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Segment Reporting | 12 Months Ended
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Dec. 31, 2015
Segment Reporting |
Segment Reporting | Note 9. Segment Reporting As of December 31, 2015, we have four operating segments, of which three are separate reporting segments. The first reporting segment includes triple net senior living communities that provide short term and long term residential care and other services for residents. The second reporting segment includes managed senior living communities that provide short term and long term residential care and other services for residents. The third reporting segment includes MOBs. Our fourth segment includes the remainder of our operations, including certain properties that offer fitness, wellness and spa services to members, which we do not consider to be sufficiently material as to constitute a separate reporting segment, and all of our other operations.
|  | For the Year Ended December 31, 2015 |
|  | Triple Net |  | Managed |  |  |  |  |  |  |  |  |  |
|  | Senior Living |  | Senior Living |  |  |  |  | All Other |  |  |  |
|  | Communities |  | Communities |  | MOBs |  | Operations |  | Consolidated |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rental income |  | $ | 256,035 |  | $ | — |  | $ | 356,586 |  | $ | 18,278 |  | $ | 630,899 |
Residents fees and services |  |  | — |  |  | 367,874 |  |  | — |  |  | — |  |  | 367,874 |
Total revenues |  |  | 256,035 |  |  | 367,874 |  |  | 356,586 |  |  | 18,278 |  |  | 998,773 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property operating expenses |  |  | — |  |  | 278,242 |  |  | 99,337 |  |  | — |  |  | 377,579 |
Depreciation |  |  | 70,417 |  |  | 60,600 |  |  | 122,974 |  |  | 3,792 |  |  | 257,783 |
General and administrative |  |  | — |  |  | — |  |  | — |  |  | 42,830 |  |  | 42,830 |
Acquisition related costs |  |  | — |  |  | — |  |  | — |  |  | 6,853 |  |  | 6,853 |
Impairment of assets |  |  | 194 |  |  | — |  |  | — |  |  | — |  |  | 194 |
Total expenses |  |  | 70,611 |  |  | 338,842 |  |  | 222,311 |  |  | 53,475 |  |  | 685,239 |
Operating income (loss) |  |  | 185,424 |  |  | 29,032 |  |  | 134,275 |  |  | (35,197) |  |  | 313,534 |
Dividend income |  |  | — |  |  | — |  |  | — |  |  | 2,773 |  |  | 2,773 |
Interest and other income |  |  | — |  |  | — |  |  | — |  |  | 379 |  |  | 379 |
Interest expense |  |  | (25,015) |  |  | (9,973) |  |  | (6,214) |  |  | (109,679) |  |  | (150,881) |
Loss on distribution to common shareholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
of The RMR Group Inc. common stock |  |  | — |  |  | — |  |  | — |  |  | (38,437) |  |  | (38,437) |
Loss on early extinguishment of debt |  |  | (6) |  |  | (34) |  |  | (250) |  |  | (1,604) |  |  | (1,894) |
Income (loss) before income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
and equity in earnings of an investee |  |  | 160,403 |  |  | 19,025 |  |  | 127,811 |  |  | (181,765) |  |  | 125,474 |
Income tax expense |  |  | — |  |  | — |  |  | — |  |  | (574) |  |  | (574) |
Equity in earnings of an investee |  |  | — |  |  | — |  |  | — |  |  | 20 |  |  | 20 |
Income (loss) from continuing operations |  |  | 160,403 |  |  | 19,025 |  |  | 127,811 |  |  | (182,319) |  |  | 124,920 |
Discontinued Operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loss from discontinued operations |  |  | — |  |  | — |  |  | (350) |  |  | — |  |  | (350) |
Impairment of assets from |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
discontinued operations |  |  | — |  |  | — |  |  | (602) |  |  | — |  |  | (602) |
Income (loss) before gain on sale of properties |  |  | 160,403 |  |  | 19,025 |  |  | 126,859 |  |  | (182,319) |  |  | 123,968 |
Gain on sale of properties |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net income (loss) |  | $ | 160,403 |  | $ | 19,025 |  | $ | 126,859 |  | $ | (182,319) |  | $ | 123,968 |
Total assets |  | $ | 2,251,302 |  | $ | 1,260,653 |  | $ | 3,362,636 |  | $ | 309,387 |  | $ | 7,183,978 |
|  | For the Year Ended December 31, 2014 |
|  | Triple Net |  | Managed |  |  |  |  |  |  |  |  |  |
|  | Senior Living |  | Senior Living |  |  |  |  | All Other |  |  |  |
|  | Communities |  | Communities |  | MOBs |  | Operations |  | Consolidated |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rental income |  | $ | 230,718 |  | $ | — |  | $ | 278,041 |  | $ | 17,944 |  | $ | 526,703 |
Residents fees and services |  |  | — |  |  | 318,184 |  |  | — |  |  | — |  |  | 318,184 |
Total revenues |  |  | 230,718 |  |  | 318,184 |  |  | 278,041 |  |  | 17,944 |  |  | 844,887 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property operating expenses |  |  | — |  |  | 245,093 |  |  | 79,471 |  |  | — |  |  | 324,564 |
Depreciation |  |  | 61,825 |  |  | 32,462 |  |  | 87,312 |  |  | 3,792 |  |  | 185,391 |
General and administrative |  |  | — |  |  | — |  |  | — |  |  | 38,946 |  |  | 38,946 |
