XML 32 R22.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Equity (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2016
Equity |
Schedule of equity | Equity activity was as follows (in thousands):
|  | Total |
|  | Equity |
Balance at December 31, 2015 |  | $ | 659,202 |
Net income |  |  | 42,038 |
Proceeds from common stock offering, net of offering costs |  |  | 70,563 |
Stock-based compensation expense |  |  | 2,019 |
Stock option exercise |  |  | 159 |
Reclassification adjustment |  |  | (33) |
Common stock dividends |  |  | (41,031) |
Other |  |  | (2,174) |
Balance at June 30, 2016 |  | $ | 730,743 |
Schedule of cash dividends declared and paid | We declared and paid the following cash dividends (in thousands):
|  | Six Months Ended |  |
|  | June 30, 2016 |  | June 30, 2015 |  |
|  | Declared |  | Paid |  | Declared |  | Paid |  |
Preferred Stock Series C |  | $ | — |  | $ | — |  | $ | 1,636 |  | $ | 1,636 |  |
Common Stock |  |  | 41,031 | (1) |  | 41,031 | (1) |  | 36,247 | (2) |  | 36,247 | (2) |
Total |  | $ | 41,031 |  | $ | 41,031 |  | $ | 37,883 |  | $ | 37,883 |  |
| (1) |  | Represents $0.18 per share per month for the six months ended June 30, 2016.
| (2) |  | Represents $0.17 per share per month for the six months ended June 30, 2015.
Schedule of options exercised |
|  |  |  | Weighted |  |  |  |  |  |  |
|  |  |  | Average |  |  |  |  |  |  |
|  | Options |  | Exercise |  | Option |  | Market |
|  | Exercised |  | Price |  | Value |  | Value(1) |
2016 |  | 6,667 |  | $ | 23.79 |  | $ | 159,000 |  | $ | 311,000 |
2015 |  | 3,333 |  | $ | 23.79 |  | $ | 79,000 |  | $ | 140,000 |
| (1) |  | As of the exercise date.
Schedule of restricted stock granted |
|  |  |  | Price per |  |  |
Year |  | No. of Shares |  | Share |  | Vesting Period |
2016 |  | 65,300 |  | $ | 43.24 |  | ratably over 3 years |
|  | 54,107 |  | $ | 46.87 |  | TSR targets (1) |
|  | 7,680 |  | $ | 46.87 |  | June 1, 2017 |
|  | 127,087 |  |  |  |  |  |
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 |  |  |  |  |  |
| (1) |  | Vesting is based on achieving certain total shareholder return (or TSR) targets in 3.7 years with acceleration opportunity in 2.7 years.
Restricted stock |
Equity |
Schedule of unrecognized compensation |
|  | Number |  | Remaining |
|  | of |  | Compensation |
Vesting Date |  | Awards |  | Expense |
2016 |  | 980 |  | $ | 2,253,000 |
2017 |  | 85,343 |  |  | 3,428,000 |
2018 |  | 49,352 |  |  | 2,071,000 |
2019 |  | 75,878 | (1) |  | 236,000 |
|  | 211,553 |  | $ | 7,988,000 |
| (1) |  | Includes 54,107 performance based stock units. The performance based stock units are valued utilizing a lattice-binomial option pricing model based on Monte Carlo simulations. The company recognizes the fair value of the awards over the applicable vesting period as compensation expense.

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 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 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
- Definition Tabular disclosure of the total compensation cost related to nonvested awards not yet recognized and the weighted-average period over which it is expected to be recognized. + 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 (i) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfUnrecognizedCompensationCostNonvestedAwardsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_AwardTypeAxis=us-gaap_RestrictedStockMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |