2015 Q2 Form 10-Q Financial Statement

#000090725415000091 Filed on August 03, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $51.71M $52.29M
YoY Change -1.1% 7.12%
Cost Of Revenue $12.07M $11.72M
YoY Change 2.99% -7.79%
Gross Profit $39.23M $40.46M
YoY Change -3.05% 9.2%
Gross Profit Margin 75.85% 77.38%
Selling, General & Admin $4.140M $4.020M
YoY Change 2.99% 2.29%
% of Gross Profit 10.55% 9.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.81M $10.31M
YoY Change 4.87% -17.34%
% of Gross Profit 27.56% 25.48%
Operating Expenses $15.37M $14.43M
YoY Change 6.51% -13.49%
Operating Profit $12.92M $14.42M
YoY Change -10.41% 87.04%
Interest Expense -$11.35M -$11.50M
YoY Change -1.3% -1.37%
% of Operating Profit -87.83% -79.73%
Other Income/Expense, Net
YoY Change
Pretax Income $12.93M $20.49M
YoY Change -36.9% 164.05%
Income Tax $0.00
% Of Pretax Income 0.0%
Net Earnings $10.40M $16.05M
YoY Change -35.24% 143.46%
Net Earnings / Revenue 20.1% 30.7%
Basic Earnings Per Share
Diluted Earnings Per Share $0.35 $0.62
COMMON SHARES
Basic Shares Outstanding 21.10M shares 20.72M shares
Diluted Shares Outstanding 21.14M shares 20.74M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.70M $21.80M
YoY Change -46.33% 68.99%
Cash & Equivalents $11.71M $21.83M
Short-Term Investments
Other Short-Term Assets $1.700M $1.600M
YoY Change 6.25% -5.88%
Inventory
Prepaid Expenses
Receivables $47.10M $44.10M
Other Receivables $0.00 $0.00
Total Short-Term Assets $60.50M $67.50M
YoY Change -10.37% 19.89%
LONG-TERM ASSETS
Property, Plant & Equipment $1.177B $1.112B
YoY Change 5.83% 1.36%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $36.50M $37.30M
YoY Change -2.14% 349.4%
Total Long-Term Assets $1.218B $1.160B
YoY Change 4.97% 2.17%
TOTAL ASSETS
Total Short-Term Assets $60.50M $67.50M
Total Long-Term Assets $1.218B $1.160B
Total Assets $1.278B $1.227B
YoY Change 4.12% 3.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $31.70M $24.70M
YoY Change 28.34% 9.29%
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 $47.00M $39.10M
YoY Change 20.2% 9.83%
LONG-TERM LIABILITIES
Long-Term Debt $853.4M $820.1M
YoY Change 4.06% -0.74%
Other Long-Term Liabilities $31.80M $31.60M
YoY Change 0.63% 17.04%
Total Long-Term Liabilities $885.2M $851.7M
YoY Change 3.93% -0.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $47.00M $39.10M
Total Long-Term Liabilities $885.2M $851.7M
Total Liabilities $932.2M $890.8M
YoY Change 4.65% 0.22%
SHAREHOLDERS EQUITY
Retained Earnings -$177.5M -$169.2M
YoY Change 4.9% -0.84%
Common Stock $211.0K $208.0K
YoY Change 1.44% 1.96%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $297.8M $288.4M
YoY Change
Total Liabilities & Shareholders Equity $1.278B $1.227B
YoY Change 4.12% 3.01%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $10.40M $16.05M
YoY Change -35.24% 143.46%
Depreciation, Depletion And Amortization $10.81M $10.31M
YoY Change 4.87% -17.34%
Cash From Operating Activities $25.30M $18.80M
YoY Change 34.57% 2.73%
INVESTING ACTIVITIES
Capital Expenditures -$15.00M -$8.000M
YoY Change 87.5% 26.98%
Acquisitions
YoY Change
Other Investing Activities $0.00 $6.700M
YoY Change -100.0%
Cash From Investing Activities -$14.90M -$1.300M
YoY Change 1046.15% -79.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -10.70M -11.00M
YoY Change -2.73% 44.74%
NET CHANGE
Cash From Operating Activities 25.30M 18.80M
Cash From Investing Activities -14.90M -1.300M
Cash From Financing Activities -10.70M -11.00M
Net Change In Cash -300.0K 6.500M
YoY Change -104.62% 47.73%
FREE CASH FLOW
Cash From Operating Activities $25.30M $18.80M
Capital Expenditures -$15.00M -$8.000M
Free Cash Flow $40.30M $26.80M
YoY Change 50.37% 8.94%

Facts In Submission

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DepreciationDepletionAndAmortization
10309000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
20489000 USD
CY2015Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
10811000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
21251000 USD
CY2014Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-5000 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-7000 USD
CY2015Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
0 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-6000 USD
CY2014Q4 us-gaap Development In Process
DevelopmentInProcess
30261000 USD
CY2015Q2 us-gaap Development In Process
DevelopmentInProcess
53485000 USD
CY2014Q2 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
6138000 USD
us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
13723000 USD
CY2015Q2 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
6196000 USD
us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
13812000 USD
CY2015Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.35
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.68
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3Y0M20D
CY2014Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
6069000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
6069000 USD
CY2015Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
11000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
11000 USD
CY2014Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4023000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8703000 USD
CY2015Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4139000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7910000 USD
CY2014Q2 us-gaap Gross Profit
GrossProfit
40457000 USD
us-gaap Gross Profit
GrossProfit
80163000 USD
CY2015Q2 us-gaap Gross Profit
GrossProfit
39225000 USD
us-gaap Gross Profit
GrossProfit
77550000 USD
CY2014Q2 us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
4433000 USD
us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
6857000 USD
CY2015Q2 us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
2537000 USD
us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
5011000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
218000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
960000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
3379000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
637000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
6343000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
769000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-2399000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-2430000 USD
CY2014Q2 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
140000 USD
CY2015Q2 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
453000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
