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Reportable Segments (Tables)
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Segment Reporting [Abstract]      
Schedule of Segment Reporting Information, by Segment
The following tables summarize our segment financial information (amounts in thousands):
Year Ended December 31, 2015
 
Property
Operations
 
Home Sales
and Rentals
Operations
 
Consolidated
Operations revenues
$
758,834

 
$
48,431

 
$
807,265

Operations expenses
(360,353
)
 
(42,637
)
 
(402,990
)
Income from segment operations
398,481

 
5,794

 
404,275

Interest income
2,813

 
4,119

 
6,932

Depreciation on real estate assets and rental homes
(102,747
)
 
(10,862
)
 
(113,609
)
Amortization of in-place leases
(2,358
)
 
—

 
(2,358
)
Income (loss) from operations
$
296,189

 
$
(949
)
 
295,240

Reconciliation to Consolidated net income
 
 
 
 
 
Corporate interest income
 
 
 
 
98

Income from other investments, net
 
 
 
 
7,359

General and administrative
 
 
 
 
(30,644
)
Property rights initiatives and other
 
 
 
 
(2,986
)
Early debt retirement
 
 
 
 
(16,913
)
Interest and related amortization
 
 
 
 
(105,731
)
Equity in income of unconsolidated joint ventures
 
 
 
 
4,089

Consolidated net income
 
 
 
 
$
150,512

 
 
 
 
 
 
Total assets
$
3,177,531

 
$
242,530

 
$
3,420,061

Capital improvements
$
51,369

 
$
42,430

 
$
93,799

Year Ended December 31, 2014  
 
Property
Operations
 
Home Sales
and  Rentals
Operations
 
Consolidated
Operations revenues
$
716,942

 
$
44,467

 
$
761,409

Operations expenses
(345,067
)
 
(36,530
)
 
(381,597
)
Income from segment operations
371,875

 
7,937

 
379,812

Interest income
2,984

 
4,466

 
7,450

Depreciation on real estate assets and rental homes
(99,980
)
 
(11,085
)
 
(111,065
)
Amortization of in-place leases
(3,999
)
 
—

 
(3,999
)
Income from operations
$
270,880

 
$
1,318

 
272,198

Reconciliation to Consolidated net income
 
 
 
 
 
Corporate interest income
 
 
 
 
897

Income from other investments, net
 
 
 
 
7,053

General and administrative
 
 
 
 
(27,410
)
Property rights initiatives and other
 
 
 
 
(2,923
)
Early debt retirement
 
 
 
 
(5,087
)
Interest and related amortization
 
 
 
 
(112,295
)
Equity in income of unconsolidated joint ventures
 
 
 
 
4,578

Gain on sale of property
 
 
 
 
1,457

Consolidated net income
 
 
 
 
$
138,468

 
 
 
 
 
 
Total assets
$
3,178,883

 
$
267,456

 
$
3,446,339

Capital improvements
$
35,973

 
$
27,748

 
$
63,721

Year Ended December 31, 2013
 
Property
Operations
 
Home Sales
and  Rentals
Operations
 
Consolidated
Operations revenues
$
679,992

 
$
33,281

 
$
713,273

Operations expenses
(329,468
)
 
(26,855
)
 
(356,323
)
Income from segment operations
350,524

 
6,426

 
356,950

Interest income
3,397

 
4,373

 
7,770

Depreciation on real estate assets and rental homes
(101,374
)
 
(6,855
)
 
(108,229
)
Amortization of in-place leases
(1,940
)
 
—

 
(1,940
)
Income from operations
$
250,607

 
$
3,944

 
254,551

Reconciliation to Consolidated net income
 
 
 
 
 
Corporate interest income
 
 
 
 
490

Income from other investments, net
 
 
 
 
7,515

General and administrative
 
 
 
 
(28,211
)
Property rights initiatives and other
 
 
 
 
(2,771
)
Early debt retirement
 
 
 
 
(37,844
)
Interest and related amortization
 
 
 
 
(118,522
)
Equity in income of unconsolidated joint ventures
 
 
 
 
2,039

Gain on sale of property, net of tax
 
 
 
 
41,525

Discontinued operations
 
 
 
 
7,133

Consolidated net income
 
 
 
 
$
125,905

 
 
 
 
 
 
Total assets
$
3,096,826

 
$
295,483

 
$
3,392,309

Capital improvements
$
26,430

 
$
38,284

 
$
64,714
Reconciliation of Operating Profit (Loss) from Segments to Consolidated
The following table summarizes our financial information for the Property Operations segment for the years ended December 31, 2015, 2014, and 2013 (amounts in thousands): 

 
 
December 31,
2015
 
December 31,
2014
 
December 31,
2013
Revenues:
 
 
 
 
 
 
Community base rental income
 
$
442,046

 
$
426,886

 
$
409,801

Resort base rental income
 
184,760

 
163,968

 
147,234

Right-to-use annual payments
 
44,443

 
44,860

 
47,967

Right-to-use contracts current period, gross
 
12,783

 
13,892

 
13,815

Right-to-use contract upfront payments, deferred, net
 
(4,231
)
 
(5,501
)
 
(5,694
)
Utility income and other
 
76,153

 
70,209

 
63,800

Ancillary services revenues, net
 
2,880

 
2,628

 
3,069

Total property operations revenues
 
758,834

 
716,942

 
679,992

Expenses:
 
 
 
 
 
 
Property operating and maintenance
 
254,668

 
243,914

 
229,897

Real estate taxes
 
50,962

 
48,714

 
48,279

Sales and marketing, gross
 
11,751

 
12,418

 
13,509

Right-to-use contract commissions, deferred, net
 
(1,556
)
 
(2,617
)
 
(2,410
)
Property management
 
44,528

 
42,638

 
40,193

Total property operations expenses
 
360,353

 
345,067

 
329,468

Income from property operations segment
 
$
398,481

 
$
371,875

 
$
350,524

The following table summarizes our financial information for the Home Sales and Rentals Operations segment, specific to continuing operations, for the years ended December 31, 2015, 2014, and 2013 (amounts in thousands): 
 
 
December 31,
2015
 
December 31,
2014
 
December 31,
2013
Revenues:
 
 
 
 
 
 
Gross revenue from home sales
 
$
33,150

 
$
28,418

 
$
17,871

Brokered resale revenues, net
 
1,269

 
1,222

 
1,143

Rental home income (a)
 
14,012

 
14,827

 
14,267

Total revenues
 
48,431

 
44,467

 
33,281

Expenses:
 
 
 
 
 
 
Cost of home sales
 
32,279

 
26,747

 
17,296

Home selling expenses
 
3,191

 
2,342

 
2,085

Rental home operating and maintenance
 
7,167

 
7,441

 
7,474

Total expenses
 
42,637

 
36,530

 
26,855

Income from home sales and rentals operations segment
 
$
5,794

 
$
7,937

 
$
6,426

(a)
Segment information does not include Site rental income included in Community base rental income.