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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenue        
Resident fees $ 1,042,831 $ 1,040,082 $ 3,158,547 $ 3,136,292
Management fees 15,532 14,694 50,498 44,630
Reimbursed costs incurred on behalf of managed communities 187,763 184,065 559,067 543,984
Total revenue 1,246,126 1,238,841 3,768,112 3,724,906
Expense        
Facility operating expense (excluding depreciation and amortization of $118,756, $148,120, $351,667 and $571,059, respectively) 704,221 699,720 2,113,226 2,091,600
General and administrative expense (including non-cash stock-based compensation expense of $8,455, $10,147, $27,218 and $25,871, respectively) 63,425 99,534 246,741 278,609
Transaction costs 659 0 1,950 7,163
Facility lease expense 92,519 91,144 281,890 276,953
Depreciation and amortization 130,783 160,715 391,314 606,787
Asset impairment 19,111 0 26,638 0
Loss on facility lease termination 0 0 0 76,143
Costs incurred on behalf of managed communities 187,763 184,065 559,067 543,984
Total operating expense 1,198,481 1,235,178 3,620,826 3,881,239
Income (loss) from operations 47,645 3,663 147,286 (156,333)
Interest income 809 399 2,239 1,208
Interest expense:        
Debt (43,701) (43,972) (131,422) (130,004)
Capital and financing lease obligations (50,401) (53,217) (151,561) (159,463)
Amortization of deferred financing costs and debt premium (discount) (2,380) (616) (6,978) (835)
Change in fair value of derivatives 0 (164) (28) (790)
Debt modification and extinguishment costs (1,944) (6,736) (3,240) (6,780)
Equity in (loss) earnings of unconsolidated ventures (878) (1,578) 478 (766)
Other non-operating income 3,281 3,089 13,137 8,234
Income (loss) before income taxes (47,569) (99,132) (130,089) (445,529)
(Provision) benefit for income taxes (4,159) 30,796 (5,947) 161,677
Net income (loss) (51,728) (68,336) (136,036) (283,852)
Net (income) loss attributable to noncontrolling interest 43 116 126 634
Net income (loss) attributable to Brookdale Senior Living Inc. common stockholders $ (51,685) $ (68,220) $ (135,910) $ (283,218)
Basic and diluted net income (loss) per share attributable to Brookdale Senior Living Inc. common stockholders $ (0.28) $ (0.37) $ (0.73) $ (1.54)
Weighted average shares used in computing basic and diluted net income (loss) per share 185,946 184,570 185,641 184,175