2007(1) 2006(1) 2007(1) 2006(1)
Net loss $(58,927) $(31,145) $(112,742) $(70,730)
Minority interest 5 89 (506) 438
Benefit for income taxes (35,125) (14,146) (68,408) (13,487)
Equity in loss of unconsolidated
ventures 309 1,649 2,362 2,286
Loss on extinguishment of debt - 1,414 803 2,748
Other non-operating income - - (238) -
Interest Expense:
Debt 31,290 21,201 84,482 51,694
Capitalized lease obligation 7,182 8,086 22,520 16,827
Amortization of deferred
financing costs 1,151 1,141 4,878 3,179
Change in fair value of
derivatives and amortization 43,731 1,840 30,893 1,422
Interest income (1,695) (2,032) (5,077) (3,709)
Loss from operations (12,079) (11,903) (41,033) (9,332)
Depreciation and amortization 79,235 60,883 234,690 114,129
Straight-line lease expense 6,451 6,124 18,815 16,622
Amortization of deferred gain (1,085) (1,086) (3,255) (3,259)
Amortization of entrance fees (5,322) (3,253) (14,222) (3,398)
Non-cash compensation expense 7,138 5,852 26,150 12,625
Entrance fee receipts(2) 14,369 7,860 31,333 11,229
Entrance fee disbursements (5,084) (3,529) (15,488) (4,540)
Adjusted EBITDA $83,623 $60,948 $236,990 $134,076
(1) The calculation of Adjusted EBITDA includes merger, integration, and
certain other non-recurring expenses, as w
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