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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities:    
Net income $ 36,021 $ 35,278
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 8,973 6,761
Straight-line rental income (2,695) (1,077)
Write-off of debt issuance costs 353 0
Loan impairment 4,037 0
Net realized gains on sales of marketable securities 0 (30)
Share-based compensation 1,833 1,679
Income from equity-method investee 91 0
Change in operating assets and liabilities:    
Equity-method investment and other assets (728) (252)
Accounts payable and accrued expenses 326 (457)
Deferred income (104) (30)
Net cash provided by operating activities 47,925 41,872
Cash flows from investing activities:    
Investment in mortgage and other notes receivable (500) (5,262)
Collection of mortgage and other notes receivable 15,484 1,735
Investment in real estate (83,179) (24,298)
Investment in real estate development 3,905 0
Investment in renovations of existing real estate 3,336 0
Real estate purchase deposit (2,500) 0
Proceeds from sales of marketable securities 0 125
Net cash used in investing activities (77,936) (27,700)
Cash flows from financing activities:    
Net change in borrowings under revolving credit facilities 103,000 (97,300)
Borrowings on term loan 80,000 120,000
Repayment of term loan (80,000) 0
Debt issuance costs (1,231) (753)
Proceeds from exercise of stock options (146) 0
Distributions to noncontrolling interest (441) 0
Dividends paid to stockholders (44,166) (42,205)
Net cash provided by (used in) financing activities 57,308 (20,258)
(Decrease) increase in cash and cash equivalents 27,297 (6,086)
Cash and cash equivalents, beginning of year 9,172 15,886
Cash and cash equivalents, end of year 36,469 9,800
Supplemental disclosure of cash flow information:    
Interest Paid 2,282 1,373
Supplemental schedule of non-cash investing and financing activities:    
Conditional consideration in asset acquisition 1,600 0
Assumption of debt in real estate acquisition 80,528 0
Change in fair value of cash flow hedge 1,107 (907)
Assignment of net assets in equity-method investee $ 817 $ 0