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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2017
Notes To Financial Statements [Abstract] |
Revenues and NOI for Reportable Segment | Revenues and NOI for each reportable segment for the three- and six- month periods ended June 30, 2017 and 2016 were as follows (dollars in thousands):
| Three months ended June 30, |  | Six months ended June 30,
| 2017 |  | 2016 |  | 2017 |  | 2016
Revenues: |  |  |  |  |  |  |
Large Market Same Store | $ | 167,712 |  |  | $ | 162,487 |  |  | $ | 333,971 |  |  | $ | 322,679 |
Secondary Market Same Store | 87,231 |  |  | 84,770 |  |  | 173,377 |  |  | 168,863 |
Non-Same Store and Other | 127,848 |  |  | 24,979 |  |  | 254,351 |  |  | 49,710 |
Total operating revenues | $ | 382,791 |  |  | $ | 272,236 |  |  | $ | 761,699 |  |  | $ | 541,252 |
NOI: |  |  |  |  |  |  |  |  |  |  |
Large Market Same Store | $ | 104,098 |  |  | $ | 101,108 |  |  | $ | 208,845 |  |  | $ | 200,635 |
Secondary Market Same Store | 54,544 |  |  | 52,745 |  |  | 108,781 |  |  | 106,139 |
Non-Same Store and Other | 78,180 |  |  | 15,428 |  |  | 156,831 |  |  | 30,642 |
Total NOI | 236,822 |  |  | 169,281 |  |  | 474,457 |  |  | 337,416 |
Depreciation and amortization | (126,360 | ) |  | (75,742 | ) |  | (256,357 | ) |  | (150,870 | )
Acquisition expenses | — |  |  | (421 | ) |  | — |  |  | (1,134 | )
Property management expenses | (10,745 | ) |  | (8,310 | ) |  | (21,726 | ) |  | (17,313 | )
General and administrative expenses | (9,534 | ) |  | (7,014 | ) |  | (22,374 | ) |  | (13,596 | )
Merger related expenses | (978 | ) |  | — |  |  | (3,849 | ) |  | — |
Integration costs | (3,229 | ) |  | — |  |  | (6,519 | ) |  | — |
Interest and other non-property income | 650 |  |  | 62 |  |  | 3,329 |  |  | 94 |
Interest expense | (38,481 | ) |  | (32,039 | ) |  | (75,065 | ) |  | (64,250 | )
Gain on debt extinguishment/modification | 2,217 |  |  | — |  |  | 2,340 |  |  | 3 |
Gain on sale of depreciable real estate assets | 274 |  |  | 68 |  |  | 201 |  |  | 823 |
Net casualty (loss) gain after insurance and other settlement proceeds | (240 | ) |  | 1,760 |  |  | (331 | ) |  | 813 |
Income tax expense | (618 | ) |  | (457 | ) |  | (1,269 | ) |  | (745 | )
Gain on sale of non-depreciable real estate assets | 48 |  |  | 543 |  |  | 48 |  |  | 2,170 |
Gain (loss) from real estate joint ventures | 329 |  |  | (101 | ) |  | 686 |  |  | 27 |
Net income attributable to noncontrolling interests | (1,840 | ) |  | (2,486 | ) |  | (3,351 | ) |  | (4,881 | )
Preferred Dividends | (922 | ) |  | — |  |  | (1,844 | ) |  | — |
Net income available for MAA common shareholders | $ | 47,393 |  |  | $ | 45,144 |  |  | $ | 88,376 |  |  | $ | 88,557 |
Assets for Reportable Segment | Assets for each reportable segment as of June 30, 2017 and December 31, 2016, were as follows (dollars in thousands):
| June 30, 2017 |  | December 31, 2016
Assets: |  |  |
Large Market Same Store | $ | 4,060,183 |  |  | $ | 4,126,885 |
Secondary Market Same Store | 1,741,902 |  |  | 1,768,183 |
Non-Same Store and Other | 5,550,019 |  |  | 5,479,780 |
Corporate assets | 182,025 |  |  | 229,643 |
Total assets | $ | 11,534,129 |  |  | $ | 11,604,491 |

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