Segment Information (Tables)

6 Months Ended

Jun. 30, 2012

Schedule of segment reporting infomration

The following table sets forth certain segment financial and operating data (dollars in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012			2011
Revenue⁽¹⁾
Retirement Centers	$	125,813	$	115,916	$	250,325		$	231,445
Assisted Living		252,399		237,665		503,751			478,893
CCRCs - Rental		95,258		88,618		190,370			178,816
CCRCs - Entry Fee		71,195		71,390		143,251			142,233
ISC		57,722		50,334		111,576			100,571
Management Services⁽²⁾		88,423		19,376		174,582			38,261
	$	690,810	$	583,299	$	1,373,855		$	1,170,219
Segment operating income⁽³⁾
Retirement Centers	$	52,675	$	48,924	$	103,666		$	97,501
Assisted Living		90,166		86,047		180,729			171,722
CCRCs - Rental		26,764		29,755		54,783			59,704
CCRCs - Entry Fee		15,854		17,987		32,996			35,778
ISC		13,413		14,968		24,815			30,057
Management Services		7,499		1,505		14,943			2,910
	$	206,371	$	199,186	$	411,932		$	397,672
General and administrative (including non-cash stock-based compensation expense)		46,071		33,681		91,044			67,224
Facility lease expense		70,628		66,065		142,073			132,380
Depreciation and amortization		63,561		70,577		126,905			142,359
Asset impairment		7,246		-		8,329			14,846
Loss on acquisition		-		-		636			-
Gain on facility lease termination		-		-		(2,780	)		-
Income from operations	$	18,865	$	28,863	$	45,725		$	40,863

	As of
	June 30, 2012		December 31, 2011
Total assets
Retirement Centers	$	1,175,952	$	1,047,388
Assisted Living		1,429,114		1,451,612
CCRCs - Rental		545,166		546,867
CCRCs - Entry Fee		973,143		994,064
ISC		96,021		78,137
Corporate and Management Services		358,925		347,993
Total assets	$	4,578,321	$	4,466,061

(1)	All revenue is earned from external third parties in the United States.

(2)	Management services segment revenue includes reimbursements for which the Company is the primary obligor of costs incurred on behalf of managed communities.

(3)	Segment operating income is defined as segment revenues less segment operating expenses (excluding depreciation and amortization).

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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