Financial Information for Operation Segments Level 3 (Tables)

9 Months Ended

Sep. 30, 2012

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]

The following table summarizes the Company’s financial information for the Property Operations segment for the three and nine months ended September 30, 2012 and 2011 (amounts in thousands):

	Three Months Ended						Nine Months Ended
	September 30, 2012			September 30, 2011			September 30, 2012			September 30, 2011
Revenues:
Community base rental income	$	103,668		$	87,149		$	309,819		$	219,740
Resort base rental income	36,516			36,139			104,503			101,858
Right-to-use annual payments	12,115			12,444			36,087			37,019
Right-to-use contracts current period, gross	4,494			4,386			9,680			13,096
Right-to-use contracts current period, deferred	(2,788		)	(2,858		)	(4,680		)	(8,768		)
Utility income and other	16,036			14,498			50,021			40,044
Ancillary services revenues, net	735			1,476			2,309			3,116
Total property operations revenues	170,776			153,234			507,739			406,105
Expenses:
Property operating and maintenance	60,378			56,451			173,147			148,417
Real estate taxes	11,826			10,304			36,300			26,522
Sales and marketing, gross	3,573			2,950			7,849			8,289
Sales and marketing deferred commissions, net	(1,277		)	(1,148		)	(2,174		)	(3,495		)
Property management	9,473			9,201			28,651			25,857
Total property operations expenses	83,973			77,758			243,773			205,590
Income from property operations segment	$	86,803		$	75,476		$	263,966		$	200,515

The following table summarizes the Company’s financial information for the Home Sales and Rentals Operations segment for the three and nine months ended September 30, 2012 and 2011 (amounts in thousands):

	Three Months Ended				Nine Months Ended
	September 30, 2012		September 30, 2011		September 30, 2012		September 30, 2011
Revenues:
Gross revenue from home sales	$	1,861	$	1,636	$	5,881	$	4,281
Brokered resale revenues, net	261		141		922		608
Rental home income (a)	3,711		2,311		10,112		5,262
Total revenues	5,833		4,088		16,915		10,151
Expenses:
Cost of home sales	2,051		1,552		6,869		4,020
Home selling expenses	334		356		1,070		1,239
Rental home operating and maintenance	2,009		1,417		5,155		3,084
Total expenses	4,394		3,325		13,094		8,343
Income from home sales and rentals operations segment	$	1,439	$	763	$	3,821	$	1,808

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(a) Does not include approximately $9.3 million and $6.2 million for the three months ended September 30, 2012 and 2011, respectively, and approximately $26.1 million and $16.0 million for the nine months ended September 30, 2012 and 2011, respectively, of site rental income included in Community base rental income.