2016 Q2 Form 10-Q Financial Statement

#000090725416000236 Filed on August 02, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $52.71M $51.71M
YoY Change 1.93% -1.1%
Cost Of Revenue $12.20M $12.07M
YoY Change 1.08% 2.99%
Gross Profit $40.13M $39.23M
YoY Change 2.3% -3.05%
Gross Profit Margin 76.13% 75.85%
Selling, General & Admin $4.410M $4.140M
YoY Change 6.52% 2.99%
% of Gross Profit 10.99% 10.55%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.82M $10.81M
YoY Change 0.06% 4.87%
% of Gross Profit 26.96% 27.56%
Operating Expenses $15.60M $15.37M
YoY Change 1.5% 6.51%
Operating Profit $13.25M $12.92M
YoY Change 2.54% -10.41%
Interest Expense -$11.66M -$11.35M
YoY Change 2.73% -1.3%
% of Operating Profit -88.0% -87.83%
Other Income/Expense, Net
YoY Change
Pretax Income $13.25M $12.93M
YoY Change 2.47% -36.9%
Income Tax
% Of Pretax Income
Net Earnings $10.63M $10.40M
YoY Change 2.22% -35.24%
Net Earnings / Revenue 20.16% 20.1%
Basic Earnings Per Share
Diluted Earnings Per Share $0.35 $0.35
COMMON SHARES
Basic Shares Outstanding 21.44M shares 21.10M shares
Diluted Shares Outstanding 21.52M shares 21.14M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.00M $11.70M
YoY Change -5.98% -46.33%
Cash & Equivalents $10.98M $11.71M
Short-Term Investments
Other Short-Term Assets $1.900M $1.700M
YoY Change 11.76% 6.25%
Inventory
Prepaid Expenses
Receivables $48.50M $47.10M
Other Receivables $0.00 $0.00
Total Short-Term Assets $61.40M $60.50M
YoY Change 1.49% -10.37%
LONG-TERM ASSETS
Property, Plant & Equipment $1.200B $1.177B
YoY Change 2.0% 5.83%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $26.40M $36.50M
YoY Change -27.67% -2.14%
Total Long-Term Assets $1.234B $1.218B
YoY Change 1.36% 4.97%
TOTAL ASSETS
Total Short-Term Assets $61.40M $60.50M
Total Long-Term Assets $1.234B $1.218B
Total Assets $1.295B $1.278B
YoY Change 1.36% 4.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $25.90M $31.70M
YoY Change -18.3% 28.34%
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 $42.60M $47.00M
YoY Change -9.36% 20.2%
LONG-TERM LIABILITIES
Long-Term Debt $856.8M $853.4M
YoY Change 0.4% 4.06%
Other Long-Term Liabilities $29.70M $31.80M
YoY Change -6.6% 0.63%
Total Long-Term Liabilities $886.5M $885.2M
YoY Change 0.15% 3.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $42.60M $47.00M
Total Long-Term Liabilities $886.5M $885.2M
Total Liabilities $929.0M $932.2M
YoY Change -0.34% 4.65%
SHAREHOLDERS EQUITY
Retained Earnings -$182.9M -$177.5M
YoY Change 3.01% 4.9%
Common Stock $215.0K $211.0K
YoY Change 1.9% 1.44%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $313.7M $297.8M
YoY Change
Total Liabilities & Shareholders Equity $1.295B $1.278B
YoY Change 1.36% 4.12%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $10.63M $10.40M
YoY Change 2.22% -35.24%
Depreciation, Depletion And Amortization $10.82M $10.81M
YoY Change 0.06% 4.87%
Cash From Operating Activities $22.20M $25.30M
YoY Change -12.25% 34.57%
INVESTING ACTIVITIES
Capital Expenditures -$12.60M -$15.00M
YoY Change -16.0% 87.5%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$12.60M -$14.90M
YoY Change -15.44% 1046.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -13.90M -10.70M
YoY Change 29.91% -2.73%
NET CHANGE
Cash From Operating Activities 22.20M 25.30M
Cash From Investing Activities -12.60M -14.90M
Cash From Financing Activities -13.90M -10.70M
Net Change In Cash -4.300M -300.0K
YoY Change 1333.33% -104.62%
FREE CASH FLOW
Cash From Operating Activities $22.20M $25.30M
Capital Expenditures -$12.60M -$15.00M
Free Cash Flow $34.80M $40.30M
YoY Change -13.65% 50.37%

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0 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-6000 USD
CY2016Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-3000 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-10000 USD
CY2015Q4 us-gaap Development In Process
DevelopmentInProcess
83516000 USD
CY2016Q2 us-gaap Development In Process
DevelopmentInProcess
7327000 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
CY2016Q2 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
6060000 USD
us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
14055000 USD
CY2015Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
15380000 USD
CY2016Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
16684000 USD
CY2015Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
655000 USD
CY2016Q2 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
678600 USD
CY2015Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.35
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.68
CY2016Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.35
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.81
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y10M2D
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
CY2016Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 USD
CY2015Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4139000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7910000 USD
CY2016Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4407000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8467000 USD
CY2015Q2 us-gaap Gross Profit
GrossProfit
39225000 USD
us-gaap Gross Profit
GrossProfit
77550000 USD
CY2016Q2 us-gaap Gross Profit
GrossProfit
40129000 USD
us-gaap Gross Profit
GrossProfit
82694000 USD
CY2015Q2 us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
2537000 USD
us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
5011000 USD
CY2016Q2 us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
2620000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
960000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
-1752000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
637000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
2451000 USD
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
2852000 USD
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
2443000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-2771000 USD
CY2016Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
106286000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
769000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2049000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-2430000 USD
CY2015Q2 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
453000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
793000 USD
CY2016Q2 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
