2016 Q1 Form 10-Q Financial Statement

#000091061216000118 Filed on May 10, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $263.1M $260.9M
YoY Change 0.83% -0.13%
Cost Of Revenue $76.20M $75.90M
YoY Change 0.4% -2.06%
Gross Profit $186.9M $185.0M
YoY Change 1.03% 0.71%
Gross Profit Margin 71.04% 70.91%
Selling, General & Admin $17.20M $17.20M
YoY Change 0.0% 16.22%
% of Gross Profit 9.2% 9.3%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $76.51M $76.27M
YoY Change 0.31% 10.4%
% of Gross Profit 40.93% 41.22%
Operating Expenses $199.2M $175.9M
YoY Change 13.29% -4.97%
Operating Profit $63.83M $85.03M
YoY Change -24.93% 11.64%
Interest Expense $55.23M $59.16M
YoY Change -6.64% -2.23%
% of Operating Profit 86.53% 69.57%
Other Income/Expense, Net
YoY Change
Pretax Income $41.40M $52.30M
YoY Change -20.84% -19.17%
Income Tax -$537.0K -$916.0K
% Of Pretax Income -1.3% -1.75%
Net Earnings $40.07M $46.16M
YoY Change -13.19% -16.51%
Net Earnings / Revenue 15.23% 17.69%
Basic Earnings Per Share $0.17 $0.21
Diluted Earnings Per Share $0.17 $0.20
COMMON SHARES
Basic Shares Outstanding 170.7M shares 170.4M shares
Diluted Shares Outstanding 170.7M shares 170.5M shares

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $25.00M $38.00M
YoY Change -34.21% -32.38%
Cash & Equivalents $25.03M $37.98M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $93.80M $81.10M
Other Receivables $13.80M $21.40M
Total Short-Term Assets $132.6M $140.5M
YoY Change -5.62% -7.14%
LONG-TERM ASSETS
Property, Plant & Equipment $5.731B $5.899B
YoY Change -2.85% -1.89%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $294.1M $281.0M
YoY Change 4.66% 1.54%
Other Assets $18.70M
YoY Change
Total Long-Term Assets $6.251B $6.403B
YoY Change -2.37% -2.28%
TOTAL ASSETS
Total Short-Term Assets $132.6M $140.5M
Total Long-Term Assets $6.251B $6.403B
Total Assets $6.384B $6.544B
YoY Change -2.44% -2.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $299.7M $315.0M
YoY Change -4.86% 2.97%
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 $299.7M $315.0M
YoY Change -4.86% 2.97%
LONG-TERM LIABILITIES
Long-Term Debt $4.684B $4.670B
YoY Change 0.3% -2.71%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $4.684B $4.670B
YoY Change 0.3% -2.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $299.7M $315.0M
Total Long-Term Liabilities $4.684B $4.670B
Total Liabilities $4.983B $4.985B
YoY Change -0.03% -2.37%
SHAREHOLDERS EQUITY
Retained Earnings -$705.4M -$577.0M
YoY Change 22.25% 1.51%
Common Stock $1.708M $1.705M
YoY Change 0.18% 0.12%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.266B $1.384B
YoY Change
Total Liabilities & Shareholders Equity $6.384B $6.544B
YoY Change -2.44% -2.39%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income $40.07M $46.16M
YoY Change -13.19% -16.51%
Depreciation, Depletion And Amortization $76.51M $76.27M
YoY Change 0.31% 10.4%
Cash From Operating Activities $85.78M $105.7M
YoY Change -18.87% 21.61%
INVESTING ACTIVITIES
Capital Expenditures -$34.30M -$43.30M
YoY Change -20.79% -18.46%
Acquisitions
YoY Change
Other Investing Activities $528.0K $3.336M
YoY Change -84.17% 96.0%
Cash From Investing Activities -$2.133M -$7.960M
YoY Change -73.2% -81.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $40.00K $52.00K
YoY Change -23.08% 48.57%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$95.51M -$97.73M
YoY Change -2.28% 82.86%
NET CHANGE
Cash From Operating Activities $85.78M $105.7M
Cash From Investing Activities -$2.133M -$7.960M
Cash From Financing Activities -$95.51M -$97.73M
Net Change In Cash -$11.86M $40.00K
YoY Change -29752.5% -100.43%
FREE CASH FLOW
Cash From Operating Activities $85.78M $105.7M
Capital Expenditures -$34.30M -$43.30M
Free Cash Flow $120.1M $149.0M
YoY Change -19.43% 6.42%

Facts In Submission

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CY2016Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4698621000 USD
CY2016Q1 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-153000 USD
CY2015Q1 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
507000 USD
CY2016Q1 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
99000 USD
CY2015Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
16059000 USD
CY2016Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
2012000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
672000 USD
CY2015Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
76266000 USD
CY2016Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
76506000 USD
CY2015Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
76266000 USD
CY2016Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
76506000 USD
CY2015Q4 us-gaap Development In Process
DevelopmentInProcess
75991000 USD
CY2016Q1 us-gaap Development In Process
DevelopmentInProcess
87576000 USD
CY2015Q1 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
38904000 USD
CY2016Q1 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
38628000 USD
CY2015Q1 us-gaap Dividends Common Stock
DividendsCommonStock
45180000 USD
CY2016Q1 us-gaap Dividends Common Stock
DividendsCommonStock
45261000 USD
CY2015Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
54491000 USD
CY2016Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
54569000 USD
CY2015Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
11223000 USD
CY2016Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
11223000 USD
CY2016Q1 us-gaap Equity Method Investment Summarized Financial Information Minority Interest
EquityMethodInvestmentSummarizedFinancialInformationMinorityInterest
204137000 USD
