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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues:      
Operating lease income $ 213,018 $ 229,720 $ 243,100
Interest income 129,153 134,687 122,704
Other income 46,515 49,931 81,033
Land development revenue 88,340 100,216 15,191
Total revenues 477,026 514,554 462,028
Costs and expenses:      
Interest expense 221,398 224,639 224,483
Real estate expense 138,422 146,750 163,389
Land development cost of sales 62,007 67,382 12,840
Depreciation and amortization 54,329 65,247 73,571
General and administrative 84,027 81,277 88,287
(Recovery of) provision for loan losses (12,514) 36,567 (1,714)
Impairment of assets 14,484 10,524 34,634
Other expense 5,883 6,374 6,340
Total costs and expenses 568,036 638,760 601,830
Income (loss) before earnings from equity method investments and other items (91,010) (124,206) (139,802)
Loss on early extinguishment of debt, net (1,619) (281) (25,369)
Earnings from equity method investments 77,349 32,153 94,905
Income (loss) from operations before income taxes (15,280) (92,334) (70,266)
Income tax benefit (expense) 10,166 (7,639) (3,912)
Income (loss) from operations (5,114) (99,973) (74,178)
Income from sales of real estate 105,296 93,816 89,943
Net income (loss) 100,182 (6,157) 15,765
Net (income) loss attributable to noncontrolling interests (4,876) 3,722 704
Net income (loss) attributable to iStar Inc. 95,306 (2,435) 16,469
Preferred dividends (51,320) (51,320) (51,320)
Net (income) loss allocable to HPU holders and Participating Security holders [1],[2] (14) 1,080 1,129
Net income (loss) allocable to common shareholders $ 43,972 $ (52,675) $ (33,722)
Income (loss) attributable to iStar Inc. from operations:      
Basic (in dollars per share) $ 0.60 $ (0.62) $ (0.40)
Diluted (in dollars per share) 0.55 (0.62) (0.40)
Net income (loss) attributable to iStar Inc.:      
Basic (in dollars per share) 0.60 (0.62) (0.40)
Diluted (in dollars per share) $ 0.55 $ (0.62) $ (0.40)
Weighted average number of common shares:      
Basic (in shares) 73,453 84,987 85,031
Diluted (in shares) 98,467 84,987 85,031
Per HPU share data:      
Income (loss) attributable to iStar Inc. from operations—Basic and diluted (in dollars per share) [1] $ 0.00 $ (120.00) $ (75.27)
Net income (loss) attributable to iStar Inc.—Basic and diluted (in shares) [1] $ 0.00 $ (120.00) $ (75.27)
Weighted average number of HPU share—Basic and diluted (in shares) [1] 0 9 15
[1] All of the Company's outstanding High Performance Units ("HPUs") were repurchased and retired on August 13, 2015 (refer to Note 13).
[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).