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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues:    
Operating lease income $ 54,937 $ 59,139
Interest income 33,219 34,896
Other income 11,541 10,564
Land development revenue 14,947 8,258
Total revenues 114,644 112,857
Costs and expenses:    
Interest expense 57,021 54,632
Real estate expense 34,305 39,634
Land development cost of sales 11,575 6,891
Depreciation and amortization 14,708 18,501
General and administrative 23,102 20,753
Provision for (recovery of) loan losses 1,506 4,293
Other expense 740 2,123
Total costs and expenses 142,957 146,827
Income (loss) before earnings from equity method investments and other items (28,313) (33,970)
Loss on early extinguishment of debt, net (125) (168)
Earnings from equity method investments 8,267 6,547
Income (loss) from continuing operations before income taxes (20,171) (27,591)
Income tax (expense) benefit 414 (5,878)
Income (loss) from continuing operations [1] (19,757) (33,469)
Income from sales of real estate 10,458 21,156
Net income (loss) (9,299) (12,313)
Net (income) loss attributable to noncontrolling interests 942 1,841
Net income (loss) attributable to iStar Inc. (8,357) (10,472)
Preferred dividends (12,830) (12,830)
Net (income) loss allocable to HPU holders and Participating Security holders [2],[3] 0 749
Net income (loss) allocable to common shareholders $ (21,187) $ (22,553)
Per common share data:    
Income (loss) attributable to iStar Inc. from continuing operations—Basic and diluted (in dollars per share) [1] $ (0.27) $ (0.26)
Net income (loss) attributable to iStar Inc.—Basic and diluted (in dollars per share) [1] $ (0.27) $ (0.26)
Weighted average number of common shares, Basic and diluted (in shares) [1] 77,060 85,497
Per HPU share data:    
Income (loss) attributable to iStar Inc. from continuing operations, Basic and diluted (in dollars per share) [1],[2] $ 0.00 $ (49.93)
Net income (loss) attributable to iStar Inc., Basic and diluted (in dollars per share) [1],[2] $ 0.00 $ (49.93)
Weighted average HPU shares, Basic and diluted (in shares) [1],[2] 0 15
[1] Income (loss) from continuing operations attributable to iStar Inc. was $(18.8) million and $(31.6) million for the three months ended March 31, 2016 and 2015, respectively. Refer to Note 15 for details on the calculation of earnings per share.
[2] All of the Company's outstanding High Performance Units ("HPUs") were repurchased and retired on August 13, 2015 (refer to Note 15)
[3] Participating Security holders are non-employee directors who hold common stock equivalents and restricted stock awards granted under the Company's Long Term Incentive Plans that are eligible to participate in dividends (refer to Note 14 and Note 15).