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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, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenue        
Resident fees $ 653,517 $ 620,938 $ 1,303,827 $ 1,245,308
Management fees 7,489 7,744 14,891 15,353
Reimbursed costs incurred on behalf of managed communities 87,387 87,786 176,950 168,073
Total revenue 748,393 716,468 1,495,668 1,428,734
Expense        
Facility operating expense (excluding depreciation and amortization of $64,067, $59,444, $126,728 and $116,699, respectively) 435,415 416,027 865,285 829,030
General and administrative expense (including non-cash stock-based compensation expense of $7,729, $6,988, $15,301 and $13,882, respectively) 53,816 46,035 109,325 92,646
Facility lease expense 70,030 68,777 139,899 137,796
Depreciation and amortization 71,088 67,254 141,404 131,913
Asset impairment 0 2,154 0 2,154
Costs incurred on behalf of managed communities 87,387 87,786 176,950 168,073
Total operating expense 717,736 688,033 1,432,863 1,361,612
Income from operations 30,657 28,435 62,805 67,122
Interest income 285 252 606 555
Interest expense:        
Debt (29,657) (29,843) (59,655) (60,814)
Amortization of deferred financing costs and debt discount (4,078) (4,348) (8,096) (8,917)
Change in fair value of derivatives (1,322) 1,836 (2,169) 1,971
Loss on extinguishment of debt (3,197) (893) (3,197) (893)
Equity in earnings of unconsolidated ventures 1,523 445 2,159 560
Other non-operating income 3,456 80 3,921 1,086
(Loss) income before income taxes (2,333) (4,036) (3,626) 670
Provision for income taxes (962) (1,164) (1,968) (2,312)
Net loss $ (3,295) $ (5,200) $ (5,594) $ (1,642)
Basic and diluted net loss per share $ (0.03) $ (0.04) $ (0.04) $ (0.01)
Weighted average shares used in computing basic and diluted net loss per share 125,058 123,405 124,770 123,114