XML 58 R68.htm IDEA: XBRL DOCUMENT v2.4.0.6
SUMMARIZED CONDENSED CONSOLIDATING INFORMATION Condensed Consolidating Statement of Cash Flows (Details) (USD $)
In Thousands, unless otherwise specified
1 Months Ended 12 Months Ended
Dec. 31, 2010
Dec. 31, 2012
Dec. 31, 2011
Condensed Financial Statements      
Net cash provided by operating activities $ 6,592 $ 56,252 $ 44,705
Cash flows from investing activities:      
Cash received in the Separation 67,134 0 0
Acquisitions of real estate 0 (205,424) (204,500)
Acquisition of note receivable 0 0 (5,348)
Additions to real estate (16) (1,046) (86)
Repayment of note receivable 0 10,000 5,348
Investment in Subsidiary   0 0
Intercompany financing 0 0 0
Net cash (used in) provided by investing activities 67,118 (218,650) (204,586)
Cash flows from financing activities:      
Proceeds from mortgage notes payables 10,000 56,651  
Payment of Separation-related obligations (9,081) 0 0
Intercompany financing 0 0 0
Principal payments on mortgage notes payable (235) (62,226) (3,027)
Payments of deferred financing costs (161) (6,800) (677)
Issuance of common stock 0 53 163,242
Dividends paid 0 (48,929) (31,640)
Proceeds from Contributions from Parent   0 0
Distribution to Parent   0 0
Distribution from Subsidiary   0 0
Net cash provided by financing activities 523 137,249 127,898
Net (decrease) increase in cash and cash equivalents 74,233 (25,149) (31,983)
Cash and cash equivalents, beginning of period 0 42,250 74,233
Cash and cash equivalents, end of period 74,233 17,101 42,250
Origination of loans receivable 0 (22,180) 0
Proceeds from secured revolving credit facility 0 135,000 0
Proceeds from issuance of senior unsecured notes 0 106,000 0
Payments on secured revolving credit facility 0 (42,500) 0
Parent Company
     
Condensed Financial Statements      
Net cash provided by operating activities 5,844 53,584 41,298
Cash flows from investing activities:      
Cash received in the Separation 63,747    
Acquisitions of real estate   0 0
Acquisition of note receivable     (5,348)
Additions to real estate (16) (14) (86)
Repayment of note receivable   0 5,348
Investment in Subsidiary   (7,191) (164,030)
Intercompany financing 10,355 (25,915) (41,196)
Net cash (used in) provided by investing activities 74,086 (31,369) (202,005)
Cash flows from financing activities:      
Proceeds from mortgage notes payables 0 0  
Payment of Separation-related obligations (8,928)    
Intercompany financing 0 0 0
Principal payments on mortgage notes payable 0 0 0
Payments of deferred financing costs (161) 0 0
Issuance of common stock   53 163,242
Dividends paid   (48,929) (31,640)
Proceeds from Contributions from Parent   0 0
Distribution to Parent   0 0
Distribution from Subsidiary   1,751 3,307
Net cash provided by financing activities (9,089) (48,876) 131,602
Net (decrease) increase in cash and cash equivalents 70,841 (26,661) (29,105)
Cash and cash equivalents, beginning of period 0 41,736 70,841
Cash and cash equivalents, end of period 70,841 15,075 41,736
Origination of loans receivable   0  
Proceeds from secured revolving credit facility   0  
Proceeds from issuance of senior unsecured notes   0  
Payments on secured revolving credit facility   0  
Issuers
     
Condensed Financial Statements      
Net cash provided by operating activities 0 0 0
Cash flows from investing activities:      
Cash received in the Separation 0    
Acquisitions of real estate   0 0
Acquisition of note receivable     0
Additions to real estate 0 0 0
Repayment of note receivable   0 0
Investment in Subsidiary   (7,191) (96)
Intercompany financing 10,355 (128,721) (204,700)
Net cash (used in) provided by investing activities 10,355 (134,161) (201,489)
Cash flows from financing activities:      
Proceeds from mortgage notes payables 0 0  
Payment of Separation-related obligations 0    
Intercompany financing (10,355) 25,915 41,196
Principal payments on mortgage notes payable 0 0 0
Payments of deferred financing costs 0 (3,194) (430)
Issuance of common stock   0 0
Dividends paid   0 0
Proceeds from Contributions from Parent   7,191 164,030
Distribution to Parent   (1,751) (3,307)
Distribution from Subsidiary   1,751 3,307
Net cash provided by financing activities (10,355) 134,161 201,489
Net (decrease) increase in cash and cash equivalents 0 0 0
Cash and cash equivalents, beginning of period 0 0 0
Cash and cash equivalents, end of period 0 0 0
Origination of loans receivable   0  
Proceeds from secured revolving credit facility   0  
Proceeds from issuance of senior unsecured notes   106,000  
Payments on secured revolving credit facility   0  
Combined Guarantor Subsidiaries
     
