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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues:      
Total revenues $ 798,122 $ 679,202 $ 455,187
Costs and expenses:      
Interest expense 183,751 194,686 221,398
Depreciation and amortization 58,699 49,033 51,660
General and administrative [1] 92,135 98,882 84,027
Provision for (recovery of) loan losses 16,937    
Provision for (recovery of) loan losses   (5,828) (12,514)
Impairment of assets 147,108 32,379 14,484
Other expense 6,040 20,954 5,883
Total costs and expenses 994,140 718,639 564,467
Income from sales of real estate 126,004 92,049 105,296
Income (loss) from operations before earnings from equity method investments and other items (70,014) 52,612 (3,984)
Loss on early extinguishment of debt, net (10,367) (14,724) (1,619)
Earnings (losses) from equity method investments (5,007) 13,015 77,349
Gain on consolidation of equity method investment 67,877 0 0
Income (loss) from continuing operations before income taxes (17,511) 50,903 71,746
Income tax benefit (expense) (815) 948 10,166
Income (loss) from continuing operations (18,326) 51,851 81,912
Income from discontinued operations 0 4,939 18,270
Gain from discontinued operations 0 123,418 0
Net income (loss) (18,326) 180,208 100,182
Net income attributable to noncontrolling interests (13,936) (4,526) (4,876)
Net income (loss) attributable to iStar Inc. (32,262) 175,682 95,306
Preferred dividends (32,495) (64,758) (51,320)
Net income allocable to Participating Security holders(2) [2] 0 0 (14)
Net income (loss) allocable to common shareholders $ (64,757) $ 110,924 $ 43,972
Income (loss) attributable to iStar Inc. from continuing operations:      
Basic (in dollars per share) $ (0.95) $ (0.25) $ 0.35
Diluted (in dollars per share) (0.95) (0.25) 0.35
Net income (loss) attributable to iStar Inc.:      
Basic (in dollars per share) (0.95) 1.56 0.60
Diluted (in dollars per share) $ (0.95) $ 1.56 $ 0.60
Weighted average number of common shares:      
Basic (in shares) 67,958 71,021 73,453
Diluted (in shares) 67,958 71,021 73,835
Equity-based compensation $ 17,563 $ 18,812 $ 10,889
Operating lease income      
Revenues:      
Total revenues 208,192 187,684 191,180
Interest income      
Revenues:      
Total revenues 97,878 106,548 129,153
Other income      
Revenues:      
Total revenues 82,342 188,091 46,514
Land development      
Revenues:      
Total revenues 409,710 196,879 88,340
Costs and expenses:      
Cost of sales expense 350,181 180,916 62,007
Real estate      
Costs and expenses:      
Cost of sales expense 139,289 147,617 137,522
iPIP Plans      
Weighted average number of common shares:      
Equity-based compensation $ 15,400 $ 14,900 $ 5,800
[1] For the years ended December 31, 2018, 2017 and 2016, includes $15.4 million, $14.9 million and $5.8 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] 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).