2018 Q2 Form 10-Q Financial Statement

#000090725418000075 Filed on August 03, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $56.08M $55.91M
YoY Change 0.31% 6.07%
Cost Of Revenue $13.51M $13.17M
YoY Change 2.58% 7.95%
Gross Profit $42.57M $42.52M
YoY Change 0.13% 5.95%
Gross Profit Margin 75.91% 76.05%
Selling, General & Admin $4.650M $4.510M
YoY Change 3.1% 2.27%
% of Gross Profit 10.92% 10.61%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.35M $11.69M
YoY Change -2.91% 8.08%
% of Gross Profit 26.66% 27.5%
Operating Expenses $40.68M $16.42M
YoY Change 147.72% 5.26%
Operating Profit $15.90M $14.42M
YoY Change 10.26% 8.85%
Interest Expense $11.24M -$11.90M
YoY Change -194.43% 2.06%
% of Operating Profit 70.66% -82.51%
Other Income/Expense, Net
YoY Change
Pretax Income $15.90M $14.42M
YoY Change 10.26% 8.83%
Income Tax
% Of Pretax Income
Net Earnings $12.54M $11.51M
YoY Change 8.97% 8.31%
Net Earnings / Revenue 22.37% 20.59%
Basic Earnings Per Share
Diluted Earnings Per Share $0.43 $0.38
COMMON SHARES
Basic Shares Outstanding 22.26M shares 21.85M shares
Diluted Shares Outstanding 22.29M shares 21.93M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.400M $12.40M
YoY Change -48.39% 12.73%
Cash & Equivalents $6.425M $12.40M
Short-Term Investments
Other Short-Term Assets $1.700M $1.700M
YoY Change 0.0% -10.53%
Inventory
Prepaid Expenses
Receivables $50.60M $51.20M
Other Receivables $0.00 $0.00
Total Short-Term Assets $58.70M $65.30M
YoY Change -10.11% 6.35%
LONG-TERM ASSETS
Property, Plant & Equipment $1.346B $1.316B
YoY Change 2.33% 9.62%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $27.10M $28.10M
YoY Change -3.56% 6.44%
Total Long-Term Assets $1.388B $1.356B
YoY Change 2.38% 9.85%
TOTAL ASSETS
Total Short-Term Assets $58.70M $65.30M
Total Long-Term Assets $1.388B $1.356B
Total Assets $1.446B $1.421B
YoY Change 1.8% 9.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $29.10M $25.10M
YoY Change 15.94% -3.09%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $47.70M $43.20M
YoY Change 10.42% 1.41%
LONG-TERM LIABILITIES
Long-Term Debt $966.9M $963.7M
YoY Change 0.33% 12.48%
Other Long-Term Liabilities $25.60M $29.60M
YoY Change -13.51% -0.34%
Total Long-Term Liabilities $992.5M $993.3M
YoY Change -0.08% 12.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $47.70M $43.20M
Total Long-Term Liabilities $992.5M $993.3M
Total Liabilities $1.040B $1.036B
YoY Change 0.36% 11.56%
SHAREHOLDERS EQUITY
Retained Earnings -$204.4M -$191.8M
YoY Change 6.55% 4.91%
Common Stock $223.0K $219.0K
YoY Change 1.83% 1.86%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $336.9M $325.8M
YoY Change
Total Liabilities & Shareholders Equity $1.446B $1.421B
YoY Change 1.8% 9.68%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $12.54M $11.51M
YoY Change 8.97% 8.31%
Depreciation, Depletion And Amortization $11.35M $11.69M
YoY Change -2.91% 8.08%
Cash From Operating Activities $27.90M $26.10M
YoY Change 6.9% 17.57%
INVESTING ACTIVITIES
Capital Expenditures -$21.60M -$7.200M
YoY Change 200.0% -42.86%
Acquisitions
YoY Change
Other Investing Activities $1.300M
YoY Change
Cash From Investing Activities -$20.30M -$7.200M
YoY Change 181.94% -42.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -10.20M -16.20M
YoY Change -37.04% 16.55%
NET CHANGE
Cash From Operating Activities 27.90M 26.10M
Cash From Investing Activities -20.30M -7.200M
Cash From Financing Activities -10.20M -16.20M
Net Change In Cash -2.600M 2.700M
YoY Change -196.3% -162.79%
FREE CASH FLOW
Cash From Operating Activities $27.90M $26.10M
Capital Expenditures -$21.60M -$7.200M
Free Cash Flow $49.50M $33.30M
YoY Change 48.65% -4.31%

Facts In Submission

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us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-1000 USD
CY2018Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-12000 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-12000 USD
CY2017Q4 us-gaap Development In Process
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91114000 USD
CY2018Q2 us-gaap Development In Process
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139285000 USD
CY2017Q2 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
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6473000 USD
us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
13125000 USD
CY2018Q2 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
6732000 USD
CY2018Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
18599000 USD
CY2017Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
993200 USD
CY2018Q2 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
788200 USD
CY2017Q2 us-gaap Earnings Per Share Basic And Diluted
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0.38
CY2017Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
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0 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 USD
CY2018Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
509000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
509000 USD
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.87
CY2018Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.43
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.74
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y10M12D
us-gaap Other Real Estate Revenue
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6467000 USD
us-gaap Payments Of Debt Issuance Costs
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3212000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
1693000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
3490000 USD
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
2821000 USD
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
2790000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3662000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
4536000 USD
CY2017Q4 us-gaap Liabilities
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1029349000 USD
CY2018Q2 us-gaap Liabilities
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1040151000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
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1422452000 USD
CY2017Q2 us-gaap General And Administrative Expense
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4514000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8815000 USD
CY2018Q2 us-gaap General And Administrative Expense
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4647000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9068000 USD
CY2017Q2 us-gaap Gross Profit
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42517000 USD
us-gaap Gross Profit
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87385000 USD
CY2018Q2 us-gaap Gross Profit
GrossProfit
42571000 USD
us-gaap Gross Profit
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84712000 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
CY2018Q2 us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
3359000 USD
us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
5718000 USD
us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
5700000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
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-1889000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
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-2994000 USD
