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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Rental income, net $ 84,880 $ 82,316 $ 163,101 $ 163,667
Income from investments in direct financing lease and loans 2,217 1,455 4,164 2,637
Real estate services fee income 1,458 1,478 2,683 3,183
Interest and other income 250 413 573 718
Net gain on lease termination 22,628 0 23,743 0
Total revenues 111,433 85,662 194,264 170,205
Expenses:        
Interest 16,783 10,872 31,968 20,939
Depreciation and amortization 28,917 28,189 53,813 56,830
Impairment on real estate investments and associated goodwill 0 29 0 5,528
General, administrative and professional fees 8,602 8,839 17,330 16,840
Deal costs 8,280 866 8,477 2,026
Loss on extinguishment of debt 386 345 386 1,102
Other expenses, net (1,513) 125 (600) 219
Total expenses 61,455 49,265 111,374 103,484
Income before income taxes, real estate dispositions and noncontrolling interests 49,978 36,397 82,890 66,721
Income tax expense (172) (129) (411) (550)
Gain on real estate dispositions 72,175 872 104,420 752
Net income 121,981 37,140 186,899 66,923
Net income attributable to noncontrolling interests 8 (11) 17 6
Net income attributable to common stockholders 121,973 37,151 186,882 66,917
Net income 121,981 37,140 186,899 66,923
Other comprehensive loss - derivatives (2,283) (6,144) (288) (11,935)
Total comprehensive income 119,698 30,996 186,611 54,988
Comprehensive income attributable to noncontrolling interests 8 (11) 17 6
Comprehensive income attributable to common stockholders $ 119,690 $ 31,007 $ 186,594 $ 54,982
Basic:        
Net income attributable to common stockholders, excluding dividends on unvested restricted shares (USD per share) $ 1.45 $ 0.44 $ 2.23 $ 0.80
Diluted:        
Net income attributable to common stockholders, excluding dividends on unvested restricted shares (USD per share) 1.45 0.44 2.23 0.80
Dividends declared per common share (in dollars per share) $ 0.57 $ 0.57 $ 1.14 $ 1.14
Weighted average shares used in computing earnings per common share:        
Basic (in shares) 83,724 83,595 83,697 83,569
Diluted (in shares) 83,854 83,672 83,827 83,639