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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
OPERATING ACTIVITIES:    
Net (loss)/income $ (23,502) $ 17,050
Adjustments to reconcile net (loss)/income to net cash (used in)/provided by operating activities:    
Depreciation and amortization 18,088 17,260
Impairment of fixed assets 3,500 0
Impairment of operating lease intangible 8,650 0
Amortization of purchase accounting adjustments for leases (309) (544)
Provision for bad debts 641 1,019
Provision for self-insured liabilities 765 765
(Gain)/loss on disposal of fixed assets (14) (95)
Unrealized gain on investments (31) (910)
Equity-based compensation expense 542 973
Change in fair value of derivatives and amortization 0 94
Deferred income taxes (5,600) 2,344
Changes in assets and liabilities:    
Accounts receivable (711) (2,126)
Supplies, prepaid expenses and other receivables (51) (1,109)
Deposits in escrow 462 (483)
Accounts payable 182 (265)
Accrued liabilities 3,720 749
Deferred revenue (2,603) 4,223
Payments of self-insured liabilities (845) (287)
Income taxes payable / receivable (11,604) 856
Changes in other non-current assets 317 2,049
Other long-term liabilities (1,315) (273)
Cash (used in)/provided by operating activities (9,718) 41,290
INVESTING ACTIVITIES:    
Payment for securities (163) (156)
Proceeds on sales of securities 84 3,274
Payments for acquisition of 12 previously leased residences (62,870) 0
Proceeds on sales of fixed assets 1,427 146
Payments for new construction projects (1,959) (523)
Payments for purchases of property and equipment (13,823) (10,702)
Cash used in investing activities (77,304) (7,961)
FINANCING ACTIVITIES:    
Payments of financing costs (362) (1,903)
Purchase of treasury stock 0 (798)
Repayment of borrowings on revolving credit facility (79,100) (63,000)
Proceeds on borrowings from revolving credit facility 173,000 81,000
Repayment of GE credit facility 0 (50,000)
Repayment of mortgage debt (1,921) (5,061)
Issuance of Class A common stock for stock options 0 262
Payment of dividends (4,594) (4,594)
Cash provided by/(used in) financing activities 87,023 (44,094)
Increase/(decrease) in cash and cash equivalents 1 (10,765)
Cash and cash equivalents, beginning of year 2,652 13,364
Cash and cash equivalents, end of period 2,653 2,599
Cash paid during the period for:    
Interest 5,662 5,915
Income tax payments, net of refunds $ 1,860 $ 6,287