| Schedule of quarterly unaudited summary information |
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2016 |
Quarter Ended |
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Year Ended |
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March 31 (A) |
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June 30 (A) |
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September 30 (A) |
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December 31 (B) |
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December 31 |
Total revenues |
$ |
62,158 |
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|
$ |
84,484 |
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|
$ |
83,162 |
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|
$ |
69,076 |
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|
$ |
298,880 |
|
Total operating costs |
78,774 |
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|
89,706 |
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|
82,382 |
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|
87,192 |
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|
338,054 |
|
Operating income (loss) |
(16,616 |
) |
|
(5,222 |
) |
|
780 |
|
|
(18,116 |
) |
|
(39,174 |
) |
Total other income (expenses) |
89,955 |
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|
8,518 |
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|
19,677 |
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|
(1,451 |
) |
|
116,699 |
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Income tax expense (benefit) |
44 |
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|
138 |
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|
(38 |
) |
|
45 |
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|
189 |
|
Income (loss) from continuing operations |
73,295 |
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|
3,158 |
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|
20,495 |
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(19,612 |
) |
|
77,336 |
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Income from discontinued operations |
— |
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— |
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— |
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— |
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|
— |
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Preferred dividends |
(1,395 |
) |
|
(1,395 |
) |
|
(1,395 |
) |
|
(1,395 |
) |
|
(5,580 |
) |
Net loss (income) attributable to noncontrolling interest |
124 |
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|
(112 |
) |
|
(177 |
) |
|
(92 |
) |
|
(257 |
) |
Income (loss) applicable to common stockholders |
$ |
72,024 |
|
|
$ |
1,651 |
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|
$ |
18,923 |
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|
$ |
(21,099 |
) |
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$ |
71,499 |
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Income (loss) applicable to common stock, per share |
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Basic |
$ |
1.08 |
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|
$ |
0.02 |
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|
$ |
0.28 |
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$ |
(0.32 |
) |
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$ |
1.07 |
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Diluted |
$ |
1.05 |
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$ |
0.02 |
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$ |
0.27 |
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$ |
(0.32 |
) |
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$ |
1.04 |
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Income from discontinued operations per share of common stock |
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Basic |
$ |
— |
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$ |
— |
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|
$ |
— |
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$ |
— |
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|
$ |
— |
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Diluted |
$ |
— |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
— |
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Weighted average number of shares of common stock outstanding |
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Basic |
66,654,598 |
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66,681,248 |
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66,730,583 |
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66,772,360 |
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66,709,925 |
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Diluted |
68,284,898 |
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68,899,515 |
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69,072,676 |
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66,772,360 |
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68,788,440 |
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2015 |
Quarter Ended |
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Year Ended |
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March 31 (A) (B) |
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June 30 (A) |
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September 30 (A) |
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December 31 (B) |
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December 31 |
Total revenues |
$ |
60,826 |
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|
$ |
82,803 |
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|
$ |
82,864 |
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|
$ |
69,363 |
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$ |
295,856 |
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Total operating costs |
72,639 |
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|
66,020 |
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|
97,539 |
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|
81,899 |
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|
318,097 |
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Operating income (loss) |
(11,813 |
) |
|
16,783 |
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(14,675 |
) |
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(12,536 |
) |
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(22,241 |
) |
Total other income (expenses) |
10,866 |
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|
1,085 |
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23,832 |
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|
7,711 |
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|
43,494 |
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Income tax expense |
46 |
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|
27 |
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|
1,257 |
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(985 |
) |
|
345 |
|
Income (loss) from continuing operations |
(993 |
) |
|
17,841 |
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|
7,900 |
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(3,840 |
) |
|
20,908 |
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Income (loss) from discontinued operations |
115 |
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|
524 |
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|
7 |
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— |
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|
646 |
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Preferred dividends |
(1,395 |
) |
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(1,395 |
) |
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(1,395 |
) |
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(1,395 |
) |
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(5,580 |
) |
Net income attributable to noncontrolling interest |
181 |
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|
49 |
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(13 |
) |
|
76 |
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|
293 |
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Income (loss) applicable to common stockholders |
$ |
(2,092 |
) |
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$ |
17,019 |
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$ |
6,499 |
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$ |
(5,159 |
) |
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$ |
16,267 |
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Income (loss) applicable to common stock, per share |
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Basic |
$ |
(0.03 |
) |
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$ |
0.26 |
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$ |
0.10 |
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$ |
(0.08 |
) |
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$ |
0.24 |
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Diluted |
$ |
(0.03 |
) |
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$ |
0.25 |
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$ |
0.09 |
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$ |
(0.08 |
) |
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$ |
0.24 |
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Income (loss) from discontinued operations per share of common stock |
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Basic |
$ |
— |
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$ |
0.01 |
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$ |
— |
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$ |
— |
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|
$ |
0.01 |
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Diluted |
$ |
— |
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$ |
0.01 |
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$ |
— |
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$ |
— |
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$ |
0.01 |
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Weighted average number of shares of common stock outstanding |
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Basic |
66,424,508 |
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|
66,426,980 |
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|
66,484,962 |
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|
66,579,072 |
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|
66,479,321 |
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Diluted |
66,424,508 |
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69,204,717 |
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69,069,659 |
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66,579,072 |
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68,647,915 |
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(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). |
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(B) |
The options outstanding are excluded from the diluted share calculation as their effect would have been anti-dilutive. |
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