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CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues:        
Rental and other property revenues (including $211 and $175 for the three months and $591 and $526 for the nine months ended 2015 and 2014, respectively, from related parties) $ 27,826 $ 19,326 $ 75,223 $ 57,986
Expenses:        
Property operating expenses (including $202 and $172 for the three months and $551 and $511 for the nine months ended 2015 and 2014, respectively, from related parties) 14,499 10,766 37,467 30,677
Depreciation and amortization 6,569 4,463 16,410 13,099
General and administrative (including $634 and $926 for the three months and $2,554 and $2,686 for the nine months ended 2015 and 2014, respectively, from related parties) 1,417 1,590 5,215 6,770
Net income fee to related party 232 (186) 567 514
Advisory fee to related party 3,024 2,225 7,625 6,670
Total operating expenses 25,741 18,858 67,284 57,730
Net operating income (loss) 2,085 468 7,939 256
Other income (expenses):        
Interest income (including $3,886 and $4,699 for the three months and $13,190 and $14,692 for the nine months ended 2015 and 2014, respectively, from related parties) 3,950 5,106 13,722 15,264
Other income (72) 1,332 4,040 1,738
Mortgage and loan interest (including $982 and $978 for the three months and $2,797 and $2,709 for the nine months ended 2015 and 2014, respectively, from related parties) (13,481) (9,901) (34,203) (28,651)
Loan charges and prepayment penalties (1,545) (1,044) (2,260) (2,626)
Earnings from unconsolidated subsidiaries and investees 81 320 276 266
Litigation settlement (expense) (85) (86) (203) 3,666
Total other expenses (11,152) (4,273) (18,628) (10,343)
Loss before gain on land sales, non-controlling interest, and taxes (9,067) (3,805) (10,689) (10,087)
Gain on sale of income producing properties 735   735  
Gain on land sales 1,958 40 7,861 634
Net income (loss) from continuing operations before taxes (6,374) (3,765) (2,093) (9,453)
Income tax benefit (expense) 16 786 107 5,030
Net income (loss) from continuing operations (6,358) (2,979) (1,986) (4,423)
Discontinued operations:        
Net income (loss) from discontinued operations 47 477 306 (454)
Gain on sale of real estate from discontinued operations   1,770   14,826
Income tax benefit (expense) from discontinued operations (16) (786) (107) (5,030)
Net income (loss) from discontinued operations 31 1,461 199 9,342
Net income (loss) (6,327) (1,518) (1,787) 4,919
Net income (loss) attributable to non-controlling interest 1,164 200 1,132 (1,170)
Net income attributable to American Realty Investors, Inc. (5,163) (1,318) (655) 3,749
Preferred dividend requirement (275) (428) (941) (1,653)
Net income applicable to common shares $ (5,438) $ (1,746) $ (1,596) $ 2,096
Earnings per share - basic        
Net income (loss) from continuing operations (in dollars per share) $ (0.35) $ (0.24) $ (0.12) $ (0.59)
Net income from discontinued operations (in dollars per share) 0.11 0.01 0.76
Net income applicable to common shares (in dollars per share) $ (0.35) (0.13) (0.11) 0.17
Earnings per share - diluted        
Net income (loss) from continuing operations (in dollars per share) $ (0.35) (0.24) (0.12) (0.59)
Net income (loss) from discontinued operations (in dollars per share) 0.11 0.01 0.76
Net income applicable to common shares (in dollars per share) $ (0.35) $ (0.13) $ (0.11) $ 0.17
Weighted average common shares used in computing earnings per share (in shares) 15,514,360 13,619,647 14,975,212 12,231,146
Weighted average common shares used in computing diluted earnings per share (in shares) 15,514,360 13,619,646 14,975,212 12,231,146
Amounts attributable to American Realty Investors, Inc.        
Net income (loss) from continuing operations $ (5,194) $ (2,779) $ (854) $ (5,593)
Net income (loss) from discontinued operations 31 1,461 199 9,342
Net income applicable to American Realty Investors, Inc. $ (5,163) $ (1,318) $ (655) $ 3,749