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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenue        
Resident fees $ 1,054,568 $ 1,043,978 $ 2,115,716 $ 2,096,210
Management fees 18,186 14,839 34,966 29,936
Reimbursed costs incurred on behalf of managed communities 186,076 179,367 371,304 359,919
Total revenue 1,258,830 1,238,184 2,521,986 2,486,065
Expense        
Facility operating expense (excluding depreciation and amortization of $118,808, $214,116, $232,911 and $422,939, respectively) 693,103 694,991 1,409,005 1,391,880
General and administrative expense (including non-cash stock-based compensation expense of $8,994, $6,851, $18,763 and $15,724, respectively) 90,695 89,545 183,316 179,075
Transaction costs 441 421 1,291 7,163
Facility lease expense 92,682 91,338 189,371 185,809
Depreciation and amortization 133,394 225,645 260,531 446,072
Asset impairment 4,152 0 7,527 0
Loss on facility lease termination 0 0 0 76,143
Costs incurred on behalf of managed communities 186,076 179,367 371,304 359,919
Total operating expense 1,200,543 1,281,307 2,422,345 2,646,061
Income (loss) from operations 58,287 (43,123) 99,641 (159,996)
Interest income 728 382 1,430 809
Interest expense:        
Debt (43,731) (43,684) (87,721) (86,032)
Capital and financing lease obligations (50,581) (53,043) (101,160) (106,246)
Amortization of deferred financing costs and debt premium (discount) (2,288) 162 (4,598) (219)
Change in fair value of derivatives (4) (76) (28) (626)
Debt modification and extinguishment costs (186) 0 (1,296) (44)
Equity in earnings (loss) of unconsolidated ventures 338 (672) 1,356 812
Other non-operating income 2,069 2,654 9,856 5,145
Income (loss) before income taxes (35,368) (137,400) (82,520) (346,397)
(Provision) benefit for income taxes (123) 52,593 (1,788) 130,881
Net income (loss) (35,491) (84,807) (84,308) (215,516)
Net (income) loss attributable to noncontrolling interest 41 260 83 518
Net income (loss) attributable to Brookdale Senior Living Inc. common stockholders $ (35,450) $ (84,547) $ (84,225) $ (214,998)
Basic and diluted net income (loss) per share attributable to Brookdale Senior Living Inc. common stockholders $ (0.19) $ (0.46) $ (0.45) $ (1.17)
Weighted average shares used in computing basic and diluted net income (loss) per share 185,825 184,266 185,489 183,974