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Segment Financial Information Level 3 (Tables)
3 Months Ended
Mar. 31, 2013
Segment Reporting Information [Line Items]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
The following tables summarize our segment financial information for the quarters ended March 31, 2013 and 2012 (amounts in thousands):
Quarter Ended March 31, 2013
 
Property
Operations
 
Home Sales
and Rentals
Operations
 
Consolidated
Operations revenues
$
178,509

 
$
7,322

 
$
185,831

Operations expenses
(81,738
)
 
(5,674
)
 
(87,412
)
Income from segment operations
96,771

 
1,648

 
98,419

Interest income
801

 
1,356

 
2,157

Depreciation on real estate and rental homes
(24,956
)
 
(1,827
)
 
(26,783
)
Amortization of in-place leases
(159
)
 

 
(159
)
Income from operations
$
72,457

 
$
1,177

 
73,634

Reconciliation to Consolidated net income
 
 
 
 
 
Other revenues
 
 
 
 
2,600

General and administrative
 
 
 
 
(6,816
)
Interest and related amortization
 
 
 
 
(30,252
)
Rent control initiatives and other
 
 
 
 
(232
)
Equity in income of unconsolidated joint ventures
 
 
 
 
576

Gain on sale of property, net of tax
 
 
 
 
958

Consolidated net income
 
 
 
 
$
40,468

Total assets
$
3,106,264

 
$
320,302

 
$
3,426,566

Capital improvements
$
4,311

 
$
12,726

 
$
17,037

Quarter Ended March 31, 2012
 
Property
Operations
 
Home Sales
and  Rentals
Operations
 
Consolidated
Operations revenues
$
171,741

 
$
5,432

 
$
177,173

Operations expenses
(78,116
)
 
(4,154
)
 
(82,270
)
Income from segment operations
93,625

 
1,278

 
94,903

Interest income
854

 
1,667

 
2,521

Depreciation on real estate and rental homes
(24,677
)
 
(1,422
)
 
(26,099
)
Amortization of in-place leases
(17,894
)
 
(471
)
 
(18,365
)
Income from operations
$
51,908

 
$
1,052

 
52,960

Reconciliation to Consolidated net income
 
 
 
 
 
Other revenues
 
 
 
 
1,597

General and administrative
 
 
 
 
(6,232
)
Interest and related amortization
 
 
 
 
(30,956
)
Rent control initiatives and other
 
 
 
 
(479
)
Equity in income of unconsolidated joint ventures
 
 
 
 
763

Consolidated net income
 
 
 
 
$
17,653

Total assets
$
3,268,224

 
$
224,345

 
$
3,492,569

Capital improvements
$
5,464

 
$
8,673

 
$
14,137