CY2015Q1 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
6038000 USD
CY2016Q1 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
91328000 USD
CY2015Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.21
CY2016Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.17
CY2015Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.20
CY2016Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.17
CY2015Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
79000 USD
CY2016Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
114000 USD
CY2016Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
9501000 USD
CY2016Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3Y3M20D
CY2015Q1 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
4538000 USD
CY2016Q1 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
4113000 USD
CY2015Q4 us-gaap Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
1908586000 USD
CY2016Q1 us-gaap Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
2043760000 USD
CY2015Q4 us-gaap Equity Method Investment Summarized Financial Information Equity
EquityMethodInvestmentSummarizedFinancialInformationEquity
310957000 USD
CY2016Q1 us-gaap Equity Method Investment Summarized Financial Information Equity
EquityMethodInvestmentSummarizedFinancialInformationEquity
428899000 USD
CY2015Q4 us-gaap Equity Method Investment Summarized Financial Information Equity Or Capital
EquityMethodInvestmentSummarizedFinancialInformationEquityOrCapital
184868000 USD
CY2016Q1 us-gaap Equity Method Investment Summarized Financial Information Equity Or Capital
EquityMethodInvestmentSummarizedFinancialInformationEquityOrCapital
224762000 USD
CY2015Q4 us-gaap Equity Method Investment Summarized Financial Information Liabilities
EquityMethodInvestmentSummarizedFinancialInformationLiabilities
1597629000 USD
CY2016Q1 us-gaap Equity Method Investment Summarized Financial Information Liabilities
EquityMethodInvestmentSummarizedFinancialInformationLiabilities
1614861000 USD
CY2015Q4 us-gaap Equity Method Investment Summarized Financial Information Liabilities And Equity
EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity
1908586000 USD
CY2016Q1 us-gaap Equity Method Investment Summarized Financial Information Liabilities And Equity
EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity
2043760000 USD
CY2015Q4 us-gaap Equity Method Investment Summarized Financial Information Minority Interest
EquityMethodInvestmentSummarizedFinancialInformationMinorityInterest
126089000 USD
CY2015Q1 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
62472000 USD
CY2016Q1 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
64204000 USD
CY2015Q4 us-gaap Equity Method Investments
EquityMethodInvestments
276383000 USD
CY2016Q1 us-gaap Equity Method Investments
EquityMethodInvestments
294062000 USD
CY2016Q1 us-gaap Fair Value Assumptions Expected Term
FairValueAssumptionsExpectedTerm
P10Y
CY2015Q1 us-gaap Gain Loss On Investments
GainLossOnInvestments
16560000 USD
CY2016Q1 us-gaap Gain Loss On Investments
GainLossOnInvestments
0 USD
CY2015Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2016Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
6000 USD
CY2015Q1 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
757000 USD
CY2016Q1 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0 USD
CY2015Q1 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
757000 USD
CY2016Q1 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
0 USD
CY2015Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
17230000 USD
CY2016Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
17168000 USD
CY2015Q4 us-gaap Guarantees Fair Value Disclosure
GuaranteesFairValueDisclosure
1196000 USD
CY2016Q1 us-gaap Guarantees Fair Value Disclosure
GuaranteesFairValueDisclosure
1196000 USD
CY2015Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2016Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
19685000 USD
CY2015Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
53205000 USD
CY2016Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
41892000 USD
CY2015Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3823000 USD
CY2016Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
32390000 USD
CY2015Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-916000 USD
CY2016Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-537000 USD
CY2015Q1 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-51000 USD
CY2016Q1 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
4458000 USD
CY2015Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-4388000 USD
CY2016Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-18557000 USD
CY2015Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
8692000 USD
CY2016Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
5115000 USD
CY2015Q1 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-4955000 USD
CY2016Q1 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
3133000 USD
CY2015Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
90000 shares
CY2016Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2015Q1 us-gaap Interest And Other Income
InterestAndOtherIncome
5274000 USD
CY2016Q1 us-gaap Interest And Other Income
InterestAndOtherIncome
360000 USD
CY2015Q1 us-gaap Interest Expense
InterestExpense
59157000 USD
CY2016Q1 us-gaap Interest Expense
InterestExpense
55231000 USD
CY2015Q1 us-gaap Interest Paid Net
InterestPaidNet
47874000 USD
CY2016Q1 us-gaap Interest Paid Net
InterestPaidNet
45115000 USD
CY2015Q4 us-gaap Interest Rate Derivative Liabilities At Fair Value
InterestRateDerivativeLiabilitiesAtFairValue
