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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenue        
Resident fees $ 934,070 $ 1,054,568 $ 1,950,997 $ 2,115,716
Management fees 22,442 18,186 38,336 34,966
Reimbursed costs incurred on behalf of managed communities 229,960 186,076 413,905 371,304
Total revenue 1,186,472 1,258,830 2,403,238 2,521,986
Expense        
Facility operating expense (excluding depreciation and amortization of $105,673, $118,808, $220,552, and $232,911, respectively) 642,405 693,103 1,316,947 1,409,005
General and administrative expense (including non-cash stock-based compensation expense of $7,246, $8,994, $15,020 and $18,763, respectively) 67,090 90,695 132,650 183,316
Transaction costs 3,339 441 10,932 1,291
Facility lease expense 84,690 92,682 173,497 189,371
Depreciation and amortization 120,887 133,394 248,374 260,531
Asset impairment 1,559 4,152 22,265 7,527
Loss on facility lease termination 6,368 0 6,368 0
Costs incurred on behalf of managed communities 229,960 186,076 413,905 371,304
Total operating expense 1,156,298 1,200,543 2,324,938 2,422,345
Income from operations 30,174 58,287 78,300 99,641
Interest income 804 728 1,435 1,430
Interest expense:        
Debt (41,517) (43,731) (82,090) (87,721)
Capital and financing lease obligations (32,228) (50,581) (82,087) (101,160)
Amortization of deferred financing costs and debt premium (discount) (2,692) (2,288) (5,283) (4,598)
Change in fair value of derivatives (39) (4) (85) (28)
Debt modification and extinguishment costs (693) (186) (754) (1,296)
Equity in (loss) earnings of unconsolidated ventures (4,570) 338 (3,589) 1,356
(Loss) gain on sale of assets, net (547) (198) (1,150) 2,551
Other non-operating income 2,236 2,267 3,898 7,305
Income (loss) before income taxes (49,072) (35,368) (91,405) (82,520)
Benefit (provision) for income taxes 2,735 (123) (81,293) (1,788)
Net income (loss) (46,337) (35,491) (172,698) (84,308)
Net (income) loss attributable to noncontrolling interest 50 41 107 83
Net income (loss) attributable to Brookdale Senior Living Inc. common stockholders $ (46,287) $ (35,450) $ (172,591) $ (84,225)
Basic and diluted net income (loss) per share attributable to Brookdale Senior Living Inc. common stockholders (in dollars per share) $ (0.25) $ (0.19) $ (0.93) $ (0.45)
Weighted average shares used in computing basic and diluted net income (loss) per share (in shares) 186,212 185,825 185,952 185,489