XML 18 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated and Combined Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues:                      
Rental income (related party rental income of $16,308, $32,667 and $0 for the year ended December 31, 2015, 2014 and 2013, respectively – Note 6)                 $ 65,979 $ 51,367 $ 41,242
Tenant reimbursements (related party tenant reimbursements of $1,406, $2,842 and $0 for the year ended December 31, 2015, 2014 and 2013, respectively – Note 6)                 5,497 4,956 5,168
Independent living facilities                 2,510 2,519 2,386
Interest and other income                 965 55 0
Total revenues $ 22,632 $ 17,985 $ 17,376 $ 16,958 $ 16,077 $ 15,884 $ 14,065 $ 12,871 74,951 58,897 48,796
Expenses:                      
Depreciation and amortization                 24,133 23,000 23,418
Interest expense                 25,256 21,622 12,647
Loss on extinguishment of debt                 0 4,067 0
Property taxes                 5,497 4,956 5,168
Acquisition costs                 0 47 255
Independent living facilities                 2,376 2,243 2,138
General and administrative                 7,655 11,105 5,442
Total expenses                 64,917 67,040 49,068
Income (loss) before provision for income taxes 5,003 727 2,266 2,038 630 1,967 (10,325) (362) 10,034 (8,143) (272)
Provision for income taxes 0 0 0 0 0 0 17 36 0 0 123
Net income (loss) $ 5,003 $ 727 $ 2,266 $ 2,038 $ 630 $ 1,967 $ (10,342) $ (398) $ 10,034 $ (8,143) $ (395)
Earnings (loss) per common share:                      
Basic (in usd per share) $ 0.10 $ 0.02 $ 0.07 $ 0.06 $ 0.03 $ 0.09 $ (0.47) $ (0.02) $ 0.26 $ (0.36) $ (0.02)
Diluted (in usd per share) $ 0.10 $ 0.02 $ 0.07 $ 0.06 $ 0.03 $ 0.09 $ (0.47) $ (0.02) $ 0.26 $ (0.36) $ (0.02)
Weighted-average number of common shares:                      
Basic (in shares) 47,660 39,125 31,278 31,257 24,419 22,255 22,231 22,228 37,380 22,788 22,228
Diluted (in shares) 47,660 39,125 31,278 31,257 24,586 22,436 22,231 22,228 37,380 22,788 22,228