XML 13 R39.htm IDEA: XBRL DOCUMENT v2.4.0.6
Debt (Details) (USD $)
9 Months Ended
Sep. 30, 2012
Dec. 31, 2011
Debt Instrument [Line Items]    
Debt $ 2,495,311,000 $ 2,398,625,000
Less current portion 547,738,000 47,654,000
Long-term debt 1,947,573,000 2,350,971,000
Current Portion of Mortgage Loans 504,600,000  
Current Portion of Mortgage Loans with Extension Options 205,700,000  
Minimum Term of Debt Extension (in years) 5  
Maximum Term of Debt Extension (in years) 7  
Credit Facility 2011 [Member]
   
Debt Instrument [Line Items]    
Maturity date Jan. 31, 2016  
Line of Credit Facility [Line Items]    
Commitment on Prior borrowing facility 120,000,000  
Initial commitment 200,000,000  
Credit Facility, maximum borrowing capacity 230,000,000  
Maturity date Jan. 31, 2016  
Description of applicable margin calculation based on utilization percentage Amounts drawn under the facility bear interest at 90-day LIBOR plus an applicable margin, as described below. For purposes of determining the interest rate, in no event will LIBOR be less than 2.0%. The applicable margin varies with the percentage of the total commitment drawn, with a 4.5% margin at 35% or lower utilization, a 5.0% margin at utilization greater than 35% but less than or equal to 50%, and a 5.5% margin at greater than 50% utilization. The Company is also required to pay a quarterly commitment fee of 1.0% per annum on the unused portion of the facility.  
Quarterly commitment fee (in hundredths) 1.00%  
Availability under the secured line of credit 190,000,000  
Line of credit borrowings outstanding 80,000,000  
Secured and unsecured letter of credit facilities
   
Line of Credit Facility [Line Items]    
Credit Facility, maximum borrowing capacity 92,500,000  
Letters of credit outstanding 78,100,000  
First mortgage loan issued in January 2012 [Member]
   
Debt Instrument [Line Items]    
Maturity date Jan. 31, 2017  
Line of Credit Facility [Line Items]    
Maturity date Jan. 31, 2017  
Principal amount of note 63,000,000  
Interest rate terms variable rate equal to 30-day LIBOR plus a margin of 300 basis points  
Extinguishment of debt with proceeds of debt 62,800,000  
First mortgage loan issued in February 2012 [Member]
   
Debt Instrument [Line Items]    
Maturity date Feb. 28, 2017  
Line of Credit Facility [Line Items]    
Maturity date Feb. 28, 2017  
Principal amount of note 20,000,000  
Interest rate terms variable rate equal to 30-day LIBOR plus a margin of 275 basis points  
Mortgage Loan Issued to Finance Acquisition [Member]
   
Line of Credit Facility [Line Items]    
Principal amount of note 77,900,000  
Interest rate terms 75% of the facility bears interest at a fixed rate of 4.2% and the remaining 25% of the facility bears interest at a variable rate of 30-day LIBOR plus a margin of 276 basis points.  
Percentage of loans bearing interest at a fixed rate (in hundredths) 75.00%  
Percentage of loans bearing interest at a variable rate (in hundredths) 25.00%  
Term of loan (in years) 10  
Number of facilities purchased 9  
Seller-Financed Debt [Member]
   
Line of Credit Facility [Line Items]    
Principal amount of note 15,000,000  
Interest rate terms bears interest at a fixed rate of 7.0%  
Term of loan (in years) 2  
Number of facilities purchased 9  
First mortgage loan issued in June 2012 [Member]
   
Debt Instrument [Line Items]    
Maturity date Jun. 30, 2017  
Line of Credit Facility [Line Items]    
Maturity date Jun. 30, 2017  
Principal amount of note 15,000,000  
Interest rate terms variable rate equal to 30-day LIBOR plus a margin of 425 basis points  
Extinguishment of debt with proceeds of debt 15,000,000  
Number of communities securing debt (in number of communities) 2  
Interest Rate Swap [Member]
   
