Annual report pursuant to Section 13 and 15(d)

SUMMARY OF QUARTERLY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED) (Tables)

v3.6.0.2
SUMMARY OF QUARTERLY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED) (Tables)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Schedule of quarterly unaudited summary information
2016
Quarter Ended
 
Year Ended
 
March 31 (A)
 
June 30 (A)
 
September 30 (A)
 
December 31 (B)
 
December 31
Total revenues
$
62,158

 
$
84,484

 
$
83,162

 
$
69,076

 
$
298,880

Total operating costs
78,774

 
89,706

 
82,382

 
87,192

 
338,054

Operating income (loss)
(16,616
)
 
(5,222
)
 
780

 
(18,116
)
 
(39,174
)
Total other income (expenses)
89,955

 
8,518

 
19,677

 
(1,451
)
 
116,699

Income tax expense (benefit)
44

 
138

 
(38
)
 
45

 
189

Income (loss) from continuing operations
73,295

 
3,158

 
20,495

 
(19,612
)
 
77,336

Income from discontinued operations

 

 

 

 

Preferred dividends
(1,395
)
 
(1,395
)
 
(1,395
)
 
(1,395
)
 
(5,580
)
Net loss (income) attributable to noncontrolling interest
124

 
(112
)
 
(177
)
 
(92
)
 
(257
)
Income (loss) applicable to common stockholders
$
72,024

 
$
1,651

 
$
18,923

 
$
(21,099
)
 
$
71,499

Income (loss) applicable to common stock, per share
 
 
 
 
 
 
 
 
 
Basic
$
1.08

 
$
0.02

 
$
0.28

 
$
(0.32
)
 
$
1.07

Diluted
$
1.05

 
$
0.02

 
$
0.27

 
$
(0.32
)
 
$
1.04

Income from discontinued operations per share of common stock
 
 
 
 
 
 
 
 
 
Basic
$

 
$

 
$

 
$

 
$

Diluted
$

 
$

 
$

 
$

 
$

Weighted average number of shares of common stock outstanding
 
 
 
 
 
 
 
 
 
Basic
66,654,598

 
66,681,248

 
66,730,583

 
66,772,360

 
66,709,925

Diluted
68,284,898

 
68,899,515

 
69,072,676

 
66,772,360

 
68,788,440

 
 
 
 
 
 
 
 
 
 
2015
Quarter Ended
 
Year Ended
 
March 31 (A) (B)
 
June 30 (A)
 
September 30 (A)
 
December 31 (B)
 
December 31
Total revenues
$
60,826

 
$
82,803

 
$
82,864

 
$
69,363

 
$
295,856

Total operating costs
72,639

 
66,020

 
97,539

 
81,899

 
318,097

Operating income (loss)
(11,813
)
 
16,783

 
(14,675
)
 
(12,536
)
 
(22,241
)
Total other income (expenses)
10,866

 
1,085

 
23,832

 
7,711

 
43,494

Income tax expense
46

 
27

 
1,257

 
(985
)
 
345

Income (loss) from continuing operations
(993
)
 
17,841

 
7,900

 
(3,840
)
 
20,908

Income (loss) from discontinued operations
115

 
524

 
7

 

 
646

Preferred dividends
(1,395
)
 
(1,395
)
 
(1,395
)
 
(1,395
)
 
(5,580
)
Net income attributable to noncontrolling interest
181

 
49

 
(13
)
 
76

 
293

Income (loss) applicable to common stockholders
$
(2,092
)
 
$
17,019

 
$
6,499

 
$
(5,159
)
 
$
16,267

Income (loss) applicable to common stock, per share
 
 
 
 
 
 
 
 
 
Basic
$
(0.03
)
 
$
0.26

 
$
0.10

 
$
(0.08
)
 
$
0.24

Diluted
$
(0.03
)
 
$
0.25

 
$
0.09

 
$
(0.08
)
 
$
0.24

Income (loss) from discontinued operations per share of common stock
 
 
 
 
 
 
 
 
 
Basic
$

 
$
0.01

 
$

 
$

 
$
0.01

Diluted
$

 
$
0.01

 
$

 
$

 
$
0.01

Weighted average number of shares of common stock outstanding
 
 
 
 
 
 
 
 
 
Basic
66,424,508

 
66,426,980

 
66,484,962

 
66,579,072

 
66,479,321

Diluted
66,424,508

 
69,204,717

 
69,069,659

 
66,579,072

 
68,647,915


(A)
The Income Applicable to Common Stockholders shown agrees with Drive Shack Inc.’s quarterly report(s) on Form 10-Q as filed with the Securities and Exchange Commission. However, individual line items may vary from such report(s) due to the transformation to a leisure and entertainment business (Note 2), operations of properties sold, or classified as held for sale, during subsequent periods being retroactively reclassified to Income for Discontinued Operations for all periods presented (Note 3).
(B)
The options outstanding are excluded from the diluted share calculation as their effect would have been anti-dilutive.