XML 71 R48.htm IDEA: XBRL DOCUMENT v3.3.1.900
QUARTERLY INFORMATION (UNAUDITED) (Tables)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Information
Year Ended December 31, 2015
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Total (1)
Total revenues
$
260,909

 
$
253,843

 
$
262,636

 
$
277,630

 
$
1,055,018

Income from operations (2)
85,032

 
89,858

 
94,007

 
8,687

 
277,584

Income (loss) from continuing operations (3)
53,205

 
48,331

 
44,432

 
(26,953
)
 
119,015

Net income (loss)
53,205

 
48,331

 
44,432

 
(26,953
)
 
119,015

Net income (loss) attributable to the Company
46,164

 
41,895

 
37,569

 
(22,257
)
 
103,371

Net income (loss) attributable to common shareholders
34,941

 
30,672

 
26,346

 
(33,480
)
 
58,479

Basic per share data attributable to common shareholders:
 
 
 

 
 

 
 

 
 

Income (loss) from continuing operations, net of preferred dividends
$
0.21

 
$
0.18

 
$
0.15

 
$
(0.20
)
 
$
0.34

Net income (loss) attributable to common shareholders
$
0.21

 
$
0.18

 
$
0.15

 
$
(0.20
)
 
$
0.34

Diluted per share data attributable to common shareholders:
 
 
 

 
 

 
 

 
 

Income (loss) from continuing operations, net of preferred dividends
$
0.20

 
$
0.18

 
$
0.15

 
$
(0.20
)
 
$
0.34

Net income (loss) attributable to common shareholders
$
0.20

 
$
0.18

 
$
0.15

 
$
(0.20
)
 
$
0.34

Year Ended December 31, 2014
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Total 
Total revenues
$
261,243

 
$
256,933

 
$
258,714

 
$
283,849

 
$
1,060,739

Income from operations (4)
76,169

 
97,253

 
97,386

 
104,335

 
375,143

Income from continuing operations (5)
64,292

 
44,077

 
57,204

 
87,406

 
252,979

Discontinued operations
(516
)
 
48

 
76

 
446

 
54

Net income
63,776

 
44,125

 
57,280

 
87,852

 
253,033

Net income attributable to the Company
55,294

 
37,958

 
49,342

 
76,556

 
219,150

Net income attributable to common shareholders
44,071

 
26,735

 
38,119

 
65,333

 
174,258

Basic per share data attributable to common shareholders:
 

 
 

 
 

 
 

 
 

Income from continuing operations, net of preferred dividends
$
0.26

 
$
0.16

 
$
0.22

 
$
0.38

 
$
1.02

Net income attributable to common shareholders
$
0.26

 
$
0.16

 
$
0.22

 
$
0.38

 
$
1.02

Diluted per share data attributable to common shareholders:
 

 
 

 
 

 
 

 
 

Income from continuing operations, net of preferred dividends
$
0.26

 
$
0.16

 
$
0.22

 
$
0.38

 
$
1.02

Net income attributable to common shareholders
$
0.26

 
$
0.16

 
$
0.22

 
$
0.38

 
$
1.02

 
(1)
The sum of quarterly EPS may differ from annual EPS due to rounding.
(2)
Income from operations for the quarter ended December 31, 2015 includes a $102,280 loss on impairment of real estate primarily related to Chesterfield Mall (see Note 15).
(3)
Income from continuing operations for the quarter ended March 31, 2015 includes $16,560 gain on investment related to the sale of available-for-sale securities (see Note 2) and also includes $14,173 and $14,065 related to gain on sales of real estate assets for the quarters ended June 30, 2015 and December 31, 2015, respectively.
(4)
Income from operations for the quarter ended March 31, 2014 includes a $17,150 loss on impairment of real estate related to Chapel Hill Mall and Lakeshore Mall (see Note 4 and Note 15).
(5)
Income from continuing operations for the quarters ended March 31, 2014, September 30, 2014 and December 31, 2014 includes a $43,932, $18,296 and $27,171 gain on extinguishment of debt related to Citadel Mall, Chapel Hill Mall and Columbia Place, respectively (See Note 4 and Note 6).