XML 19 R25.htm IDEA: XBRL DOCUMENT v2.4.0.6
Segment Information
12 Months Ended
Dec. 31, 2011
Segment Information [Abstract]  
Segment Information

18.        Segment Information

 

We evaluate performance and make resource allocation decisions on an industry by industry basis. For financial reporting purposes, we have grouped our tenants into 39 industry and activity segments (including properties owned by Crest that are grouped together as a segment). All of the properties are incorporated into one of the applicable segments. Because almost all of our leases require the tenant to pay operating expenses, revenue is the only component of segment profit and loss we measure.

 

The following tables set forth certain information regarding the properties owned by us, classified according to the business of the respective tenants, as of December 31, 2011 (dollars in thousands):

 

Assets, as of December 31:

 

2011

 

2010

 

Segment net real estate:

 

 

 

 

 

Automotive service

 

$    101,280

 

$    105,393

 

Automotive tire services

 

191,577

 

197,997

 

Beverages

 

314,832

 

302,159

 

Child care

 

66,474

 

72,935

 

Convenience stores

 

690,246

 

711,667

 

Drug stores

 

154,015

 

143,739

 

Grocery stores

 

221,678

 

72,122

 

Health and fitness

 

296,188

 

220,856

 

Restaurants - casual dining

 

472,471

 

487,048

 

Restaurants - quick service

 

277,900

 

248,877

 

Theaters

 

383,452

 

281,072

 

Transportation services

 

107,632

 

4,961

 

Wholesale clubs

 

154,964

 

--

 

26 non-reportable segments

 

727,299

 

556,052

 

Total segment net real estate

 

4,160,008

 

3,404,878

 

Intangible assets:

 

 

 

 

 

Automotive tire services

 

529

 

588

 

Beverages

 

3,571

 

--

 

Drug stores

 

14,422

 

5,939

 

Grocery stores

 

5,655

 

6,031

 

Health and fitness

 

1,566

 

1,708

 

Restaurants - quick service

 

4,037

 

--

 

Theaters

 

31,162

 

1,579

 

Transportation services

 

28,944

 

--

 

Other - non-reportable segments

 

63,450

 

10,376

 

Goodwill:

 

 

 

 

 

Automotive service

 

1,338

 

1,338

 

Child care

 

5,353

 

5,353

 

Convenience stores

 

2,074

 

2,074

 

Restaurants - casual dining

 

2,461

 

2,461

 

Restaurants - quick service

 

1,318

 

1,318

 

Other - non reportable segments

 

4,662

 

4,662

 

Other corporate assets

 

88,839

 

87,285

 

Total assets

 

$ 4,419,389

 

$ 3,535,590

 

 

 

 

Revenue

 

For the years ended December 31,

 

2011    

 

2010    

 

2009    

 

Segment rental revenue:

 

 

 

 

 

 

 

Automotive service

 

$   15,661

 

$   15,626

 

$   15,285

 

Automotive tire services

 

23,335

 

22,303

 

23,128

 

Beverages

 

23,458

 

10,292

 

--

 

Child care

 

21,860

 

21,727

 

22,243

 

Convenience stores

 

77,101

 

58,482

 

54,734

 

Drug stores

 

15,809

 

13,962

 

13,727

 

Grocery stores

 

6,858

 

3,147

 

2,339

 

Health and fitness

 

26,817

 

23,768

 

18,787

 

Restaurants - casual dining

 

45,130

 

45,209

 

43,706

 

Restaurants - quick service

 

25,879

 

24,833

 

25,475

 

Theaters

 

36,812

 

30,634

 

30,078

 

Transportation services

 

7,586

 

750

 

750

 

Wholesale clubs

 

3,059

 

--

 

--

 

26 non-reportable segments

 

86,935

 

69,061

 

68,340

 

Total rental revenue

 

416,300

 

339,794

 

318,592

 

Other revenue

 

1,663

 

657

 

867

 

Total revenue

 

$ 417,963

 

$ 340,451

 

$ 319,459