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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Operating lease income $ 187,684 $ 191,180 $ 211,207
Interest income 106,548 129,153 134,687
Other income 188,091 46,514 49,924
Land development revenue 196,879 88,340 100,216
Total revenues 679,202 455,187 496,034
Costs and expenses:      
Interest expense 194,686 221,398 224,639
Real estate expense 147,617 137,522 146,509
Land development cost of sales 180,916 62,007 67,382
Depreciation and amortization 49,033 51,660 62,045
General and administrative 98,882 84,027 81,277
(Recovery of) provision for loan losses (5,828) (12,514) 36,567
Impairment of assets 32,379 14,484 10,524
Other expense 20,954 5,883 6,374
Total costs and expenses 718,639 564,467 635,317
Income (loss) before earnings from equity method investments and other items (39,437) (109,280) (139,283)
Loss on early extinguishment of debt, net (14,724) (1,619) (281)
Earnings from equity method investments 13,015 77,349 32,153
Income (loss) from continuing operations before income taxes (41,146) (33,550) (107,411)
Income tax benefit (expense) 948 10,166 (7,639)
Income (loss) from continuing operations (40,198) (23,384) (115,050)
Income from discontinued operations 4,939 18,270 15,077
Gain from discontinued operations 123,418 0 0
Income from sales of real estate 92,049 105,296 93,816
Net income (loss) 180,208 100,182 (6,157)
Net (income) loss attributable to noncontrolling interests (4,526) (4,876) 3,722
Net income (loss) attributable to iStar Inc. 175,682 95,306 (2,435)
Preferred dividends (64,758) (51,320) (51,320)
Net (income) loss allocable to HPU holders and Participating Security holders [1],[2] 0 (14) 1,080
Net income (loss) allocable to common shareholders $ 110,924 $ 43,972 $ (52,675)
Income (loss) attributable to iStar Inc. from continuing operations:      
Basic (in dollars per share) $ (0.25) $ 0.35 $ (0.79)
Diluted (in dollars per share) (0.25) 0.35 (0.79)
Net income (loss) attributable to iStar Inc.:      
Basic (in dollars per share) 1.56 0.60 (0.62)
Diluted (in dollars per share) $ 1.56 $ 0.60 $ (0.62)
Weighted average number of common shares:      
Basic (in shares) 71,021 73,453 84,987
Diluted (in shares) 71,021 73,835 84,987
Per HPU share data:      
Income (loss) attributable to iStar Inc. from operations—Basic and diluted (in dollars per share) [1] $ 0.00 $ 0.00 $ (153.67)
Net income (loss) attributable to iStar Inc.—Basic and diluted (in shares) [1] $ 0.00 $ 0.00 $ (120.00)
Weighted average number of HPU share—Basic and diluted (in shares) [1] 0 0 9
[1] All of the Company's outstanding High Performance Units ("HPUs") were repurchased and retired on August 13, 2015 (refer to Note 13).
[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).