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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Rental income $ 163,997 $ 155,546 $ 325,419 $ 301,329
Residents fees and services 97,370 91,856 194,323 174,649
Total revenues 261,367 247,402 519,742 475,978
Expenses:        
Property operating expenses 97,474 93,592 195,422 179,386
Depreciation and amortization 71,372 62,511 142,594 116,218
General and administrative 11,965 11,674 22,828 22,248
Acquisition related costs 180 4,617 619 5,775
Impairment of assets 4,961   12,351  
Total expenses 185,952 172,394 373,814 323,627
Operating income (loss) 75,415 75,008 145,928 152,351
Dividend income 789   789  
Interest and other income 177 142 242 217
Interest expense (41,118) (37,907) (80,399) (73,848)
Loss on early extinguishment of debt   (39) (6) (1,448)
Income from continuing operations before income tax expense and equity in earnings of an investee 35,263 37,204 66,554 77,272
Income tax expense (108) (129) (202) (239)
Equity in earnings of an investee 17 23 94 95
Income (loss) from continuing operations 35,172 37,098 66,446 77,128
Discontinued operations:        
Loss from discontinued operations   (109)   (350)
Impairment of assets from discontinued operations   (602)   (602)
Income before gain on sale of properties 35,172 36,387 66,446 76,176
Gain on sale of properties 4,061   4,061  
Net income (loss) 39,233 36,387 70,507 76,176
Other comprehensive income:        
Unrealized gain on investments in available for sale securities 15,931 1,387 40,118 2,835
Equity in unrealized gain (loss) of an investee 43 (64) 95 (19)
Other comprehensive income 15,974 1,323 40,213 2,816
Comprehensive income $ 55,207 $ 37,710 $ 110,720 $ 78,992
Weighted average common shares outstanding (basic) (in shares) 237,325 235,549 237,320 228,501
Weighted average common shares outstanding (diluted) (in shares) 237,363 235,592 237,349 228,534
Per common share amounts (basic and diluted):        
Income from continuing operations (in dollars per share) $ 0.17 $ 0.16 $ 0.30 $ 0.34
Loss from discontinued operations (in dollars per share)   (0.01)   (0.01)
Net income (in dollars per share) $ 0.17 $ 0.15 $ 0.30 $ 0.33