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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Rental income:      
Triple-net leased $ 779,801 $ 674,547 $ 586,016
Medical office buildings 566,245 463,910 450,340
Total rental income 1,346,046 1,138,457 1,036,356
Resident fees and services 1,811,255 1,552,951 1,406,005
Medical office building and other services revenue 41,492 29,364 17,809
Income from loans and investments 86,553 51,778 54,425
Interest and other income 1,052 4,263 2,022
Total revenues 3,286,398 2,776,813 2,516,617
Expenses:      
Interest 367,114 292,065 249,009
Depreciation and amortization 894,057 725,216 629,908
Property-level operating expenses:      
Senior living 1,209,415 1,036,556 956,684
Medical office buildings 174,225 158,832 153,241
Total property-level operating expenses 1,383,640 1,195,388 1,109,925
Medical office building services costs 26,565 17,092 8,315
General, administrative and professional fees 128,035 121,738 115,083
Loss on extinguishment of debt, net 14,411 5,564 1,201
Merger-related expenses and deal costs 102,944 43,304 21,634
Other 17,957 25,743 17,364
Total expenses 2,934,723 2,426,110 2,152,439
Income before loss from unconsolidated entities, income taxes, discontinued operations, real estate dispositions and noncontrolling interest 351,675 350,703 364,178
Loss from unconsolidated entities (1,420) (139) (508)
Income tax benefit 39,284 8,732 11,828
Income from continuing operations 389,539 359,296 375,498
Discontinued operations 11,103 99,735 79,171
Gain on real estate dispositions 18,580 17,970 0
Net income 419,222 477,001 454,669
Net income attributable to noncontrolling interest 1,379 1,234 1,160
Net income attributable to common stockholders $ 417,843 $ 475,767 $ 453,509
Basic:      
Income from continuing operations attributable to common stockholders (in dollars per share) $ 1.23 $ 1.28 $ 1.28
Discontinued operations (in dollars per share) 0.03 0.34 0.27
Net income attributable to common stockholders (in dollars per share) 1.26 1.62 1.55
Diluted:      
Income from continuing operations attributable to common stockholders (in dollars per share) 1.22 1.26 1.27
Discontinued operations (in dollars per share) 0.03 0.34 0.27
Net income attributable to common stockholders (in dollars per share) $ 1.25 $ 1.60 $ 1.54
Weighted average shares used in computing earnings per common share:      
Basic (in shares) 330,311 294,175 292,654
Diluted (in shares) 334,007 296,677 295,110