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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, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenue        
Resident fees $ 631,144 $ 605,530 $ 1,876,452 $ 1,804,129
Management fees 7,622 7,407 22,975 22,350
Reimbursed costs incurred on behalf of managed communities 90,233 83,208 258,306 242,847
Total revenue 728,999 696,145 2,157,733 2,069,326
Expense        
Facility operating expense (excluding depreciation and amortization of $60,896, $56,956, $177,595 and $172,982, respectively) 420,579 411,467 1,249,609 1,213,751
General and administrative expense (including non-cash stock-based compensation expense of $6,894, $6,021, $20,776 and $19,185, respectively) 45,824 43,158 138,470 134,202
Facility lease expense 69,232 71,167 207,028 213,240
Depreciation and amortization 68,644 62,876 200,557 189,781
Asset impairment 504 0 2,658 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 90,233 83,208 258,306 242,847
Total operating expense 695,016 671,876 2,056,628 2,000,006
Income from operations 33,983 24,269 101,105 69,320
Interest income 472 676 1,027 2,220
Interest expense:        
Debt (29,642) (32,262) (90,456) (96,743)
Amortization of deferred financing costs and debt discount (4,100) (4,543) (13,017) (13,602)
Change in fair value of derivatives and amortization (1,377) 140 594 (371)
Loss on extinguishment of debt (53) 0 (946) (221)
Equity in earnings (loss) of unconsolidated ventures 431 (249) 991 (211)
Other non-operating income 279 500 1,365 392
(Loss) income before income taxes (7) (11,469) 663 (39,216)
Provision for income taxes (960) (747) (3,272) (2,559)
Net loss $ (967) $ (12,216) $ (2,609) $ (41,775)
Basic and diluted net loss per share $ (0.01) $ (0.1) $ (0.02) $ (0.34)
Weighted average shares used in computing basic and diluted net loss per share 124,128 122,493 123,457 121,784