Segment Reporting

12 Months Ended

Dec. 31, 2015

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

- 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

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+ Details