Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 29,834 $ 56,087
Restricted cash 13,292 13,159
Accounts receivable, net 11,065 9,254
Property tax and insurance deposits 13,209 14,398
Prepaid expenses and other 6,482 4,370
Total current assets 73,882 97,268
Property and equipment, net 1,005,027 890,572
Other assets, net 29,590 31,193
Total assets 1,108,499 1,019,033
Current liabilities:    
Accounts payable 2,309 3,362
Accrued expenses 32,665 34,300
Current portion of notes payable, net of deferred loan costs 17,454 13,634
Current portion of deferred income and resident revenue 16,597 16,059
Current portion of capital lease and financing obligations 1,211 1,257
Federal and state income taxes payable 14 111
Customer deposits 1,570 1,819
Total current liabilities 71,820 70,542
Deferred income 12,685 13,992
Capital lease and financing obligations, net of current portion 37,892 38,835
Other long-term liabilities 13,058 4,969
Notes payable, net of deferred loan costs and current portion 849,780 754,949
Commitments and contingencies
Shareholders' equity:    
Preferred stock, $.01 par value: Authorized shares - 15,000; no shares issued or outstanding
Common stock, $.01 par value: Authorized shares - 65,000; issued and outstanding shares - 29,996 and 29,539 in 2016 and 2015, respectively 305 299
Additional paid-in capital 167,435 159,920
Retained deficit (41,046) (23,539)
Treasury stock, at cost - 494 and 350 shares in 2016 and 2015, respectively (3,430) (934)
Total shareholders' equity 123,264 135,746
Total liabilities and shareholders' equity $ 1,108,499 $ 1,019,033