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Consolidated Statements of Income and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenues:    
Community base rental income $ 106,045 $ 100,776
Rental home income 3,757 3,394
Resort base rental income 44,949 40,739
Right-to-use annual payments 11,214 11,523
Right-to-use contracts current period, gross 2,923 2,831
Right-to-use contracts, deferred, net of prior period amortization (1,147) (1,040)
Utility And Other Income 17,571 16,683
Gross revenues from home sales 5,178 2,696
Brokered resale revenues and ancillary services revenues, net 1,799 1,795
Interest income 2,697 1,898
Income from other investments, net 1,601 2,480
Total revenues 196,587 183,775
Expenses:    
Property operating and maintenance 58,696 55,055
Rental home operating and maintenance 1,908 1,870
Real estate taxes 12,485 12,400
Sales and marketing, gross 2,405 2,361
Sales and marketing, deferred commissions, net (555) (463)
Property management 10,632 10,133
Depreciation on real estate and rental homes 27,642 26,020
Amortization of Intangible Assets for Continuing Operations 1,315 159
Cost of home sales 5,368 2,781
Home selling expenses 569 527
General and administrative 5,760 6,711
Rent control initiatives and other 311 232
Interest and related amortization 28,048 30,123
Total expenses 154,584 147,909
Income before equity in income of unconsolidated joint ventures 42,003 35,866
Equity income from unconsolidated joint ventures 1,887 576
Consolidated income from continuing operations 43,890 36,442
Net income from discontinued operations 0 3,068
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax 0 958
Income allocated to non-controlling interest - discontinued operations 0 4,026
Noncontrolling Interest in Net Income (Loss) Operating Partnerships, Redeemable (3,481) (3,133)
Net income (loss) available for Common Shares – basic 38,099 35,024
Consolidated net income 43,890 40,468
Other comprehensive loss:    
Adjustment for fair market value of swap 445 442
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest 44,335 40,910
Comprehensive income (loss) attributable to Common Shareholders 38,507 35,430
Earnings per Common Share - Basic:    
Income from continuing operations $ 0.46 $ 0.38
Income from discontinued operations $ 0.00 $ 0.04
Net income available for Common Shares $ 0.46 $ 0.42
Earnings per Common Share - Fully Diluted:    
Income from continuing operations $ 0.46 $ 0.38
Income from discontinued operations $ 0.00 $ 0.04
Net income available for Common Shares $ 0.46 $ 0.42
Distributions declared per Common Share outstanding $ 0.325 $ 0.25
Weighted average Common Shares outstanding – basic 83,116 83,026
Weighted average Common Shares outstanding – fully diluted 91,353 91,060
Cumulative Series C Six Point Seven Five Percent Redeemable Perpetual Preferred Stock [Member]
   
Other comprehensive loss:    
Redeemable Preferred Stock Dividends (2,310) (2,311)
Non-controlling interests - Common OP Units
   
Other comprehensive loss:    
Comprehensive income (loss) allocated to non-controlling interests $ (3,518) $ (3,169)