434000 USD
CY2016Q1 us-gaap Interest Rate Derivative Liabilities At Fair Value
InterestRateDerivativeLiabilitiesAtFairValue
0 USD
CY2015Q4 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
-434000 USD
CY2016Q1 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
0 USD
CY2015Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
7287862000 USD
CY2016Q1 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
7159509000 USD
CY2015Q4 us-gaap Land
Land
876668000 USD
CY2016Q1 us-gaap Land
Land
866890000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
5055062000 USD
CY2016Q1 us-gaap Liabilities
Liabilities
4983178000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6479991000 USD
CY2016Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6383928000 USD
CY2015Q4 us-gaap Long Term Debt
LongTermDebt
4710628000 USD
CY2016Q1 us-gaap Long Term Debt
LongTermDebt
4683487000 USD
CY2015Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
4945622000 USD
CY2016Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
4980818000 USD
CY2016Q1 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
1892341000 USD
CY2016Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
578204000 USD
CY2016Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
568176000 USD
CY2016Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
149086000 USD
CY2016Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
681207000 USD
CY2016Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
829607000 USD
CY2015Q4 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
3485308000 USD
CY2016Q1 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
3466259000 USD
CY2015Q4 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
1241379000 USD
CY2016Q1 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
1232515000 USD
CY2015Q4 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.0454
CY2016Q1 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.0456
CY2015Q4 us-gaap Malpractice Loss Contingency Letters Of Credit And Surety Bonds
MalpracticeLossContingencyLettersOfCreditAndSuretyBonds
16452000 USD
CY2016Q1 us-gaap Malpractice Loss Contingency Letters Of Credit And Surety Bonds
MalpracticeLossContingencyLettersOfCreditAndSuretyBonds
18071000 USD
CY2015Q1 us-gaap Management Fees Revenue
ManagementFeesRevenue
2778000 USD
CY2016Q1 us-gaap Management Fees Revenue
ManagementFeesRevenue
2581000 USD
CY2015Q4 us-gaap Minority Interest
MinorityInterest
114629000 USD
CY2016Q1 us-gaap Minority Interest
MinorityInterest
113713000 USD
CY2015Q1 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-147000 USD
CY2016Q1 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-592000 USD
CY2015Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
9276000 USD
CY2016Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
9528000 USD
CY2015Q1 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
286000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-97734000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-95505000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-7960000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2133000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
105734000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
85777000 USD
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
46164000 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
40074000 USD
CY2015Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
869000 USD
CY2016Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-3127000 USD
CY2015Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
34941000 USD
CY2016Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
28851000 USD
CY2015Q1 us-gaap Noncash Project Abandonment Costs
NoncashProjectAbandonmentCosts
125000 USD
CY2016Q1 us-gaap Noncash Project Abandonment Costs
NoncashProjectAbandonmentCosts
1000 USD
CY2015Q4 us-gaap Notes Receivable Net
NotesReceivableNet
18238000 USD
CY2016Q1 us-gaap Notes Receivable Net
NotesReceivableNet
20491000 USD
CY2016Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
130 property
CY2016Q1 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
27 state
CY2015Q1 us-gaap Operating Expenses
OperatingExpenses
175877000 USD
CY2016Q1 us-gaap Operating Expenses
OperatingExpenses
199248000 USD
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
85032000 USD
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
63830000 USD
CY2015Q1 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
169081000 USD
CY2016Q1 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
170629000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
16560000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-15576000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
431000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
16560000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
0 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
523000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
443000 USD
CY2015Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
883000 USD
CY2016Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
877000 USD
CY2015Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
242000 USD
CY2016Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0 USD
CY2015Q1 us-gaap Other General Expense
OtherGeneralExpense
6476000 USD
CY2016Q1 us-gaap Other General Expense
OtherGeneralExpense
9685000 USD
CY2015Q1 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
7609000 USD
CY2016Q1 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
6767000 USD
