v3.8.0.1
Summary of Significant Accounting Policies (Tables)
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9 Months Ended |
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Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] |
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Schedule of estimated useful lives of assets |
Depreciation and amortization are recorded on a straight-line basis over the estimated useful lives of the assets as follows: | | | | Buildings and improvements | | 7-40 years | Leasehold interest - on-campus participating properties | | 25-34 years (shorter of useful life or respective lease term) | Furniture, fixtures and equipment | | 3-7 years |
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Schedule of potentially dilutive securities not included in calculating diluted earnings per share |
The following potentially dilutive securities were outstanding for the three and nine months ended September 30, 2017 and 2016, but were not included in the computation of diluted earnings per share because the effects of their inclusion would be anti-dilutive. | | | | | | | | | | | | | | | | Three Months Ended September 30, | | | | | 2017 | | 2016 | | 2017 | | 2016 | Common OP Units (Note 9) | | 1,011,674 |
| | 1,221,242 |
| | 1,023,248 |
| | 1,278,148 |
| Preferred OP Units (Note 9) | | 77,513 |
| | 87,767 |
| | 77,513 |
| | 95,212 |
| Unvested restricted stock awards (Note10) | | 818,547 |
| | — |
| | — |
| | — |
| Total potentially dilutive securities | | 1,907,734 |
| | 1,309,009 |
| | 1,100,761 |
| | 1,373,360 |
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Schedule of summary of elements used in calculating basic earnings per share/unit |
The following is a summary of the elements used in calculating basic and diluted earnings per share: | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | | | | 2017 | | 2016 | | 2017 | | 2016 | Numerator – basic and diluted earnings per share: | | | | | | | | | Net (loss) income | | $ | (1,233 | ) | | $ | 9,845 |
| | $ | 30,563 |
| | $ | 74,819 |
| Net income attributable to noncontrolling interests | | (79 | ) | | (201 | ) | | (587 | ) | | (1,150 | ) | Net (loss) income attributable to common stockholders | | (1,312 | ) | | 9,644 |
| | 29,976 |
| | 73,669 |
| Amount allocated to participating securities | | (360 | ) | | (329 | ) | | (1,217 | ) | | (1,051 | ) | Net (loss) income attributable to common stockholders | | $ | (1,672 | ) | | $ | 9,315 |
| | $ | 28,759 |
| | $ | 72,618 |
| | | | | | | | | | Denominator: | | |
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| Basic weighted average common shares outstanding | | 136,421,198 |
| | 130,786,985 |
| | 134,708,361 |
| | 128,239,294 |
| Unvested restricted stock awards (Note 10) | | — |
| | 781,386 |
| | 877,489 |
| | 795,107 |
| Diluted weighted average common shares outstanding | | 136,421,198 |
| | 131,568,371 |
| | 135,585,850 |
| | 129,034,401 |
| | | | | | | | | | Earnings per share: | | | | | | | | | Net (loss) income attributable to common stockholders - basic | | $ | (0.01 | ) | | $ | 0.07 |
| | $ | 0.21 |
| | $ | 0.57 |
| Net (loss) income attributable to common stockholders - diluted | | $ | (0.01 | ) | | $ | 0.07 |
| | $ | 0.21 |
| | $ | 0.56 |
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AMERICAN CAMPUS COMMUNITIES OPERATING PARTNERSHIP, L.P. |
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Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] |
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Schedule of summary of elements used in calculating basic earnings per share/unit |
The following is a summary of the elements used in calculating basic and diluted earnings per unit: | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | | | | 2017 | | 2016 | | 2017 | | 2016 | Numerator – basic and diluted earnings per unit: | | | | | | | | | Net (loss) income | | $ | (1,233 | ) | | $ | 9,845 |
| | $ | 30,563 |
| | $ | 74,819 |
| Net income attributable to noncontrolling interests – partially owned properties | | (57 | ) | | (77 | ) | | (259 | ) | | (285 | ) | Series A preferred unit distributions | | (31 | ) | | (36 | ) | | (93 | ) | | (115 | ) | Amount allocated to participating securities | | (360 | ) | | (329 | ) | | (1,217 | ) | | (1,051 | ) | Net (loss) income attributable to common unitholders | | $ | (1,681 | ) | | $ | 9,403 |
| | $ | 28,994 |
| | $ | 73,368 |
| | | | | | | | | | Denominator: | | |
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| Basic weighted average common units outstanding | | 137,432,872 |
| | 132,008,227 |
| | 135,731,609 |
| | 129,517,442 |
| Unvested restricted stock awards (Note 10) | | — |
| | 781,386 |
| | 877,489 |
| | 795,107 |
| Diluted weighted average common units outstanding | | 137,432,872 |
| | 132,789,613 |
| | 136,609,098 |
| | 130,312,549 |
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| | | | | | | | | | | | | | | | | | Earnings per unit: | | | | | | | | | Net (loss) income attributable to common unitholders - basic | | $ | (0.01 | ) | | $ | 0.07 |
| | $ | 0.21 |
| | $ | 0.57 |
| Net (loss) income attributable to common unitholders - diluted | | $ | (0.01 | ) | | $ | 0.07 |
| | $ | 0.21 |
| | $ | 0.56 |
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- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
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- DefinitionTabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.
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- DefinitionTabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.
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- DefinitionTabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.
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