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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME        
Rental income $ 62,092 $ 64,158 $ 186,864 $ 186,406
Expenses:        
Real estate taxes 7,735 7,027 22,819 21,005
Utility expenses 5,194 5,327 13,788 15,072
Other operating expenses 12,281 11,685 36,659 33,586
Depreciation and amortization 17,161 17,636 51,675 49,254
Loss on impairment of real estate   1,616   1,616
Acquisition related costs 270 110 459 1,290
General and administrative 3,714 4,329 11,431 11,537
Total expenses 46,355 47,730 136,831 133,360
Operating income 15,737 16,428 50,033 53,046
Interest and other income 2 10 14 68
Interest expense (including net amortization of debt premiums and discounts and deferred financing fees of $360, $373, $1020 and $926, respectively (9,137) (8,845) (27,894) (18,530)
Gain (Loss) on early extinguishment of Debt 34 (541) 34 (541)
Loss on issuance of shares by Select Income REIT (21) (39) (42,145) (39)
Loss on impairment of Select Income REIT investment     (203,297)  
Income (loss) from continuing operations before income taxes and equity in earnings of investees 6,615 7,013 (223,255) 34,004
Income tax benefit (expense) 13 (7) (49) (130)
Equity in earnings (losses) of investees 10,294 4,910 16,072 4,931
Income (loss) from continuing operations 16,922 11,916 (207,232) 38,805
Income (loss) from discontinued operations (11) 706 (390) 3,615
Net income (loss) 16,911 12,622 (207,622) 42,420
Other comprehensive income (loss):        
Equity in unrealized loss of investees (355) (45) (166) (3)
Other comprehensive loss (355) (45) (166) (3)
Comprehensive income (loss) $ 16,556 $ 12,577 $ (207,788) $ 42,417
Weighted average common shares outstanding (basic) (in shares) 71,004 65,481 70,589 58,300
Weighted average common shares outstanding (diluted) (in shares) 71,021 65,568 70,589 58,385
Per common share amounts (basic and diluted):        
Income (loss) from continuing operations (basic) (in dollars per share) $ 0.24 $ 0.18 $ (2.94) $ 0.67
Income (loss) from continuing operations (diluted) (in dollars per share) 0.24 0.18 (2.94) 0.66
Income (loss) from discontinued operations (basic and diluted)   0.01 (0.01) 0.06
Net income (loss) (basic and diluted) (in dollars per share) $ 0.24 $ 0.19 $ (2.94) $ 0.73