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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenue        
Resident fees $ 620,938 $ 602,050 $ 1,245,308 $ 1,198,599
Management fees 7,744 7,499 15,353 14,943
Reimbursed costs incurred on behalf of managed communities 87,786 80,924 168,073 159,639
Total revenue 716,468 690,473 1,428,734 1,373,181
Expense        
Facility operating expense (excluding depreciation and amortization of $59,444, $58,090, $116,699, and $116,026, respectively) 416,027 403,515 829,030 802,284
General and administrative expense (including non-cash stock-based compensation expense of $6,988, $6,729, $13,882 and $13,164, respectively) 46,035 46,071 92,646 91,044
Facility lease expense 68,777 70,628 137,796 142,073
Depreciation and amortization 67,254 63,561 131,913 126,905
Asset impairment 2,154 7,246 2,154 8,329
Loss on acquisition 0 0 0 636
Gain on facility lease termination 0 0 0 (2,780)
Costs incurred on behalf of managed communities 87,786 80,924 168,073 159,639
Total operating expense 688,033 671,945 1,361,612 1,328,130
Income from operations 28,435 18,528 67,122 45,051
Interest income 252 692 555 1,544
Interest expense:        
Debt (29,843) (32,431) (60,814) (64,481)
Amortization of deferred financing costs and debt discount (4,348) (4,586) (8,917) (9,059)
Change in fair value of derivatives and amortization 1,836 (278) 1,971 (511)
Loss on extinguishment of debt (893) 0 (893) (221)
Equity in earnings (loss) of unconsolidated ventures 445 (61) 560 38
Other non-operating income (loss) 80 3 1,086 (108)
(Loss) income before income taxes (4,036) (18,133) 670 (27,747)
Provision for income taxes (1,164) (882) (2,312) (1,812)
Net loss $ (5,200) $ (19,015) $ (1,642) $ (29,559)
Basic and diluted net loss per share $ (0.04) $ (0.16) $ (0.01) $ (0.24)
Weighted average shares used in computing basic and diluted net loss per share 123,405 121,708 123,114 121,426