Real Estate (Tables)

9 Months Ended

Sep. 30, 2014

Real Estate [Abstract]

Summary of NHC Percentage Rent [Table Text Block]

The following table summarizes the percentage rent income from NHC (in thousands):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2014		2013		2014		2013
Current year	$	573	$	570	$	1,719	$	1,706
Prior year final certification1	—		—		15		746
Total percentage rent income	$	573	$	570	$	1,734	$	2,452

¹ For purposes of the percentage rent calculation described in the master lease Agreement, NHC’s annual revenue by facility for a given year is certified to NHI by March 31st of the following year.

Business Acquisition, Pro Forma Information [Table Text Block]

The unaudited pro forma revenue, net income and net income available to common stockholders of the combined entity are provided below as if the acquisition date had been January 1, 2012 (in thousands):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2014		2013		2014		2013
Revenue	$	44,478	$	30,849	$	131,774	$	90,253
Net income	$	25,776	$	43,068	$	75,265	$	79,915
Net income available to common stockholders	$	25,504	$	42,759	$	74,366	$	79,124
Basic earnings per common share	$	.77	$	1.53	$	2.25	$	2.84
Diluted earnings per common share	$	.77	$	1.53	$	2.25	$	2.84

Supplemental pro forma information above includes revenues from the Care lease with OpCo, recognized on a straight-line basis, depreciation, and appropriate interest costs.