2016 Q1 Form 10-Q Financial Statement
#000000349916000040 Filed on May 02, 2016
Income Statement
| Concept | 2016 Q1 | 2015 Q1 |
|---|---|---|
| Revenue | $55.56M | $52.04M |
| YoY Change | 6.77% | 5.19% |
| Cost Of Revenue | $20.20M | $19.60M |
| YoY Change | 3.06% | 14.62% |
| Gross Profit | $35.30M | $32.40M |
| YoY Change | 8.95% | 0.0% |
| Gross Profit Margin | 63.54% | 62.26% |
| Selling, General & Admin | $600.0K | $700.0K |
| YoY Change | -14.29% | 16.67% |
| % of Gross Profit | 1.7% | 2.16% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $8.974M | $8.044M |
| YoY Change | 11.56% | 1.85% |
| % of Gross Profit | 25.42% | 24.83% |
| Operating Expenses | $29.22M | $8.100M |
| YoY Change | 260.77% | 3.85% |
| Operating Profit | $26.34M | $24.37M |
| YoY Change | 8.07% | -0.93% |
| Interest Expense | -$4.300M | -$6.500M |
| YoY Change | -33.85% | -30.11% |
| % of Operating Profit | -16.33% | -26.67% |
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | $22.02M | $17.80M |
| YoY Change | 23.71% | 17.11% |
| Income Tax | $2.000K | $3.000K |
| % Of Pretax Income | 0.01% | 0.02% |
| Net Earnings | $22.02M | $17.82M |
| YoY Change | 23.55% | 16.91% |
| Net Earnings / Revenue | 39.63% | 34.25% |
| Basic Earnings Per Share | $4.31 | $3.49 |
| Diluted Earnings Per Share | $4.31 | $3.49 |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2016 Q1 | 2015 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $318.6M | $239.3M |
| YoY Change | 33.16% | -32.65% |
| Cash & Equivalents | $276.2M | $239.3M |
| Short-Term Investments | $42.41M | |
| Other Short-Term Assets | ||
| YoY Change | ||
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $3.300M | $3.400M |
| Other Receivables | $181.4M | $180.5M |
| Total Short-Term Assets | $460.9M | $423.2M |
| YoY Change | 8.91% | -21.06% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $797.6M | $792.8M |
| YoY Change | 0.61% | 8.57% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $42.40M | $70.10M |
| YoY Change | -39.51% | 109.88% |
| Other Assets | $134.7M | $134.6M |
| YoY Change | 0.07% | -4.88% |
| Total Long-Term Assets | $987.5M | $1.010B |
| YoY Change | -2.2% | 10.24% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $460.9M | $423.2M |
| Total Long-Term Assets | $987.5M | $1.010B |
| Total Assets | $1.448B | $1.433B |
| YoY Change | 1.08% | -1.32% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $38.30M | $44.40M |
| YoY Change | -13.74% | 20.0% |
| 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 | $38.80M | $49.10M |
| YoY Change | -20.98% | -38.24% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $1.053B | $1.032B |
| YoY Change | 2.04% | -0.29% |
| Other Long-Term Liabilities | $3.000M | $3.000M |
| YoY Change | 0.0% | -11.76% |
| Total Long-Term Liabilities | $1.056B | $1.035B |
| YoY Change | 2.04% | -0.33% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $38.80M | $49.10M |
| Total Long-Term Liabilities | $1.056B | $1.035B |
| Total Liabilities | $1.095B | $1.084B |
| YoY Change | 0.98% | -3.02% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | $374.0K | |
| YoY Change | ||
| Treasury Stock Shares | 67.25K shares | |
| Shareholders Equity | $353.7M | $348.8M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $1.448B | $1.433B |
| YoY Change | 1.08% | -1.32% |
Cashflow Statement
| Concept | 2016 Q1 | 2015 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $22.02M | $17.82M |
| YoY Change | 23.55% | 16.91% |
| Depreciation, Depletion And Amortization | $8.974M | $8.044M |
| YoY Change | 11.56% | 1.85% |
| Cash From Operating Activities | $45.40M | $45.10M |
| YoY Change | 0.67% | 11.91% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$8.900M | -$14.90M |
| YoY Change | -40.27% | 964.29% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $1.700M | $0.00 |
| YoY Change | -100.0% | |
| Cash From Investing Activities | -$7.200M | -$14.90M |
| YoY Change | -51.68% | -580.65% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | $836.0K | $776.0K |
| YoY Change | 7.73% | -99.75% |
| Cash From Financing Activities | -21.30M | -18.70M |
| YoY Change | 13.9% | -47.77% |
| NET CHANGE | ||
| Cash From Operating Activities | 45.40M | 45.10M |
| Cash From Investing Activities | -7.200M | -14.90M |
| Cash From Financing Activities | -21.30M | -18.70M |
| Net Change In Cash | 16.90M | 11.50M |
| YoY Change | 46.96% | 51.32% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $45.40M | $45.10M |
| Capital Expenditures | -$8.900M | -$14.90M |
| Free Cash Flow | $54.30M | $60.00M |
| YoY Change | -9.5% | 43.88% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2015Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
5111201 | shares |
| CY2016Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
22021000 | |
| CY2015Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
3000 | |
| CY2016Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2000 | |
| CY2015Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1270000 | |
| CY2016Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1235000 | |
| CY2015Q4 | us-gaap |
Development In Process
DevelopmentInProcess
|
9486000 | |
| CY2016Q1 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
981617000 | |
| CY2016Q1 | us-gaap |
Development In Process
DevelopmentInProcess
|
3597000 | |
| CY2015Q4 | us-gaap |
Land
Land
|
44971000 | |
| CY2016Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
| CY2016Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
4.00 | |
| CY2015Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
3.50 | |
| CY2016Q1 | us-gaap |
Costs And Expenses Related Party
CostsAndExpensesRelatedParty
|
1255000 | |
| CY2016Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
4.31 | |
| CY2015Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
3.49 | |
