Acquisitions and Dispositions of Real Estate Property (Tables)
12 Months Ended
Dec. 31, 2015
Business Acquisition [Line Items]  
Schedule of Acquisition Estimated Fair Value
The following table summarizes the acquisition date fair values of the assets acquired and liabilities assumed, which we determined using level two and level three inputs (in thousands):
Land and improvements
 
$
38,361

Buildings and improvements
 
515,620

Acquired lease intangibles
 
14,138

Goodwill (1)
 
56,275

Other assets
 
8,034

Total assets acquired
 
632,428

Tenant deposits
 
8,801

Lease intangible liabilities
 
3,729

Accounts payable and other liabilities
 
1,343

Total liabilities assumed
 
13,873

Net assets acquired
 
$
618,555

 
 
 
 
 
 
 
 
(1)
As it relates to the HCT acquisition, goodwill was allocated to us on a relative fair value basis from total goodwill recognized by Ventas. A $1.8 million reduction of the original amount of goodwill due to HCT was completed in 2015.
Business acquisition, pro forma information
The following table illustrates the effect on revenues and net income attributable to CCP as if we had consummated the acquisitions completed during the year ended December 31, 2015 as of January 1, 2014.
 
For the Years Ended December 31,
 
2015
 
2014
 
(Unaudited)
 
(In thousands, except per share amounts)
Revenues
$
345,015

 
$
348,906

Net income attributable to CCP
148,392

 
180,152

Net income attributable to CCP, per basic share
$
1.78

 
$
2.16

Net income attributable to CCP, per diluted share
1.77

 
2.15

Specialty Healthcare and Seniors Housing Valuation Firm  
Business Acquisition [Line Items]  
Business acquisition, pro forma information
Below is a summary of the statement of income for the specialty valuation firm we acquired in August 2015 for the period from acquisition through December 31, 2015 (in thousands):
Revenues:
 
Real estate services fee income
$
2,247

Total revenues
2,247

Expenses:
 
Depreciation and amortization
278

General, administrative and professional fees
2,048

Other expenses
16

Total expenses
2,342

Loss before income taxes
(95
)
Income tax benefit
23

Net income
$
(72
)