336000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
1256000 USD
CY2015Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
11414000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
22798000 USD
CY2016Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
11660000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
23337000 USD
CY2015Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1114357000 USD
CY2016Q2 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1206307000 USD
CY2015Q4 us-gaap Land
Land
424837000 USD
CY2016Q2 us-gaap Land
Land
427112000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
941681000 USD
CY2016Q2 us-gaap Liabilities
Liabilities
929025000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1295408000 USD
CY2016Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1295455000 USD
us-gaap Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
0.743
CY2015Q4 us-gaap Line Of Credit
LineOfCredit
26695000 USD
CY2016Q2 us-gaap Line Of Credit
LineOfCredit
10956000 USD
CY2016Q2 us-gaap Long Term Debt
LongTermDebt
238378000 USD
CY2016Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
25793000 USD
CY2016Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
21404000 USD
CY2016Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
21892000 USD
CY2016Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
24614000 USD
CY2016Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
25902000 USD
CY2016Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
12487000 USD
CY2015Q4 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.0375
CY2016Q2 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.0360
CY2015Q4 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
832400000 USD
CY2016Q2 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
838200000 USD
CY2015Q4 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
42800000 USD
CY2016Q2 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
26700000 USD
CY2015Q4 us-gaap Minority Interest
MinorityInterest
50399000 USD
CY2016Q2 us-gaap Minority Interest
MinorityInterest
52699000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-23326000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-26132000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-25545000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-26432000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
48457000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
53542000 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
10396000 USD
us-gaap Net Income Loss
NetIncomeLoss
20603000 USD
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
10627000 USD
us-gaap Net Income Loss
NetIncomeLoss
23575000 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
CY2016Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
7533000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
17387000 USD
CY2015Q4 us-gaap Notes Payable
NotesPayable
832400000 USD
CY2016Q2 us-gaap Notes Payable
NotesPayable
838200000 USD
CY2015Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
892900000 USD
CY2016Q2 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
893000000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2016Q2 us-gaap Number Of Stores
NumberOfStores
29 store
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
12922000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
25609000 USD
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
13250000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
29631000 USD
us-gaap Operating Insurance And Claims Costs Production
OperatingInsuranceAndClaimsCostsProduction
170100 USD
us-gaap Operating Insurance And Claims Costs Production
OperatingInsuranceAndClaimsCostsProduction
166200 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
CY2016Q2 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
42580000 USD
us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
85187000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
451700 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
427800 USD
CY2015Q4 us-gaap Other Assets
OtherAssets
5407000 USD
CY2016Q2 us-gaap Other Assets
OtherAssets
7456000 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
CY2016Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-126000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-814000 USD
CY2015Q2 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
1480000 USD
us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
2919000 USD
CY2016Q2 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
1642000 USD
us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
6040000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
335000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
17456000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
19172000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
5983000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
6590000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
6188000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
6188000 USD
us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
893000 USD
us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
0 USD
CY2015Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
14953000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
25577000 USD
CY2016Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
13448000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
26432000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
6994000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
8661000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
17690000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
17771000 USD
CY2015Q2 us-gaap Percentage Rent
PercentageRent
558000 USD
us-gaap Percentage Rent
PercentageRent
996000 USD
CY2016Q2 us-gaap Percentage Rent
PercentageRent
596000 USD
us-gaap Percentage Rent
PercentageRent
959000 USD
CY2015Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3094000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6188000 USD
CY2016Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3094000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6188000 USD
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2016Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
72000 shares
CY2016Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
72000 shares
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
72000 shares
CY2016Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
72000 shares