Derivative [Line Items]    
Current notional balance 27,473,000  
Highest possible notional 27,473,000  
Lowest interest rate (in hundredths) 5.49%  
Highest interest rate (in hundredths) 5.49%  
Average fixed rate 5.49%  
Earliest maturity date 2016  
Latest maturity date 2016  
Weighted average original maturity 5.0 years  
Estimated liability fair value (included in other liabilities) (1,982,000) (2,809,000)
Number of swaps agreements terminated 1  
Notional amount of swap agreement terminated 150,000,000  
Interest Rate Cap [Member]
   
Derivative [Line Items]    
Current notional balance 418,238,000  
Highest possible notional 418,238,000  
Lowest interest rate (in hundredths) 5.00%  
Highest interest rate (in hundredths) 6.06%  
Average fixed rate 5.49%  
Earliest maturity date 2012  
Latest maturity date 2017  
Weighted average original maturity 2.7 years  
Estimated asset fair value (included in other assets) 0 0
Cash collateral paid to counterparties pursuant to swap termination 1,200,000  
Number of cap agreements entered 2  
Notional amount of new agreements 169,500,000  
Mortgages Payable [Member]
   
Debt Instrument [Line Items]    
Debt 1,563,660,000 1,470,462,000
Maturity date, start 2013  
Maturity date, end 2022  
Weighted average interest rate (in hundredths) 4.87% 5.04%
Unamortized debt discount 400,000  
$150 Million Series A Notes Payable [Member]
   
Debt Instrument [Line Items]    
Debt 145,450,000 148,601,000
Maturity date Aug. 31, 2013  
Number of communities securing debt (in number of communities) 5  
Amount of cash collateral securing debt 3,000,000  
Description of variable rate basis LIBOR plus 0.88%  
Basis spread on variable rate basis (in hundredths) 0.88%  
Line of Credit Facility [Line Items]    
Maturity date Aug. 31, 2013  
Discount Mortgage Note payable due June 2013 [Member]
   
Debt Instrument [Line Items]    
Debt 80,379,000 79,911,000
Maturity date Jun. 30, 2013  
Weighted average interest rate (in hundredths) 2.57% 2.52%
Unamortized debt discount 1,500,000  
Line of Credit Facility [Line Items]    
Maturity date Jun. 30, 2013  
Variable rate tax exempt bonds [Member]
   
Debt Instrument [Line Items]    
Debt 99,996,000 100,423,000
Maturity date Dec. 31, 2032  
Weighted average interest rate (in hundredths) 1.70% 1.65%
Line of Credit Facility [Line Items]    
Maturity date Dec. 31, 2032  
Capital Lease Obligations [Member]
   
Debt Instrument [Line Items]    
Debt 352,488,000 348,195,000
Maturity date Dec. 31, 2026  
Weighted average interest rate (in hundredths) 8.57% 8.61%
Line of Credit Facility [Line Items]    
Maturity date Dec. 31, 2026  
Convertible Debt [Member]
   
Debt Instrument [Line Items]    
Debt 248,893,000 241,897,000
Maturity date Jun. 30, 2018  
Weighted average interest rate (in hundredths) 2.75% 2.75%
Unamortized debt discount 67,400,000  
Principal 316,300,000  
Line of Credit Facility [Line Items]    
Maturity date Jun. 30, 2018  
Construction Financing [Member]
   
Debt Instrument [Line Items]    
Debt 286,000 6,591,000
Maturity date, start 2017  
Maturity date, end 2024  
Weighted average interest rate (in hundredths) 8.00% 8.00%
Notes Payable, Insurance Premiums Due 2013 [Member]
   
Debt Instrument [Line Items]    
Debt $ 4,159,000 $ 2,545,000
Maturity date Dec. 31, 2013  
Weighted average interest rate (in hundredths) 2.68% 3.11%
Line of Credit Facility [Line Items]    
Maturity date Dec. 31, 2013