793000 USD
CY2014Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
11342000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
22582000 USD
CY2015Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
11414000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
22798000 USD
CY2014Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1109276000 USD
CY2015Q2 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1116381000 USD
CY2014Q4 us-gaap Land
Land
420622000 USD
CY2015Q2 us-gaap Land
Land
421499000 USD
CY2014Q4 us-gaap Liabilities
Liabilities
927730000 USD
CY2015Q2 us-gaap Liabilities
Liabilities
932222000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1266987000 USD
CY2015Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1278043000 USD
us-gaap Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
0.742
CY2014Q4 us-gaap Line Of Credit
LineOfCredit
43000000 USD
CY2015Q2 us-gaap Line Of Credit
LineOfCredit
22000000 USD
CY2015Q2 us-gaap Long Term Debt
LongTermDebt
262076000 USD
CY2015Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
127713000 USD
CY2015Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
24413000 USD
CY2015Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
21892000 USD
CY2015Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
24615000 USD
CY2015Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
25902000 USD
CY2015Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
25715000 USD
CY2015Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
11826000 USD
CY2014Q4 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.0365
CY2015Q2 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.0395
CY2014Q4 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
784800000 USD
CY2015Q2 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
816400000 USD
CY2014Q4 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
72600000 USD
CY2015Q2 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
37000000 USD
CY2014Q4 us-gaap Minority Interest
MinorityInterest
46721000 USD
CY2015Q2 us-gaap Minority Interest
MinorityInterest
47974000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-23002000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-23326000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-15211000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-25545000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
42745000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
48457000 USD
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
16054000 USD
us-gaap Net Income Loss
NetIncomeLoss
26341000 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
10396000 USD
us-gaap Net Income Loss
NetIncomeLoss
20603000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
5717000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
5983000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
8159000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
27136000 USD
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
12922000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
25609000 USD
us-gaap Operating Insurance And Claims Costs Production
OperatingInsuranceAndClaimsCostsProduction
169700 USD
us-gaap Operating Insurance And Claims Costs Production
OperatingInsuranceAndClaimsCostsProduction
170100 USD
us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
8545000 USD
us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
893000 USD
CY2014Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
18457000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
32345000 USD
CY2014Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
12847000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
19928000 USD
CY2015Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
7302000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
14415000 USD
CY2014Q4 us-gaap Notes Payable
NotesPayable
784800000 USD
CY2015Q2 us-gaap Notes Payable
NotesPayable
816400000 USD
CY2014Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
886400000 USD
CY2015Q2 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
884400000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2015Q2 us-gaap Number Of Stores
NumberOfStores
31 store
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
14423000 USD
CY2014Q2 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
41038000 USD
us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
81601000 USD
CY2015Q2 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
41876000 USD
us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
83355000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
414000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
451700 USD
CY2014Q4 us-gaap Other Assets
OtherAssets
3638000 USD
CY2015Q2 us-gaap Other Assets
OtherAssets
4407000 USD
CY2014Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-420000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-647000 USD
CY2015Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
478000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
51000 USD
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-503000 USD
CY2014Q2 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
2970000 USD
us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
6113000 USD
CY2015Q2 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
1480000 USD
us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
2919000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1303000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
335000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
15683000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
17456000 USD
CY2015Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
14953000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
25577000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
7002000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
8184000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
46000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
11000000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
17690000 USD
CY2014Q2 us-gaap Percentage Rent
PercentageRent
453000 USD
us-gaap Percentage Rent
PercentageRent
905000 USD
CY2015Q2 us-gaap Percentage Rent
PercentageRent
558000 USD
us-gaap Percentage Rent
PercentageRent
996000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
4000000 USD
us-gaap Professional Fees
ProfessionalFees
360000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
11777000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
