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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]      
Revenues $ 234,452 $ 233,128 $ 228,723
Expenses:      
Residence operations (exclusive of depreciation and amortization and residence lease expense shown below) 136,659 139,689 142,048
General and administrative 13,361 15,080 13,515
Residence lease expense 17,686 19,846 20,044
Depreciation and amortization 23,103 22,806 21,219
Impairment of long-lived asset 0 0 148
Goodwill impairment 0 0 16,315
Total operating expenses 190,809 197,421 213,289
Income from operations 43,643 35,707 15,434
Other (expense) income:      
Other-than-temporary investments impairment 0 (2,026) 0
Other 956 23 0
Debt (7,872) (7,782) (7,343)
Write-off of deferred financing fees (279) 0 0
Interest income 12 11 54
Income from continuing operations before income taxes 36,460 25,933 8,145
Income tax expense (12,100) (9,449) (7,343)
Net income from continuing operations 24,360 16,484 802
Loss from discontinued operations, net of taxes 0 0 (957)
Net income (loss) $ 24,360 $ 16,484 $ (155)
Weighted average common shares:      
Basic (in shares) 22,955 23,080 23,510
Diluted (in shares) 23,256 23,412 23,510
Basic earnings (loss) per common share:      
Income from continuing operations (in dollars per share) $ 1.06 $ 0.71 $ 0.03
Loss from discontinued operations (in dollars per share) $ 0 $ 0 $ (0.04)
Net income (loss) (in dollars per share) $ 1.06 $ 0.71 $ (0.01)
Diluted earnings (loss) per common share:      
Income from continuing operations (in dollars per share) $ 1.05 $ 0.70 $ 0.03
Loss from discontinued operations (in dollars per share) $ 0 $ 0 $ (0.04)
Net income (loss) (in dollars per share) $ 1.05 $ 0.70 $ (0.01)
Dividends declared and paid per share (in dollars per share) $ 0.30 $ 0 $ 0