XML 43 R25.htm IDEA: XBRL DOCUMENT v3.8.0.1
PRO FORMA FINANCIAL INFORMATION (UNAUDITED)
12 Months Ended
Dec. 31, 2017
Pro Forma Financial Information [Abstract]  
PRO FORMA FINANCIAL INFORMATION (UNAUDITED)
PRO FORMA FINANCIAL INFORMATION (UNAUDITED)
The following table summarizes, on an unaudited pro forma basis, the consolidated results of operations of the Company for the years ended December 31, 2017 and 2016 to give effect to the CCP Merger completed during the year ended December 31, 2017 and the acquisition of one skilled nursing/transitional care facility and three senior housing communities during the year ended December 31, 2016. The following unaudited pro forma information has been prepared to give effect to the acquisitions completed during the years ended December 31, 2017 and 2016 as if these acquisitions occurred on January 1, 2016 and 2015, respectively. This pro forma information does not purport to represent what the actual results of operations of the Company would have been had these acquisitions occurred on January 1, 2016 and 2015, nor does it purport to predict the results of operations for future periods.
 
 
Year Ended December 31,
 
 
2017
 
2016
 
 
(in thousands, except share and per share amounts)
Revenues
 
$
631,041

 
$
627,475

Net income attributable to common stockholders
 
$
292,551

 
$
225,331

 
 
 
 
 
Net income attributable to common stockholders, per:
 
 
 
 
     Basic common share
 
$
1.78

 
$
1.41

     Diluted common share
 
$
1.78

 
$
1.41

 
 
 
 
 
Weighted-average number of common shares outstanding, basic
 
164,361,139

 
159,319,612

Weighted-average number of common shares outstanding, diluted
 
164,582,331

 
159,556,033


Merger and acquisition costs of $30.2 million related to the CCP Merger completed during year the ended December 31, 2017 are reflected above as if they were incurred on January 1, 2016.