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Reportable Segments (Tables)
 12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
 
Year Ended December 31, 2016
(amounts in thousands)
Property
Operations
 
Home Sales
and Rentals
Operations
 
Consolidated
Operations revenues
$
803,784

 
$
52,496

 
$
856,280

Operations expenses
(379,201
)
 
(47,914
)
 
(427,115
)
Income from segment operations
424,583

 
4,582

 
429,165

Interest income
2,894

 
3,888

 
6,782

Depreciation on real estate assets and rental homes
(106,560
)
 
(10,840
)
 
(117,400
)
Amortization of in-place leases
(3,373
)
 
—

 
(3,373
)
Income from operations
$
317,544

 
$
(2,370
)
 
315,174

Reconciliation to consolidated net income
 
 
 
 
 
Corporate interest income
 
 
 
 
63

Income from other investments, net
 
 
 
 
7,310

General and administrative
 
 
 
 
(31,004
)
Other expenses
 
 
 
 
(4,986
)
Interest and related amortization
 
 
 
 
(102,030
)
Equity in income of unconsolidated joint ventures
 
 
 
 
2,605

Consolidated net income
 
 
 
 
$
187,132

 
 
 
 
 
 
Total assets
$
3,250,205

 
$
228,782

 
$
3,478,987

Capital improvements
$
57,825

 
$
61,612

 
$
119,437

 
Year Ended December 31, 2017
(amounts in thousands)
Property
Operations
 
Home Sales
and Rentals
Operations
 
Consolidated
Operations revenues
$
859,582

 
$
52,355

 
$
911,937

Operations expenses
(411,465
)
 
(47,309
)
 
(458,774
)
Income from segment operations
448,117

 
5,046

 
453,163

Interest income
3,048

 
4,192

 
7,240

Depreciation on real estate assets and rental homes
(110,841
)
 
(10,614
)
 
(121,455
)
Amortization of in-place leases
(2,231
)
 
—

 
(2,231
)
Income (loss) from operations
$
338,093

 
$
(1,376
)
 
336,717

Reconciliation to consolidated net income
 
 
 
 
 
Corporate interest income
 
 
 
 
340

Income from other investments, net
 
 
 
 
5,795

General and administrative
 
 
 
 
(31,737
)
Other expenses
 
 
 
 
(1,148
)
Early debt retirement
 
 
 
 
(2,785
)
Interest and related amortization
 
 
 
 
(100,570
)
Equity in income of unconsolidated joint ventures
 
 
 
 
3,765

Consolidated net income
 
 
 
 
$
210,377

 
 
 
 
 
 
Total assets
$
3,386,084

 
$
223,948

 
$
3,610,032

Capital improvements
$
76,112

 
$
49,938

 
$
126,050

The following tables summarize our segment financial information:
 
Year Ended December 31, 2018
(amounts in thousands)
Property
Operations
 
Home Sales
and Rentals
Operations
 
Consolidated
Operations revenues
$
916,565

 
$
51,721

 
$
968,286

Operations expenses
(434,360
)
 
(48,406
)
 
(482,766
)
Income from segment operations
482,205

 
3,315

 
485,520

Interest income
3,374

 
3,898

 
7,272

Depreciation on real estate assets and rental homes
(120,212
)
 
(9,810
)
 
(130,022
)
Amortization of in-place leases
(7,187
)
 
—

 
(7,187
)
Income (loss) from operations
$
358,180

 
$
(2,597
)
 
355,583

Reconciliation to consolidated net income
 
 
 
 
 
Corporate interest income
 
 
 
 
253

Income from other investments, net
 
 
 
 
10,842

General and administrative
 
 
 
 
(37,684
)
Early debt retirement
 
 
 
 
(1,071
)
Other expenses
 
 
 
 
(1,483
)
Interest and related amortization
 
 
 
 
(104,993
)
Equity in income of unconsolidated joint ventures
 
 
 
 
4,939

Consolidated net income
 
 
 
 
$
226,386

 
 
 
 
 
 
Total assets
$
3,692,510

 
$
233,298

 
$
3,925,808

Capital improvements
$
94,015

 
$
87,607

 
$
181,622
Reconciliation of Operating Profit (Loss) from Segments to Consolidated
The following table summarizes our financial information for the Property Operations segment: 
 
Years Ended December 31,
(amounts in thousands)
2018
 
2017
 
2016
Revenues:
 
 
 
 
 
Community base rental income
$
518,252

 
$
489,613

 
$
464,745

Resort base rental income
239,906

 
218,806

 
201,533

Right-to-use annual payments
47,778

 
45,798

 
45,035

Right-to-use contracts current period, gross
15,191

 
14,132

 
12,327

Right-to-use contract upfront payments, deferred, net
(7,380
)
 
(4,108
)
 
(3,079
)
Utility income and other
100,562

 
93,252

 
81,427

Ancillary services revenues, net
2,256

 
2,089

 
1,796

Total property operations revenues
916,565

 
859,582

 
803,784

Expenses:
 
 
 
 
 
Property operating and maintenance
313,003

 
294,119

 
268,249

Real estate taxes
55,892

 
55,010

 
53,036

Sales and marketing, gross
12,542

 
11,438

 
11,056

Right-to-use contract commissions, deferred, net
(813
)
 
(354
)
 
(223
)
Property management
53,736

 
51,252

 
47,083

Total property operations expenses
434,360

 
411,465

 
379,201

Income from property operations segment
$
482,205

 
$
448,117

 
$
424,583


The following table summarizes our financial information for the Home Sales and Rentals Operations segment: 
 
Years Ended December 31,
(amounts in thousands)
2018
 
2017
 
2016
Revenues:
 
 
 
 
 
Gross revenue from home sales
$
36,064

 
$
36,302

 
$
37,191

Brokered resale revenues, net
1,290

 
1,235

 
1,198

Rental home income (1)
14,329

 
14,344

 
14,107

Ancillary services revenues, net
38

 
474

 
—

Total revenues
51,721

 
52,355

 
52,496

Expenses:
 
 
 
 
 
Cost of home sales
37,475

 
36,513

 
37,456

Home selling expenses
4,095

 
4,186

 
3,575

Rental home operating and maintenance
6,836

 
6,610

 
6,883

Total expenses
48,406

 
47,309

 
47,914

Income from home sales and rentals operations segment
$
3,315

 
$
5,046

 
$
4,582

_________________________ 
(1)
Segment information does not include Site rental income included in Community base rental income.