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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues:        
Minimum rents $ 194,183 $ 150,395 $ 578,075 $ 451,248
Percentage rents 5,992 4,072 11,816 9,295
Tenant recoveries 106,339 90,059 317,629 264,909
Other 14,477 10,614 42,801 31,638
Management Companies 5,271 8,352 17,070 25,248
Total revenues 326,262 263,492 967,391 782,338
Expenses:        
Shopping center and operating expenses 94,950 85,352 290,491 257,583
Management Companies' operating expenses 21,012 21,508 67,719 65,185
REIT general and administrative expenses 6,688 5,339 22,660 17,339
Costs related to unsolicited takeover offer 209 0 25,204 0
Depreciation and amortization 117,486 89,741 357,437 266,199
Total expenses before interest 240,345 201,940 763,511 606,306
Interest expense:        
Related parties 2,690 3,671 8,128 11,069
Other 52,266 44,132 155,010 128,872
Total interest expense 54,956 47,803 163,138 139,941
Loss (gain) on extinguishment of debt, net 27 46 (609) 405
Total expenses 295,328 249,789 926,040 746,652
Equity in income of unconsolidated joint ventures 10,817 16,935 28,185 44,607
Co-venture expense (2,954) (2,144) (7,897) (6,175)
Income tax benefit 859 689 2,077 3,759
(Loss) gain on sale or write down of assets, net (3,342) 9,561 (7,078) (1,504)
Gain on remeasurement of assets 0 0 22,089 0
Net income 36,314 38,744 78,727 76,373
Less net income attributable to noncontrolling interests 2,717 2,830 6,124 6,552
Net income attributable to the Company $ 33,597 $ 35,914 $ 72,603 $ 69,821
Earnings per common share—net income attributable to common stockholders:        
Basic (in dollars per share) $ 0.21 $ 0.25 $ 0.46 $ 0.49
Diluted (in dollars per share) $ 0.21 $ 0.25 $ 0.45 $ 0.49
Weighted average number of common shares outstanding:        
Basic (in shares) 158,517 140,916 158,452 140,859
Diluted (in shares) 158,634 141,060 158,603 140,975