XML 22 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues      
Rental income $ 198,941 $ 152,814 $ 158,632
Expense reimbursements 44,907 32,282 36,306
Other 6,414 4,843 4,125
Total revenues 250,262 189,939 199,063
Operating expenses      
Depreciation and amortization 104,934 70,011 60,751
General and administrative 33,756 40,648 30,368
Real estate taxes 35,946 25,630 25,384
Property operating 41,668 24,244 28,423
Other operating 2,184 7,517 4,675
Impairment charges 14,455 0 5,000
Total operating expenses 232,943 168,050 154,601
Operating income 17,319 21,889 44,462
Equity in earnings and gains of unconsolidated affiliates inclusive of gains on disposition of properties of $15,336, $35,950 and $24,043, respectively 23,371 39,449 37,330
Interest income 29,143 25,829 16,603
Interest expense (58,978) (34,645) (37,297)
Gain on change in control and other 5,571 0 1,596
Income from continuing operations before income taxes 16,426 52,522 62,694
Income tax (provision) benefit (1,004) 105 (1,787)
Income from continuing operations before gain on disposition of properties 15,422 52,627 60,907
Gain on disposition of properties, net of tax 48,886 81,965 89,063
Net income 64,308 134,592 149,970
Net income attributable to noncontrolling interests (2,838) (61,816) (84,262)
Net income attributable to Acadia $ 61,470 $ 72,776 $ 65,708
Earnings Per Share, Basic and Diluted [Abstract]      
Basic and diluted earnings per share (in dollars per share) $ 0.73 $ 0.94 $ 0.94