us-gaap Increase Decrease In Prepaid Expense
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-3333000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-3579000 USD
CY2017Q2 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
825000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
1595000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
1600000 USD
CY2018Q2 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
1442000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
2600000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
2586000 USD
CY2017Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
12378000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
24667000 USD
CY2018Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
12302000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
24503000 USD
us-gaap Interest Paid
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22917000 USD
us-gaap Interest Paid
InterestPaid
22145000 USD
CY2017Q4 us-gaap Investment Building And Building Improvements
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1261830000 USD
CY2018Q2 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1263865000 USD
CY2017Q4 us-gaap Land
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450256000 USD
CY2018Q2 us-gaap Land
Land
450256000 USD
CY2018Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1446482000 USD
us-gaap Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
0.739
CY2017Q4 us-gaap Line Of Credit
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60734000 USD
CY2018Q2 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
906500000 USD
CY2017 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
1 property
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2018Q2 us-gaap Number Of Stores
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32 store
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
14422000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
31796000 USD
CY2018Q2 us-gaap Line Of Credit
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23065000 USD
CY2017Q4 us-gaap Loans Payable
LoansPayable
0 USD
CY2018Q2 us-gaap Loans Payable
LoansPayable
74543000 USD
CY2018Q2 us-gaap Long Term Debt
LongTermDebt
269525000 USD
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
26990000 USD
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
26486000 USD
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
26771000 USD
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
29298000 USD
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
15277000 USD
CY2017Q4 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.0390
CY2018Q2 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.0440
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LongtermDebtPercentageBearingFixedInterestAmount
890400000 USD
CY2018Q2 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
875500000 USD
CY2017Q4 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
75100000 USD
CY2018Q2 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
100000000 USD
CY2017Q4 us-gaap Minority Interest
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58698000 USD
CY2018Q2 us-gaap Minority Interest
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69384000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
40883000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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-21181000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-94510000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-36993000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
57700000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
53691000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
11510000 USD
us-gaap Net Income Loss
NetIncomeLoss
25214000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
12543000 USD
us-gaap Net Income Loss
NetIncomeLoss
25129000 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
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
9590000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
16445000 USD
CY2017Q4 us-gaap Notes Payable
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890400000 USD
CY2018Q2 us-gaap Notes Payable
NotesPayable
875500000 USD
CY2017Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
951700000 USD
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
15405000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
30350000 USD
us-gaap Operating Insurance And Claims Costs Production
OperatingInsuranceAndClaimsCostsProduction
85700 USD
us-gaap Operating Insurance And Claims Costs Production
OperatingInsuranceAndClaimsCostsProduction
150500 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 Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
0 USD
CY2018Q2 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
1431000 USD
us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
2769000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
285000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6356000 USD
CY2017Q2 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
0 USD
CY2018Q2 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
45943000 USD
us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
91810000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
379300 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
395400 USD
CY2017Q4 us-gaap Other Assets
OtherAssets
9950000 USD
CY2018Q2 us-gaap Other Assets
OtherAssets
14293000 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
CY2018Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
165000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
554000 USD
CY2017Q2 us-gaap Other Income
OtherIncome
10000 USD
us-gaap Other Income
OtherIncome
23000 USD
CY2018Q2 us-gaap Other Income
OtherIncome
69000 USD
us-gaap Other Income
OtherIncome
170000 USD
CY2017Q2 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
1466000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
22191000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
23058000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
7599000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
7864000 USD
us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
79499000 USD
us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
162000 USD
CY2017Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
7161000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
94510000 USD
CY2018Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
20270000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
36993000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
7280000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
2911000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
7731000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
35246000 USD
CY2017Q2 us-gaap Percentage Rent
PercentageRent
519000 USD
us-gaap Percentage Rent
PercentageRent
901000 USD
CY2018Q2 us-gaap Percentage Rent
PercentageRent
249000 USD
us-gaap Percentage Rent
PercentageRent
667000 USD
CY2017Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3094000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6188000 USD
CY2018Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2953000 USD
CY2018Q2 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
0 USD
