XML 81 R62.htm IDEA: XBRL DOCUMENT v3.5.0.2
SUMMARIZED CONDENSED CONSOLIDATING INFORMATION - Condensed Consolidating Statement of Income (unaudited) (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Rental income $ 55,297 $ 49,896 $ 110,609 $ 99,401
Interest and other income 16,993 5,999 22,325 11,383
Resident fees and services 1,959 691 3,874 1,374
Total revenues 74,249 56,586 136,808 112,158
Expenses:        
Depreciation and amortization 16,405 14,497 34,171 28,647
Interest 16,427 14,052 33,345 27,932
Operating expenses 1,440 499 2,852 997
General and administrative 4,636 9,363 9,350 15,724
Provision for doubtful accounts and loan losses 223 2,972 2,746 4,116
Impairment of real estate 0 0 29,811 0
Total expenses 39,131 41,383 112,275 77,416
Other income (expense):        
Loss on extinguishment of debt 0 0 (556) 0
Other income (loss) 2,400 (100) 2,400 (200)
Gain (loss) on sale of real estate (52) 1,723 (4,654) 1,723
Total other income (expense) 2,348 1,623 (2,810) 1,523
Income in subsidiary 0 0 0 0
Net income 37,466 16,826 21,723 36,265
Net loss attributable to noncontrolling interests 9 9 41 20
Net income attributable to Sabra Health Care REIT, Inc. 37,475 16,835 21,764 36,285
Preferred stock dividends (2,560) (2,560) (5,121) (5,121)
Net income attributable to common stockholders $ 34,915 $ 14,275 $ 16,643 $ 31,164
Net income attributable to common stockholders, per:        
Basic common share (in dollars per share) $ 0.53 $ 0.24 $ 0.25 $ 0.53
Diluted common share (in dollars per share) $ 0.53 $ 0.24 $ 0.25 $ 0.52
Weighted-average number of common shares outstanding, basic (in shares) 65,303,057 59,323,799 65,274,845 59,254,895
Weighted-average number of common shares outstanding, diluted (in shares) 65,503,383 59,543,781 65,454,337 59,510,164
Elimination [Member]        
Revenues:        
Rental income $ (239) $ 0 $ (477) $ 0
Interest and other income (196) 0 (377) 0
Resident fees and services 0 0 0 0
Total revenues (435) 0 (854) 0
Expenses:        
Depreciation and amortization 0 0 0 0
Interest (119) 0 (238) 0
Operating expenses (250) 0 (489) 0
General and administrative 0 0 0 0
Provision for doubtful accounts and loan losses 0 0 0 0
Impairment of real estate     0  
Total expenses (369) 0 (727) 0
Other income (expense):        
Loss on extinguishment of debt     0  
Other income (loss) 0 0 0 0
Gain (loss) on sale of real estate 0 0 0 0
Total other income (expense) 0 0 0 0
Income in subsidiary (93,219) (54,666) (88,477) (118,415)
Net income (93,285) (54,666) (88,604) (118,415)
Net loss attributable to noncontrolling interests 0 0 0 0
Net income attributable to Sabra Health Care REIT, Inc. (93,285) (54,666) (88,604) (118,415)
Preferred stock dividends 0 0 0 0
Net income attributable to common stockholders (93,285) (54,666) (88,604) (118,415)
Parent Company [Member]        
Revenues:        
Rental income 0 0 0 0
Interest and other income 1 0 2 1
Resident fees and services 0 0 0 0
Total revenues 1 0 2 1
Expenses:        
Depreciation and amortization 201 14 384 27
Interest 0 0 0 0
Operating expenses 0 0 0 0
General and administrative 3,713 3,589 8,187 9,491
Provision for doubtful accounts and loan losses (888) (136) (655) (600)
Impairment of real estate     0  
Total expenses 3,026 3,467 7,916 8,918
Other income (expense):        
Loss on extinguishment of debt     0  
Other income (loss) 2,098 0 2,098 0
Gain (loss) on sale of real estate 0 0 0 0
Total other income (expense) 2,098 0 2,098 0
Income in subsidiary 38,468 20,302 27,707 45,202
