$NHI
NATIONAL HEALTH INVESTORS INC

2014 Q2 Form 10-Q Financial Statement

#000087786014000058 Filed on August 04, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $44.16M $27.09M
YoY Change 63.02% 29.51%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.270M $2.710M
YoY Change -16.24% 38.97%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.600M $4.600M
YoY Change 108.7% 35.29%
% of Gross Profit
Operating Expenses $18.64M $8.696M
YoY Change 114.29% 45.13%
Operating Profit $25.58M $18.48M
YoY Change 38.43% 16.49%
Interest Expense $6.829M $1.597M
YoY Change 327.61% 113.79%
% of Operating Profit 26.7% 8.64%
Other Income/Expense, Net
YoY Change
Pretax Income $25.53M $18.41M
YoY Change 38.68% 16.27%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings $25.29M $19.92M
YoY Change 26.97% 17.69%
Net Earnings / Revenue 57.28% 73.54%
Basic Earnings Per Share $0.77 $0.71
Diluted Earnings Per Share $0.76 $0.71
COMMON SHARES
Basic Shares Outstanding 33.05M shares 27.88M shares
Diluted Shares Outstanding 33.09M shares 27.91M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $21.15M $50.67M
YoY Change -58.27% 120.88%
Cash & Equivalents $7.157M $36.47M
Short-Term Investments $13.99M $14.21M
Other Short-Term Assets $2.800M
YoY Change
Inventory
Prepaid Expenses
Receivables $1.519M $1.897M
Other Receivables $27.20M $15.10M
Total Short-Term Assets $35.90M $56.30M
YoY Change -36.23% 170.67%
LONG-TERM ASSETS
Property, Plant & Equipment $1.290B $699.0M
YoY Change 84.49% 69.54%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $9.704M $9.261M
YoY Change 4.78% -82.72%
Other Assets $23.60M $5.200M
YoY Change 353.85% -82.31%
Total Long-Term Assets $1.447B $830.9M
YoY Change 74.17% 43.86%
TOTAL ASSETS
Total Short-Term Assets $35.90M $56.30M
Total Long-Term Assets $1.447B $830.9M
Total Assets $1.483B $887.2M
YoY Change 67.16% 48.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.10M $3.900M
YoY Change 184.62% 0.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $59.30M $24.40M
YoY Change 143.03% 10.91%
LONG-TERM LIABILITIES
Long-Term Debt $638.0M $386.8M
YoY Change 64.94% 222.33%
Other Long-Term Liabilities $5.400M $7.100M
YoY Change -23.94% -36.04%
Total Long-Term Liabilities $643.4M $393.9M
YoY Change 63.34% 200.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $59.30M $24.40M
Total Long-Term Liabilities $643.4M $393.9M
Total Liabilities $702.7M $418.2M
YoY Change 68.02% 173.14%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $763.0M $470.9M
YoY Change 62.03% 0.7%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $770.0M $458.2M
YoY Change
Total Liabilities & Shareholders Equity $1.483B $887.2M
YoY Change 67.16% 48.27%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $25.29M $19.92M
YoY Change 26.97% 17.69%
Depreciation, Depletion And Amortization $9.600M $4.600M
YoY Change 108.7% 35.29%
Cash From Operating Activities $32.70M $24.10M
YoY Change 35.68% 16.43%
INVESTING ACTIVITIES
Capital Expenditures -$13.80M -$81.70M
YoY Change -83.11% 321.13%
Acquisitions
YoY Change
Other Investing Activities -$800.0K $5.900M
YoY Change -113.56% -240.48%
Cash From Investing Activities -$14.60M -$75.80M
YoY Change -80.74% 221.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -17.20M 82.10M
YoY Change -120.95% 1315.52%
NET CHANGE
Cash From Operating Activities 32.70M 24.10M
Cash From Investing Activities -14.60M -75.80M
Cash From Financing Activities -17.20M 82.10M
Net Change In Cash 900.0K 30.40M
YoY Change -97.04% 948.28%
FREE CASH FLOW
Cash From Operating Activities $32.70M $24.10M
Capital Expenditures -$13.80M -$81.70M
Free Cash Flow $46.50M $105.8M
YoY Change -56.05% 163.84%

Facts In Submission

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CY2014Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.76
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.15
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.48
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
3316000 USD
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
1622000 USD
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.05
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.12
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.12
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.05
CY2013Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
70000 USD
CY2014Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
52000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
91000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
210000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
326000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
177000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-2486000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-104000 USD
us-gaap Increase Decrease In Earnest Money Deposits Outstanding
IncreaseDecreaseInEarnestMoneyDepositsOutstanding
0 USD
us-gaap Increase Decrease In Earnest Money Deposits Outstanding
IncreaseDecreaseInEarnestMoneyDepositsOutstanding
2500000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
381000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1234000 USD
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
36480 shares
CY2013Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
37551 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
34175 shares
CY2014Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
34533 shares
us-gaap Interest Expense
InterestExpense
13715000 USD
CY2013Q2 us-gaap Interest Expense
InterestExpense
1597000 USD
us-gaap Interest Expense
InterestExpense
2721000 USD
CY2014Q2 us-gaap Interest Expense
