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Quarterly Financial Information (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract] |
Schedule of selected quarterly financial data for the company | The following table sets forth the selected quarterly financial data for the Company ($ in thousands, except per share amounts).
|  | For the Quarters Ended
|  | December 31, |  | September 30, |  | June 30, |  | March 31,
2012(1): |  |  |  |  |  |  |  |
Revenue |  | $ | 93,713 |  |  | $ | 95,159 |  |  | $ | 108,647 |  |  | $ | 102,953 |
Net income (loss) |  | $ | (79,948 | ) |  | $ | (64,306 | ) |  | $ | (51,129 | ) |  | $ | (46,048 | )
Earnings per common share data: |  |  |  |  |  |  |  |
Net income (loss) attributable to iStar Financial Inc. |  | $ | (87,424 | ) |  | $ | (71,784 | ) |  | $ | (58,996 | ) |  | $ | (54,792 | )
Basic earnings per share |  | $ | (1.04 | ) |  | $ | (0.86 | ) |  | $ | (0.70 | ) |  | $ | (0.66 | )
Diluted earnings per share |  | $ | (1.04 | ) |  | $ | (0.86 | ) |  | $ | (0.70 | ) |  | $ | (0.66 | )
Weighted average number of common shares—basic |  | 83,674 |  |  | 83,629 |  |  | 84,113 |  |  | 83,556 |
Weighted average number of common shares—diluted |  | 83,674 |  |  | 83,629 |  |  | 84,113 |  |  | 83,556 |
Earnings per HPU share data: |  |  |  |  |  |  |  |
Net income (loss) attributable to iStar Financial Inc. |  | $ | (2,966 | ) |  | $ | (2,436 | ) |  | $ | (1,991 | ) |  | $ | (1,861 | )
Basic earnings per share |  | $ | (197.73 | ) |  | $ | (162.40 | ) |  | $ | (132.73 | ) |  | $ | (124.07 | )
Diluted earnings per share |  | $ | (197.73 | ) |  | $ | (162.40 | ) |  | $ | (132.73 | ) |  | $ | (124.07 | )
Weighted average number of HPU shares—basic and diluted |  | 15 |  |  | 15 |  |  | 15 |  |  | 15 |
2011(2): |  |  |  |  |  |  |  |
Revenue |  | $ | 104,731 |  |  | $ | 105,841 |  |  | $ | 136,610 |  |  | $ | 117,887 |
Net income (loss) |  | $ | (28,915 | ) |  | $ | (54,661 | ) |  | $ | (26,020 | ) |  | $ | 83,902 |
Earnings per common share data: |  |  |  |  |  |  |  |
Net income (loss) attributable to iStar Financial Inc. |  | $ | (35,202 | ) |  | $ | (62,231 | ) |  | $ | (35,525 | ) |  | $ | 67,420 |
Basic earnings per share |  | $ | (0.43 | ) |  | $ | (0.71 | ) |  | $ | (0.38 | ) |  | $ | 0.73 |
Diluted earnings per share |  | $ | (0.43 | ) |  | $ | (0.71 | ) |  | $ | (0.38 | ) |  | $ | 0.71 |
Weighted average number of common shares—basic |  | 81,769 |  |  | 87,951 |  |  | 92,621 |  |  | 92,458 |
Weighted average number of common shares—diluted |  | 81,769 |  |  | 87,951 |  |  | 92,621 |  |  | 94,609 |
Earnings per HPU share data: |  |  |  |  |  |  |  |
Net income (loss) attributable to iStar Financial Inc. |  | $ | (1,222 | ) |  | $ | (2,008 | ) |  | $ | (1,089 | ) |  | $ | 2,070 |
Basic earnings per share |  | $ | (81.47 | ) |  | $ | (133.87 | ) |  | $ | (72.60 | ) |  | $ | 138.00 |
Diluted earnings per share |  | $ | (81.47 | ) |  | $ | (133.87 | ) |  | $ | (72.60 | ) |  | $ | 135.07 |
Weighted average number of HPU shares—basic and diluted |  | 15 |  |  | 15 |  |  | 15 |  |  | 15 |
Explanatory Notes: _______________________________________________________________________________
(1) | During the quarter ended December 31, 2012, the Company recorded a loss on early extinguishment of debt of $31.0 million primarily related to a prepayment penalty on the early repayment of 8.625% Senior Notes, as well as a loss due to the acceleration of unamortized fees and discounts related to the refinancing of the 2011 Secured Credit Facilities (see Note 8). The Company also recorded $27.9 million related to Income from sales of residential property. During the quarter ended March 31, 2012, the Madison Funds recorded a significant gain related to the sale of an investment for which the Company recorded its $13.7 million proportionate share.
(2) | During the quarter ended December 31, 2011, the Company sold a substantial portion of its interests in Oak Hill Advisors, L.P. and related entities which resulted in a net gain of $30.3 million (see Note 6). During the quarter ended June 30, 2011, the Company recorded interest income of $26.3 million related to certain non-performing loans that were resolved, including interest not previously recorded due to the loans being on non-accrual status. During the quarter ended March 31, 2011, the Company recorded a gain on early extinguishment of debt of $109.0 million for the redemption of its $312.3 million remaining principal amount of 10% senior secured notes due June 2014.

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- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and 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=20225539&loc=d3e1280-108306 + Details
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