XML 62 R51.htm IDEA: XBRL DOCUMENT v3.20.2
Reportable Segments - Income from Segment (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Other income $ 12,268 $ 11,263 $ 33,007 $ 31,898
Total revenues 284,986 271,160 819,552 778,616
Expenses:        
Real estate taxes 15,981 15,166 49,490 45,596
Sales and marketing, gross 5,054 4,063 13,308 11,686
Membership sales commissions, deferred, net (630) (313) (1,327) (893)
Total expenses 232,486 206,502 648,746 601,604
Income before equity in income of unconsolidated joint ventures 52,500 64,658 170,806 229,519
Property Operations        
Revenues:        
Rental home income 234,711 221,306 683,960 649,663
Other income 12,268 11,263 33,007 31,898
Total revenues 264,284 249,632 764,913 729,496
Expenses:        
Property operating and maintenance 97,848 89,162 264,159 249,482
Real estate taxes 15,981 15,166 49,490 45,596
Sales and marketing, gross 5,054 4,063 13,308 11,686
Membership sales commissions, deferred, net (630) (313) (1,327) (893)
Total expenses 132,780 122,683 369,974 348,546
Income before equity in income of unconsolidated joint ventures 131,504 126,949 394,939 380,950
Home Sales and Rentals Operations        
Revenues:        
Rental home income 4,158 3,810 12,218 11,026
Total revenues 17,473 12,668 46,147 34,841
Expenses:        
Property operating and maintenance 1,718 1,603 4,306 4,099
Home selling expenses 1,241 1,033 3,535 3,218
Total expenses 15,825 11,070 41,468 30,547
Income before equity in income of unconsolidated joint ventures 1,648 1,598 4,679 4,294
Annual membership subscriptions        
Revenues:        
Contract revenue 13,442 13,150 39,476 38,052
Annual membership subscriptions | Property Operations        
Revenues:        
Contract revenue 13,442 13,150 39,476 38,052
Membership upgrade sales current period, gross        
Revenues:        
Contract revenue 6,631 5,730 16,522 14,609
Membership upgrade sales current period, gross | Property Operations        
Revenues:        
Contract revenue 6,631 5,730 16,522 14,609
Membership upgrade sales upfront payments, deferred, net        
Revenues:        
Contract revenue (4,171) (3,530) (9,379) (8,213)
Membership upgrade sales upfront payments, deferred, net | Property Operations        
Revenues:        
Contract revenue (4,171) (3,530) (9,379) (8,213)
Gross revenues from home sales        
Revenues:        
Contract revenue 13,070 8,438 33,245 22,738
Expenses:        
Cost of home sales 12,866 8,434 33,627 23,230
Gross revenues from home sales | Home Sales and Rentals Operations        
Revenues:        
Contract revenue 13,070 8,438 33,245 22,738
Expenses:        
Cost of home sales 12,866 8,434 33,627 23,230
Brokered resale revenues, net | Home Sales and Rentals Operations        
Revenues:        
Contract revenue 245 420 684 1,077
Ancillary services | Property Operations        
Revenues:        
Contract revenue 1,403 1,713 1,327 3,487
Ancillary services | Home Sales and Rentals Operations        
Revenues:        
Contract revenue 0 0 0 0
Property management        
Expenses:        
Cost of home sales 14,527 14,605 44,344 42,675
Property management | Property Operations        
Expenses:        
Cost of home sales $ 14,527 $ 14,605 $ 44,344 $ 42,675