| CY2016Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
5113077 | shares |
| CY2015Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
24370000 | |
| CY2016Q1 | us-gaap |
Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
|
595000 | |
| CY2015Q1 | us-gaap |
Costs And Expenses Related Party
CostsAndExpensesRelatedParty
|
1146000 | |
| CY2016Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
1002000 | |
| CY2015Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
352880000 | |
| CY2016Q1 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
Yes | |
| CY2016Q1 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
| CY2016Q1 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
| CY2015Q4 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
975015000 | |
| CY2015Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
803939000 | |
| CY2016Q1 | us-gaap |
Assets
Assets
|
1448437000 | |
| CY2015Q4 | us-gaap |
Assets
Assets
|
1447808000 | |
| CY2015Q4 | us-gaap |
Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
|
8551000 | |
| CY2015Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
30158000 | |
| CY2015Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | |
| CY2015Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
5173000 | |
| CY2015Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
30739000 | |
| CY2015Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
304340000 | |
| CY2015Q4 | us-gaap |
Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
|
353254000 | |
| CY2015Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1447808000 | |
| CY2015Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
374000 | |
| CY2016Q1 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
374000 | |
| CY2016Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
353686000 | |
| CY2016Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1448437000 | |
| CY2015Q1 | us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
6945000 | |
| CY2016Q1 | alx |
Unamortized Leasing Fees To Related Party
UnamortizedLeasingFeesToRelatedParty
|
38942000 | |
| CY2015Q4 | alx |
Unamortized Leasing Fees To Related Party
UnamortizedLeasingFeesToRelatedParty
|
33482000 | |
| CY2016Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
1.00 | |
| CY2015Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
5173450 | shares |
| CY2016Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
| CY2016Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
5173450 | shares |
| CY2016Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
3000000 | shares |
| CY2016Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
| CY2016Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
10000000 | shares |
| CY2016Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
5106196 | shares |
| CY2016Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
1.00 | |
| CY2016Q1 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
67254 | shares |
| CY2015Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
1.00 | |
| CY2015Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
67254 | shares |
| CY2015Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
| CY2016Q1 | us-gaap |
Other Liabilities
OtherLiabilities
|
2950000 | |
| CY2015Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
2957000 | |
| CY2016Q1 | us-gaap |
Liabilities
Liabilities
|
1094751000 | |
| CY2015Q4 | us-gaap |
Liabilities
Liabilities
|
1094928000 | |
| CY2016Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
12241000 | |
| CY2015Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
13002000 | |
| CY2016Q1 | us-gaap |
Notes Payable
NotesPayable
|
1053051000 | |
| CY2015Q4 | us-gaap |
Notes Payable
NotesPayable
|
1053262000 | |
| CY2016Q1 | us-gaap |
Other Assets
OtherAssets
|
12808000 | |
| CY2015Q4 | us-gaap |
Other Assets
OtherAssets
|
24811000 | |
| CY2015Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
85307000 | |
| CY2016Q1 | us-gaap |
Marketable Securities
MarketableSecurities
|
42414000 | |
| CY2016Q1 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
3309000 | |
| CY2015Q4 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
4014000 | |
| CY2015Q1 | us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
400000 | |
| CY2015Q1 | us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
52036000 | |
| CY2016Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
22019000 | |
| CY2015Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
17822000 | |
| CY2016Q1 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
19654000 | |
| CY2015Q1 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
17890000 | |
| CY2015Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
8044000 | |
| CY2015Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
9861000 | |
| CY2015Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-7000 | |
| CY2015Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
11497000 | |
| CY2015Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
239312000 | |
| CY2016Q1 | us-gaap |
Interest Paid
InterestPaid
|
4676000 | |
| CY2016Q1 | alx |
Non Cash Additions To Real Estate
NonCashAdditionsToRealEstate
|
1931000 | |
| CY2016Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | |
| CY2015Q1 | us-gaap |
Interest Paid Capitalized
InterestPaidCapitalized
|
459000 | |
| CY2015Q1 | alx |
Write Off Of Fully Amortized And Depreciated Assets
WriteOffOfFullyAmortizedAndDepreciatedAssets
|
83000 | |
| CY2016Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-705000 | |
| CY2016Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-5548000 | |
| CY2015Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
1212000 | |
| CY2015Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-11165000 | |
| CY2015Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
9000 | |