11000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
25000000 USD
CY2014Q2 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
11000000 USD
us-gaap Proceeds From Construction Loans Payable
ProceedsFromConstructionLoansPayable
12140000 USD
us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
6679000 USD
us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
32000 USD
us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
8877000 USD
us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
2448000 USD
CY2015Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
414694000 USD
CY2014Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1560159000 USD
CY2015Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1591365000 USD
CY2014Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1163542000 USD
CY2015Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1176671000 USD
CY2014Q2 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
5584000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
11037000 USD
CY2015Q2 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
5876000 USD
CY2014Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3207000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6413000 USD
CY2015Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3094000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6188000 USD
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2015Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2014Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
4093000 USD
CY2015Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1663000 USD
us-gaap Proceeds From Construction Loans Payable
ProceedsFromConstructionLoansPayable
0 USD
CY2014Q2 us-gaap Profit Loss
ProfitLoss
20487000 USD
us-gaap Profit Loss
ProfitLoss
33198000 USD
CY2015Q2 us-gaap Profit Loss
ProfitLoss
12933000 USD
us-gaap Profit Loss
ProfitLoss
25614000 USD
CY2014Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
107000 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
310000 USD
CY2015Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
414000 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
660000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
310000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
660000 USD
CY2014Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
895500000 USD
CY2015Q2 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
865000000 USD
CY2014Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
396617000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
10923000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
41136000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-173774000 USD
CY2015Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-177517000 USD
CY2014Q2 us-gaap Revenues
Revenues
52286000 USD
us-gaap Revenues
Revenues
105233000 USD
CY2015Q2 us-gaap Revenues
Revenues
51711000 USD
us-gaap Revenues
Revenues
103799000 USD
CY2014Q4 us-gaap Secured Debt
SecuredDebt
808997000 USD
CY2015Q2 us-gaap Secured Debt
SecuredDebt
813861000 USD
CY2014Q4 us-gaap Senior Notes
SeniorNotes
857400000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
658000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
832000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P4Y
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
479024 shares
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
45.31
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1019890 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
0.00
CY2007 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
73403 shares
CY2008 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
20000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
225000 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
9274028 USD
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
3226939 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
748208 shares
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
903399 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
44.79
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
46.51
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
42.80
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
51.07
CY2015Q2 us-gaap Share Price
SharePrice
49.19
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2015Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
2310289 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y1M18D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y5M23D
us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
97896 shares
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
171453 shares
us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
73557 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
69809 shares
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
5196000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
3820000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
292536000 USD
CY2015Q2 us-gaap Stockholders Equity
StockholdersEquity
297847000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
339257000 USD
CY2015Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
345821000 USD
CY2014Q2 us-gaap Tenant Reimbursements
TenantReimbursements
7825000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
16614000 USD
CY2015Q2 us-gaap Tenant Reimbursements
TenantReimbursements
7797000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
16529000 USD
CY2014Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
26000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
32000 shares
CY2015Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
45000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
82000 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20743000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20702000 shares
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21143000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21140000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20717000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20670000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21098000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21058000 shares
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain reclassifications have been made to the prior year financial statements to conform to the presentation used for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">six months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</font></div></div>

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