2016 Q4 Form 10-Q Financial Statement

#000090725416000259 Filed on November 01, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $54.20M $53.23M $52.38M
YoY Change 2.46% 1.64% 3.52%
Cost Of Revenue $13.20M $12.88M $12.30M
YoY Change 5.85% 4.72% 3.27%
Gross Profit $41.00M $39.96M $39.51M
YoY Change 1.41% 1.13% 2.59%
Gross Profit Margin 75.64% 75.07% 75.44%
Selling, General & Admin $5.000M $4.030M $3.800M
YoY Change 7.76% 6.05% -1.04%
% of Gross Profit 12.2% 10.08% 9.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.90M $11.63M $11.13M
YoY Change 0.0% 4.45% 8.53%
% of Gross Profit 26.59% 29.09% 28.17%
Operating Expenses $16.22M $16.05M $15.55M
YoY Change 6.99% 3.22% 8.97%
Operating Profit $13.36M $12.72M $13.24M
YoY Change -5.13% -3.9% 6.08%
Interest Expense -$11.42M -$11.52M -$11.24M
YoY Change 2.15% 2.49% -2.94%
% of Operating Profit -85.48% -90.55% -84.91%
Other Income/Expense, Net
YoY Change
Pretax Income $14.38M $12.72M $13.23M
YoY Change 2.06% -3.85% 6.01%
Income Tax
% Of Pretax Income
Net Earnings $11.47M $10.24M $10.62M
YoY Change 1.91% -3.54% 5.04%
Net Earnings / Revenue 21.15% 19.23% 20.27%
Basic Earnings Per Share
Diluted Earnings Per Share $0.38 $0.33 $0.36
COMMON SHARES
Basic Shares Outstanding 21.40M shares 21.60M shares 21.16M shares
Diluted Shares Outstanding 21.78M shares 21.19M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.300M $9.800M $8.900M
YoY Change -17.0% 10.11% -31.54%
Cash & Equivalents $8.322M $9.836M $8.922M
Short-Term Investments
Other Short-Term Assets $5.100M $8.600M $8.100M
YoY Change 8.51% 6.17% 17.39%
Inventory
Prepaid Expenses
Receivables $52.80M $52.90M $50.80M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $66.20M $71.30M $67.80M
YoY Change 0.61% 5.16% 1.35%
LONG-TERM ASSETS
Property, Plant & Equipment $1.243B $1.207B $1.188B
YoY Change 3.78% 1.59% 3.15%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $26.00M $26.30M $36.00M
YoY Change -3.35% -26.94% -2.44%
Total Long-Term Assets $1.277B $1.240B $1.229B
YoY Change 3.84% 0.86% 3.15%
TOTAL ASSETS
Total Short-Term Assets $66.20M $71.30M $67.80M
Total Long-Term Assets $1.277B $1.240B $1.229B
Total Assets $1.343B $1.311B $1.297B
YoY Change 3.68% 1.08% 3.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $20.80M $25.00M $31.70M
YoY Change -24.91% -21.14% 27.31%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $38.80M $41.70M $47.00M
YoY Change -9.98% -11.28% 19.59%
LONG-TERM LIABILITIES
Long-Term Debt $900.3M $867.3M $869.4M
YoY Change 3.9% -0.24% 2.71%
Other Long-Term Liabilities $30.70M $31.90M $32.50M
YoY Change -4.36% -1.85% -2.69%
Total Long-Term Liabilities $931.0M $899.2M $901.9M
YoY Change 3.61% -0.3% 2.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $38.80M $41.70M $47.00M
Total Long-Term Liabilities $931.0M $899.2M $901.9M
Total Liabilities $969.8M $941.0M $949.0M
YoY Change 2.98% -0.84% 3.23%
SHAREHOLDERS EQUITY
Retained Earnings -$188.6M -$185.9M -$179.1M
YoY Change 4.72% 3.79% 4.94%
Common Stock $217.0K $216.0K $212.0K
YoY Change 1.88% 1.89% 1.44%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $318.5M $316.4M $299.1M
YoY Change
Total Liabilities & Shareholders Equity $1.343B $1.311B $1.297B
YoY Change 3.68% 1.08% 3.05%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $11.47M $10.24M $10.62M
YoY Change 1.91% -3.54% 5.04%
Depreciation, Depletion And Amortization $10.90M $11.63M $11.13M
YoY Change 0.0% 4.45% 8.53%
Cash From Operating Activities $18.70M $16.90M $16.20M
YoY Change -22.73% 4.32% -30.77%
INVESTING ACTIVITIES
Capital Expenditures -$46.30M -$18.30M -$24.30M
YoY Change 135.03% -24.69% -49.38%
Acquisitions
YoY Change
Other Investing Activities $4.800M $0.00 $0.00
YoY Change
Cash From Investing Activities -$41.60M -$18.30M -$24.40M
YoY Change 111.17% -25.0% -49.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 21.30M 300.0K 5.200M
YoY Change -745.45% -94.23% -67.09%
NET CHANGE
Cash From Operating Activities 18.70M 16.90M 16.20M
Cash From Investing Activities -41.60M -18.30M -24.40M
Cash From Financing Activities 21.30M 300.0K 5.200M
Net Change In Cash -1.600M -1.100M -3.000M
YoY Change -233.33% -63.33% -65.91%
FREE CASH FLOW
Cash From Operating Activities $18.70M $16.90M $16.20M
Capital Expenditures -$46.30M -$18.30M -$24.30M
Free Cash Flow $65.00M $35.20M $40.50M
YoY Change 48.06% -13.09% -43.28%

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DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid
642837000 USD
us-gaap Deferred Compensation Arrangement With Individual Employer Contribution
DeferredCompensationArrangementWithIndividualEmployerContribution
103300 USD
us-gaap Deferred Compensation Arrangement With Individual Employer Contribution
DeferredCompensationArrangementWithIndividualEmployerContribution
129000 USD
CY2015Q4 us-gaap Deferred Compensation Arrangement With Individual Recorded Liability
DeferredCompensationArrangementWithIndividualRecordedLiability
1800000 USD
CY2016Q3 us-gaap Deferred Compensation Arrangement With Individual Recorded Liability
DeferredCompensationArrangementWithIndividualRecordedLiability
2000000 USD
us-gaap Deferred Compensation Arrangement With Individual Shares Issued
DeferredCompensationArrangementWithIndividualSharesIssued
244415 shares
CY2015Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
26600000 USD
CY2016Q3 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
29700000 USD
CY2015Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
26919000 USD
CY2016Q3 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
26287000 USD
CY2015Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
8700000 USD
CY2016Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
7703000 USD
CY2015Q4 us-gaap Deferred Revenue
DeferredRevenue
32109000 USD
CY2016Q3 us-gaap Deferred Revenue
DeferredRevenue
31925000 USD
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
312400 USD
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
255000 USD
us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.06
us-gaap Depreciation And Amortization
DepreciationAndAmortization
28200000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
29000000 USD
CY2015Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11131000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
32382000 USD
CY2016Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11626000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
33478000 USD
CY2015Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-6000 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-12000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
1393000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
3922000 USD
CY2015Q3 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
600000 USD
CY2016Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
1000 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-9000 USD
CY2015Q4 us-gaap Development In Process
DevelopmentInProcess
83516000 USD
CY2016Q3 us-gaap Development In Process
DevelopmentInProcess
60773000 USD
CY2015Q3 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
6308000 USD
us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
20120000 USD
CY2016Q3 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
6685000 USD
us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
20740000 USD
CY2015Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
15380000 USD
CY2016Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
16739000 USD
