2017 Q2 Form 10-Q Financial Statement

#000090725417000077 Filed on August 03, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $55.91M $52.71M
YoY Change 6.07% 1.93%
Cost Of Revenue $13.17M $12.20M
YoY Change 7.95% 1.08%
Gross Profit $42.52M $40.13M
YoY Change 5.95% 2.3%
Gross Profit Margin 76.05% 76.13%
Selling, General & Admin $4.510M $4.410M
YoY Change 2.27% 6.52%
% of Gross Profit 10.61% 10.99%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.69M $10.82M
YoY Change 8.08% 0.06%
% of Gross Profit 27.5% 26.96%
Operating Expenses $16.42M $15.60M
YoY Change 5.26% 1.5%
Operating Profit $14.42M $13.25M
YoY Change 8.85% 2.54%
Interest Expense -$11.90M -$11.66M
YoY Change 2.06% 2.73%
% of Operating Profit -82.51% -88.0%
Other Income/Expense, Net
YoY Change
Pretax Income $14.42M $13.25M
YoY Change 8.83% 2.47%
Income Tax
% Of Pretax Income
Net Earnings $11.51M $10.63M
YoY Change 8.31% 2.22%
Net Earnings / Revenue 20.59% 20.16%
Basic Earnings Per Share
Diluted Earnings Per Share $0.38 $0.35
COMMON SHARES
Basic Shares Outstanding 21.85M shares 21.44M shares
Diluted Shares Outstanding 21.93M shares 21.52M shares

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $12.40M $11.00M
YoY Change 12.73% -5.98%
Cash & Equivalents $12.40M $10.98M
Short-Term Investments
Other Short-Term Assets $1.700M $1.900M
YoY Change -10.53% 11.76%
Inventory
Prepaid Expenses
Receivables $51.20M $48.50M
Other Receivables $0.00 $0.00
Total Short-Term Assets $65.30M $61.40M
YoY Change 6.35% 1.49%
LONG-TERM ASSETS
Property, Plant & Equipment $1.316B $1.200B
YoY Change 9.62% 2.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $28.10M $26.40M
YoY Change 6.44% -27.67%
Total Long-Term Assets $1.356B $1.234B
YoY Change 9.85% 1.36%
TOTAL ASSETS
Total Short-Term Assets $65.30M $61.40M
Total Long-Term Assets $1.356B $1.234B
Total Assets $1.421B $1.295B
YoY Change 9.68% 1.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $25.10M $25.90M
YoY Change -3.09% -18.3%
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 $43.20M $42.60M
YoY Change 1.41% -9.36%
LONG-TERM LIABILITIES
Long-Term Debt $963.7M $856.8M
YoY Change 12.48% 0.4%
Other Long-Term Liabilities $29.60M $29.70M
YoY Change -0.34% -6.6%
Total Long-Term Liabilities $993.3M $886.5M
YoY Change 12.05% 0.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $43.20M $42.60M
Total Long-Term Liabilities $993.3M $886.5M
Total Liabilities $1.036B $929.0M
YoY Change 11.56% -0.34%
SHAREHOLDERS EQUITY
Retained Earnings -$191.8M -$182.9M
YoY Change 4.91% 3.01%
Common Stock $219.0K $215.0K
YoY Change 1.86% 1.9%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $325.8M $313.7M
YoY Change
Total Liabilities & Shareholders Equity $1.421B $1.295B
YoY Change 9.68% 1.36%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $11.51M $10.63M
YoY Change 8.31% 2.22%
Depreciation, Depletion And Amortization $11.69M $10.82M
YoY Change 8.08% 0.06%
Cash From Operating Activities $26.10M $22.20M
YoY Change 17.57% -12.25%
INVESTING ACTIVITIES
Capital Expenditures -$7.200M -$12.60M
YoY Change -42.86% -16.0%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$7.200M -$12.60M
YoY Change -42.86% -15.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -16.20M -13.90M
YoY Change 16.55% 29.91%
NET CHANGE
Cash From Operating Activities 26.10M 22.20M
Cash From Investing Activities -7.200M -12.60M
Cash From Financing Activities -16.20M -13.90M
Net Change In Cash 2.700M -4.300M
YoY Change -162.79% 1333.33%
FREE CASH FLOW
Cash From Operating Activities $26.10M $22.20M
Capital Expenditures -$7.200M -$12.60M
Free Cash Flow $33.30M $34.80M
YoY Change -4.31% -13.65%

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CY2017Q2 us-gaap Deferred Compensation Arrangement With Individual Recorded Liability
DeferredCompensationArrangementWithIndividualRecordedLiability
2200000 USD
us-gaap Deferred Compensation Arrangement With Individual Shares Issued
DeferredCompensationArrangementWithIndividualSharesIssued
179864 shares
CY2016Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
30400000 USD
CY2017Q2 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
33100000 USD
CY2016Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
25983000 USD
CY2017Q2 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
28143000 USD
CY2016Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
7500000 USD
CY2017Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
7100000 USD
CY2017Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
7079000 USD
CY2016Q4 us-gaap Deferred Revenue
DeferredRevenue
30696000 USD
CY2017Q2 us-gaap Deferred Revenue
DeferredRevenue
29621000 USD
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
171000 USD
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
185500 USD
us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.06
us-gaap Depreciation And Amortization
DepreciationAndAmortization
18900000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
20200000 USD
CY2016Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
10817000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
21852000 USD
CY2017Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11691000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
23033000 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
CY2017Q2 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
-1000 USD
CY2016Q4 us-gaap Development In Process
DevelopmentInProcess
63570000 USD
CY2017Q2 us-gaap Development In Process
DevelopmentInProcess
72791000 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
CY2017Q2 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
6473000 USD
us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
13125000 USD
CY2016Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
17953000 USD
CY2017Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
18081000 USD
CY2016Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
860700 USD
CY2017Q2 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
803600 USD
CY2016Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.35
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.81
CY2017Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.38
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.87
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y10M3D
CY2016Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4407000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8467000 USD
CY2017Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4514000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8815000 USD
CY2016Q2 us-gaap Gross Profit
GrossProfit
40129000 USD
us-gaap Gross Profit
GrossProfit
82694000 USD
CY2017Q2 us-gaap Gross Profit
GrossProfit
42527000 USD
us-gaap Gross Profit
GrossProfit
87408000 USD
CY2016Q2 us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
2620000 USD
us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
6000000 USD
us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