CY2015Q4 us-gaap Other Receivables
OtherReceivables
17958000 USD
CY2016Q1 us-gaap Other Receivables
OtherReceivables
13842000 USD
CY2015Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
67241000 USD
CY2016Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
51146000 USD
CY2015Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
3336000 USD
CY2016Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
528000 USD
CY2015Q1 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
10925000 USD
CY2016Q1 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
11662000 USD
CY2015Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
45119000 USD
CY2016Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
45181000 USD
CY2015Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
11223000 USD
CY2016Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
11223000 USD
CY2015Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
120000 USD
CY2016Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
79000 USD
CY2015Q1 us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
43324000 USD
CY2016Q1 us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
34304000 USD
CY2015Q1 us-gaap Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
286000 USD
CY2016Q1 us-gaap Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
0 USD
CY2015Q1 us-gaap Payments To Acquire Mortgage Notes Receivable
PaymentsToAcquireMortgageNotesReceivable
0 USD
CY2016Q1 us-gaap Payments To Acquire Mortgage Notes Receivable
PaymentsToAcquireMortgageNotesReceivable
2484000 USD
CY2015Q1 us-gaap Percentage Rent
PercentageRent
4137000 USD
CY2016Q1 us-gaap Percentage Rent
PercentageRent
4673000 USD
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2016Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
15000000 shares
CY2016Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
15000000 shares
CY2015Q1 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
-31000 USD
CY2016Q1 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
0 USD
CY2015Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
52000 USD
CY2016Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
40000 USD
CY2015Q1 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
82133000 USD
CY2016Q1 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
90702000 USD
CY2015Q1 us-gaap Proceeds From Sale And Collection Of Mortgage Notes Receivable
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
202000 USD
CY2016Q1 us-gaap Proceeds From Sale And Collection Of Mortgage Notes Receivable
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
231000 USD
CY2015Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
20755000 USD
CY2016Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
0 USD
CY2015 us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
103537000 USD
CY2015Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
11261000 USD
CY2016Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
33425000 USD
CY2015Q1 us-gaap Profit Loss
ProfitLoss
53205000 USD
CY2016Q1 us-gaap Profit Loss
ProfitLoss
41892000 USD
CY2015Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1372000 USD
CY2016Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2104000 USD
CY2015Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
0 USD
CY2016Q1 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
18721000 USD
CY2015Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
2382568000 USD
CY2016Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
2383153000 USD
CY2015Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
8164530000 USD
CY2016Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
8026399000 USD
CY2015Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
5857953000 USD
CY2016Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
5749543000 USD
CY2015Q1 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
22785000 USD
CY2016Q1 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
23028000 USD
CY2015Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
112215000 USD
CY2016Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
118102000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-689028000 USD
CY2016Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-705438000 USD
CY2015Q1 us-gaap Revenues
Revenues
260909000 USD
CY2016Q1 us-gaap Revenues
Revenues
263078000 USD
CY2015 us-gaap Sales Of Real Estate
SalesOfRealEstate
104860000 USD
CY2015Q1 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2016Q1 us-gaap Share Based Compensation
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Recent Accounting Pronouncements</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;text-decoration:underline;">Accounting Guidance Adopted</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") ASU 2015-02, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Amendments to the Consolidation Analysis</font><font style="font-family:inherit;font-size:10pt;"> ("ASU 2015-02"). The guidance modified the evaluation of whether limited partnerships and similar legal entities are VIEs or voting interest entities, eliminated the presumption that a general partner should consolidate a limited partnership and affected the evaluation of fee arrangements and related party relationships in the primary beneficiary determination. For public companies, ASU 2015-02 was effective for annual periods beginning after December 15, 2015 and interim periods within those years using either a retrospective or a modified retrospective approach. The adoption of ASU 2015-02 resulted in the identification of several VIEs as discussed in </font><a