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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Operating lease income $ 45,799 $ 47,347
Interest income 26,697 29,058
Other income 15,320 11,864
Land development revenue 276,429 20,050
Total revenues 364,245 108,319
Costs and expenses:    
Interest expense 45,182 51,145
Real estate expense 36,180 35,590
Land development cost of sales 223,407 15,910
Depreciation and amortization 11,110 12,280
General and administrative [1] 28,814 25,173
Recovery of loan losses (855) (4,928)
Impairment of assets 4,100 4,413
Other expense 1,166 1,869
Total costs and expenses 349,104 141,452
Income (loss) before earnings from equity method investments and other items 15,141 (33,133)
Loss on early extinguishment of debt, net (372) (210)
Earnings from equity method investments 3,332 5,702
Income (loss) from continuing operations before income taxes 18,101 (27,641)
Income tax expense (121) (607)
Income (loss) from continuing operations 17,980 (28,248)
Income from discontinued operations 0 4,766
Income from sales of real estate [2] 17,048 8,110
Net income (loss) 35,028 (15,372)
Net (income) loss attributable to noncontrolling interests (95) 1,100
Net income (loss) attributable to iStar Inc. 34,933 (14,272)
Preferred dividends (8,124) (12,830)
Net income (loss) allocable to common shareholders $ 26,809 $ (27,102)
Income (loss) attributable to iStar Inc. from continuing operations:    
Basic (in dollars per share) $ 0.39 $ (0.44)
Diluted (in dollars per share) 0.35 (0.44)
Net income (loss) attributable to iStar Inc.:    
Basic (in dollars per share) 0.39 (0.38)
Diluted (in dollars per share) $ 0.35 $ (0.38)
Weighted average number of common shares:    
Basic (in shares) 67,913 72,065
Weighted average common shares outstanding for diluted earnings per common share 83,670 72,065
Equity-based compensation $ 9,091 $ 5,881
All Performance Incentive Plans    
Weighted average number of common shares:    
Equity-based compensation $ 7,900 $ 5,000
[1] For the three months ended March 31, 2018 and 2017, includes $7.9 million and $5.0 million, respectively, of equity-based compensation associated with iPIP Plans (refer to Note 14). These plans are liability-based plans which are marked-to-market quarterly and such marks are based upon the performance of the assets underlying the plans as of the quarterly measurement dates; however, actual amounts cannot be determined until the end date of the plans and the ultimate repayment or monetization of the related assets.
[2] Income from sales of real estate represents gains from sales of real estate that do not qualify as discontinued operations