XML 42 R19.htm IDEA: XBRL DOCUMENT

Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2012

	For the Three Months Ended June 30, 2012
	Short and Long Term Residential Care Communities			MOBs			All Other Operations			Consolidated
Revenues:
Rental income	$	59,643		$	46,885		$	4,458		$	110,986
Residents fees and services	35,986			—			—			35,986
Total revenues	95,629			46,885			4,458			146,972

Expenses:
Depreciation	21,065			13,217			948			35,230
Property operating expenses	26,244			14,490			—			40,734
General and administrative	—			—			8,068			8,068
Acquisition related costs	—			—			1,829			1,829
Total expenses	47,309			27,707			10,845			85,861

Operating income (loss)	48,320			19,178			(6,387		)	61,111

Interest and other income	—			—			227			227
Interest expense	(12,976		)	(381		)	(14,763		)	(28,120		)
Equity in earnings of an investee	—			—			76			76
Income (loss) before income tax expense	35,344			18,797			(20,847		)	33,294
Income tax expense	—			—			(43		)	(43		)
Net income (loss)	$	35,344		$	18,797		$	(20,890	)	$	33,251

Total assets	$	2,449,845		$	1,587,430		$	429,277		$	4,466,552

	For the Three Months Ended June 30, 2011
	Short and Long Term Residential Care Communities			MOBs			All Other Operations			Consolidated

Rental income	$	57,186		$	38,658		$	4,474		$	100,318
Residents fees and services	844			—			—			844
Total revenues	58,030			38,658			4,474			101,162

Expenses:
Depreciation	17,014			8,973			948			26,935
Property operating expenses	609			10,693			—			11,302
General and administrative	—			—			6,793			6,793
Acquisition related costs	—			—			2,814			2,814
Total expenses	17,623			19,666			10,555			47,844

Operating income (loss)	40,407			18,992			(6,081		)	53,318

Interest and other income	—			—			244			244
Interest expense	(10,326		)	(215		)	(12,820		)	(23,361		)
Loss on early extinguishment of debt	—			—			(427		)	(427		)
Gain on sale of properties	21,236			79			—			21,315
Equity in earnings of an investee	—			—			46			46
Income (loss) before income tax expense	51,317			18,856			(19,038		)	51,135
Income tax expense	—			—			(87		)	(87		)
Net income (loss)	$	51,317		$	18,856		$	(19,125	)	$	51,048

Total assets	$	2,060,845		$	1,288,412		$	384,161		$	3,733,418

	For the Six Months Ended June 30, 2012
	Short and Long Term Residential Care Communities			MOBs			All Other Operations			Consolidated
Revenues:
Rental income	$	118,467		$	93,146		$	8,878		$	220,491
Residents fees and services	71,554			—			—			71,554
Total revenues	190,021			93,146			8,878			292,045

Expenses:
Depreciation	41,962			24,749			1,896			68,607
Property operating expenses	51,743			28,325			—			80,068
General and administrative	—			—			15,753			15,753
Acquisition related costs	—			—			2,517			2,517
Impairment of assets	—			3,071			—			3,071
Total expenses	93,705			56,145			20,166			170,016

Operating income (loss)	96,316			37,001			(11,288		)	122,029

Interest and other income	—			—			709			709
Interest expense	(26,153		)	(793		)	(30,063		)	(57,009		)
Equity in earnings of an investee	—			—			121			121
Income (loss) before income tax expense	70,163			36,208			(40,521		)	65,850
Income tax expense	—			—			(247		)	(247		)
Net income (loss)	$	70,163		$	36,208		$	(40,768	)	$	65,603

Total assets	$	2,449,845		$	1,587,430		$	429,277		$	4,466,552

	For the Six Months Ended June 30, 2011
	Short and Long Term Residential Care Communities			MOBs			All Other Operations			Consolidated

Rental income	$	114,296		$	75,748		$	8,826		$	198,870
Residents fees and services	844			—			—			844
Total revenues	115,140			75,748			8,826			199,714

Expenses:
Depreciation	33,743			17,657			1,896			53,296
Property operating expenses	609			21,126			—			21,735
General and administrative	—			—			12,949			12,949
Acquisition related costs	—			—			3,927			3,927
Impairment of assets	—			166			—			166
Total expenses	34,352			38,949			18,772			92,073

Operating income (loss)	80,788			36,799			(9,946		)	107,641

Interest and other income	—			—			476			476
Interest expense	(20,599		)	(432		)	(25,076		)	(46,107		)
Loss on early extinguishment of debt	—			—			(427		)	(427		)
Gain on sale of properties	21,236			79			—			21,315
Equity in earnings of an investee	—			—			83			83
Income (loss) before income tax expense	81,425			36,446			(34,890		)	82,981
Income tax expense	—			—			(158		)	(158		)
Net income (loss)	$	81,425		$	36,446		$	(35,048	)	$	82,823

Total assets	$	2,060,845		$	1,288,412		$	384,161		$	3,733,418

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details