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Segment Information (Tables)
3 Months Ended
Mar. 31, 2012
Segment Reporting [Abstract]  
Schedule of Reportable Operating Segments
The financial information summarized below is presented by reportable operating segment, consistent with how the Company reviews and manages its business:
Balance Sheet Data:
 
 
As of March 31, 2012
 
 
Entertainment
Education
Recreation
Other
Corporate/Unallocated
Consolidated
Total Assets
 
1,726,063

308,822

379,285

303,580

73,095

2,790,845

 
 
 
 
 
 
 
 
 
 
As of December 31, 2011
 
 
Entertainment
Education
Recreation
Other
Corporate/Unallocated
Consolidated
Total Assets
 
1,710,750

286,115

343,408

317,259

76,463

2,733,995


Operating Data:
 
 
 
 
 
 
 
 
 
For the Three Months Ended March 31, 2012
 
 
Entertainment
Education
Recreation
Other
Corporate/Unallocated
Consolidated
Rental revenue
 
$
54,561

$
1,420

$
519

$
1,783

$

$
58,283

Tenant reimbursements
 
4,822





4,822

Other income
 
24



1


25

Mortgage and other financing income
 
447

7,295

6,906

93


14,741

Total revenue
 
59,854

8,715

7,425

1,877


77,871

 
 
 
 
 
 
 
 
Property operating expense
 
6,005



169


6,174

Other expense
 



375

167

542

Total investment expenses
 
6,005



544

167

6,716

Net Operating Income - Before Unallocated Items
 
53,849

8,715

7,425

1,333

(167
)
71,155

 
 
 
 
 
 
 
 
Reconciliation to Consolidated Statements of Income:
 
 
 
 
General and administrative expense
 
 
 
 
6,467

Interest expense, net
 
 
 
 
 
 
18,141

Transaction costs
 
 
 
 
 
 
158

Impairment charges
 
 
 
 
 
 
12,042

Depreciation and amortization
 
 
 
12,457

Equity in income from joint ventures
 
 
 
 
47

Discontinued operations:
 
 
 
 
Loss from discontinued operations
 
 
 
 
(28
)
Impairment charges
 
 
 
 
(801
)
Gain on sale or acquisition of real estate
 
 
 
 
282

Net income
 
 
 
 
 
 
21,390

Noncontrolling interests
 
 
 
 
 
 
(18
)
Preferred dividend requirements
 
 
(6,001
)
Net income available to common shareholders
$
15,371


 
 
For the Three Months Ended March 31, 2011
 
 
Entertainment
Education
Recreation
Other
Corporate/Unallocated
Consolidated
Rental revenue
 
$
53,233

$
12

$
318

$
1,819

$

$
55,382

Tenant reimbursements
 
4,661





4,661

Other income
 
23



1


24

Mortgage and other financing income
 
81

6,951

6,375

144


13,551

Total revenue
 
57,998

6,963

6,693

1,964


73,618

 
 
 
 
 
 
 
 
Property operating expense
 
6,013



153


6,166

Other expense
 



257

236

493

Total investment expenses
 
6,013



410

236

6,659

Net Operating Income - Before Unallocated Items
 
51,985

6,963

6,693

1,554

(236
)
66,959

 
 
 
 
 
 
 
 
Reconciliation to Consolidated Statements of Income:
 
 
 
 
General and administrative expense
 
 
 
 
5,468

Costs associated with loan refinancing or payoff
 
6,163

Interest expense, net
 
 
 
 
 
 
18,824

Transaction costs
 
 
 
 
 
 
1,273

Depreciation and amortization
 
 
 
 
11,871

Equity in income from joint ventures
 
 
 
774

Discontinued operations:
 
 
 
 
 
 
 
Income from discontinued operations
 
 
 
 
1,331

Impairment charges
 
 
 
 
(1,800
)
Costs associated with loan refinancing or payoff
 
 
 
(225
)
Gain on sale or acquisition of real estate
 
 
 
 
18,293

Net income
 
 
 
 
 
 
41,733

Noncontrolling interests
 
 
 
 
 
 
(2
)
Preferred dividend requirements
 
 
(7,552
)
Net income available to common shareholders
$
34,179