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v3.3.1.900

Consolidated Statements of Income - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013
REVENUES |  |  |
Property rentals | $ 138,688 | $ 136,628 | $ 135,908
Expense reimbursements | 69,227 | 64,186 | 60,551
Total revenues | 207,915 | 200,814 | 196,459
EXPENSES |  |  |
Operating, including fees to Vornado of $4,476, $4,516, and $4,196, respectively | 76,218 | 69,897 | 64,930
Depreciation and amortization | 31,086 | 29,196 | 28,987
General and administrative, including management fees to Vornado of $2,380 in each year | 5,406 | 5,032 | 5,026
Total expenses | 112,710 | 104,125 | 98,943
OPERATING INCOME | 95,205 | 96,689 | 97,516
Interest and other income, net | 5,949 | 2,434 | 1,527
Interest and debt expense | (24,239) | (32,068) | (44,540)
Income before income taxes | 76,915 | 67,055 | 54,503
Income tax (expense) benefit | (8) | 341 | 160
Income from continuing operations | 76,907 | 67,396 | 54,663
Income from discontinued operations | 0 | 529 | 2,252
Net income | $ 76,907 | $ 67,925 | $ 56,915
Income per common share- basic and diluted: |  |  |
Income from continuing operations (in dollars per share) | $ 15.04 | $ 13.19 | $ 10.70
Income from discontinued operations (in dollars per share) | 0 | 0.10 | 0.44
Net income per common share (in dollars per share) | $ 15.04 | $ 13.29 | $ 11.14
Weighted average shares outstanding (in shares) | 5,112,352 | 5,110,628 | 5,109,055

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