InterestExpense
6829000 USD
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
10438000 USD
CY2014Q2 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
6065000 USD
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
2235000 USD
CY2013Q2 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
1193000 USD
us-gaap Interest Income Operating
InterestIncomeOperating
3504000 USD
CY2013Q2 us-gaap Interest Income Operating
InterestIncomeOperating
1972000 USD
CY2014Q2 us-gaap Interest Income Operating
InterestIncomeOperating
1748000 USD
us-gaap Interest Income Operating
InterestIncomeOperating
3941000 USD
us-gaap Interest Paid
InterestPaid
8886000 USD
us-gaap Interest Paid
InterestPaid
2201000 USD
CY2013Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1320567000 USD
CY2014Q2 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1374727000 USD
CY2013Q2 us-gaap Investment Income Net
InvestmentIncomeNet
1063000 USD
CY2014Q2 us-gaap Investment Income Net
InvestmentIncomeNet
1059000 USD
us-gaap Investment Income Net
InvestmentIncomeNet
2126000 USD
us-gaap Investment Income Net
InvestmentIncomeNet
2115000 USD
CY2013Q4 us-gaap Land
Land
91770000 USD
CY2014Q2 us-gaap Land
Land
93950000 USD
CY2014Q2 us-gaap Legal Fees
LegalFees
10000 USD
CY2013Q2 us-gaap Legal Fees
LegalFees
290000 USD
us-gaap Legal Fees
LegalFees
83000 USD
us-gaap Legal Fees
LegalFees
566000 USD
CY2014Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
2785000 USD
CY2013Q4 us-gaap Liabilities
Liabilities
678660000 USD
CY2014Q2 us-gaap Liabilities
Liabilities
702745000 USD
CY2014Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1483127000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1455820000 USD
CY2014Q2 us-gaap Line Of Credit Facility Amount Outstanding
LineOfCreditFacilityAmountOutstanding
116000000 USD
CY2013Q4 us-gaap Line Of Credit Facility Amount Outstanding
LineOfCreditFacilityAmountOutstanding
167000000 USD
us-gaap Line Of Credit Facility Increase Decrease For Period Net
LineOfCreditFacilityIncreaseDecreaseForPeriodNet
51000000 USD
us-gaap Line Of Credit Facility Increase Decrease For Period Net
LineOfCreditFacilityIncreaseDecreaseForPeriodNet
-103000000 USD
CY2014Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
700000000 USD
CY2014Q2 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
60854000 USD
CY2013Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
60639000 USD
CY2014Q2 us-gaap Long Term Debt
LongTermDebt
79503000 USD
CY2013Q4 us-gaap Long Term Debt
LongTermDebt
80080000 USD
CY2014Q2 us-gaap Marketable Securities
MarketableSecurities
13991000 USD
CY2013Q4 us-gaap Marketable Securities
MarketableSecurities
12650000 USD
CY2013Q4 us-gaap Minority Interest
MinorityInterest
10614000 USD
CY2014Q2 us-gaap Minority Interest
MinorityInterest
10355000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
865000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-29141000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
57308000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-36634000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-77936000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
47925000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
61620000 USD
us-gaap Net Income Loss
NetIncomeLoss
35663000 USD
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
19920000 USD
us-gaap Net Income Loss
NetIncomeLoss
48828000 USD
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
25294000 USD
CY2014Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
283000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
358000 USD
CY2013Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
178000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
606000 USD
us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
0 USD
us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
2103000 USD
CY2014Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
162 properties
CY2014Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
30
us-gaap Operating Expenses
OperatingExpenses
21614000 USD
CY2013Q2 us-gaap Operating Expenses
OperatingExpenses
8696000 USD
CY2014Q2 us-gaap Operating Expenses
OperatingExpenses
18635000 USD
us-gaap Operating Expenses
OperatingExpenses
38072000 USD
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
25577000 USD
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
18476000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
32705000 USD
us-gaap Other Significant Noncash Transaction Value Of Consideration Given1
OtherSignificantNoncashTransactionValueOfConsiderationGiven1
3000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
49434000 USD
CY2013Q2 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
24067000 USD
CY2014Q2 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
41353000 USD
us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
48172000 USD
us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
81666000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2716000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
196000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2427000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-3514000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
1718000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
1190000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
137000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
266000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
1373000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-3137000 USD
CY2014Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-2079000 USD
