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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Base rental - UHS facilities $ 4,242 $ 4,066 $ 12,625 $ 12,226
Base rental - Non-related parties 10,167 9,273 30,253 27,118
Bonus rental - UHS facilities 1,126 1,118 3,656 3,557
Tenant reimbursements and other - Non-related parties 2,440 2,168 6,872 5,984
Tenant reimbursements and other - UHS facilities 219 176 683 603
Revenues, Total 18,194 16,801 54,089 49,488
Expenses:        
Depreciation and amortization 6,321 5,893 18,761 16,872
Advisory fees to UHS 908 832 2,648 2,380
Other operating expenses 4,877 4,663 14,505 13,603
Transaction costs (19) 331 107 477
Hurricane related expenses 3,398   3,398  
Hurricane insurance recoveries (3,398)   (3,398)  
Costs and Expenses, Total 12,087 11,719 36,021 33,332
Income before equity in income of unconsolidated limited liability companies ("LLCs"), interest expense and gain 6,107 5,082 18,068 16,156
Equity in income of unconsolidated LLCs [1] 384 1,110 1,959 3,396
Gain on Arlington transaction     27,196  
Interest expense, net (2,531) (2,374) (7,668) (6,783)
Net income $ 3,960 $ 3,818 $ 39,555 $ 12,769
Basic earnings per share $ 0.29 $ 0.28 $ 2.91 $ 0.95
Diluted earnings per share $ 0.29 $ 0.28 $ 2.91 $ 0.95
Weighted average number of shares outstanding - Basic 13,621 13,575 13,595 13,426
Weighted average number of share equivalents       5
Weighted average number of shares and equivalents outstanding - Diluted 13,621 13,575 13,595 13,431
[1] Our share of net income for the three months ended September 30, 2016 includes approximately $291,000 of interest income earned by us on an advance made to Arlington Medical Properties, LLC. This advance was repaid to us effective with the previously mentioned Arlington Medical Properties, LLC transaction during March, 2017, therefore there was no interest income earned by us on this advance during the three months ended September 30, 2017. Our share of net income for the nine months ended September 30, 2017 and 2016 includes approximately $284,000 and $880,000, respectively, of interest income earned by us on the advance made to Arlington Medical Properties, LLC.