Condensed Financial Statements      
Net cash provided by operating activities 0 0 0
Cash flows from investing activities:      
Cash received in the Separation 0    
Acquisitions of real estate   (205,424) (204,500)
Acquisition of note receivable     0
Additions to real estate 0 (1,032) 0
Repayment of note receivable   10,000 0
Investment in Subsidiary   0 0
Intercompany financing 0 0 0
Net cash (used in) provided by investing activities 0 (218,636) (204,500)
Cash flows from financing activities:      
Proceeds from mortgage notes payables 0 0  
Payment of Separation-related obligations 0    
Intercompany financing 0 128,721 204,700
Principal payments on mortgage notes payable 0 0 0
Payments of deferred financing costs 0 (2,585) (200)
Issuance of common stock   0 0
Dividends paid   0 0
Proceeds from Contributions from Parent   0 0
Distribution to Parent   0 0
Distribution from Subsidiary   0 0
Net cash provided by financing activities 0 218,636 204,500
Net (decrease) increase in cash and cash equivalents 0 0 0
Cash and cash equivalents, beginning of period 0 0 0
Cash and cash equivalents, end of period 0 0 0
Origination of loans receivable   (22,180)  
Proceeds from secured revolving credit facility   135,000  
Proceeds from issuance of senior unsecured notes   0  
Payments on secured revolving credit facility   (42,500)  
Combined Non-Guarantor Subsidiaries
     
Condensed Financial Statements      
Net cash provided by operating activities 748 2,668 3,407
Cash flows from investing activities:      
Cash received in the Separation 3,387    
Acquisitions of real estate   0 0
Acquisition of note receivable     0
Additions to real estate 0 0 0
Repayment of note receivable   0 0
Investment in Subsidiary   0 0
Intercompany financing 0 0 0
Net cash (used in) provided by investing activities 3,387 0 0
Cash flows from financing activities:      
Proceeds from mortgage notes payables 10,000 56,651  
Payment of Separation-related obligations (153)    
Intercompany financing (10,355) 0 0
Principal payments on mortgage notes payable (235) (62,226) (3,027)
Payments of deferred financing costs 0 (1,021) (47)
Issuance of common stock   0 0
Dividends paid   0 0
Proceeds from Contributions from Parent   7,191 96
Distribution to Parent   (1,751) (3,307)
Distribution from Subsidiary   0 0
Net cash provided by financing activities (743) (1,156) (6,285)
Net (decrease) increase in cash and cash equivalents 3,392 1,512 (2,878)
Cash and cash equivalents, beginning of period 0 514 3,392
Cash and cash equivalents, end of period 3,392 2,026 514
Origination of loans receivable   0  
Proceeds from secured revolving credit facility   0  
Proceeds from issuance of senior unsecured notes   0  
Payments on secured revolving credit facility   0  
Elimination
     
Condensed Financial Statements      
Net cash provided by operating activities 0 0 0
Cash flows from investing activities:      
Cash received in the Separation 0    
Acquisitions of real estate   0 0
Acquisition of note receivable     0
Additions to real estate 0 0 0
Repayment of note receivable   0 0
Investment in Subsidiary   14,382 164,126
Intercompany financing (20,710) 154,636 245,896
Net cash (used in) provided by investing activities (20,710) 165,516 403,408
Cash flows from financing activities:      
Proceeds from mortgage notes payables 0 0  
Payment of Separation-related obligations 0    
Intercompany financing 20,710 (154,636) (245,896)
Principal payments on mortgage notes payable 0 0 0
Payments of deferred financing costs 0 0 0
Issuance of common stock   0 0
Dividends paid   0 0
Proceeds from Contributions from Parent   (14,382) (164,126)
Distribution to Parent   3,502 6,614
Distribution from Subsidiary   (3,502) (6,614)
Net cash provided by financing activities 20,710 (165,516) (403,408)
Net (decrease) increase in cash and cash equivalents 0 0 0
Cash and cash equivalents, beginning of period 0 0 0
Cash and cash equivalents, end of period 0 0 0
Origination of loans receivable   0  
Proceeds from secured revolving credit facility   0  
Proceeds from issuance of senior unsecured notes   0  
Payments on secured revolving credit facility   $ 0