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
974000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
1341000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
1320000 USD
CY2014Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
553000 USD
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-641000 USD
us-gaap Payments For Delayed Tax Exempt Exchange
PaymentsForDelayedTaxExemptExchange
23813000 USD
us-gaap Payments For Proceeds From Delayed Tax Exempt Exchange
PaymentsForProceedsFromDelayedTaxExemptExchange
0 USD
us-gaap Payments For Proceeds From Delayed Tax Exempt Exchange
PaymentsForProceedsFromDelayedTaxExemptExchange
23813000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1231000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
7007000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
49743000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
44166000 USD
us-gaap Payments To Acquire Mortgage Notes Receivable
PaymentsToAcquireMortgageNotesReceivable
500000 USD
us-gaap Payments To Acquire Mortgage Notes Receivable
PaymentsToAcquireMortgageNotesReceivable
1214000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
83179000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
29423000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
3905000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
3320000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
865000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
441000 USD
us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.085
CY2014Q2 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
19.25
CY2014Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
11386000 USD
CY2013Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
7366000 USD
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications</font><font style="font-family:inherit;font-size:10pt;"> - We have reclassified for 2013 the operations of facilities meeting the accounting criteria as either being sold or held for sale as discontinued operations in the Condensed Consolidated Statements of Income. There is no change to reported net income for the prior periods as a result of this reclassification.</font></div></div>
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
80000000 USD
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
130000000 USD
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 USD
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
200000000 USD
us-gaap Proceeds From Sale And Collection Of Mortgage Notes Receivable
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
15484000 USD
us-gaap Proceeds From Sale And Collection Of Mortgage Notes Receivable
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
999000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
146000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
CY2014Q2 us-gaap Profit Loss
ProfitLoss
25577000 USD
CY2013Q2 us-gaap Profit Loss
ProfitLoss
20098000 USD
us-gaap Profit Loss
ProfitLoss
49434000 USD
us-gaap Profit Loss
ProfitLoss
36021000 USD
CY2014Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
193018000 USD
CY2013Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
174262000 USD
CY2014Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1482650000 USD
CY2013Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1422002000 USD
CY2013Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1247740000 USD
CY2014Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1289632000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
250526000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
80000000 USD
us-gaap Revenues
Revenues
87296000 USD
CY2013Q2 us-gaap Revenues
Revenues
27102000 USD
us-gaap Revenues
Revenues
54228000 USD
CY2014Q2 us-gaap Revenues
Revenues
44160000 USD
CY2014Q2 us-gaap Security Deposit
SecurityDeposit
22775000 USD
CY2013Q4 us-gaap Security Deposit
SecurityDeposit
22775000 USD
CY2014Q2 us-gaap Security Deposit Liability
SecurityDepositLiability
22775000 USD
CY2013Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
22775000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1573000 USD
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
323330 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
676659 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
211675 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
903340 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33052083 shares
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
516674 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
516674 shares
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1000 USD
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
1573000 USD
CY2013Q2 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
253000 USD
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
1833000 USD
CY2014Q2 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
223000 USD
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
770027000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
766546000 USD
CY2014Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
780382000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
777160000 USD
us-gaap Straight Line Rent
StraightLineRent
8490000 USD
us-gaap Straight Line Rent
StraightLineRent
2695000 USD
CY2013Q4 us-gaap Unsecured Debt
UnsecuredDebt
370000000 USD
CY2014Q2 us-gaap Unsecured Debt
UnsecuredDebt
250000000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates -</font><font style="font-family:inherit;font-size:10pt;"> The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></div></div>
