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DISPOSITIONS
12 Months Ended
Dec. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]  
DISPOSITIONS
DISPOSITIONS
2015 Activity. During the year ended December 31, 2015, the Company completed the sale of five skilled nursing facilities for aggregate consideration of $27.2 million after selling expenses of $0.5 million. The carrying values of the assets and liabilities of these facilities was $27.4 million, which resulted in a $0.2 million loss. During the years ended December 31, 2015, 2014 and 2013, the Company recognized $1.8 million (excluding the loss on sale), $2.3 million and $1.7 million of net income, respectively, from these facilities.
2014 Activity. During the year ended December 31, 2014, the Company completed the sale of three skilled nursing facilities for aggregate consideration of $27.3 million. The carrying values of the assets and liabilities of these facilities was $23.4 million, which resulted in a $3.9 million gain and therefore the results of operations attributable to these three facilities remained in continuing operations. During the years ended December 31, 2014 and 2013, the Company recognized $2.3 million (excluding the gain on sale) and $2.3 million of net income, respectively, from these facilities.
The sales of these facilities do not represent a strategic shift that has or will have a major effect on the Company's operations and financial results and therefore the results of operations attributable to these facilities have remained in continuing operations.