XML 55 R38.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Fair Value Measurements (Details) (USD $) | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2015 | Dec. 31, 2014
Fair value measurements |  |
Mortgage loans receivable | 163,647,000us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet | 165,656,000us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet
Senior unsecured notes | 277,467,000us-gaap_UnsecuredDebt | 281,633,000us-gaap_UnsecuredDebt
Contingent liabilities | 3,313,000ltc_EarnOutLiabilities | 3,258,000ltc_EarnOutLiabilities
Fair Value, Inputs, Level 3 [Member] | Senior Unsecured Notes Maturing Prior To 2020 Member |  |
Fair value measurements |  |
Discount rate (as a percent) | 3.75%us-gaap_FairValueInputsDiscountRate / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_FairValueByLiabilityClassAxis = ltc_SeniorUnsecuredNotesMaturingPriorTo2020Member | 3.80%us-gaap_FairValueInputsDiscountRate / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_FairValueByLiabilityClassAxis = ltc_SeniorUnsecuredNotesMaturingPriorTo2020Member
Fair Value, Inputs, Level 3 [Member] | Senior Unsecured Notes Maturing Beyond 2020 [Member] |  |
Fair value measurements |  |
Discount rate (as a percent) | 4.00%us-gaap_FairValueInputsDiscountRate / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_FairValueByLiabilityClassAxis = ltc_SeniorUnsecuredNotesMaturingBeyond2020Member | 4.55%us-gaap_FairValueInputsDiscountRate / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_FairValueByLiabilityClassAxis = ltc_SeniorUnsecuredNotesMaturingBeyond2020Member
Fair Value, Inputs, Level 3 [Member] | Contingent Earn Out Liabilities [Member] |  |
Fair value measurements |  |
Discount rate (as a percent) | 6.10%us-gaap_FairValueInputsDiscountRate / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_FairValueByLiabilityClassAxis = ltc_ContingentEarnOutLiabilitiesMember | 6.20%us-gaap_FairValueInputsDiscountRate / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_FairValueByLiabilityClassAxis = ltc_ContingentEarnOutLiabilitiesMember
Fair Value, Inputs, Level 3 [Member] | Mortgage Receivable [Member] |  |
Fair value measurements |  |
Discount rate (as a percent) | 8.70%us-gaap_FairValueInputsDiscountRate / us-gaap_FairValueByAssetClassAxis = us-gaap_MortgageReceivablesMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member | 8.60%us-gaap_FairValueInputsDiscountRate / us-gaap_FairValueByAssetClassAxis = us-gaap_MortgageReceivablesMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member
Reported Value Measurement [Member] |  |
Fair value measurements |  |
Bank borrowings | 36,500,000us-gaap_LineOfCreditFacilityFairValueOfAmountOutstanding / us-gaap_FairValueByMeasurementBasisAxis = us-gaap_CarryingReportedAmountFairValueDisclosureMember |
Reported Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] |  |
Fair value measurements |  |
Mortgage loans receivable | 163,647,000us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_FairValueByMeasurementBasisAxis = us-gaap_CarryingReportedAmountFairValueDisclosureMember | 165,656,000us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_FairValueByMeasurementBasisAxis = us-gaap_CarryingReportedAmountFairValueDisclosureMember
Senior unsecured notes | 277,467,000us-gaap_UnsecuredDebt / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_FairValueByMeasurementBasisAxis = us-gaap_CarryingReportedAmountFairValueDisclosureMember | 281,633,000us-gaap_UnsecuredDebt / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_FairValueByMeasurementBasisAxis = us-gaap_CarryingReportedAmountFairValueDisclosureMember
Contingent liabilities | 3,313,000ltc_EarnOutLiabilities / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_FairValueByMeasurementBasisAxis = us-gaap_CarryingReportedAmountFairValueDisclosureMember | 3,258,000ltc_EarnOutLiabilities / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_FairValueByMeasurementBasisAxis = us-gaap_CarryingReportedAmountFairValueDisclosureMember
Estimate of Fair Value Measurement [Member] |  |
Fair value measurements |  |
Bank borrowings | 36,500,000us-gaap_LineOfCreditFacilityFairValueOfAmountOutstanding / us-gaap_FairValueByMeasurementBasisAxis = us-gaap_EstimateOfFairValueFairValueDisclosureMember |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] |  |
Fair value measurements |  |
Mortgage loans receivable | 196,024,000us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_FairValueByMeasurementBasisAxis = us-gaap_EstimateOfFairValueFairValueDisclosureMember | 198,977,000us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_FairValueByMeasurementBasisAxis = us-gaap_EstimateOfFairValueFairValueDisclosureMember
Senior unsecured notes | 286,181,000us-gaap_UnsecuredDebt / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_FairValueByMeasurementBasisAxis = us-gaap_EstimateOfFairValueFairValueDisclosureMember | 283,933,000us-gaap_UnsecuredDebt / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_FairValueByMeasurementBasisAxis = us-gaap_EstimateOfFairValueFairValueDisclosureMember
Contingent liabilities | 3,313,000ltc_EarnOutLiabilities / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_FairValueByMeasurementBasisAxis = us-gaap_EstimateOfFairValueFairValueDisclosureMember | 3,258,000ltc_EarnOutLiabilities / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_FairValueByMeasurementBasisAxis = us-gaap_EstimateOfFairValueFairValueDisclosureMember

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- Definition Interest rate used to find the present value of an amount to be paid or received in the future as an input to measure fair value. For example, but not limited to, weighted average cost of capital (WACC), cost of capital, cost of equity and cost of debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 + Details
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- Definition Fair value of the amount outstanding under the credit facility. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=35750535&loc=d3e13433-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=35750535&loc=d3e13476-108611 + Details
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- Definition The balance represents the amount of loans that are secured by real estate mortgages, offset by the reserve to cover probable credit losses on the loan portfolio. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.1(c)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 1 -Subparagraph c -Article 7 + Details
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- Definition Including the current and noncurrent portions, carrying value as of the balance sheet date of uncollateralized debt obligations (with maturities initially due after one year or beyond the operating cycle if longer). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 16 -Article 9 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Article 5 -Subsection 19, 20, 22 + Details
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