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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenue        
Resident fees $ 605,867 $ 575,159 $ 1,805,140 $ 1,707,117
Management fees 7,407 3,336 22,350 6,246
Reimbursed costs incurred on behalf of managed communities 83,208 37,233 242,847 72,584
Total revenue 696,482 615,728 2,070,337 1,785,947
Expense        
Facility operating expense (excluding depreciation and amortization of $56,956, $56,893, $172,982 and $173,660, respectively) 411,467 381,414 1,213,751 1,118,610
General and administrative expense (including non-cash stock-based compensation expense of $6,021, $5,221, $19,185 and $14,316, respectively) 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 0 0 8,329 14,846
(Gain) loss on acquisition 0 (3,520) 636 (3,520)
Gain on facility lease termination 0 0 (2,780) 0
Costs incurred on behalf of managed communities 83,208 37,233 242,847 72,584
Total operating expense 671,876 586,223 2,000,006 1,715,579
Income from operations 24,606 29,505 70,331 70,368
Interest income 676 1,171 2,220 2,569
Interest expense:        
Debt (32,262) (30,433) (96,743) (92,667)
Amortization of deferred financing costs and debt discount (4,543) (4,310) (13,602) (9,024)
Change in fair value of derivatives and amortization 140 (1,508) (371) (4,151)
Loss on extinguishment of debt 0 (715) (221) (18,863)
Equity in (loss) earnings of unconsolidated ventures (249) (117) (211) 295
Other non-operating income (loss) 500 (116) 392 260
Loss before income taxes (11,132) (6,523) (38,205) (51,213)
Provision for income taxes (878) (513) (2,953) (2,087)
Net loss $ (12,010) $ (7,036) $ (41,158) $ (53,300)
Basic and diluted net loss per share $ (0.1) $ (0.06) $ (0.34) $ (0.44)
Weighted average shares used in computing basic and diluted net loss per share 122,493 121,616 121,784 121,232