Segment Reporting

3 Months Ended

Mar. 31, 2016

Segment Reporting

Segment Reporting

Note 8.  Segment Reporting

As of March 31, 2016, we have four operating segments, of which three are separate reporting segments. The first reporting segment includes triple net senior living communities that provide short term and long term residential care and other services for residents. The second reporting segment includes managed senior living communities that provide short term and long term residential care and other services for residents. The third reporting segment includes MOBs. Our fourth segment includes the remainder of our operations, including certain properties that offer wellness, fitness and spa services to members, which we do not consider to be sufficiently material to constitute a separate reporting segment, and all of our other operations.

	For the Three Months Ended March 31, 2016
	Triple Net
	Leased		Managed
	Senior Living		Senior Living				All Other
	Communities		Communities		MOBs		Operations		Consolidated
Revenues:
Rental income	$	65,308	$	—	$	91,582	$	4,531	$	161,421
Residents fees and services		—		96,954		—		—		96,954
Total revenues		65,308		96,954		91,582		4,531		258,375
Expenses:
Property operating expenses		363		72,178		25,408		—		97,949
Depreciation		19,401		20,018		30,856		948		71,223
General and administrative		—		—		—		10,863		10,863
Acquisition related costs		—		—		—		439		439
Impairment of assets		4,391		—		2,999		—		7,390
Total expenses		24,155		92,196		59,263		12,250		187,864
Operating income (loss)		41,153		4,758		32,319		(7,719)		70,511
Interest and other income		—		—		—		64		64
Interest expense		(6,382)		(2,564)		(953)		(29,381)		(39,280)
Loss on early extinguishment of debt		—		(6)		—		—		(6)
Income (loss) before income tax expense and equity in earnings of an investee		34,771		2,188		31,366		(37,036)		31,289
Income tax expense		—		—		—		(94)		(94)
Equity in earnings of an investee		—		—		—		77		77
Net income (loss)	$	34,771	$	2,188	$	31,366	$	(37,053)	$	31,272
	As of March 31, 2016
	Triple Net
	Leased		Managed
	Senior Living		Senior Living				All Other
	Communities		Communities		MOBs		Operations		Consolidated
Total assets	$	2,238,090	$	1,252,520	$	3,359,385	$	304,156	$	7,154,151

	For the Three Months Ended March 31, 2015
	Triple Net
	Leased		Managed
	Senior Living		Senior Living				All Other
	Communities		Communities		MOBs		Operations		Consolidated
Revenues:
Rental income	$	55,251	$	—	$	86,001	$	4,532	$	145,784
Residents fees and services		—		82,793		—		—		82,793
Total revenues		55,251		82,793		86,001		4,532		228,577
Expenses:
Property operating expenses		—		62,403		23,391		—		85,794
Depreciation		15,125		8,460		29,174		948		53,707
General and administrative		—		—		—		10,574		10,574
Acquisition related costs		—		—		—		1,158		1,158
Total expenses		15,125		70,863		52,565		12,680		151,233
Operating income (loss)		40,126		11,930		33,436		(8,148)		77,344
Interest and other income		—		—		—		75		75
Interest expense		(5,985)		(2,019)		(1,768)		(26,170)		(35,942)
Loss on extinguishment of debt		—		—		—		(1,409)		(1,409)
Income (loss) before income tax expense and equity in earnings of an investee		34,141		9,911		31,668		(35,652)		40,068
Income tax expense		—		—		—		(110)		(110)
Equity in earnings of an investee		—		—		—		72		72
Income (loss) from continuing operations		34,141		9,911		31,668		(35,690)		40,030
Discontinued operations:
Loss from discontinued operations		—		—		(241)		—		(241)
Net income (loss)	$	34,141	$	9,911	$	31,427	$	(35,690)	$	39,789
	As of December 31, 2015
	Triple Net
	Leased		Managed
	Senior Living		Senior Living				All Other
	Communities		Communities		MOBs		Operations		Consolidated
Total assets	$	2,251,212	$	1,260,425	$	3,362,214	$	286,239	$	7,160,090