us-gaap Variable Interest Entity Financial Or Other Support Amount
VariableInterestEntityFinancialOrOtherSupportAmount
0 USD
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
33052083 shares
CY2013Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
27876176 shares
CY2014Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
33052750 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
27871120 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27913727 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33087283 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33086258 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27907600 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27876176 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33052750 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27871120 shares
us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
353000 USD
us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
2145000 USD
CY2013Q2 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
0 USD
CY2014Q2 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
0 USD
nhi Additions Through Assumption Of Debt
AdditionsThroughAssumptionOfDebt
80528000 USD
nhi Additions Through Assumption Of Debt
AdditionsThroughAssumptionOfDebt
0 USD
nhi Amortization Of Financing Costs Exclusive Of Amounts Written Off
AmortizationOfFinancingCostsExclusiveOfAmountsWrittenOff
1081000 USD
nhi Amortization Of Financing Costs Exclusive Of Amounts Written Off
AmortizationOfFinancingCostsExclusiveOfAmountsWrittenOff
506000 USD
CY2014Q2 nhi Business Acquisition Pro Forma Netincome Available To Common Stockholders
BusinessAcquisitionProFormaNetincomeAvailableToCommonStockholders
25306000 USD
CY2013Q2 nhi Business Acquisition Pro Forma Netincome Available To Common Stockholders
BusinessAcquisitionProFormaNetincomeAvailableToCommonStockholders
20267000 USD
nhi Business Acquisition Pro Forma Netincome Available To Common Stockholders
BusinessAcquisitionProFormaNetincomeAvailableToCommonStockholders
36365000 USD
nhi Business Acquisition Pro Forma Netincome Available To Common Stockholders
BusinessAcquisitionProFormaNetincomeAvailableToCommonStockholders
48863000 USD
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
nhi Cash Paid In Settlement Of Contingent Purchase Consideration Liability
CashPaidInSettlementOfContingentPurchaseConsiderationLiability
1600000 USD
dei Entity Central Index Key
EntityCentralIndexKey
0000877860
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
33054599 shares
CY2014Q2 nhi Closing Price Of Lt Cs Common Stock
ClosingPriceOfLTCsCommonStock
39.04
nhi Convertible Debt Instrument Conversion Ratio Principal Amount Basis
ConvertibleDebtInstrumentConversionRatioPrincipalAmountBasis
1000 USD
CY2014Q2 nhi Credit Facility Current Revolving Borrowing Capacity
CreditFacilityCurrentRevolvingBorrowingCapacity
450000000 USD
CY2014Q2 nhi Credit Facility Expansion Amount
CreditFacilityExpansionAmount
130000000 USD
nhi Debt Instrument Unused Borrowing Capacity Fee Basis Points
DebtInstrumentUnusedBorrowingCapacityFeeBasisPoints
40
nhi Depreciation Continuing Operations
DepreciationContinuingOperations
18777000 USD
nhi Depreciation Continuing Operations
DepreciationContinuingOperations
8639000 USD
CY2014Q2 nhi Depreciation Continuing Operations
DepreciationContinuingOperations
9540000 USD
CY2013Q2 nhi Depreciation Continuing Operations
DepreciationContinuingOperations
4391000 USD
nhi Franchise Excise And Other Taxes
FranchiseExciseAndOtherTaxes
237000 USD
nhi Franchise Excise And Other Taxes
FranchiseExciseAndOtherTaxes
712000 USD
CY2014Q2 nhi Franchise Excise And Other Taxes
FranchiseExciseAndOtherTaxes
406000 USD
CY2013Q2 nhi Franchise Excise And Other Taxes
FranchiseExciseAndOtherTaxes
93000 USD
CY2014Q2 nhi Investment In Cumulative Preferred Stock
InvestmentInCumulativePreferredStock
2000000 shares
nhi Lease Extension Periodin Years
LeaseExtensionPeriodinYears
P10Y0M0D
CY2013Q2 nhi Loanand Lease Lossesand Recoveries Net
LoanandLeaseLossesandRecoveriesNet
0 USD
nhi Loanand Lease Lossesand Recoveries Net
LoanandLeaseLossesandRecoveriesNet
4037000 USD
CY2014Q2 nhi Loanand Lease Lossesand Recoveries Net
LoanandLeaseLossesandRecoveriesNet
0 USD
nhi Loanand Lease Lossesand Recoveries Net
LoanandLeaseLossesandRecoveriesNet
0 USD
nhi Net Assets Received In Acquisitionof Equity Method Investee
NetAssetsReceivedInAcquisitionofEquityMethodInvestee
0 USD
nhi Net Assets Received In Acquisitionof Equity Method Investee
NetAssetsReceivedInAcquisitionofEquityMethodInvestee
817000 USD
CY2014Q2 nhi Nonportfolio Assets Original Cost
NonportfolioAssetsOriginalCost
894000 USD
CY2014Q2 nhi Nonvoting Convertible Preferred Stock
NonvotingConvertiblePreferredStock
2000000 shares
CY2014Q2 nhi Number Of Health Care Properties Related To Mortgage Notes Receivables
NumberOfHealthCarePropertiesRelatedToMortgageNotesReceivables
11 properties
CY2014Q2 nhi Number Of Lessees
NumberOfLessees
24
CY2014Q2 nhi Original Cost Of Cost Method Investments
OriginalCostOfCostMethodInvestments
38132000 USD
CY2014Q2 nhi Real Estate Investment Property Portfolio Assets
RealEstateInvestmentPropertyPortfolioAssets
1481756000 USD
CY2013Q4 nhi Real Estate Purchase Liabilities
RealEstatePurchaseLiabilities
2600000 USD
CY2014Q2 nhi Real Estate Purchase Liabilities
RealEstatePurchaseLiabilities
4000000 USD
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Type
DocumentType
10-Q
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
NATIONAL HEALTH INVESTORS INC

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