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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Rental income $ 27,764 $ 26,192
Restaurant revenues 4,943 4,859
Total revenues 32,707 31,051
Operating expenses:    
General and administrative 2,863 3,317
Depreciation and amortization 5,409 5,187
Restaurant expenses 4,668 4,698
Interest expense 4,094 4,182
Total expenses 17,034 17,384
Other income 5 60
Income before income tax 15,678 13,727
(Provision for) benefit from income tax (45) 80,556
Net income 15,633 94,283
Net income attributable to noncontrolling interest (117) 0
Net Income Available to Common Shareholders $ 15,516 $ 94,283
Basic net income per share (in USD per share) $ 0.26 $ 1.95
Diluted net income per share (in USD per share) $ 0.26 $ 1.61
Weighted average number of common shares outstanding:    
Weighted average common shares outstanding – basic 59,929,276 48,374,846
Weighted average common shares outstanding – diluted [1] 59,995,930 58,737,283
Dividends declared per common share (in USD per share) $ 0.2425 $ 0.2425
Common Stock [Member]    
Earnings and profits distribution, shares 17,085,566  
[1] Includes 17,085,566 shares issued on March 2, 2016 as part of our purging distribution to satisfy certain REIT requirements. For financial reporting purposes, these shares were assumed to have been issued on January 7, 2016.