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Earnings per Share (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Net Income Per Common Share    
Net income $ 17,552us-gaap_NetIncomeLoss $ 17,004us-gaap_NetIncomeLoss
Less net income allocated to participating securities:    
Nonforfeitable dividends on participating securities (123)ltc_NonforfeitableDividendsOnParticipatingSecurities (103)ltc_NonforfeitableDividendsOnParticipatingSecurities
Total net income allocated to participating securities (123)us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic (103)us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
Less net income allocated to preferred stockholders:    
Preferred stock dividends (818)us-gaap_PreferredStockDividendsIncomeStatementImpact (818)us-gaap_PreferredStockDividendsIncomeStatementImpact
Total net income allocated to preferred stockholders (818)us-gaap_PreferredStockDividendsAndOtherAdjustments (818)us-gaap_PreferredStockDividendsAndOtherAdjustments
Income from continuing operations available to common stockholders 16,611ltc_NetIncomeLossFromContinuingOperationsAvailableToCommonStockholders 16,083ltc_NetIncomeLossFromContinuingOperationsAvailableToCommonStockholders
Net income available to common stockholders 16,611us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 16,083us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Effect of dilutive securities:    
Convertible preferred securities 818us-gaap_DilutiveSecuritiesEffectOnBasicEarningsPerShareOther 818us-gaap_DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
Total effect of dilutive securities 818us-gaap_DilutiveSecurities 818us-gaap_DilutiveSecurities
Net income for diluted net income per share $ 17,429us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted $ 16,901us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted
Shares for basic net income per share 35,277us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 34,586us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Effect of dilutive securities:    
Stock options (in shares) 15us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements 25us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
Convertible preferred securities (in shares) 2,000us-gaap_IncrementalCommonSharesAttributableToConversionOfPreferredStock 2,000us-gaap_IncrementalCommonSharesAttributableToConversionOfPreferredStock
Total effect of dilutive securities (in shares) 2,015us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment 2,025us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment
Shares for diluted net income per share 37,292us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 36,611us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Basic net income per share (in dollars per share) $ 0.47us-gaap_EarningsPerShareBasic $ 0.47us-gaap_EarningsPerShareBasic
Diluted net income per share (in dollars per share) $ 0.47us-gaap_EarningsPerShareDiluted $ 0.46us-gaap_EarningsPerShareDiluted