XML 34 R27.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Information (Tables)
6 Months Ended
Jun. 30, 2013
Segment Reporting, Measurement Disclosures [Abstract]  
Company's Reportable Segments [Table Text Block]
REGIONS
MARKETS
 
 
Northeast
Southeastern PA; Lehigh/Central PA; New Jersey; Maryland
Central
Minnesota; Chicago/Milwaukee; Houston; Arizona
South
Richmond/Hampton Roads; Carolinas; Jacksonville; Orlando; South Florida; Tampa
Metro
Philadelphia; Metro Washington, D.C.
United Kingdom
County of Kent; West Midlands; Cambridge
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 Ended
 
For the Six Months Ended
 
 
 
June 30,
 
June 30,
 
 
 
2013
 
2012
 
2013
 
2012
Operating revenue
 
 
 
 
 
 
 
 
 
 Northeast - Southeastern PA
 
$
40,389

 
$
41,690

 
$
81,443

 
$
83,885

 
 Northeast - Lehigh / Central PA
 
24,681

 
23,913

 
49,358

 
47,991

 
 Northeast - Other
 
14,660

 
14,454

 
30,054

 
31,854

 
 Central
 
34,129

 
28,827

 
66,529

 
60,971

 
 South
 
53,768

 
51,746

 
107,330

 
105,758

 
 Metro
 
9,824

 
8,236

 
19,587

 
16,424

 
 United Kingdom
 
1,120

 
1,104

 
2,220

 
2,265

Segment-level operating revenue
 
178,571

 
169,970

 
356,521

 
349,148

 
 
 
 
 
 
 
 
 
 
 Reconciliation to total operating revenue
 
 
 
 
 
 
 
 
 
 Discontinued operations
 
(436
)
 
(5,281
)
 
(3,955
)
 
(19,663
)
 
 Other
 
(31
)
 
(195
)
 
226

 
(27
)
 Total operating revenue
 
$
178,104

 
$
164,494

 
$
352,792

 
$
329,458

 
 
 
 
 
 
 
 
 
 
 Net operating income
 
 
 
 
 
 
 
 
 
 Northeast - Southeastern PA
 
$
22,255

 
$
24,814

 
$
44,868

 
$
49,984

 
 Northeast - Lehigh / Central PA
 
16,550

 
16,558

 
33,218

 
32,753

 
 Northeast - Other
 
7,845

 
7,628

 
16,167

 
16,733

 
 Central
 
18,384

 
15,544

 
37,307

 
33,291

 
 South
 
33,341

 
31,316

 
66,658

 
63,971

 
 Metro
 
4,728

 
5,986

 
11,525

 
11,615

 
 United Kingdom
 
(321
)
 
(121
)
 
(455
)
 
(349
)
Segment-level net operating income
 
102,782

 
101,725

 
209,288

 
207,998

 
 
 
 
 
 
 
 
 
 
 Reconciliation to income from continuing operations
 
 
 
 
 
 
 
 
 
 Interest expense (1)
 
(32,138
)
 
(30,911
)
 
(64,220
)
 
(61,815
)
 
 Depreciation/amortization expense (2)
 
(29,061
)
 
(25,812
)
 
(58,368
)
 
(51,464
)
 
 Gain on property dispositions
 
3,071

 
335

 
4,871

 
858

 
 Equity in earnings of unconsolidated joint ventures
 
1,566

 
769

 
3,323

 
1,685

 
 General and administrative expense (2)
 
(8,945
)
 
(8,936
)
 
(22,821
)
 
(20,486
)
 
 Discontinued operations excluding gain on property dispositions
 
672

 
(1,829
)
 
(740
)
 
(6,704
)
 
 Income taxes (2)
 
(645
)
 
(109
)
 
(1,136
)
 
(195
)
 
 Other
 
(1,012
)
 
(2,362
)
 
(2,376
)
 
(3,344
)
Income from continuing operations
 
$
36,290

 
$
32,870

 
$
67,821

 
$
66,533


(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]

 
 
June 30, 2013
 
December 31, 2012
Total assets
 
 
 
 
 Northeast - Southeastern PA
$
803,432

 
$
816,437

 
 Northeast - Lehigh / Central PA
779,078

 
780,182

 
 Northeast - Other
382,070

 
388,446

 
 Central
1,102,707

 
1,073,631

 
 South
1,435,576

 
1,455,805

 
 Metro
567,987

 
478,835

 
 United Kingdom
120,343

 
138,025

 
 Other
56,599

 
42,818

Total assets
$
5,247,792

 
$
5,174,179