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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Third-party development services $ 675 $ 2,121 $ 1,131 $ 3,156
Third-party management services 2,288 2,253 4,902 4,663
Resident services 718 713 1,597 1,515
Total revenues 179,008 185,983 371,946 385,978
Operating expenses:        
Third-party development and management services 3,827 3,560 7,910 7,298
General and administrative 9,782 6,126 16,516 11,435
Depreciation and amortization 55,943 53,703 108,266 107,419
Ground/facility leases 2,465 2,467 4,822 4,771
Provision for real estate impairment 15,317 0 15,317 0
Total operating expenses 166,398 146,877 310,117 293,837
Operating income 12,610 39,106 61,829 92,141
Nonoperating income and (expenses):        
Interest income 1,232 1,475 2,464 2,754
Interest expense (14,573) (20,119) (29,290) (42,746)
Amortization of deferred financing costs (1,023) (1,352) (2,051) (3,894)
(Loss) gain from disposition of real estate (632) 0 (632) 17,409
Total nonoperating expense (14,996) (19,996) (29,509) (26,477)
(Loss) income before income taxes (2,386) 19,110 32,320 65,664
Income tax provision (267) (345) (524) (690)
Net income (2,653) 18,765 31,796 64,974
Net income attributable to noncontrolling interests (109) (327) (508) (949)
Net (loss) income attributable to ACC, Inc. and Subsidiaries common stockholders (2,762) 18,438 31,288 64,025
Other comprehensive income (loss)        
Change in fair value of interest rate swaps and other 155 (23) 639 (1,433)
Comprehensive (loss) income $ (2,607) $ 18,415 $ 31,927 $ 62,592
Net (loss) income per share attributable to ACC, Inc. and Subsidiaries common stockholders        
Basic and Diluted (in dollars per share) $ (0.02) $ 0.14    
Weighted-average common shares outstanding        
Basic (in shares) 134,614,418 130,456,923 133,837,748 126,951,454
Diluted (in shares) 134,614,418 131,240,667 134,745,192 127,753,492
Weighted-average common units outstanding        
Distributions declared per common share (in dollars per share) $ 0.44 $ 0.42 $ 0.86 $ 0.82
Redeemable noncontrolling interests        
Nonoperating income and (expenses):        
Net income attributable to noncontrolling interests $ (12) $ (223) $ (306) $ (741)
Wholly-owned properties        
Revenues:        
Operating lease revenue 169,156 174,682 347,987 360,384
Operating expenses:        
Wholly-owned properties and On-campus participating properties 75,172 77,722 150,129 156,573
On-campus participating properties        
Revenues:        
Operating lease revenue 6,171 6,214 16,329 16,260
Operating expenses:        
Wholly-owned properties and On-campus participating properties 3,892 3,299 7,157 6,341
Partially owned properties        
Nonoperating income and (expenses):        
Net income attributable to noncontrolling interests (97) (104) (202) (208)
AMERICAN CAMPUS COMMUNITIES OPERATING PARTNERSHIP, L.P.        
Revenues:        
Third-party development services 675 2,121 1,131 3,156
Third-party management services 2,288 2,253 4,902 4,663
Resident services 718 713 1,597 1,515
Total revenues 179,008 185,983 371,946 385,978
Operating expenses:        
Third-party development and management services 3,827 3,560 7,910 7,298
General and administrative 9,782 6,126 16,516 11,435
Depreciation and amortization 55,943 53,703 108,266 107,419
Ground/facility leases 2,465 2,467 4,822 4,771
Provision for real estate impairment 15,317 0 15,317 0
Total operating expenses 166,398 146,877 310,117 293,837
Operating income 12,610 39,106 61,829 92,141
Nonoperating income and (expenses):        
Interest income 1,232 1,475 2,464 2,754
Interest expense (14,573) (20,119) (29,290) (42,746)
Amortization of deferred financing costs (1,023) (1,352) (2,051) (3,894)
(Loss) gain from disposition of real estate (632) 0 (632) 17,409
Total nonoperating expense (14,996) (19,996) (29,509) (26,477)
(Loss) income before income taxes (2,386) 19,110 32,320 65,664
Income tax provision (267) (345) (524) (690)
Net income (2,653) 18,765 31,796 64,974
Net (loss) income attributable to ACC, Inc. and Subsidiaries common stockholders (2,750) 18,661 31,594 64,766
Series A preferred unit distributions (31) (37) (62) (79)
Net (loss) income attributable to common unitholders (2,781) 18,624 31,532 64,687
Other comprehensive income (loss)        
Change in fair value of interest rate swaps and other 155 (23) 639 (1,433)
Comprehensive (loss) income $ (2,626) $ 18,601 $ 32,171 $ 63,254
Net (loss) income per share attributable to ACC, Inc. and Subsidiaries common stockholders        
Basic and Diluted (in dollars per share)     $ 0.23 $ 0.50
Net (loss) income per unit attributable to common unitholders        
Basic and Diluted (in dollars per unit) $ (0.02) $ 0.14 $ 0.23 $ 0.50
Weighted-average common units outstanding        
Basic (in units) 135,643,549 131,760,705 134,866,879 128,258,368
Diluted (in units) 135,643,549 132,544,449 135,774,323 129,060,406
Distributions declared per common unit (in dollars per unit) $ 0.44 $ 0.42 $ 0.86 $ 0.82
AMERICAN CAMPUS COMMUNITIES OPERATING PARTNERSHIP, L.P. | Wholly-owned properties        
Revenues:        
Operating lease revenue $ 169,156 $ 174,682 $ 347,987 $ 360,384
Operating expenses:        
Wholly-owned properties and On-campus participating properties 75,172 77,722 150,129 156,573
AMERICAN CAMPUS COMMUNITIES OPERATING PARTNERSHIP, L.P. | On-campus participating properties        
Revenues:        
Operating lease revenue 6,171 6,214 16,329 16,260
Operating expenses:        
Wholly-owned properties and On-campus participating properties 3,892 3,299 7,157 6,341
AMERICAN CAMPUS COMMUNITIES OPERATING PARTNERSHIP, L.P. | Partially owned properties        
Nonoperating income and (expenses):        
Net income attributable to noncontrolling interests $ (97) $ (104) $ (202) $ (208)