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DISCONTINUED OPERATIONS | 12 Months Ended
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Dec. 31, 2020
Discontinued Operations and Disposal Groups [Abstract] |
DISCONTINUED OPERATIONS | DISCONTINUED OPERATIONS We report in discontinued operations the results of operations and the related gains or losses on the sales of properties that have either been disposed of or classified as held for sale and meet the classification of a discontinued operation as described in ASC 205 - Presentation of Financial Statements and ASC 360 - Property, Plant, and Equipment: Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. Under this standard, a disposal (or classification as held for sale) of a component of an entity or a group of components of an entity is required to be reported in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results. We determined that our strategic decision to exit our healthcare segment met the criteria for discontinued operations, and we consequently classified 27 property dispositions as discontinued operations during the fiscal year ended April 30, 2018. We classified no dispositions as discontinued operations during the years ended December 31, 2020 and 2019, and the transition period ended December 31, 2018. We had no gains or losses from the sale of properties classified as discontinued operations for the years ended December 31, 2020 and 2019. The following information shows the effect on net income and the gains or losses from the sale of properties classified as discontinued operations for the transition period ended December 31, 2018 and the fiscal year ended April 30, 2018.
|  |  |  | (in thousands)
|  |  | Transition Period Ended | Fiscal Year Ended
|  |  |  | December 31, 2018 | April 30, 2018
REVENUE |  |  |  |  |
Real estate rentals |  |  |  | $ | — |  | $ | 19,744 |
Tenant reimbursement |  |  |  | — |  | 11,650 |
TOTAL REVENUE |  |  |  | — |  | 31,394 |
EXPENSES |  |  |  |  |
Property operating expenses, excluding real estate taxes |  |  |  | — |  | 6,350 |
Real estate taxes |  |  |  | — |  | 5,191 |
Property management expense |  |  |  | — |  | 206 |
Depreciation and amortization |  |  |  | — |  | 8,445 |
TOTAL EXPENSES |  |  |  | — |  | 20,192 |
Operating income (loss) |  |  |  | — |  | 11,202 |
Interest expense(1) |  |  |  | — |  | (4,172) |
Gain (loss) on extinguishment of debt(1) |  |  |  | — |  | (6,508) |
Interest income |  |  |  | — |  | 661 |
Other income |  |  |  | — |  | 73 |
Income (loss) from discontinued operations before gain on sale |  |  |  | — |  | 1,256 |
Gain (loss) on sale of discontinued operations |  |  |  | 570 |  | 163,567 |
INCOME (LOSS) FROM DISCONTINUED OPERATIONS |  |  |  | $ | 570 |  | $ | 164,823 |
Segment Data |  |  |  |  |
All other |  |  |  | $ | 570 |  | $ | 164,823 |
Total |  |  |  | $ | 570 |  | $ | 164,823 |
|  |  |  | (in thousands)
|  |  | Transition Period Ended | Fiscal Year Ended
|  |  |  | December 31, 2018 | April 30, 2018
Property Sale Data |  |  |  |  |
Sales price |  |  |  | $ | — |  | $ | 437,652 |
Net book value and sales costs |  |  |  | — |  | (274,085) |
Gain on sale of discontinued operations |  |  |  | $ | — |  | $ | 163,567 |
As of December 31, 2020 and 2019, we had no assets or liabilities classified as held for sale.

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- References No definition available. + Details
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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
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