| CY2016Q1 | us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
-2318000 | |
| CY2015Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
45093000 | |
| CY2016Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-21304000 | |
| CY2016Q1 | us-gaap |
Straight Line Rent
StraightLineRent
|
44000 | |
| CY2015Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
776000 | |
| CY2015Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
17890000 | |
| CY2016Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
20452000 | |
| CY2016Q1 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
-1666000 | |
| CY2016Q1 | alx |
Payments For Capital Improvements And Construction In Process
PaymentsForCapitalImprovementsAndConstructionInProcess
|
8853000 | |
| CY2015Q1 | alx |
Payments For Capital Improvements And Construction In Process
PaymentsForCapitalImprovementsAndConstructionInProcess
|
14908000 | |
| CY2015Q1 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
13000 | |
| CY2016Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-7187000 | |
| CY2015Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-14921000 | |
| CY2016Q1 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style='margin-top:0pt; margin-bottom:10pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">1</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">.</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">       Organization</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:20.15px;">Alexander's, Inc. (NYSE: ALX) is a real estate investment trust (“REIT”), incorporated in </font><font style="font-family:Times New Roman;font-size:10pt;">Delaware</font><font style="font-family:Times New Roman;font-size:10pt;">, engaged in leasing, managing, developing and redeveloping its properties. All references to “we,” “us,” “our,” “Company” and “Alexander's” refer to Alexander's, Inc. and its consolidated subsidiaries. We are managed by, and our properties are leased and developed by, Vornado Realty Trust (“Vornado”) (NYSE: VNO).</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p> | |
| CY2016Q1 | us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<p style='margin-top:0pt; margin-bottom:10pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">2</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">.</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">       </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Basis of Presentation</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:20.15px;">The accompanying consolidated financial statements are unaudited and include </font><font style="font-family:Times New Roman;font-size:10pt;">the</font><font style="font-family:Times New Roman;font-size:10pt;"> accounts </font><font style="font-family:Times New Roman;font-size:10pt;">of Alexander's </font><font style="font-family:Times New Roman;font-size:10pt;">and </font><font style="font-family:Times New Roman;font-size:10pt;">its</font><font style="font-family:Times New Roman;font-size:10pt;"> consolidated subsidiaries. All intercompany amounts have been eliminated. In our opinion, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations and changes in cash flows have been made. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the </font><font style="font-family:Times New Roman;font-size:10pt;">United States of America</font><font style="font-family:Times New Roman;font-size:10pt;"> (“GAAP”) have been condensed or omitted. </font><font style="font-family:Times New Roman;font-size:10pt;">These condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q of the Securities and Exchange Commission (the “SEC”) and should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended </font><font style="font-family:Times New Roman;font-size:10pt;">December 31,</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">2015</font><font style="font-family:Times New Roman;font-size:10pt;">, as filed with the SEC. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:20.15px;">We have made estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">The results of operations for the </font><font style="font-family:Times New Roman;font-size:10pt;">three months</font><font style="font-family:Times New Roman;font-size:10pt;"> ended </font><font style="font-family:Times New Roman;font-size:10pt;">March 31,</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">2016</font><font style="font-family:Times New Roman;font-size:10pt;"> are not necessarily indicative of the oper</font><font style="font-family:Times New Roman;font-size:10pt;">ating results for the full year</font><font style="font-family:Times New Roman;font-size:10pt;">. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:20.15px;">We currently operate in one business segment.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p> | |
| CY2016Q1 | alx |
Lessee Leasing Arrangements Operating Lease Extension Option
LesseeLeasingArrangementsOperatingLeaseExtensionOption
|
P10Y | |
| CY2016Q1 | us-gaap |
Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
|
4898000 | |
| CY2015Q4 | us-gaap |
Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
|
4267000 | |
| CY2016Q1 | us-gaap |
Available For Sale Securities
AvailableForSaleSecurities
|
42414000 | |
| CY2015Q4 | us-gaap |
Available For Sale Securities
AvailableForSaleSecurities
|
43191000 | |
| CY2016Q1 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
42414000 | |
| CY2016Q1 | us-gaap |
Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
|
0 | |
| CY2015Q4 | us-gaap |
Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
|
0 | |
| CY2016Q1 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
0 | |
| CY2015Q4 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
0 | |
| CY2016Q1 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
2074000 |
