2018 Q4 Form 10-Q Financial Statement

#000090725418000090 Filed on November 01, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q3
Revenue $58.12M $56.91M $56.24M
YoY Change 2.55% 1.2% 5.64%
Cost Of Revenue $14.25M $13.85M $14.25M
YoY Change 1.64% -2.81% 10.64%
Gross Profit $44.08M $43.06M $41.92M
YoY Change 3.33% 2.72% 4.91%
Gross Profit Margin 75.84% 75.67% 74.55%
Selling, General & Admin $5.250M $4.140M $4.360M
YoY Change 5.0% -5.05% 8.19%
% of Gross Profit 11.91% 9.61% 10.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.90M $11.26M $11.36M
YoY Change 5.31% -0.94% -2.26%
% of Gross Profit 27.0% 26.14% 27.1%
Operating Expenses $17.32M $40.22M $15.78M
YoY Change 4.34% 154.87% -1.68%
Operating Profit $15.51M $16.70M $14.39M
YoY Change 7.58% 16.1% 13.08%
Interest Expense -$11.25M $11.02M -$11.82M
YoY Change -2.77% -193.25% 2.6%
% of Operating Profit -72.54% 65.99% -82.16%
Other Income/Expense, Net
YoY Change
Pretax Income $15.51M $16.70M $14.39M
YoY Change 7.04% 16.05% 13.13%
Income Tax
% Of Pretax Income
Net Earnings $12.27M $13.16M $11.48M
YoY Change 6.13% 14.56% 12.15%
Net Earnings / Revenue 21.11% 23.12% 20.42%
Basic Earnings Per Share
Diluted Earnings Per Share $0.41 $0.45 $0.38
COMMON SHARES
Basic Shares Outstanding 22.60M shares 22.43M shares 21.94M shares
Diluted Shares Outstanding 22.50M shares 22.03M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $14.60M $9.800M $9.400M
YoY Change 33.94% 4.26% -4.08%
Cash & Equivalents $14.58M $9.771M $9.385M
Short-Term Investments
Other Short-Term Assets $5.200M $9.000M $8.900M
YoY Change 0.0% 1.12% 3.49%
Inventory
Prepaid Expenses
Receivables $53.90M $55.50M $55.60M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $73.70M $74.30M $73.90M
YoY Change 4.99% 0.54% 3.65%
LONG-TERM ASSETS
Property, Plant & Equipment $1.423B $1.398B $1.310B
YoY Change 8.18% 6.69% 8.57%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $28.10M $28.10M $27.70M
YoY Change 2.93% 1.44% 5.32%
Total Long-Term Assets $1.454B $1.432B $1.350B
YoY Change 7.51% 6.08% 8.88%
TOTAL ASSETS
Total Short-Term Assets $73.70M $74.30M $73.90M
Total Long-Term Assets $1.454B $1.432B $1.350B
Total Assets $1.527B $1.506B $1.424B
YoY Change 7.38% 5.79% 8.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $32.40M $32.00M $24.30M
YoY Change 40.26% 31.69% -2.8%
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 $51.60M $50.70M $42.40M
YoY Change 24.04% 19.58% 1.68%
LONG-TERM LIABILITIES
Long-Term Debt $1.022B $1.013B $962.1M
YoY Change 6.59% 5.28% 10.93%
Other Long-Term Liabilities $28.90M $25.70M $31.00M
YoY Change -0.69% -17.1% -2.82%
Total Long-Term Liabilities $1.051B $1.039B $993.1M
YoY Change 6.38% 4.58% 10.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $51.60M $50.70M $42.40M
Total Long-Term Liabilities $1.051B $1.039B $993.1M
Total Liabilities $1.102B $1.089B $1.036B
YoY Change 7.08% 5.19% 10.05%
SHAREHOLDERS EQUITY
Retained Earnings -$208.6M -$205.9M -$194.7M
YoY Change 5.5% 5.76% 4.72%
Common Stock $227.0K $225.0K $220.0K
YoY Change 2.71% 2.27% 1.85%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $355.9M $347.2M $329.5M
YoY Change
Total Liabilities & Shareholders Equity $1.527B $1.506B $1.424B
YoY Change 7.38% 5.79% 8.6%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $12.27M $13.16M $11.48M
YoY Change 6.13% 14.56% 12.15%
Depreciation, Depletion And Amortization $11.90M $11.26M $11.36M
YoY Change 5.31% -0.94% -2.26%
Cash From Operating Activities $35.40M $21.20M $16.70M
YoY Change 21.65% 26.95% -1.18%
INVESTING ACTIVITIES
Capital Expenditures -$32.40M -$59.30M -$11.70M
YoY Change 134.78% 406.84% -36.07%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $6.700M
YoY Change -100.0%
Cash From Investing Activities -$32.40M -$59.30M -$5.000M
YoY Change 134.78% 1086.0% -72.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.700M 41.50M -14.80M
YoY Change -112.41% -380.41% -5033.33%
NET CHANGE
Cash From Operating Activities 35.40M 21.20M 16.70M
Cash From Investing Activities -32.40M -59.30M -5.000M
Cash From Financing Activities 1.700M 41.50M -14.80M
Net Change In Cash 4.700M 3.400M -3.100M
YoY Change 193.75% -209.68% 181.82%
FREE CASH FLOW
Cash From Operating Activities $35.40M $21.20M $16.70M
Capital Expenditures -$32.40M -$59.30M -$11.70M
Free Cash Flow $67.80M $80.50M $28.40M
YoY Change 58.04% 183.45% -19.32%

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DeferredCostsLeasingAccumulatedAmortization
35300000 USD
CY2018Q3 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
36100000 USD
CY2017Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
27255000 USD
CY2017Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
27300000 USD
CY2018Q3 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
28100000 USD
CY2018Q3 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
28057000 USD
CY2017Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6900000 USD
CY2018Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
9989000 USD
CY2018Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
10000000 USD
CY2017Q4 us-gaap Deferred Revenue Leases Net
DeferredRevenueLeasesNet
29084000 USD
CY2018Q3 us-gaap Deferred Revenue Leases Net
DeferredRevenueLeasesNet
25747000 USD
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
270600 USD
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
264900 USD
us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.06
us-gaap Depreciation And Amortization
DepreciationAndAmortization
30300000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
29700000 USD
CY2017Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11363000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
34396000 USD
CY2018Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11256000 USD
CY2018Q3 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
767600 USD
CY2017Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.38
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.25
CY2018Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.45
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.19
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y8M8D
CY2017Q3 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
CY2018Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
509000 USD
CY2017Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4363000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13208000 USD
CY2017Q3 us-gaap Gross Profit
GrossProfit
41924000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13178000 USD
us-gaap Gross Profit
GrossProfit
129310000 USD
CY2018Q3 us-gaap Gross Profit
GrossProfit
43063000 USD
us-gaap Gross Profit
GrossProfit
127775000 USD
CY2017Q3 us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
2902000 USD
us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