CY2015Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
655000 USD
CY2016Q3 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
682400 USD
CY2015Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.36
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.04
CY2016Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.33
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.14
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y7M23D
CY2015Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
11000 USD
CY2016Q3 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
CY2015Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3802000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
11712000 USD
CY2016Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4033000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
12500000 USD
CY2015Q3 us-gaap Gross Profit
GrossProfit
39514000 USD
us-gaap Gross Profit
GrossProfit
117064000 USD
CY2016Q3 us-gaap Gross Profit
GrossProfit
39962000 USD
us-gaap Gross Profit
GrossProfit
122656000 USD
CY2015Q3 us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
2617000 USD
us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
7628000 USD
CY2016Q3 us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
2484000 USD
us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
8530000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
5340000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
3011000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-67000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
247000 USD
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
4125000 USD
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
3721000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1590000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1365000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
4022000 USD
CY2016Q3 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
506000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
1762000 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
21892000 USD
CY2015Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
11489000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
34287000 USD
CY2016Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
11691000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
35027000 USD
CY2015Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1114357000 USD
CY2016Q3 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1210467000 USD
CY2015Q4 us-gaap Land
Land
424837000 USD
CY2016Q3 us-gaap Land
Land
384520000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
941681000 USD
CY2016Q3 us-gaap Liabilities
Liabilities
940993000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1295408000 USD
CY2016Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1311004000 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
CY2016Q3 us-gaap Line Of Credit
LineOfCredit
22086000 USD
CY2016Q3 us-gaap Long Term Debt
LongTermDebt
232173000 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
106312000 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
25766000 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
21404000 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
24614000 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
25901000 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
6284000 USD
CY2015Q4 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.0375
CY2016Q3 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
CY2016Q3 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
837400000 USD
CY2015Q4 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
42800000 USD
CY2016Q3 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
37600000 USD
CY2015Q4 us-gaap Minority Interest
MinorityInterest
50399000 USD
CY2016Q3 us-gaap Minority Interest
MinorityInterest
53582000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-18051000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-25833000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-49881000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-44685000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
64726000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
70351000 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
10615000 USD
us-gaap Net Income Loss
NetIncomeLoss
31218000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
10239000 USD
us-gaap Net Income Loss
NetIncomeLoss
33814000 USD
CY2015Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
7522000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
21937000 USD
CY2016Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
7146000 USD
us-gaap Percentage Rent
PercentageRent
1016000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-510000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P4Y
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
23073000 USD
CY2015Q3 us-gaap Percentage Rent
PercentageRent
157000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
24533000 USD
CY2015Q4 us-gaap Notes Payable
NotesPayable
832400000 USD
CY2016Q3 us-gaap Notes Payable
NotesPayable
837400000 USD
us-gaap Percentage Rent
PercentageRent
1153000 USD
CY2016Q3 us-gaap Percentage Rent
PercentageRent
57000 USD
CY2015Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
892900000 USD
CY2016Q3 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
886800000 USD
us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
2 property
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
9281000 USD
us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
4894000 USD
us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
10341000 USD
CY2015Q3 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
24336000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
49913000 USD
CY2016Q3 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
18253000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
44685000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
13271000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
11271000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
31748000 USD
CY2016Q3 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
43151000 USD
us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
128338000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
684800 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
617100 USD
CY2015Q4 us-gaap Other Assets
OtherAssets
5407000 USD
CY2016Q3 us-gaap Other Assets
OtherAssets
6772000 USD
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-561000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2016Q3 us-gaap Number Of Stores
NumberOfStores
29 store
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
13238000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
38847000 USD
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
12722000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
42353000 USD
us-gaap Operating Insurance And Claims Costs Production
OperatingInsuranceAndClaimsCostsProduction
295000 USD
us-gaap Operating Insurance And Claims Costs Production
OperatingInsuranceAndClaimsCostsProduction
279100 USD
CY2015Q3 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
42431000 USD
us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
125786000 USD
CY2016Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
431000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-383000 USD