Acquisition related costs |  |  | — |  |  | — |  |  | — |  |  | 4,607 |  |  | 4,607 |
Impairment of assets |  |  | (10) |  |  | — |  |  | — |  |  | — |  |  | (10) |
Total expenses |  |  | 61,815 |  |  | 277,555 |  |  | 166,783 |  |  | 47,345 |  |  | 553,498 |
Operating income (loss) |  |  | 168,903 |  |  | 40,629 |  |  | 111,258 |  |  | (29,401) |  |  | 291,389 |
Dividend income |  |  | — |  |  | — |  |  | — |  |  | 63 |  |  | 63 |
Interest and other income |  |  | — |  |  | — |  |  | — |  |  | 362 |  |  | 362 |
Interest expense |  |  | (25,473) |  |  | (10,599) |  |  | (5,844) |  |  | (93,198) |  |  | (135,114) |
Gain (loss) on early extinguishment of debt |  |  | 128 |  |  | (140) |  |  | — |  |  | — |  |  | (12) |
Income (loss) before income tax expense and |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
equity in earnings of an investee |  |  | 143,558 |  |  | 29,890 |  |  | 105,414 |  |  | (122,174) |  |  | 156,688 |
Income tax expense |  |  | — |  |  | — |  |  | — |  |  | (576) |  |  | (576) |
Equity in earnings of an investee |  |  | — |  |  | — |  |  | — |  |  | 87 |  |  | 87 |
Income (loss) from continuing operations |  |  | 143,558 |  |  | 29,890 |  |  | 105,414 |  |  | (122,663) |  |  | 156,199 |
Discontinued Operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from discontinued operations |  |  | — |  |  | — |  |  | 1,362 |  |  | — |  |  | 1,362 |
Impairment of assets from discontinued operations |  |  | — |  |  | — |  |  | (4,377) |  |  | — |  |  | (4,377) |
Income (loss) before gain on sale of properties |  |  | 143,558 |  |  | 29,890 |  |  | 102,399 |  |  | (122,663) |  |  | 153,184 |
Gain on sale of properties |  |  | 5,453 |  |  | — |  |  | — |  |  | — |  |  | 5,453 |
Net income (loss) |  | $ | 149,011 |  | $ | 29,890 |  | $ | 102,399 |  | $ | (122,663) |  | $ | 158,637 |
Total assets |  | $ | 1,777,684 |  | $ | 961,618 |  | $ | 2,922,623 |  | $ | 306,344 |  | $ | 5,968,269 |
|  | For the Year Ended December 31, 2013 |
|  | Triple Net |  | Managed |  |  |  |  |  |  |  |  |  |
|  | Senior Living |  | Senior Living |  |  |  |  | All Other |  |  |  |
|  | Communities |  | Communities |  | MOBs |  | Operations |  | Consolidated |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rental income |  | $ | 237,209 |  | $ | — |  | $ | 204,594 |  | $ | 17,577 |  | $ | 459,380 |
Residents fees and services |  |  | — |  |  | 302,058 |  |  | — |  |  | — |  |  | 302,058 |
Total revenues |  |  | 237,209 |  |  | 302,058 |  |  | 204,594 |  |  | 17,577 |  |  | 761,438 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property operating expenses |  |  | — |  |  | 233,711 |  |  | 66,167 |  |  | — |  |  | 299,878 |
Depreciation |  |  | 66,854 |  |  | 28,972 |  |  | 53,408 |  |  | 3,792 |  |  | 153,026 |
General and administrative |  |  | — |  |  | — |  |  | — |  |  | 32,657 |  |  | 32,657 |
Acquisition related costs |  |  | — |  |  | — |  |  | — |  |  | 3,378 |  |  | 3,378 |
Impairment of assets |  |  | 6,685 |  |  | — |  |  | — |  |  | 1,304 |  |  | 7,989 |
Total expenses |  |  | 73,539 |  |  | 262,683 |  |  | 119,575 |  |  | 41,131 |  |  | 496,928 |
Operating income (loss) |  |  | 163,670 |  |  | 39,375 |  |  | 85,019 |  |  | (23,554) |  |  | 264,510 |
Dividend income |  |  | — |  |  | — |  |  | — |  |  | 250 |  |  | 250 |
Interest and other income |  |  | — |  |  | — |  |  | — |  |  | 461 |  |  | 461 |
Interest expense |  |  | (26,501) |  |  | (12,217) |  |  | (5,466) |  |  | (73,635) |  |  | (117,819) |
Loss on early extinguishment of debt |  |  | — |  |  | — |  |  | — |  |  | (797) |  |  | (797) |
Income (loss) before income tax expense and |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
equity in earnings of an investee |  |  | 137,169 |  |  | 27,158 |  |  | 79,553 |  |  | (97,275) |  |  | 146,605 |
Income tax expense |  |  | — |  |  | — |  |  | — |  |  | (600) |  |  | (600) |
Equity in earnings of an investee |  |  | — |  |  | — |  |  | — |  |  | 334 |  |  | 334 |
Income (loss) from continuing operations |  |  | 137,169 |  |  | 27,158 |  |  | 79,553 |  |  | (97,541) |  |  | 146,339 |
Discontinued Operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from discontinued operations |  |  | — |  |  | — |  |  | 5,043 |  |  | — |  |  | 5,043 |
Impairment of assets from discontinued operations |  |  | — |  |  | — |  |  | (37,610) |  |  | — |  |  | (37,610) |
Income (loss) before gain on sale of properties |  |  | 137,169 |  |  | 27,158 |  |  | 46,986 |  |  | (97,541) |  |  | 113,772 |
Gain on sale of properties |  |  | 37,392 |  |  | — |  |  | — |  |  | — |  |  | 37,392 |
Net income (loss) |  | $ | 174,561 |  | $ | 27,158 |  | $ | 46,986 |  | $ | (97,541) |  | $ | 151,164 |
Total assets |  | $ | 1,778,591 |  | $ | 979,152 |  | $ | 1,727,497 |  | $ | 279,426 |  | $ | 4,764,666 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 + Details
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