6046000 USD
CY2017Q2 us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
2911000 USD
us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
6581000 USD
us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
6600000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
-1752000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
-1889000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
2451000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
1693000 USD
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
2443000 USD
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
2821000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2049000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3662000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-2771000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-3333000 USD
CY2016Q2 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
336000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
1256000 USD
CY2017Q2 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
825000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
1595000 USD
CY2016Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
11660000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
23337000 USD
CY2017Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
12378000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
24667000 USD
us-gaap Interest Paid
InterestPaid
22158000 USD
us-gaap Interest Paid
InterestPaid
22917000 USD
CY2016Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1214697000 USD
us-gaap Percentage Rent
PercentageRent
901000 USD
CY2017Q2 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1266394000 USD
CY2016Q4 us-gaap Land
Land
422546000 USD
CY2017Q2 us-gaap Land
Land
454041000 USD
CY2016Q4 us-gaap Liabilities
Liabilities
969776000 USD
CY2017Q2 us-gaap Liabilities
Liabilities
1036417000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1343025000 USD
CY2017Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1420878000 USD
us-gaap Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
0.743
CY2016Q4 us-gaap Line Of Credit
LineOfCredit
48217000 USD
CY2017Q2 us-gaap Line Of Credit
LineOfCredit
83478000 USD
CY2017Q2 us-gaap Long Term Debt
LongTermDebt
269822000 USD
CY2017Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
24840000 USD
CY2017Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
25186000 USD
CY2017Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
27773000 USD
CY2017Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
29019000 USD
CY2017Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
14434000 USD
CY2016Q4 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.0425
CY2017Q2 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.0375
CY2016Q4 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
844300000 USD
CY2017Q2 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
872400000 USD
CY2016Q4 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
63500000 USD
CY2017Q2 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
98300000 USD
CY2016Q4 us-gaap Minority Interest
MinorityInterest
54744000 USD
CY2017Q2 us-gaap Minority Interest
MinorityInterest
58636000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-26132000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
40883000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-26432000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-94510000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
53542000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
57700000 USD
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
10627000 USD
us-gaap Net Income Loss
NetIncomeLoss
23575000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
11510000 USD
us-gaap Net Income Loss
NetIncomeLoss
25214000 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
CY2017Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
8416000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
19026000 USD
CY2016Q4 us-gaap Notes Payable
NotesPayable
844300000 USD
CY2017Q2 us-gaap Notes Payable
NotesPayable
872400000 USD
CY2016Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
897200000 USD
CY2017Q2 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
947600000 USD
CY2016 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
2 property
us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
1 property
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2016Q2 us-gaap Percentage Rent
PercentageRent
596000 USD
us-gaap Percentage Rent
PercentageRent
959000 USD
CY2017Q2 us-gaap Percentage Rent
PercentageRent
519000 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
CY2017Q2 us-gaap Number Of Stores
NumberOfStores
32 store
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
13250000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
29631000 USD
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
14422000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
31796000 USD
us-gaap Operating Insurance And Claims Costs Production
OperatingInsuranceAndClaimsCostsProduction
166200 USD
us-gaap Operating Insurance And Claims Costs Production
OperatingInsuranceAndClaimsCostsProduction
85700 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
CY2017Q2 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
45575000 USD
us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
90051000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
427800 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
379300 USD
CY2016Q4 us-gaap Other Assets
OtherAssets
8096000 USD
CY2017Q2 us-gaap Other Assets
OtherAssets
11757000 USD
CY2017Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
55000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
332000 USD
CY2016Q2 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
1642000 USD
us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
6040000 USD
CY2017Q2 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
1476000 USD
us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
6490000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
285000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
19172000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
22191000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
6590000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
7599000 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
0 USD
us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
79499000 USD
CY2016Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
13448000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
26432000 USD
CY2017Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
7161000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
94510000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
8661000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
7280000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