Net income 37,541 16,835 21,891 36,285
Net loss attributable to noncontrolling interests 0 0 0 0
Net income attributable to Sabra Health Care REIT, Inc. 37,541 16,835 21,891 36,285
Preferred stock dividends (2,560) (2,560) (5,121) (5,121)
Net income attributable to common stockholders 34,981 14,275 16,770 31,164
Issuers [Member]        
Revenues:        
Rental income 0 0 0 0
Interest and other income 119 74 238 72
Resident fees and services 0 0 0 0
Total revenues 119 74 238 72
Expenses:        
Depreciation and amortization 0 0 0 0
Interest 13,720 12,665 28,023 25,216
Operating expenses 0 0 0 0
General and administrative 12 2 22 3
Provision for doubtful accounts and loan losses 0 0 0 0
Impairment of real estate     0  
Total expenses 13,732 12,667 28,045 25,219
Other income (expense):        
Loss on extinguishment of debt     (468)  
Other income (loss) 16 0 516 0
Gain (loss) on sale of real estate 0 0 0 0
Total other income (expense) 16 0 48 0
Income in subsidiary 52,065 32,895 55,466 70,349
Net income 38,468 20,302 27,707 45,202
Net loss attributable to noncontrolling interests 0 0 0 0
Net income attributable to Sabra Health Care REIT, Inc. 38,468 20,302 27,707 45,202
Preferred stock dividends 0 0 0 0
Net income attributable to common stockholders 38,468 20,302 27,707 45,202
Combined Guarantor Subsidiaries [Member]        
Revenues:        
Rental income 48,782 44,888 97,642 89,489
Interest and other income 17,078 5,925 22,488 11,309
Resident fees and services 1,413 0 2,758 0
Total revenues 67,273 50,813 122,888 100,798
Expenses:        
Depreciation and amortization 14,138 12,981 29,647 25,683
Interest 964 136 1,832 136
Operating expenses 1,015 0 1,985 0
General and administrative 857 5,714 1,029 6,128
Provision for doubtful accounts and loan losses 1,111 3,108 3,401 4,716
Impairment of real estate     29,811  
Total expenses 18,085 21,939 67,705 36,663
Other income (expense):        
Loss on extinguishment of debt     (88)  
Other income (loss) 309 (100) (141) (200)
Gain (loss) on sale of real estate (52) 1,723 (4,654) 1,723
Total other income (expense) 257 1,623 (4,883) 1,523
Income in subsidiary 2,686 1,469 5,304 2,864
Net income 52,131 31,966 55,604 68,522
Net loss attributable to noncontrolling interests 0 0 0 0
Net income attributable to Sabra Health Care REIT, Inc. 52,131 31,966 55,604 68,522
Preferred stock dividends 0 0 0 0
Net income attributable to common stockholders 52,131 31,966 55,604 68,522
Combined Non-Guarantor Subsidiaries [Member]        
Revenues:        
Rental income 6,754 5,008 13,444 9,912
Interest and other income (9) 0 (26) 1
Resident fees and services 546 691 1,116 1,374
Total revenues 7,291 5,699 14,534 11,287
Expenses:        
Depreciation and amortization 2,066 1,502 4,140 2,937
Interest 1,862 1,251 3,728 2,580
Operating expenses 675 499 1,356 997
General and administrative 54 58 112 102
Provision for doubtful accounts and loan losses 0 0 0 0
Impairment of real estate     0  
Total expenses 4,657 3,310 9,336 6,616
Other income (expense):        
Loss on extinguishment of debt     0  
Other income (loss) (23) 0 (73) 0
Gain (loss) on sale of real estate 0 0 0 0
Total other income (expense) (23) 0 (73) 0
Income in subsidiary 0 0 0 0
Net income 2,611 2,389 5,125 4,671
Net loss attributable to noncontrolling interests 9 9 41 20
Net income attributable to Sabra Health Care REIT, Inc. 2,620 2,398 5,166 4,691
Preferred stock dividends 0 0 0 0
Net income attributable to common stockholders $ 2,620 $ 2,398 $ 5,166 $ 4,691