XML 12 R4.htm IDEA: XBRL DOCUMENT v2.3.0.15
Condensed Consolidated and Combined Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended3 Months Ended9 Months Ended
Sep. 30, 2011
Campus Crest Communities, Inc. [Member]
Sep. 30, 2011
Campus Crest Communities, Inc. [Member]
Sep. 30, 2010
Campus Crest Communities Predecessor [Member]
Sep. 30, 2010
Campus Crest Communities Predecessor [Member]
Revenues:    
Student housing rental$ 14,883$ 41,054$ 12,247$ 36,690
Student housing services6861,6623761,521
Development, construction and management services4,82726,4444,25635,121
Total revenues20,39669,16016,87973,332
Operating expenses:    
Student housing operations7,26220,0866,48519,786
Development, construction and management services4,39324,2294,37833,022
General and administrative1,2534,9231,1743,792
Ground leases5215659153
Depreciation and amortization4,87315,2394,50713,935
Total operating expenses17,83364,63316,60370,688
Equity in loss of unconsolidated entities(309)(944)(49)(243)
Operating income2,2543,5832272,401
Nonoperating income (expense):    
Interest expense(1,922)(4,657)(6,708)(17,395)
Change in fair value of interest rate derivatives(22)315178356
Other income118272145
Total nonoperating expenses, net(1,826)(4,070)(6,529)(16,994)
Income (loss) before income taxes428(487)(6,302)(14,593)
Income tax expense(14)(214)  
Net income (loss)414(701)(6,302)(14,593)
Net income (loss) attributable to noncontrolling interests61(2,264)(7,290)
Net income (loss) attributable to Campus Crest Communities, Inc. and Predecessor$ 408$ (702)$ (4,038)$ (7,303)
Net income (loss) per share attributable to Campus Crest Communities, Inc. common stockholders:    
Basic and diluted$ 0.01$ (0.02)  
Weighted-average common shares outstanding:    
Basic30,72430,717  
Diluted31,16030,717  
Distributions per common share$ (0.16)$ (0.48)