XML 34 R46.htm IDEA: XBRL DOCUMENT v2.4.0.8
Quarterly Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Information
The following quarterly information differs from previously reported amounts due to the reclassifications of the results of operations of certain long-lived assets to discontinued operations for all periods presented. See Note 4 for further information.

Year Ended December 31, 2013
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Total (1)
Total revenues
$
258,482

 
$
255,584

 
$
257,550

 
$
282,009

 
$
1,053,625

Income from operations (2)
93,607

 
77,081

 
97,709

 
62,368

 
330,765

Income from continuing operations (3)
37,845

 
16,255

 
52,234

 
8,983

 
115,317

Discontinued operations
2,040

 
1,984

 
(8,057
)
 
(914
)
 
(4,947
)
Net income
39,885

 
18,239

 
44,177

 
8,069

 
110,370

Net income attributable to the Company
30,313

 
11,724

 
34,324

 
8,843

 
85,204

Net income (loss) attributable to common shareholders
19,090

 
501

 
23,101

 
(2,380
)
 
40,312

Basic per share data attributable to common shareholders:
 
 

 
 

 
 

 
 

Income (loss) from continuing operations, net of preferred dividends
$
0.11

 
$
(0.01
)
 
$
0.18

 
$
(0.01
)
 
$
0.27

Net income (loss) attributable to common shareholders
$
0.12

 
$
0.00

 
$
0.14

 
$
(0.01
)
 
$
0.24

Diluted per share data attributable to common shareholders:
 
 

 
 

 
 

 
 

Income (loss) from continuing operations, net of preferred dividends
$
0.11

 
$
(0.01
)
 
$
0.18

 
$
(0.01
)
 
$
0.27

Net income (loss) attributable to common shareholders
$
0.12

 
$
0.00

 
$
0.14

 
$
(0.01
)
 
$
0.24


Year Ended December 31, 2012
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Total (1)
Total revenues
$
238,894

 
$
244,516

 
$
249,185

 
$
270,248

 
$
1,002,843

Income from operations
89,271

 
92,232

 
94,409

 
94,009

 
369,921

Income from continuing operations (4)
32,768

 
34,674

 
36,166

 
82,441

 
186,049

Discontinued operations
3,783

 
4,719

 
(23,674
)
 
3,642

 
(11,530
)
Net income
36,551

 
39,393

 
12,492

 
86,083

 
174,519

Net income attributable to the Company
26,049

 
29,391

 
8,074

 
68,086

 
131,600

Net income (loss) attributable to common shareholders
15,455

 
18,797

 
(2,520
)
 
52,357

 
84,089

Basic per share data attributable to common shareholders:
 

 
 

 
 

 
 

 
 

Income from continuing operations, net of preferred dividends
$
0.08

 
$
0.10

 
$
0.11

 
$
0.31

 
$
0.60

Net income (loss) attributable to common shareholders
$
0.10

 
$
0.12

 
$
(0.02
)
 
$
0.33

 
$
0.54

Diluted per share data attributable to common shareholders:
 

 
 

 
 

 
 

 
 

Income from continuing operations, net of preferred dividends
$
0.08

 
$
0.10

 
$
0.11

 
$
0.31

 
$
0.60

Net income (loss) attributable to common shareholders
$
0.10

 
$
0.12

 
$
(0.02
)
 
$
0.33

 
$
0.54

 
(1)
The sum of quarterly earnings per share may differ from annual earnings per share due to rounding.
(2)
Income from operations for the quarters ended June 30, 2013 and December 31, 2013 includes a $20,453 and $47,212 loss on impairment of real estate related to Citadel Mall and Madison Square, respectively (see Note 15).
(3)
Income from continuing operations for the quarter ended June 30, 2013 includes a $9,108 loss on extinguishment of debt, which was primarily due to a $8,708 prepayment fee, and a $2,400 gain on investment related to the repayment by Jinsheng of a note receivable (see Note 6 and Note 15). Income from continuing operations for the quarter ended September 30, 2013 includes a partial litigation settlement of $8,240 (see Note 14).
(4)
Income from continuing operations for the quarter ended December 31, 2012 includes a $45,072 gain on investment related to the Company's acquisition of a joint venture partner's interest in one Property (see Note 3).