9483000 USD
us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
9500000 USD
CY2018Q3 us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
3547000 USD
us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
9265000 USD
us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
9300000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
2901000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
1846000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
801000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
3358000 USD
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
3654000 USD
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
4195000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
817000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1171000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
3947000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
3767000 USD
CY2017Q3 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
900000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
2500000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
2495000 USD
CY2018Q3 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
1716000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
4300000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
4301000 USD
CY2017Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
12370000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
37037000 USD
CY2018Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
12361000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
36863000 USD
us-gaap Interest Paid Net
InterestPaidNet
34394000 USD
us-gaap Interest Paid Net
InterestPaidNet
32697000 USD
CY2017Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1261830000 USD
CY2018Q3 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1268120000 USD
CY2017Q4 us-gaap Land
Land
450256000 USD
CY2018Q3 us-gaap Land
Land
484428000 USD
CY2017Q4 us-gaap Liabilities
Liabilities
1029349000 USD
CY2018Q3 us-gaap Liabilities
Liabilities
1089339000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1422452000 USD
CY2018Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1506138000 USD
us-gaap Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
0.741
CY2017Q4 us-gaap Line Of Credit
LineOfCredit
60734000 USD
CY2018Q3 us-gaap Line Of Credit
LineOfCredit
75200000 USD
CY2017Q4 us-gaap Loans Payable
LoansPayable
0 USD
CY2018Q3 us-gaap Loans Payable
LoansPayable
74568000 USD
CY2018Q3 us-gaap Long Term Debt
LongTermDebt
1012912000 USD
CY2018Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
26990000 USD
CY2018Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
26486000 USD
CY2018Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
26772000 USD
CY2018Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
29298000 USD
CY2018Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
7688000 USD
CY2017Q4 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.0390
CY2018Q3 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.0455
CY2017Q4 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
890400000 USD
CY2018Q3 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
870901000 USD
CY2018Q3 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
870900000 USD
CY2017Q4 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
75100000 USD
CY2018Q3 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
152000000 USD
CY2018Q3 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
152000000 USD
CY2017Q4 us-gaap Minority Interest
MinorityInterest
58698000 USD
CY2018Q3 us-gaap Minority Interest
MinorityInterest
69566000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
26106000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
20289000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-99486000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-96299000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
74443000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
74873000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
11483000 USD
us-gaap Net Income Loss
NetIncomeLoss
36697000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
13155000 USD
us-gaap Net Income Loss
NetIncomeLoss
38285000 USD
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
8390000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
27416000 USD
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
10202000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
26648000 USD
CY2017Q4 us-gaap Notes Payable
NotesPayable
890400000 USD
CY2018Q3 us-gaap Notes Payable
NotesPayable
870900000 USD
CY2017Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
951700000 USD
CY2018Q3 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
891900000 USD
CY2017 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
1 property
us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
1 property
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2018Q3 us-gaap Number Of Stores
NumberOfStores
32 store
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
14386000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
46182000 USD
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
16692000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
47043000 USD
us-gaap Operating Insurance And Claims Costs Production
OperatingInsuranceAndClaimsCostsProduction
173800 USD
us-gaap Operating Insurance And Claims Costs Production
OperatingInsuranceAndClaimsCostsProduction
251800 USD
CY2017Q3 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
45385000 USD
us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
135436000 USD
us-gaap Other Income
OtherIncome
31000 USD
CY2018Q3 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
46189000 USD
CY2018Q3 us-gaap Other Income
OtherIncome
48000 USD
us-gaap Other Income
OtherIncome
218000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2069000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2493000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
33350000 USD
us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
137999000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
578200 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
590000 USD
CY2017Q4 us-gaap Other Assets
OtherAssets
9950000 USD
CY2018Q3 us-gaap Other Assets
OtherAssets
6149000 USD
CY2017Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
171000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
503000 USD
CY2018Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
173000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
727000 USD
CY2017Q3 us-gaap Other Income
OtherIncome
9000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
34613000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
11429000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
