XML 47 R36.htm IDEA: XBRL DOCUMENT v3.10.0.1
Reportable Segments - Income from Segment (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Community base rental income $ 128,579 $ 121,964 $ 255,318 $ 242,656
Rental home income 3,561 3,632 7,076 7,237
Total revenues 240,502 221,312 486,527 453,701
Expenses:        
Property operating and maintenance 80,091 72,901 154,999 140,955
Real estate taxes 13,440 13,943 27,575 27,980
Sales and marketing, gross 3,305 2,894 6,117 5,584
Right-to-use contract commissions, deferred, net (262) (112) (286) (196)
Home selling expenses 973 929 2,048 1,854
Rental home operating and maintenance 1,629 1,657 3,053 3,208
Total expenses 192,946 177,889 375,989 348,354
Income before equity in income of unconsolidated joint ventures 47,556 43,423 110,538 105,347
Property Operations        
Revenues:        
Community base rental income 128,579 121,964 255,318 242,656
Rental home income 55,231 50,055 119,485 111,123
Utility and other income 24,320 20,650 49,841 42,776
Total revenues 222,167 206,594 453,183 425,582
Expenses:        
Property operating and maintenance 80,091 72,901 154,999 140,955
Real estate taxes 13,440 13,943 27,575 27,980
Sales and marketing, gross 3,305 2,894 6,117 5,584
Right-to-use contract commissions, deferred, net (262) (112) (286) (196)
Total expenses 110,046 102,649 215,558 199,906
Income before equity in income of unconsolidated joint ventures 112,121 103,945 237,625 225,676
Home Sales and Rentals Operations        
Revenues:        
Rental home income 3,561 3,632 7,076 7,237
Total revenues 13,060 11,811 25,179 22,685
Expenses:        
Home selling expenses 973 929 2,048 1,854
Rental home operating and maintenance 1,629 1,657 3,053 3,208
Total expenses 12,234 10,481 23,307 20,076
Income before equity in income of unconsolidated joint ventures 826 1,330 1,872 2,609
Gross revenues from home sales        
Revenues:        
Contract revenue 9,105 7,833 17,414 14,860
Expenses:        
Cost of home sales 9,632 7,895 18,206 15,014
Gross revenues from home sales | Home Sales and Rentals Operations        
Revenues:        
Contract revenue 9,105 7,833 17,414 14,860
Expenses:        
Cost of home sales 9,632 7,895 18,206 15,014
Brokered resale revenues, net | Home Sales and Rentals Operations        
Revenues:        
Contract revenue 369 346 651 588
Right-to-use annual payments        
Revenues:        
Contract revenue 11,891 11,350 23,410 22,602
Right-to-use annual payments | Property Operations        
Revenues:        
Contract revenue 11,891 11,350 23,410 22,602
Right-to-use contracts current period, gross        
Revenues:        
Contract revenue 3,944 3,798 7,106 7,004
Right-to-use contracts current period, gross | Property Operations        
Revenues:        
Contract revenue 3,944 3,798 7,106 7,004
Right-to-use contract upfront payments, deferred, net        
Revenues:        
Contract revenue (2,021) (1,321) (3,306) (2,096)
Right-to-use contract upfront payments, deferred, net | Property Operations        
Revenues:        
Contract revenue (2,021) (1,321) (3,306) (2,096)
Ancillary services | Property Operations        
Revenues:        
Contract revenue 223 98 1,329 1,517
Ancillary services | Home Sales and Rentals Operations        
Revenues:        
Contract revenue 25 0 38 0
Property management        
Expenses:        
Cost of home sales 13,472 13,023 27,153 25,583
Property management | Property Operations        
Expenses:        
Cost of home sales $ 13,472 $ 13,023 $ 27,153 $ 25,583