style="font-family:inherit;font-size:10pt;" href="#s4B500A6CD19F5EBD82F7562A2A69690B"><font style="font-family:inherit;font-size:10pt;">Note 5</font></a><font style="font-family:inherit;font-size:10pt;"> but did not alter any of the Company's consolidation conclusions. The adoption of the guidance did not have an impact on the Company's consolidated financial statements other than the additional disclosures that were noted. &#160;&#160;&#160;&#160; </font></div><div style="line-height:120%;padding-top:6px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;text-decoration:underline;">Accounting Guidance Not Yet Effective</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2016, the FASB issued ASU 2016-09, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Improvements to Employee Share-Based Payment Accounting</font><font style="font-family:inherit;font-size:10pt;"> ("ASU&#160;2016-09"). ASU 2016-09 identifies areas for simplification of accounting for share-based payment transactions, including income tax consequences, classification of awards as either equity or liabilities, an option to recognize gross stock compensation expense with actual forfeitures recognized as they occur, as well as certain classifications on the statement of cash flows. For public companies, ASU 2016-09 is effective for fiscal years beginning after December 15, 2016 including interim periods within that reporting period and may be applied on a modified retrospective basis as a cumulative-effect adjustment to retained earnings as of the date of adoption. Early adoption is permitted. The Company expects to adopt ASU 2016-09 as of January 1, 2017 and is currently assessing the potential impact of adopting the new guidance.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued ASU 2016-02, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Leases</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">("</font><font style="font-family:inherit;font-size:10pt;">ASU 2016-02"). The objective of ASU 2016-02 is to increase transparency and comparability by recognizing lease assets and liabilities on the balance sheet and disclosing key information about leasing arrangements. Under ASU 2016-02, lessees will be required to recognize a right-of-use asset and corresponding lease liability on the balance sheet for all leases with terms greater than 12 months. The guidance applied by a lessor under ASU&#160;2016-02 is substantially similar to existing GAAP. For public companies, ASU 2016-02 is effective for annual periods beginning after December 15, 2018 and interim periods within those years. Early adoption is permitted. Lessees and lessors are required to use a modified retrospective transition method for all leases existing at, or entered into after, the date of initial application. Accordingly, they would apply the new accounting model for the earliest year presented in the financial statements. A number of practical expedients may also be elected. The Company expects to adopt ASU 2016-02 as of January 1, 2019 and is evaluating the impact that this update may have on its consolidated financial statements and related disclosures.&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the FASB and the International Accounting Standards Board jointly issued ASU 2014-09, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers</font><font style="font-family:inherit;font-size:10pt;"> ("ASU 2014-09"). The objective of this converged standard is to enable financial statement users to better understand and analyze revenue by replacing current transaction and industry-specific guidance with a more principles-based approach to revenue recognition. The core principle of ASU 2014-09 is that an entity should recognize revenue to depict the transfer of goods or services to customers in an amount that the entity expects to be entitled to receive in exchange for those goods or services. The guidance also requires additional disclosure about the nature, timing and uncertainty of revenue and cash flows arising from customer contracts. ASU 2014-09 applies to all contracts with customers except those that are within the scope of other guidance such as lease and insurance contracts. In August 2015, the FASB issued ASU 2015-14, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers - Deferral of the Effective Date</font><font style="font-family:inherit;font-size:10pt;">, which allows an additional one year deferral of ASU 2014-09. As a result, ASU&#160;2014-09 is effective for annual periods beginning after December 15, 2017 and interim periods within those years using one of two retrospective application methods. Early adoption would be permitted only for annual reporting periods beginning after December 15, 2016 and interim periods within those years. In March 2016, the FASB issued ASU 2016-08, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers - Principal versus Agent Considerations (Reporting Revenue Gross versus Net) </font><font style="font-family:inherit;font-size:10pt;">("ASU 2016-08")</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">. </font><font style="font-family:inherit;font-size:10pt;">The guidance in ASU 2016-08 clarifies the implementation of ASU 2014-09 on principal versus agent consideration</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">and has the same effective date as ASU 2014-09, as deferred by ASU 2015-14. The Company is evaluating the impact that these updates may have on its consolidated financial statements.</font></div></div>

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