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Selected Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Data [Abstract]  
Selected Quarterly Financial Data (Unaudited)
Selected Quarterly Financial Data (Unaudited):
2016 Quarters
 
First
 
Second
 
Third
 
Fourth
 
Full Year
Total revenues
 
$
41,781

 
$
63,556

 
$
96,382

 
$
39,396

 
$
241,115

Operating income (loss)
 
2,401

 
4,323

 
26,580

 
(264
)
 
33,040

Equity in earnings of unconsolidated entities
 
1,290

 
—

 
—

 
—

 
1,290

Gain on purchase of controlling interest of investment in unconsolidated entity
 
—

 
30,025

 
—

 
—

 
30,025

Income tax provision
 
—

 
—

 
(3,070
)
 
4,424

 
1,354

Income (loss) from continuing operations
 
1,177

 
32,188

 
20,701

 
2,046

 
56,112

Discontinued operations(1)
 
(523
)
 
9,964

 
—

 
250

 
9,691

Gain on sale of real estate
 
—

 
911

 
—

 
(766
)
 
145

Gain from sale of unconsolidated entities
 
—

 
—

 
—

 
—

 
—

Net income (loss)
 
$
654

 
$
43,063

 
$
20,701

 
$
1,530

 
$
65,948

Weighted average number of shares outstanding (basic and diluted)
 
325,183

 
325,183

 
325,183

 
325,183

 
325,183

Earnings (loss) per share of common stock (basic and diluted)
 
$
—

 
$
0.13

 
$
0.06

 
$
0.01

 
$
0.20

 
 
 
 
 
 
 
 
 
 
 
2015 Quarters
 
First
 
Second
 
Third
 
Fourth
 
Full Year
Total revenues
 
$
71,992

 
$
85,659

 
$
127,600

 
$
52,414

 
$
337,665

Operating income (loss)
 
(7,767
)
 
(7,964
)
 
35,751

 
(131,195
)
 
(111,175
)
Equity in earnings (loss) of unconsolidated entities
 
3,561

 
(783
)
 
1,162

 
2,213

 
6,153

Income tax provision
 
—

 
(666
)
 
(8,449
)
 
(663
)
 
(9,778
)
Income (loss) from continuing operations
 
(15,267
)
 
(39,149
)
 
25,571

 
(131,779
)
 
(160,624
)
Discontinued operations(1)
 
7,052

 
199,720

 
7,614

 
(9,715
)
 
204,671

Gain (loss) on sale of real estate
 
—

 
27,337

 
(1,064
)
 
20,321

 
46,594

Gain from sale of unconsolidated entity
 
—

 
39,252

 
—

 
—

 
39,252

Net income (loss)
 
$
(8,215
)
 
$
227,160

 
$
32,121

 
$
(121,173
)
 
$
129,893

Weighted average number of shares outstanding (basic and diluted)
 
325,183

 
325,183

 
325,183

 
325,183

 
325,183

Earnings (loss) per share of common stock (basic and diluted)
 
$
(0.03
)
 
$
0.70

 
$
0.10

 
$
(0.37
)
 
$
0.40

 
 
FOOTNOTE:
(1)
The Company classified certain properties as assets held for sale and reclassified the results related to those properties which met the criteria of discontinued operations under ASU 2014-08 as discontinued operations for all periods presented.