XML 51 R26.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Reporting (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
item
Mar. 31, 2013
Dec. 31, 2013
Segment Reporting      
Number of operating segments 4    
Number of reportable segments 3    
Revenues:      
Rental income $ 112,055 $ 111,852  
Residents fees and services 79,442 75,056  
Total revenues 191,497 186,908  
Expenses:      
Property operating expenses 77,802 73,679  
Depreciation 38,355 37,703  
General and administrative 8,290 8,648  
Acquisition related costs 122 1,903  
Impairment of assets   1,304  
Total expenses 124,569 123,237  
Operating income 66,928 63,671  
Interest and other income 105 173  
Interest expense (28,900) (29,564)  
Income from continuing operations before income tax expense and equity in earnings of an investee 38,133 34,280  
Income tax expense (191) (140)  
Equity in (losses) / earnings of an investee (97) 76  
Income from continuing operations 37,845 34,216  
Discontinued Operations:      
Income from discontinued operations 1,300 1,019  
Impairment of assets from discontinued operations (721)    
Income before gain on sale of properties 38,424 35,235  
Gain on sale of properties 156    
Net income 38,580 35,235  
Total assets 4,778,668 4,811,269 4,764,666
Triple Net Senior Living Communities
     
Revenues:      
Rental income 54,890 56,765  
Total revenues 54,890 56,765  
Expenses:      
Depreciation 15,637 16,917  
Total expenses 15,637 16,917  
Operating income 39,253 39,848  
Interest expense (6,388) (6,463)  
Income from continuing operations before income tax expense and equity in earnings of an investee 32,865 33,385  
Income from continuing operations 32,865 33,385  
Discontinued Operations:      
Income before gain on sale of properties 32,865    
Gain on sale of properties 156    
Net income 33,021 33,385  
Total assets 1,843,510 1,937,795  
Managed Senior Living Communities
     
Revenues:      
Residents fees and services 79,442 75,056  
Total revenues 79,442 75,056  
Expenses:      
Property operating expenses 60,788 57,904  
Depreciation 8,155 6,849  
Total expenses 68,943 64,753  
Operating income 10,499 10,303  
Interest expense (2,988) (3,068)  
Income from continuing operations before income tax expense and equity in earnings of an investee 7,511 7,235  
Income from continuing operations 7,511 7,235  
Discontinued Operations:      
Income before gain on sale of properties 7,511    
Net income 7,511 7,235  
Total assets 949,468 954,155  
MOBs
     
Revenues:      
Rental income 52,763 50,683  
Total revenues 52,763 50,683  
Expenses:      
Property operating expenses 17,014 15,775  
Depreciation 13,615 12,989  
Total expenses 30,629 28,764  
Operating income 22,134 21,919  
Interest expense (1,337) (1,348)  
Income from continuing operations before income tax expense and equity in earnings of an investee 20,797 20,571  
Income from continuing operations 20,797 20,571  
Discontinued Operations:      
Income from discontinued operations 1,300 1,019  
Impairment of assets from discontinued operations (721)    
Income before gain on sale of properties 21,376    
Net income 21,376 21,590  
Total assets 1,717,000 1,728,516  
All Other Operations
     
Revenues:      
Rental income 4,402 4,404  
Total revenues 4,402 4,404  
Expenses:      
Depreciation 948 948  
General and administrative 8,290 8,648  
Acquisition related costs 122 1,903  
Impairment of assets   1,304  
Total expenses 9,360 12,803  
Operating income (4,958) (8,399)  
Interest and other income 105 173  
Interest expense (18,187) (18,685)  
Income from continuing operations before income tax expense and equity in earnings of an investee (23,040) (26,911)  
Income tax expense (191) (140)  
Equity in (losses) / earnings of an investee (97) 76  
Income from continuing operations (23,328) (26,975)  
Discontinued Operations:      
Income before gain on sale of properties (23,328)    
Net income (23,328) (26,975)  
Total assets $ 268,689 $ 190,803