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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues:    
Base rental - UHS facilities $ 4,081 $ 3,906
Base rental - Non-related parties 8,815 8,869
Bonus rental - UHS facilities 1,246 1,218
Tenant reimbursements and other - Non-related parties 1,873 2,009
Tenant reimbursements and other - UHS facilities 211 200
Revenues, Total 16,226 16,202
Expenses:    
Depreciation and amortization 5,436 5,523
Advisory fees to UHS 767 666
Other operating expenses 4,400 4,722
Transaction costs 82 57
Costs and Expenses, Total 10,685 10,968
Income before equity in income of unconsolidated limited liability companies ("LLCs"), and interest expense 5,541 5,234
Equity in income of unconsolidated LLCs [1] 1,059 592
Interest expense, net (2,172) (2,130)
Net income $ 4,428 $ 3,696
Basic earnings per share $ 0.33 $ 0.28
Diluted earnings per share $ 0.33 $ 0.28
Weighted average number of shares outstanding – Basic 13,307 13,283
Weighted average number of share equivalents 7 11
Weighted average number of shares and equivalents outstanding – Diluted 13,314 13,294
[1] Our share of net income for the three months ended March 31, 2016 includes interest income earned by us on an advance made to Arlington Medical Properties, LLC of approximately $296,000. There were no advances outstanding during the first three months of 2015, therefore there was no interest income earned by us for the three months ended March 31, 2015. Also, as mentioned above, effective February 1, 2016, we purchased an additional 10% of the ownership interest in Arlington Medical Properties, LLC thereby increasing our ownership interest to 85%, from 75% in 2015.