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
180000000 USD
CY2016Q2 us-gaap Preferred Stock Value
PreferredStockValue
180000000 USD
CY2015Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
4663000 USD
CY2016Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1892000 USD
us-gaap Proceeds From Construction Loans Payable
ProceedsFromConstructionLoansPayable
12140000 USD
us-gaap Proceeds From Construction Loans Payable
ProceedsFromConstructionLoansPayable
17772000 USD
us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
32000 USD
us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
0 USD
us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
2448000 USD
us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
3378000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
8184000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
12822000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
46000000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
4000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
11000000 USD
CY2015Q2 us-gaap Profit Loss
ProfitLoss
12933000 USD
us-gaap Profit Loss
ProfitLoss
25614000 USD
CY2016Q2 us-gaap Profit Loss
ProfitLoss
13247000 USD
us-gaap Profit Loss
ProfitLoss
29621000 USD
CY2015Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
414000 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
660000 USD
CY2016Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
384000 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
816000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
660000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
816000 USD
CY2015Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
856800000 USD
CY2016Q2 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
847700000 USD
CY2015Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
425370000 USD
CY2016Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
440499000 USD
CY2015Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1622710000 USD
CY2016Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1640746000 USD
CY2015Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1197340000 USD
CY2016Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1200247000 USD
CY2016Q2 us-gaap Real Estate Owned Accumulated Depreciation
RealEstateOwnedAccumulatedDepreciation
7000000 USD
CY2015Q2 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
5876000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
11777000 USD
CY2016Q2 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
6137000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
12071000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
25000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
27000000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
41136000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
12154000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-180091000 USD
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-182856000 USD
CY2015Q2 us-gaap Revenues
Revenues
51711000 USD
us-gaap Revenues
Revenues
103799000 USD
CY2016Q2 us-gaap Revenues
Revenues
52710000 USD
us-gaap Revenues
Revenues
109636000 USD
CY2015Q4 us-gaap Secured Debt
SecuredDebt
796169000 USD
CY2016Q2 us-gaap Secured Debt
SecuredDebt
784402000 USD
CY2015Q4 us-gaap Senior Notes
SeniorNotes
875200000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
832000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
950000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P4Y
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
452417 shares
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
46.43
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1878685 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
2500 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
40.35
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
296250 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
226500 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
4237456 USD
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
11151610 USD
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
860274 shares
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
914542 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
46.58
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
49.52
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
45.76
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
57.74
CY2016Q2 us-gaap Share Price
SharePrice
61.71
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2016Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
6915024 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y7M8D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y9M10D
us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
103134 shares
us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
173209 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
169732 shares
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
5193000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
8579000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
303328000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21140000 shares
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21516000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21426000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21098000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
82000 shares
CY2016Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
73000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
52000 shares
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21143000 shares
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
313731000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
353727000 USD
CY2016Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
366430000 USD
CY2015Q2 us-gaap Tenant Reimbursements
TenantReimbursements
7797000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
16529000 USD
CY2016Q2 us-gaap Tenant Reimbursements
TenantReimbursements
7892000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
17450000 USD
CY2015Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
45000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21058000 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21443000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21374000 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, 2016</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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