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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Operating lease income $ 47,002 $ 49,975 $ 94,349 $ 100,470
Interest income 28,645 34,400 57,703 67,620
Other income 139,510 10,096 151,374 21,636
Land development revenue 132,710 27,888 152,760 42,835
Total revenues 347,867 122,359 456,186 232,561
Costs and expenses:        
Interest expense 48,807 56,047 99,952 113,068
Real estate expense 34,684 35,328 70,274 69,572
Land development cost of sales 122,466 17,262 138,376 28,838
Depreciation and amortization 13,171 13,673 25,451 27,581
General and administrative 27,218 19,665 52,392 42,768
(Recovery of) provision for loan losses (600) 700 (5,528) 2,206
Impairment of assets 10,284 3,012 14,696 3,012
Other expense 16,276 3,182 18,145 3,922
Total costs and expenses 272,306 148,869 413,758 290,967
Income (loss) before earnings from equity method investments and other items 75,561 (26,510) 42,428 (58,406)
Loss on early extinguishment of debt, net (3,315) (1,457) (3,525) (1,582)
Earnings from equity method investments 5,515 39,447 11,217 47,714
Income (loss) from continuing operations before income taxes 77,761 11,480 50,120 (12,274)
Income tax (expense) benefit (1,644) 1,190 (2,251) 1,604
Income (loss) from continuing operations 76,117 12,670 47,869 (10,670)
Income from discontinued operations 173 3,633 4,939 7,214
Gain from discontinued operations 123,418 0 123,418 0
Income tax expense from discontinued operations (4,545) 0 (4,545) 0
Income from sales of real estate [1] 844 43,484 8,954 53,943
Net income 196,007 59,787 180,635 50,487
Net (income) loss attributable to noncontrolling interests (5,710) (8,825) (4,610) (7,883)
Comprehensive (income) loss attributable to noncontrolling interests (5,710) (8,825) (4,610) (7,883)
Net income attributable to iStar Inc. 190,297 50,962 176,025 42,604
Preferred dividends (12,830) (12,830) (25,660) (25,660)
Net (income) loss allocable to Participating Security holders [2] 0 (20) 0 (11)
Net income allocable to common shareholders $ 177,467 $ 38,112 $ 150,365 $ 16,933
Income attributable to iStar Inc. from continuing operations:        
Basic (in dollars per share) $ 0.81 $ 0.47 $ 0.37 $ 0.13
Diluted (in dollars per share) 0.69 0.34 0.35 0.13
Net income attributable to iStar Inc.:        
Basic (in dollars per share) 2.46 0.52 2.09 0.22
Diluted (in dollars per share) $ 2.04 $ 0.37 $ 1.76 $ 0.22
Weighted average number of common shares:        
Basic (in shares) 72,142 73,984 72,104 75,522
Weighted average common shares outstanding for diluted earnings per common share 88,195 118,510 88,156 75,872
[1] Income from sales of real estate represents gains from sales of real estate that do not qualify as discontinued operations.
[2] Participating Security holders are non-employee directors who hold common stock equivalents ("CSEs") 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).