XML 18 R54.htm IDEA: XBRL DOCUMENT v2.4.0.6
DEBT (Details) (USD $)
1 Months Ended 3 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended
Dec. 31, 2010
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Revolving Credit Facility
Sep. 20, 2012
Revolving Credit Facility
Feb. 09, 2012
Revolving Credit Facility
Feb. 10, 2012
Revolving Credit Facility
Subsequent Event
Refinancing of Debt
Dec. 31, 2012
Revolving Credit Facility
Federal Funds Rate
Dec. 31, 2012
Revolving Credit Facility
London Interbank Offered Rate (LIBOR)
Dec. 31, 2012
Revolving Credit Facility
London Interbank Offered Rate (LIBOR)
Minimum
Dec. 31, 2012
Revolving Credit Facility
London Interbank Offered Rate (LIBOR)
Maximum
Dec. 31, 2012
Revolving Credit Facility
Base Rate
Minimum
Dec. 31, 2012
Revolving Credit Facility
Base Rate
Maximum
Feb. 10, 2012
Letter of Credit
Subsequent Event
Refinancing of Debt
Dec. 31, 2012
United States Department of Housing and Urban Development [Member]
note
Dec. 31, 2012
United States Department of Housing and Urban Development [Member]
Refinancing of Debt
note
Dec. 31, 2012
United States Department of Housing and Urban Development [Member]
Refinance of Debt Q4 [Member]
note
Dec. 31, 2012
Amended, Restated and Consolidated Loan Agreement with General Electric Capital Corporation [Member]
Oct. 27, 2010
Senior Notes due 2018
Dec. 31, 2012
Senior Notes due 2018
Prior to November 2014
Dec. 31, 2012
Senior Notes due 2018
Prior to November 2013
Dec. 31, 2012
Senior Notes due 2018
Prior to November 2013
Maximum
Jul. 26, 2012
Additional Senior Notes [Member]
Issuance of Debt
Nov. 24, 2012
Additional Senior Notes [Member]
Subsequent Event
Issuance of Debt
Dec. 06, 2010
Senior Subordinated Notes due 2015
Dec. 31, 2012
Mortgage Indebtedness
Dec. 31, 2011
Mortgage Indebtedness
Dec. 31, 2012
Senior Notes
Dec. 31, 2011
Senior Notes
Debt Instrument                                                                
Principal Outstanding, Fixed Rate                                         $ 30,700,000               $ 94,373,000 $ 94,783,000    
Weighted Average Interest Rate, Fixed Rate                                         6.82%               4.43%      
Principal Outstanding, Variable Rate                                                         57,949,000 [1] 59,159,000 [1]    
Weighted Average Interest Rate, Variable Rate                                                         5.00% [1]      
Total Principal Outstanding                                                         152,322,000 153,942,000    
Debt Instrument, Description of Variable Rate Basis                       one-month LIBOR                                 90-day LIBOR      
Debt Instrument, Basis Spread on Variable Rate                     0.50% 1.00%                                 4.00%      
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum                                                         1.00%      
Debt Instrument, Unamortized Premium                                                           500,000 5,700,000  
Debt Instrument, Interest Rate, Stated Percentage                                           8.125%           9.125%        
Debt Instrument, Face Amount                                           225,000,000       100,000,000 100,000,000       325,000,000 [2] 225,000,000 [2]
Debt Instrument, Percent to Par Value                                                   106.00%            
Proceeds from Issuance of Debt                                           225,000,000       103,000,000            
Debt Instrument, Interest Rate, Effective Percentage                                                   6.92%            
Proceeds from Debt, Net of Issuance Costs                                           219,900,000                    
Debt Instrument, Repurchased Face Amount                                                       200,000,000        
Debt Instrument, Redeemable, Redemption Price of Principal Amount, Percentage                                             100.00% 108.125%                
Debt Instrument, Redeemable, Principal Amount Redeemable, Percentage                                                 35.00%              
Line of Credit Facility, Maximum Borrowing Capacity             109,100,000   100,000,000 200,000,000             20,000,000                              
Line of Credit Facility, Commitment Fee Amount             900,000                                                  
Line of Credit Facility, Accordion Feature, Additional Borrowing Capacity                   150,000,000                                            
Line of Credit Facility, Accordion Feature, Increased Borrowing Capacity               230,000,000                                                
Line of Credit Facility, Optional Extension Period             1 year                                                  
Secured revolving credit facility   92,500,000     92,500,000 0                                                    
Line of Credit Facility, Interest Rate During Period                         3.00% 4.00% 2.00% 3.00%                                
Line of Credit Facility, Interest Rate at Period End             3.71%                                                  
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage                         0.35% 0.50%                                    
Interest Expense 3,859,000       37,005,000 30,319,000 500,000                                                  
Amortization of deferred financing costs 230,000       3,800,000 1,998,000                                                    
Interest Payable   5,400,000     5,400,000 4,000,000                                                    
Debt Instrument, Refinanced, Number of Instruments Refinanced                                   4 1 1                        
Debt Instrument, Refianced, Amount                                   20,900,000 13,500,000 20,200,000                        
Debt Instrument, Interest Rate During Period                                   5.75% 5.90% 5.20%                        
Debt Instrument, Refianced, Interest Rate                                   2.49% 2.49% 2.43%                        
Debt Instrument, Refianced, Increase (Decrease) to Outstanding Principal                                   1,100,000 400,000 600,000                        
Debt Instrument, Refianced, Write-off of Unamortized Financing Costs                                   900,000                            
Payments of Debt Extinguishment Costs     100,000 500,000 2,000,000                                                      
Debt Extinguishment Out of Perdod Adjustment   600,000                                                            
Long-term Debt, Amended, Percentage Bearing Variable Interest, Amount                                         $ 57,900,000                      
[1] Contractual interest rates under variable rate mortgages are equal to the 90-day LIBOR plus 4.0% (subject to a 1.0% floor).
[2] Face value represents amounts contractually due under the terms of the respective agreements.