XML 24 R27.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Reporting (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
item
Sep. 30, 2012
Dec. 31, 2012
Segment Reporting.          
Number of operating segments     4    
Number of reportable segments     3    
Number of rehabilitation hospitals     2    
Revenues:          
Rental income $ 112,319 $ 113,756 $ 336,468 $ 329,191  
Residents fees and services 74,946 42,352 224,634 113,906  
Total revenues 187,265 156,108 561,102 443,097  
Expenses:          
Property operating expenses 74,729 46,805 222,893 125,109  
Depreciation 38,473 35,276 114,472 102,673  
General and administrative 7,798 8,352 24,615 24,106  
Acquisition related costs 396 4,297 2,590 6,814  
Impairment of assets     5,675 3,071  
Total expenses 121,396 94,730 370,245 261,773  
Operating income 65,869 61,378 190,857 181,324  
Interest and other income 42 248 612 957  
Interest expense (29,405) (30,417) (88,536) (87,426)  
Loss on early extinguishment of debt (692) (6,349) (797) (6,349)  
Loss on lease terminations   (104)   (104)  
Gain (loss) on sale of properties 1,141 (101) 1,141 (101)  
Equity in earnings of an investee 64 115 219 236  
Income before income tax expense 37,019 24,770 103,496 88,537  
Income tax expense (125) (43) (405) (290)  
Income from continuing operations 36,894 24,727 103,091 88,247  
Discontinued operations:          
Income from discontinued operations 1,231 919 3,762 3,001  
Impairment of assets from discontinued operations     (27,896)    
Net income 38,125 25,646 78,957 91,248  
Total assets 4,807,330 4,646,296 4,807,330 4,646,296 4,748,002
Triple Net Senior Living Communities
         
Revenues:          
Rental income 57,073 60,496 170,794 178,964  
Total revenues 57,073 60,496 170,794 178,964  
Expenses:          
Depreciation 16,760 17,433 50,696 51,816  
Impairment of assets     4,371    
Total expenses 16,760 17,433 55,067 51,816  
Operating income 40,313 43,063 115,727 127,148  
Interest expense (6,546) (8,665) (20,030) (29,073)  
Loss on lease terminations   (104)   (104)  
Gain (loss) on sale of properties 1,141   1,141    
Income before income tax expense 34,908 34,294 96,838 97,971  
Income from continuing operations 34,908 34,294 96,838 97,971  
Discontinued operations:          
Net income 34,908 34,294 96,838 97,971  
Total assets 1,861,729 2,019,325 1,861,729 2,019,325  
Managed Senior Living Communities
         
Revenues:          
Residents fees and services 74,946 42,352 224,634 113,906  
Total revenues 74,946 42,352 224,634 113,906  
Expenses:          
Property operating expenses 57,708 31,233 173,844 82,976  
Depreciation 7,251 5,037 21,128 12,617  
Total expenses 64,959 36,270 194,972 95,593  
Operating income 9,987 6,082 29,662 18,313  
Interest expense (3,054) (2,929) (9,196) (8,675)  
Income before income tax expense 6,933 3,153 20,466 9,638  
Income from continuing operations 6,933 3,153 20,466 9,638  
Discontinued operations:          
Net income 6,933 3,153 20,466 9,638  
Total assets 967,187 803,009 967,187 803,009  
MOBs
         
Revenues:          
Rental income 50,910 48,821 152,492 136,910  
Total revenues 50,910 48,821 152,492 136,910  
Expenses:          
Property operating expenses 17,021 15,572 49,049 42,133  
Depreciation 13,514 11,858 39,804 35,396  
Total expenses 30,535 27,430 88,853 77,529  
Operating income 20,375 21,391 63,639 59,381  
Interest expense (1,369) (1,014) (4,103) (1,807)  
Gain (loss) on sale of properties   (101)   (101)  
Income before income tax expense 19,006 20,276 59,536 57,473  
Income from continuing operations 19,006 20,276 59,536 57,473  
Discontinued operations:          
Income from discontinued operations 1,231 919 3,762 3,001  
Impairment of assets from discontinued operations     (27,896)    
Net income 20,237 21,195 35,402 60,474  
Total assets 1,732,217 1,625,180 1,732,217 1,625,180  
All Other Operations
         
Revenues:          
Rental income 4,336 4,439 13,182 13,317  
Total revenues 4,336 4,439 13,182 13,317  
Expenses:          
Depreciation 948 948 2,844 2,844  
General and administrative 7,798 8,352 24,615 24,106  
Acquisition related costs 396 4,297 2,590 6,814  
Impairment of assets     1,304 3,071  
Total expenses 9,142 13,597 31,353 36,835  
Operating income (4,806) (9,158) (18,171) (23,518)  
Interest and other income 42 248 612 957  
Interest expense (18,436) (17,809) (55,207) (47,871)  
Loss on early extinguishment of debt (692) (6,349) (797) (6,349)  
Equity in earnings of an investee 64 115 219 236  
Income before income tax expense (23,828) (32,953) (73,344) (76,545)  
Income tax expense (125) (43) (405) (290)  
Income from continuing operations (23,953) (32,996) (73,749) (76,835)  
Discontinued operations:          
Net income (23,953) (32,996) (73,749) (76,835)  
Total assets $ 246,197 $ 198,782 $ 246,197 $ 198,782