us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
2328000 USD
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
429000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
550000 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
550000 USD
CY2018Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
143000 USD
CY2017Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
5248000 USD
CY2018Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1669000 USD
us-gaap Proceeds From Construction Loans Payable
ProceedsFromConstructionLoansPayable
1358000 USD
us-gaap Proceeds From Construction Loans Payable
ProceedsFromConstructionLoansPayable
0 USD
us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
4866000 USD
us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
4046000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
9313000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
8048000 USD
us-gaap Proceeds From Issuance Of Medium Term Notes
ProceedsFromIssuanceOfMediumTermNotes
0 USD
us-gaap Proceeds From Issuance Of Medium Term Notes
ProceedsFromIssuanceOfMediumTermNotes
75000000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
40000000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
47000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
50000000 USD
us-gaap Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
0 USD
us-gaap Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
1326000 USD
CY2017Q2 us-gaap Profit Loss
ProfitLoss
14421000 USD
us-gaap Profit Loss
ProfitLoss
31795000 USD
CY2018Q2 us-gaap Profit Loss
ProfitLoss
15902000 USD
us-gaap Profit Loss
ProfitLoss
30847000 USD
CY2017Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
207000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
429000 USD
CY2017Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
1000000000 USD
CY2018Q2 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
969000000 USD
CY2017Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
488166000 USD
CY2018Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
507084000 USD
CY2017Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1803200000 USD
CY2018Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1853406000 USD
CY2017Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1315034000 USD
CY2018Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1346322000 USD
CY2017Q2 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
6700000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
13290000 USD
CY2018Q2 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
6778000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
13622000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
12000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
86000000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
13391000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
29001000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-197710000 USD
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-204404000 USD
CY2017Q2 us-gaap Revenues
Revenues
55897000 USD
us-gaap Revenues
Revenues
114350000 USD
CY2018Q2 us-gaap Revenues
Revenues
56224000 USD
us-gaap Revenues
Revenues
112619000 USD
CY2017Q4 us-gaap Secured Debt
SecuredDebt
897888000 USD
CY2018Q2 us-gaap Secured Debt
SecuredDebt
869272000 USD
CY2017Q4 us-gaap Senior Notes
SeniorNotes
965500000 USD
CY2018Q2 us-gaap Senior Notes
SeniorNotes
975500000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1013000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1097000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P4Y
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
634920 shares
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
50.58
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
153306 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
50.15
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
221250 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
245000 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
8172970 USD
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
3865121 USD
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
913320 shares
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1148170 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
52.80
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
52.17
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
41.82
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
49.46
CY2018Q2 us-gaap Share Price
SharePrice
53.58
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2018Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
2852934 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y7M16D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y7M25D
us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
154952 shares
us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
10735 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
7650 shares
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
7728000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1417000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
334405000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
336947000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
393103000 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
406331000 USD
CY2017Q2 us-gaap Tenant Reimbursements
TenantReimbursements
8337000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
16931000 USD
CY2018Q2 us-gaap Tenant Reimbursements
TenantReimbursements
8601000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
17373000 USD
CY2017Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
81000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
114000 shares
CY2018Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
28000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
34000 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
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22288000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22253000 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
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22260000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22219000 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, 2018</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>
us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<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;">Revenue Recognition</font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Rental and interest income are accrued as earned. Recognition of rental income commences when control of the space has been given to the tenant. When rental payments due under leases vary from a straight-line basis because of free rent periods or scheduled rent increases, income is recognized on a straight-line basis. Expense recoveries represent a portion of property operating expenses billed to tenants, including common area maintenance, real estate taxes and other recoverable costs, and are recognized in the period in which the expenses are incurred. Rental income based on a tenant&#8217;s revenue (&#8220;percentage rent&#8221;) is accrued when a tenant reports sales that exceed a breakpoint specified in the lease agreement.</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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