Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
|
| Revenues: | ||||
| Resident revenue | $ 111,436 | $ 104,420 | $ 331,643 | $ 304,648 |
| Expenses: | ||||
| Operating expenses (exclusive of facility lease expense and depreciation and amortization expense shown below) | 69,622 | 63,649 | 203,307 | 184,487 |
| General and administrative expenses | 5,749 | 4,751 | 16,969 | 15,482 |
| Facility lease expense | 15,500 | 15,321 | 46,150 | 45,875 |
| Stock-based compensation expense | 2,479 | 2,301 | 7,482 | 6,745 |
| Depreciation and amortization expense | 14,400 | 12,722 | 44,103 | 38,985 |
| Total expenses | 107,750 | 98,744 | 318,011 | 291,574 |
| Income from operations | 3,686 | 5,676 | 13,632 | 13,074 |
| Other income (expense): | ||||
| Interest income | 15 | 12 | 50 | 36 |
| Interest expense | (10,636) | (8,994) | (30,966) | (26,022) |
| Write-off of deferred loan costs and prepayment premiums | (102) | (973) | ||
| (Loss) Gain on disposition of assets, net | (16) | 6,418 | (53) | 6,247 |
| Other income | 233 | 1 | ||
| (Loss) Income before provision for income taxes | (6,951) | 3,010 | (17,104) | (7,637) |
| Provision for income taxes | (126) | (139) | (403) | (697) |
| Net (loss) income | $ (7,077) | $ 2,871 | $ (17,507) | $ (8,334) |
| Per share data: | ||||
| Basic net (loss) income per share | $ (0.24) | $ 0.10 | $ (0.61) | $ (0.28) |
| Diluted net (loss) income per share | $ (0.24) | $ 0.10 | $ (0.61) | $ (0.28) |
| Weighted average shares outstanding - basic | 28,959 | 28,732 | 28,879 | 28,668 |
| Weighted average shares outstanding - diluted | 28,959 | 28,733 | 28,879 | 28,668 |
| Comprehensive (loss) income | $ (7,077) | $ 2,871 | $ (17,507) | $ (8,334) |