11919000 USD
us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
79499000 USD
us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
36346000 USD
CY2017Q3 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
11664000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
106174000 USD
CY2018Q3 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
59306000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
96299000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
12389000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
6586000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
14286000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
54693000 USD
CY2017Q3 us-gaap Percentage Rent
PercentageRent
67000 USD
us-gaap Percentage Rent
PercentageRent
968000 USD
CY2018Q3 us-gaap Percentage Rent
PercentageRent
119000 USD
us-gaap Percentage Rent
PercentageRent
786000 USD
CY2017Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3093000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
9281000 USD
CY2018Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2953000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
9309000 USD
CY2017Q3 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
0 USD
us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
0 USD
CY2018Q3 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
CY2018Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2017Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
5248000 USD
CY2018Q3 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
9015000 USD
us-gaap Proceeds From Construction Loans Payable
ProceedsFromConstructionLoansPayable
1437000 USD
us-gaap Proceeds From Construction Loans Payable
ProceedsFromConstructionLoansPayable
2949000 USD
us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
6688000 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
5798000 USD
us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
4699000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
15303000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
19336000 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
55000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
102000000 USD
us-gaap Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
0 USD
us-gaap Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
1326000 USD
CY2017Q3 us-gaap Profit Loss
ProfitLoss
14385000 USD
us-gaap Profit Loss
ProfitLoss
46180000 USD
CY2018Q3 us-gaap Profit Loss
ProfitLoss
16702000 USD
us-gaap Profit Loss
ProfitLoss
47550000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
602000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
530000 USD
CY2017Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
1000000000 USD
CY2018Q3 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
965600000 USD
CY2017Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
488166000 USD
CY2018Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
516568000 USD
CY2017Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1803200000 USD
CY2018Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1914173000 USD
CY2017Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1315034000 USD
CY2018Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1397605000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
15000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
86000000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
20303000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
36577000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-197710000 USD
CY2018Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-205872000 USD
CY2017Q3 us-gaap Revenues
Revenues
56228000 USD
us-gaap Revenues
Revenues
170579000 USD
CY2018Q3 us-gaap Revenues
Revenues
57011000 USD
us-gaap Revenues
Revenues
169630000 USD
CY2017Q4 us-gaap Secured Debt
SecuredDebt
897888000 USD
CY2018Q3 us-gaap Secured Debt
SecuredDebt
861897000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1349000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1434000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P4Y
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
610919 shares
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
50.72
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
415119 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
5000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
54.78
CY2018Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
3691508 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y4M23D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y5M6D
us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
356452 shares
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
52.28
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
44.64
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
49.46
CY2018Q3 us-gaap Share Price
SharePrice
56.00
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
223750 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
245000 shares
us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
32740 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
29151 shares
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
18143000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2627000 USD
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
8172970 USD
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
5341971 USD
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
913320 shares
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1124169 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
52.80
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21844000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22432000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22290000 shares
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
334405000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
347233000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
393103000 USD
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
416799000 USD
CY2017Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
86000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
105000 shares
CY2018Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
69000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
46000 shares
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22028000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21949000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22501000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22336000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21942000 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, 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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