17771000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
7731000 USD
CY2016Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3094000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6188000 USD
CY2017Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3094000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6188000 USD
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2017Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
72000 shares
CY2017Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
72000 shares
us-gaap Profit Loss
ProfitLoss
31795000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
27000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
12000000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
12154000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
13391000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-188584000 USD
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
72000 shares
CY2017Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
72000 shares
CY2016Q4 us-gaap Preferred Stock Value
PreferredStockValue
180000000 USD
CY2017Q2 us-gaap Preferred Stock Value
PreferredStockValue
180000000 USD
CY2016Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
5057000 USD
CY2017Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1724000 USD
us-gaap Proceeds From Construction Loans Payable
ProceedsFromConstructionLoansPayable
17772000 USD
us-gaap Proceeds From Construction Loans Payable
ProceedsFromConstructionLoansPayable
1358000 USD
us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
3378000 USD
us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
4866000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
12822000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
9313000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
40000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
11000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
47000000 USD
CY2016Q2 us-gaap Profit Loss
ProfitLoss
13247000 USD
us-gaap Profit Loss
ProfitLoss
29621000 USD
CY2017Q2 us-gaap Profit Loss
ProfitLoss
14421000 USD
CY2016Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
384000 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
816000 USD
CY2017Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
207000 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
550000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
816000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
550000 USD
CY2016Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
957200000 USD
CY2017Q2 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
1000000000 USD
CY2016Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
458279000 USD
CY2017Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
477565000 USD
CY2016Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1700813000 USD
CY2017Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1793226000 USD
CY2016Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1242534000 USD
CY2017Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1315661000 USD
CY2016Q2 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
6137000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
12071000 USD
CY2017Q2 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
6700000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
13290000 USD
CY2016Q3 us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
8800000 USD
CY2017Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-191837000 USD
CY2016Q2 us-gaap Revenues
Revenues
52710000 USD
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
114000 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
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21927000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21910000 shares
us-gaap Revenues
Revenues
109636000 USD
CY2017Q2 us-gaap Revenues
Revenues
55907000 USD
us-gaap Revenues
Revenues
114373000 USD
CY2016Q4 us-gaap Secured Debt
SecuredDebt
783400000 USD
CY2017Q2 us-gaap Secured Debt
SecuredDebt
810108000 USD
CY2016Q4 us-gaap Senior Notes
SeniorNotes
907800000 USD
CY2017Q2 us-gaap Senior Notes
SeniorNotes
970700000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
950000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1013000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P4Y
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
506945 shares
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
48.69
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1121042 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
3750 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
53.73
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
228750 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
232500 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
13913891 USD
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
5874639 USD
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
833630 shares
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
989320 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
49.92
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
52.38
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
46.63
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
59.41
CY2017Q2 us-gaap Share Price
SharePrice
57.98
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2017Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
4749306 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y10M27D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y10M24D
us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
97289 shares
us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
75971 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
73060 shares
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
5906000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
4420000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
318505000 USD
CY2017Q2 us-gaap Stockholders Equity
StockholdersEquity
325825000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
373249000 USD
CY2017Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
384461000 USD
CY2016Q2 us-gaap Tenant Reimbursements
TenantReimbursements
7892000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
17450000 USD
CY2017Q2 us-gaap Tenant Reimbursements
TenantReimbursements
8337000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
16931000 USD
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
CY2017Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
81000 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
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21846000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21796000 shares
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>
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, 2017</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>

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