XML 69 R55.htm IDEA: XBRL DOCUMENT v3.22.4
Fair Value Measurements - Narrative (Details)
$ / shares in Units, $ in Thousands
12 Months Ended
Jul. 01, 2021
USD ($)
Jul. 26, 2020
USD ($)
$ / shares
shares
Dec. 31, 2022
USD ($)
community
lease
Dec. 31, 2021
USD ($)
community
Dec. 31, 2020
USD ($)
community
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]          
Marketable securities     $ 48,680 $ 182,393  
Investment in unconsolidated ventures     55,333 67,424  
Cost of the capped call transactions     0 15,916 $ 0
Long-term debt     3,850,142 3,841,212  
Long-term debt, fair value     $ 3,400,000 $ 3,400,000  
Number of communities leased | lease     246    
Health Care Services | Securities Purchase Agreement | HCA Healthcare, Inc.          
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]          
Investment in unconsolidated ventures $ 100,000        
Percentage of ownership after transaction 20.00%   20.00%    
Purchase price $ 400,000        
Condensed Consolidated Balance Sheet          
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]          
Number of communities leased | community     8 11 42
Estimated fair value     $ 30,900 $ 31,000 $ 117,900
Ventas, Inc | The Warrant          
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]          
Number of shares authorized to be purchased | shares   16,300,000      
Share price (in usd per share) | $ / shares   $ 3.00      
Issuance of warrants   $ 22,900      
Volatility rate   65.00%      
Reported Value Measurement          
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]          
Long-term debt     3,900,000 3,800,000  
Level 2          
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]          
Marketable securities     48,700 182,400  
Level 2 | Interest Rate Cap          
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]          
Current notional balance     1,231,920    
Nonrecurring          
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]          
Operating lease right-of-use assets     13,700 16,600 76,300
Property, plant and equipment impairment     $ 15,900 $ 6,400 $ 29,300