CY2015Q3 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
1607000 USD
us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
4526000 USD
CY2016Q3 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
1464000 USD
us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
7504000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
311000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
26538000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
29306000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
9098000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
10055000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
9281000 USD
CY2015Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3093000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
9281000 USD
CY2016Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3093000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
9281000 USD
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2016Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
72000 shares
CY2016Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
72000 shares
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
72000 shares
CY2016Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
72000 shares
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
180000000 USD
CY2016Q3 us-gaap Preferred Stock Value
PreferredStockValue
180000000 USD
CY2015Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
4663000 USD
CY2016Q3 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
8585000 USD
us-gaap Proceeds From Construction Loans Payable
ProceedsFromConstructionLoansPayable
26022000 USD
us-gaap Proceeds From Construction Loans Payable
ProceedsFromConstructionLoansPayable
23126000 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
4060000 USD
us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
5144000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
11102000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
17898000 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
15000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
32000000 USD
CY2015Q3 us-gaap Profit Loss
ProfitLoss
13232000 USD
us-gaap Profit Loss
ProfitLoss
38846000 USD
CY2016Q3 us-gaap Profit Loss
ProfitLoss
12723000 USD
us-gaap Profit Loss
ProfitLoss
42344000 USD
CY2015Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
621000 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1281000 USD
CY2016Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
391000 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1207000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
1281000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
1207000 USD
CY2015Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
856800000 USD
CY2016Q3 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
845900000 USD
CY2015Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
425370000 USD
CY2016Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
449116000 USD
CY2015Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1622710000 USD
CY2016Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1655760000 USD
CY2015Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1197340000 USD
CY2016Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1206644000 USD
CY2016Q3 us-gaap Real Estate Owned Accumulated Depreciation
RealEstateOwnedAccumulatedDepreciation
7000000 USD
CY2015Q3 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
5933000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
17710000 USD
CY2016Q3 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
6195000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
18266000 USD
CY2016Q3 us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
8800000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
28000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
37000000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
47007000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
18359000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-180091000 USD
CY2016Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
182000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
96000 shares
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21191000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21157000 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21779000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21544000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21158000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21091000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21597000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21448000 shares
CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-185886000 USD
CY2015Q3 us-gaap Revenues
Revenues
52376000 USD
us-gaap Revenues
Revenues
156175000 USD
CY2016Q3 us-gaap Revenues
Revenues
53233000 USD
us-gaap Revenues
Revenues
162869000 USD
CY2015Q4 us-gaap Secured Debt
SecuredDebt
796169000 USD
CY2016Q3 us-gaap Secured Debt
SecuredDebt
778382000 USD
CY2015Q4 us-gaap Senior Notes
SeniorNotes
875200000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1136000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1282000 USD
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
402193 shares
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
46.38
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
2803319 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
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
14627287 USD
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
860274 shares
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
864318 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
46.58
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
49.68
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
45.99
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
57.74
CY2016Q3 us-gaap Share Price
SharePrice
66.60
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2016Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
8130910 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y7M11D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y8M17D
us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
142621 shares
us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
224011 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
219956 shares
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
7786000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
11394000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
303328000 USD
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
316429000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
353727000 USD
CY2016Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
370011000 USD
CY2015Q3 us-gaap Tenant Reimbursements
TenantReimbursements
8181000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
24710000 USD
CY2016Q3 us-gaap Tenant Reimbursements
TenantReimbursements
8561000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
26011000 USD
CY2015Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
33000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
66000 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;">nine 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;">September&#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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