, income taxes, and other miscellaneous income | (6,696 | ) |  | (17,983 | ) |  | (37,476 | )
Equity in earnings of unconsolidated entity | — |  |  | (19 | ) |  | 89 |
Gain on sale of investment in unconsolidated entity | — |  |  | 1,434 |  |  | — |
Gain on sale of properties, net | 10,115 |  |  | 236,256 |  |  | — |
Loss on extinguishment of debt | (2 | ) |  | (2,826 | ) |  | — |
Net income from discontinued operations | 3,839 |  |  | 133,523 |  |  | 28,779 |
Less net income attributable to non-controlling interests | — |  |  | — |  |  | (15 | )
Net income from discontinued operations attributable to Company | $ | 3,839 |  |  | $ | 133,523 |  |  | $ | 28,764 |
Weighted average number of common shares outstanding, basic and diluted | 773,445,341 |  |  | 854,638,497 |  |  | 861,830,627 |
Net income per common share, from discontinued operations, basic and diluted | $ | — |  |  | $ | 0.15 |  |  | $ | 0.04 |

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
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