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CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Rental and other property revenues (including $174 and $173 for the three months and $347 and $343 for the six months ended 2016 and 2015, respectively, from related parties) $ 30,834 $ 24,241 $ 60,039 $ 47,397
Expenses:        
Property operating expenses (including $231 and $187 for the three months and $441 and $349 for the six months ended 2016 and 2015, respectively, from related parties) 15,191 11,301 30,407 22,969
Depreciation and amortization 5,868 5,137 11,698 9,841
General and administrative (including $942 and $912 for the three months and $1,860 and $1,920 for the six months ended 2016 and 2015, respectively, from related parties) 2,412 1,596 4,437 3,798
Net income fee to related party 54 45 126 335
Advisory fee to related party 2,687 2,309 5,425 4,601
Total operating expenses 26,212 20,388 52,093 41,544
Net operating income 4,622 3,853 7,946 5,853
Other income (expense):        
Interest income (including $4,504 and $4,246 for the three months and $10,029 and $9,113 for the six months ended 2016 and 2015 respectively, from related parties) 4,788 4,535 10,079 9,772
Other income 902 14 1,200 4,111
Mortgage and loan interest (including $1,355 and $920 for the three months and $2,447 and $1,815 for the six months ended 2016 and 2015, respectively, from related parties) (13,975) (9,794) (28,189) (21,439)
Earnings from unconsolidated subsidiaries and investees 129 151 284 196
Litigation settlement (expense)   (45)   (117)
Total other expenses (8,156) (5,139) (16,626) (7,477)
Loss before gains on sale of income producing properties and land, non-controlling interest, and taxes (3,534) (1,286) (8,680) (1,624)
Gain on sale of income producing properties 5,168   4,925  
Gain on land sales 1,719 3,027 3,370 5,903
Net income (loss) from continuing operations before tax 3,353 1,741 (385) 4,279
Income tax benefit (expense)   (12) 1 91
Net income (loss) from continuing operations 3,353 1,729 (384) 4,370
Discontinued operations:        
Net income (loss) from discontinued operations   (34) 3 260
Income tax benefit (expense) from discontinued operations   12 (1) (91)
Net income (loss) from discontinued operations   (22) 2 169
Net income (loss) 3,353 1,707 (382) 4,539
Net income attributable to non-controlling interests (864) (540) (334) (32)
Net income (loss) attributable to American Realty Investors, Inc. 2,489 1,167 (716) 4,507
Preferred dividend requirement (53) (275) (550) (665)
Net income (loss) applicable to common shares $ 2,436 $ 892 $ (1,266) $ 3,842
Earnings per share - basic        
Net income (loss) from continuing operations (in dollars per share) $ 0.16 $ 0.06 $ (0.08) $ 0.25
Net income from discontinued operations (in dollars per share)       0.01
Net income applicable to common shares (in dollars per share) 0.16 0.06 (0.08) 0.26
Earnings per share - diluted        
Net income (loss) from continuing operations (in dollars per share) 0.16 0.05 (0.08) 0.21
Net income (loss) from discontinued operations (in dollars per share)       0.01
Net income applicable to common shares (in dollars per share) $ 0.16 $ 0.05 $ (0.08) $ 0.22
Weighted average common shares used in computing earnings per share (in shares) 15,514,360 15,367,320 15,514,360 14,701,170
Weighted average common shares used in computing diluted earnings per share (in shares) 15,514,360 17,844,339 15,514,360 17,178,190
Amounts attributable to American Realty Investors, Inc.        
Net income (loss) from continuing operations $ 2,489 $ 1,189 $ (718) $ 4,338
Net income (loss) from discontinued operations   (22) 2 169
Net income applicable to American Realty Investors, Inc. $ 2,489 $ 1,167 $ (716) $ 4,507