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Selected Quarterly Financial Data (unaudited)
 12 Months Ended
Dec. 31, 2015
Selected Quarterly Financial Information [Abstract]  
Selected Quarterly Financial Data (unaudited)
Selected Quarterly Financial Data (unaudited)
Quarterly financial information for the year ended December 31, 2015 is summarized below.
 
Quarter Ended
(Dollars in thousands, except per share data)
March 31 (1)

 
June 30 (2)

 
September 30 (3)

 
December 31 (4)

2015
 
 
 
 
 
 
 
Revenues from continuing operations
$
96,456

 
$
96,708

 
$
96,725

 
$
98,582

Income from continuing operations
5,049

 
17,586

 
16,848

 
19,354

Discontinued operations
333

 
330

 
10,632

 
(696
)
Net income
5,382

 
17,916

 
27,480

 
18,658

Less: (Income) from noncontrolling interests
—

 
—

 
—

 
—

Net income attributable to common stockholders
$
5,382

 
$
17,916

 
$
27,480

 
$
18,658

Net income attributable to common stockholders per share:
 
 
 
 
 
 
 
Basic earnings per common share
$
0.05

 
$
0.18

 
$
0.28

 
$
0.19

Diluted earnings per common share
$
0.05

 
$
0.18

 
$
0.27

 
$
0.19

______
(1) The decreases in net income and amounts per share for the first quarter of 2015 are primarily attributable to impairment charges of $3.3 million
(2) The increases in net income and amounts per share for the second quarter of 2015 are primarily attributable to a $41.5 million gain on the sale of two properties, partially offset by a $28.0 million loss on extinguishment of the Senior Notes due 2017.
(3) The increases in net income and amounts per share for the third quarter of 2015 are primarily attributable to a $10.6 million gain on the sale of one property previously classified as an asset held for sale.
(4) The increases in net income and amounts per share for the fourth quarter of 2015 are primarily attributable to gains on sales of real estate totaling $9.1 million, partially offset by impairment charges of $0.7 million.
Quarterly financial information for the year ended December 31, 2014 is summarized below.
 
Quarter Ended
(Dollars in thousands, except per share data)
March 31 (1)

 
June 30 (2)

 
September 30 (3)

 
December 31 (4)

2014
 
 
 
 
 
 
 
Revenues from continuing operations
$
90,571

 
$
91,671

 
$
93,612

 
$
95,001

Income from continuing operations
7,477

 
9,005

 
8,437

 
9,060

Discontinued operations
(3,514
)
 
(2,994
)
 
(4,284
)
 
9,013

Net income
3,963

 
6,011

 
4,153

 
18,073

Less: Income from noncontrolling interests
(111
)
 
(40
)
 
(162
)
 
—

Net income attributable to common stockholders
$
3,852

 
$
5,971

 
$
3,991

 
$
18,073

Net income attributable to common stockholders per share:
 
 
 
 
 
 
 
Basic earnings per common share
$
0.04

 
$
0.06

 
$
0.04

 
$
0.19

Diluted earnings per common share
$
0.04

 
$
0.06

 
$
0.04

 
$
0.18

______
(1) The decreases in net income and amounts per share for the first quarter of 2014 are primarily attributable to impairment charges of $3.4 million.
(2) The increases in net income and amounts per share for the second quarter of 2014 are primarily attributable to a $1.9 million cash reimbursement received by the Company for certain operating expenses paid by the Company for years 2006 through 2013.
(3) The decreases in net income and amounts per share for the third quarter of 2014 are primarily attributable to impairment charges of $4.5 million.
(4) The increases in net income and amounts per share for the fourth quarter of 2014 are primarily attributable to gains on sales of real estate totaling $9.3 million, partially offset by impairment charges of $1.0 million.