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Quarterly Financial Information (Unaudited) (Tables)
 12 Months Ended
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.