XML 33 R22.htm IDEA: XBRL DOCUMENT
v3.2.0.727

Equity (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2015
Equity |
Schedule of equity | Equity activity was as follows (in thousands):
|  | Total |
|  | Equity |
Balance at December 31, 2014 |  | $ | 660,121 |
Net income |  |  | 35,480 |
Vesting of stock option and restricted common stock |  |  | 2,081 |
Stock option exercise |  |  | 79 |
Reclassification adjustment |  |  | (17) |
Preferred stock dividends |  |  | (1,636) |
Common stock dividends |  |  | (36,247) |
Other |  |  | (339) |
Balance at June 30, 2015 |  | $ | 659,522 |
Schedule of cash dividends declared and paid | We declared and paid the following cash dividends (in thousands):
|  | Six Months Ended June 30, 2015 |  | Six Months Ended June 30, 2014 |
|  | Declared |  | Paid |  | Declared |  | Paid |
Preferred Stock Series C |  | $ | 1,636 |  | $ | 1,636 |  | $ | 1,636 |  | $ | 1,636 |
Common Stock(1) |  |  | 36,247 |  |  | 36,247 |  |  | 35,504 |  |  | 35,504 |
Total |  | $ | 37,883 |  | $ | 37,883 |  | $ | 37,140 |  | $ | 37,140 |
Represents $0.17 per share per month for each of the six months ended June 30, 2015 and 2014, respectively.
Schedule of restricted stock granted |
|  |  |  | Price per |  |
Year |  | No. of Shares |  | Share |  | Vesting Period
2015 |  | 65,750 |  | $ | 44.45 |  | ratably over 3 years
|  | 18,000 |  | $ | 42.30 |  | ratably over 3 years
|  | 8,400 |  | $ | 42.30 |  | June 2, 2016
|  | 92,150 |  |  |  |  |
2014 |  | 59,000 |  | $ | 36.81 |  | ratably over 3 years
|  | 3,000 |  | $ | 38.43 |  | ratably over 3 years
|  | 15,000 |  | $ | 40.05 |  | ratably over 3 years
|  | 10,500 |  | $ | 40.05 |  | June 9, 2015
|  | 87,500 |  |  |  |  |
Schedule of options exercised | The options exercised during the six months ended June 30, 2015 and 2014 were as follows:
|  |  |  | Weighted |  |  |  |  |  |  |
|  |  |  | Average |  |  |  |  |  |  |
|  | Options |  | Exercise |  | Option |  | Market |
|  | Exercised |  | Price |  | Value |  | Value(1) |
2015 |  | 3,333 |  | $ | 23.79 |  | $ | 79,000 |  | $ | 140,000 |
2014 |  | 11,666 |  | $ | 23.79 |  | $ | 277,000 |  | $ | 455,000 |
| (1) |  | As of the exercise dates.
Summary of scheduled number of stock option vesting and remaining compensation expense | The following table summarizes our scheduled number of stock option vesting and remaining compensation expense to be recognized related to the future service period of unvested outstanding stock options:
|  | Number |  | Remaining |
|  | of |  | Compensation |
Vesting Date |  | Awards |  | Expense |
2015 |  | — |  | $ | 7,000 |
2016 |  | 5,000 |  |  | 15,000 |
2017 |  | 5,000 |  |  | 3,000 |
|  | 10,000 |  | $ | 25,000 |
Summary of the total number of restricted common shares scheduled to vest and remaining compensation expense | At June 30, 2015, the total number of restricted common shares that are scheduled to vest and remaining compensation expense to be recognized related to the future service period of unvested outstanding restricted common stock are as follows:
|  | Number |  | Remaining |
|  | of |  | Compensation |
Vesting Date |  | Awards |  | Expense |
2015 |  | 41,200 |  | $ | 1,919,000 |
2016 |  | 102,060 |  |  | 2,618,000 |
2017 |  | 57,367 |  |  | 1,416,000 |
2018 |  | 27,920 |  |  | 187,000 |
|  | 228,547 |  | $ | 6,140,000 |

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 total number of restricted common shares that are scheduled to vest and remaining compensation expense to be recognized related to the future service period of unvested outstanding restricted common stock. + References No definition available. + Details
Name: | ltc_ScheduleOfRestrictedCommonSharesScheduledToVestAndRemainingCompensatinoExpenseTableTextBlock
Namespace Prefix: | ltc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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_ScheduleOfRestrictedStockGrantedTableTextBlock
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 scheduled number of stock option vesting and remaining compensation expense. + References No definition available. + Details
Name: | ltc_ScheduleOfStockOptionVestingAndRemainingCompensationExpenseTableTextBlock
Namespace Prefix: | ltc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 + Details
Name: | us-gaap_ScheduleOfStockholdersEquityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration