XML 51 R36.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Equity (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2012
Equity |
Schedule of effect of changes in our ownership interest in the limited partnership on equity | The following table represents the effect of changes in our ownership interest in the limited partnership on equity attributable to LTC Properties, Inc. (in thousands):
|  | Years Ended December 31, |
--- | --- | --- | ---
|  | 2012 |  | 2011 |  | 2010 |
Net income attributable to LTC Properties, Inc. |  | $ | 51,290 |  | $ | 49,252 |  | $ | 45,862 |
Transfers from the non-controlling interest |  |  |  |  |  |  |  |  |  |
Increase in paid-in capital for limited partners conversion |  |  | 396 |  |  | — |  |  | — |
Decrease in paid-in capital for limited partners conversion |  |  | (1,246 | ) |  | — |  |  | — |
Change from net income attributable to LTC Properties, Inc. and transfers from non-controlling interest |  | $ | 50,440 |  | $ | 49,252 |  | $ | 45,862 |
Schedule of cash dividends declared and paid | We declared and paid the following cash dividends(in thousands):
|  | Year Ended December 31, 2012 |  | Year ended December 31, 2011 |
--- | --- | --- | --- | --- | ---
|  | Declared |  | Paid |  | Declared |  | Paid |
Preferred Stock |  |  |  |  |  |  |  |  |  |  |  |  |
Series C |  | $ | 3,273 |  | $ | 3,273 |  | $ | 3,272 |  | $ | 3,272 |
Series F(1) |  |  | — |  |  | — |  |  | 2,240 |  |  | 4,008 |
Total Preferred |  |  | 3,273 |  |  | 3,273 |  |  | 5,512 |  |  | 7,280 |
Common Stock(2) |  |  | 54,512 |  |  | 54,512 |  |  | 49,292 |  |  | 49,292 |
Total |  | $ | 57,785 |  | $ | 57,785 |  | $ | 54,804 |  | $ | 56,572 |
(1) During 2011, we redeemed all of our Series F preferred stock. (2) Represents $0.145 per share per month for January through July of 2012 and $0.155 per share per month for August through December of 2012. Represents $0.14 per share per month for the 2011.
Schedule of restricted stock granted | During 2012, we granted 90,500 shares of restricted common stock as follows:
| No. of Shares |  | Price per Share |  | Vesting Period
--- | --- | --- | --- | --- | ---
|  | 14,000 |  | $ | 31.77 |  | ratably over 5 years
|  | 12,200 |  | $ | 31.77 |  | January 10, 2016
|  | 30,000 |  | $ | 31.77 |  | June 15, 2015
|  | 8,000 |  | $ | 31.87 |  | ratably over 3 years
|  | 6,300 |  | $ | 34.90 |  | ratably over 5 years
|  | 20,000 |  | $ | 34.90 |  | December 20, 2015
Schedule of restricted stock activity |
|  | 2012 |  | 2011 |
--- | --- | --- | --- | --- | ---
Outstanding, January 1 |  |  | 165,134 |  |  | 217,317 |
Granted |  |  | 90,500 |  |  | 6,000 |
Vested |  |  | (60,185 | ) |  | (58,183 | )
Canceled |  |  | — |  |  | — |
Outstanding, December 31 |  |  | 195,449 |  |  | 165,134 |
Compensation expense for the year(1) |  | $ | 1,809,000 |  | $ | 1,450,000 |
(1) At December 31, 2012, the total compensation cost related to unvested restricted stock granted is $5,041,000, which will be recognized ratably over the remaining vesting period.
Schedule of nonqualified stock option activity |
|  | Shares |  | Weighted Average Price |
--- | --- | --- | --- | --- | ---
|  | 2012 |  | 2011 |  | 2012 |  | 2011 |
Outstanding, January 1 |  |  | 180,334 |  |  | 185,334 |  | $ | 23.33 |  | $ | 23.34 |
Granted |  |  | — |  |  | — |  | $ | — |  | $ | — |
Exercised |  |  | (85,000 | ) |  | (5,000 | ) | $ | 22.66 |  | $ | 23.79 |
Canceled |  |  | — |  |  | — |  | $ | — |  | $ | — |
Outstanding, December 31 |  |  | 95,334 |  |  | 180,334 |  | $ | 23.93 |  | $ | 23.33 |
Exercisable, December 31(1) |  |  | 95,334 |  |  | 175,334 |  | $ | 23.93 |  | $ | 23.29 |
(1) The aggregate intrinsic value of exercisable options at December 31, 2012, based upon the closing price of our common shares at December 31, 2012, amounted to approximately $1,074,000. Options exercisable at December 31, 2012 have a weighted average remaining contractual life of approximately 3.9 years.
Schedule of options exercised |
|  | Options Exercised |  | Weighted Average Exercise Price |  | Option Value |  | Market Value(1) |
--- | --- | --- | --- | --- | --- | --- | --- | --- | ---
2012 |  |  | 85,000 |  | $ | 22.66 |  | $ | 1,926,000 |  | $ | 2,761,000 |
2011 |  |  | 5,000 |  | $ | 23.79 |  | $ | 119,000 |  | $ | 152,000 |
(1) As of the exercise dates.

X
- Definition Tabular disclosure of number of shares granted, price per share and vesting period for each lot of restricted stock granted. + References No definition available. + Details
Name: | ltc_RestrictedStockGrantedTableTextBlock
Namespace Prefix: | ltc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of change from net income attributable to parent entity and transfers from non-controlling interest. + References No definition available. + Details
Name: | ltc_ScheduleOfChangeFromNetIncomeAttributableToEntityAndTransfersFromNoncontrollingInterestTableTextBlock
Namespace Prefix: | ltc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all or some of the information related to dividends declared and paid, as of the financial reporting date. + References No definition available. + Details
Name: | ltc_ScheduleOfDividendDistributionsTableTextBlock
Namespace Prefix: | ltc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted average exercise prices (or conversion ratios) along with option value and market value for share options (or share units) that were exercised during the period. + References No definition available. + Details
Name: | ltc_ScheduleOfShareBasedCompensationStockOptionsExercisedTableTextBlock
Namespace Prefix: | ltc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested shares. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfNonvestedShareActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration