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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
REVENUES        
Rental income $ 101,472 $ 95,450 $ 200,212 $ 190,484
Mortgage interest 0 31   62
Other operating 1,170 1,227 2,451 2,618
Revenues 102,642 96,708 202,663 193,164
EXPENSES        
Property operating 36,263 33,927 71,668 68,189
General and administrative 8,129 6,713 18,375 13,451
Depreciation 28,528 26,552 56,221 52,940
Amortization 2,762 2,474 5,463 5,142
Bad debts, net of recoveries 78 27 39 (181)
Total Expenses 75,760 69,693 151,766 139,541
OTHER INCOME (EXPENSE)        
Gain on sales of real estate properties 1 41,549 1 41,549
Interest expense (14,815) (17,213) (29,753) (35,536)
Loss on extinguishment of debt 0 (27,998) 0 (27,998)
Pension termination (4) (5,260) (4) (5,260)
Impairment of real estate assets 0 0 0 (3,328)
Impairment of internally-developed software 0 (654) 0 (654)
Interest and other income, net 93 147 179 239
Total other income (expense) (14,725) (9,429) (29,577) (30,988)
INCOME FROM CONTINUING OPERATIONS 12,157 17,586 21,320 22,635
DISCONTINUED OPERATIONS        
Income (loss) from discontinued operations (19) 330 (27) 663
Gain on sales of real estate properties 7 0 7 0
INCOME (LOSS) FROM DISCONTINUED OPERATIONS (12) 330 (20) 663
NET INCOME $ 12,145 $ 17,916 $ 21,300 $ 23,298
BASIC EARNINGS PER COMMON SHARE:        
Income from continuing operations (in dollars per share) $ 0.12 $ 0.18 $ 0.21 $ 0.23
Discontinued operations (in dollars per share) 0.00 0.00 0.00 0.01
Net income (in dollars per share) 0.12 0.18 0.21 0.24
DILUTED EARNINGS PER COMMON SHARE:        
Income from continuing operations (in dollars per share) 0.12 0.18 0.21 0.23
Discontinued operations (in dollars per share) 0.00 0.00 0.00 0.00
Net income (in dollars per share) $ 0.12 $ 0.18 $ 0.21 $ 0.23
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC (in shares) 103,987,749 99,273,027 102,709,919 98,819,015
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED (in shares) 104,769,545 99,945,202 103,470,534 99,554,095
DIVIDENDS DECLARED, PER COMMON SHARE, DURING THE PERIOD (in dollars per share) $ 0.30 $ 0.30 $ 0.6 $ 0.60