XML 38 R28.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Information (Tables)
6 Months Ended
Jun. 30, 2014
Segment Reporting, Measurement Disclosures [Abstract]  
Schedule of Segment Reporting Information, by Segment, Revenue and Net Operating Income [Table Text Block]
The operating information by reportable segment is as follows (in thousands):
 
 
 
For the Three Months
 
For the Six Months
 
 
 
Ended June 30,
 
Ended June 30,
 
 
 
2014
 
2013
 
2014
 
2013
Operating revenue
 
 
 
 
 
 
 
 
 
Carolinas
 
$
8,486

 
$
7,309

 
$
16,803

 
$
14,587

 
Chicago/Milwaukee
 
8,152

 
3,470

 
16,723

 
6,163

 
Houston
 
12,128

 
9,018

 
23,995

 
17,353

 
Lehigh/Central PA
 
28,195

 
24,681

 
57,819

 
49,358

 
Minnesota
 
13,541

 
15,345

 
27,292

 
30,728

 
Orlando
 
8,061

 
7,876

 
16,056

 
15,573

 
Philadelphia
 
8,691

 
7,061

 
18,099

 
15,394

 
Richmond/Hampton Roads
 
10,115

 
9,794

 
20,184

 
19,940

 
South Florida
 
11,707

 
8,676

 
24,016

 
17,234

 
Southeastern PA
 
36,309

 
40,389

 
74,746

 
81,443

 
Tampa
 
13,230

 
13,116

 
26,404

 
26,082

 
United Kingdom
 
4,218

 
1,120

 
8,320

 
2,220

 
Other
 
30,122

 
30,716

 
65,158

 
60,446

Segment-level operating revenue
 
192,955

 
178,571

 
395,615

 
356,521

 
 
 
 
 
 
 
 
 
 
 Reconciliation to total operating revenues
 
 
 
 
 
 
 
 
 
 Discontinued operations
 
28

 
(27,516
)
 
(4,735
)
 
(58,597
)
 
 Other
 
(24
)
 
(31
)
 
(306
)
 
226

 Total operating revenue
 
$
192,959

 
$
151,024

 
$
390,574

 
$
298,150

 
 
 
 
 
 
 
 
 
 
 Net operating income
 
 
 
 
 
 
 
 
 
 
Carolinas
 
$
5,693

 
$
4,939

 
$
11,435

 
$
9,853

 
Chicago/Milwaukee
 
4,973

 
1,812

 
10,136

 
3,986

 
Houston
 
7,232

 
5,058

 
14,284

 
10,309

 
Lehigh/Central PA
 
19,773

 
16,550

 
39,013

 
33,218

 
Minnesota
 
6,770

 
7,562

 
13,390

 
15,274

 
Orlando
 
5,354

 
5,125

 
10,846

 
10,376

 
Philadelphia
 
6,790

 
5,071

 
13,511

 
10,950

 
Richmond/Hampton Roads
 
6,054

 
5,853

 
11,973

 
12,079

 
South Florida
 
6,891

 
4,858

 
14,418

 
9,433

 
Southeastern PA
 
20,060

 
22,255

 
39,660

 
44,868

 
Tampa
 
8,488

 
8,353

 
16,929

 
16,607

 
United Kingdom
 
2,722

 
(321
)
 
6,248

 
(455
)
 
Other
 
19,167

 
15,665

 
40,898

 
32,792

Segment-level net operating income
 
119,967

 
102,780

 
242,741

 
209,290

 
 
 
 
 
 
 
 
 
 
 Reconciliation to income from continuing operations
 
 
 
 
 
 
 
 
 
 Interest expense (1)
 
(38,470
)
 
(32,138
)
 
(78,234
)
 
(64,220
)
 
 Depreciation/amortization expense (2)
 
(44,561
)
 
(29,061
)
 
(89,098
)
 
(58,368
)
 
 Gain on property dispositions
 
1,896

 

 
1,896

 

 
 Equity in earnings of unconsolidated joint ventures
 
1,546

 
1,566

 
5,705

 
3,323

 
 General and administrative expense (2)
 
(8,232
)
 
(8,945
)
 
(20,633
)
 
(22,821
)
 
 Discontinued operations excluding gain on property dispositions
 
(101
)
 
(6,008
)
 
(1,759
)
 
(14,125
)
 
 Income taxes (2)
 
(663
)
 
(645
)
 
(1,146
)
 
(1,136
)
 
 Other
 
(1,516
)
 
2,028

 
(3,274
)
 
2,467

 Income from continuing operations
 
$
29,866

 
$
29,577

 
$
56,198

 
$
54,410

(1)
Includes interest on discontinued operations.
(2)
Excludes costs which are included in determining segment-level net operating income.
Reconciliation of Assets from Segment to Consolidated [Table Text Block]
The Company's total assets by reportable segment as of June 30, 2014 and December 31, 2013 is as follows (in thousands):

 
 
June 30,
2014
 
December 31,
2013
Total assets
 
 
 
 
 
Carolinas
$
303,215

 
$
257,230

 
Chicago/Milwaukee
416,197

 
413,585

 
Houston
401,045

 
380,248

 
Lehigh/Central PA
972,962

 
938,824

 
Minnesota
343,894

 
335,613

 
Orlando
255,915

 
253,888

 
Philadelphia
336,783

 
316,810

 
Richmond/Hampton Roads
248,446

 
250,008

 
South Florida
379,976

 
380,138

 
Southeastern PA
699,676

 
695,966

 
Tampa
336,012

 
337,300

 
United Kingdom
265,018

 
247,537

 
Other
1,504,110

 
1,735,393

Segment-level total assets
6,463,249

 
6,542,540

 
Corporate Other
268,490

 
233,020

Total assets
$
6,731,739

 
$
6,775,560