Segment Information (Tables)

9 Months Ended

Sep. 30, 2012

Schedule of segment reporting infomration

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

	Three Months Ended September 30,					Nine Months Ended September 30,
	2012		2011			2012			2011
Revenue⁽¹⁾
Retirement Centers	$	126,401	$	119,548		$	376,726		$	350,993
Assisted Living		254,179		241,037			757,930			719,930
CCRCs - Rental		96,681		91,628			287,051			270,444
CCRCs - Entry Fee		71,750		71,571			215,001			213,804
ISC		56,856		51,375			168,432			151,946
Management Services⁽²⁾		90,615		40,569			265,197			78,830
	$	696,482	$	615,728		$	2,070,337		$	1,785,947
Segment operating income⁽³⁾
Retirement Centers	$	50,722	$	49,947		$	154,388		$	147,448
Assisted Living		91,162		82,104			271,891			253,826
CCRCs - Rental		25,100		28,957			79,883			88,661
CCRCs - Entry Fee		15,501		18,339			48,497			54,117
ISC		11,915		14,398			36,730			44,455
Management Services		7,407		3,336			22,350			6,246
		201,807		197,081			613,739			594,753
General and administrative (including non-cash stock-based compensation expense)		43,158		38,711			134,202			105,935
Facility lease expense		71,167		68,314			213,240			200,694
Depreciation and amortization		62,876		64,071			189,781			206,430
Asset impairment		—		—			8,329			14,846
(Gain) loss on acquisition		—		(3,520	)		636			(3,520	)
Gain on facility lease termination		—		—			(2,780	)		—
Income from operations	$	24,606	$	29,505		$	70,331		$	70,368

	As of
	September 30, 2012		December 31, 2011
Total assets
Retirement Centers	$	1,179,203	$	1,047,388
Assisted Living		1,428,812		1,451,612
CCRCs - Rental		557,318		546,867
CCRCs - Entry Fee		966,470		994,064
ISC		95,604		78,137
Corporate and Management Services		360,014		347,993
Total assets	$	4,587,421	$	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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