$CBL
CBL & ASSOCIATES PROPERTIES INC Stock $cbl

$cbl Overview Financials Valuation SEC Filings Company Website

2017 Q2 Form 10-Q Financial Statement

#000091061217000034 Filed on May 10, 2017

Income Statement

Concept	2017 Q2	2017 Q1	2016 Q1
Revenue	$229.2M	$238.0M	$263.1M
YoY Change	-10.09%	-9.53%	0.83%
Cost Of Revenue	$60.40M	$70.30M	$76.20M
YoY Change	-8.07%	-7.74%	0.4%
Gross Profit	$168.8M	$167.7M	$186.9M
YoY Change	-10.83%	-10.27%	1.03%
Gross Profit Margin	73.64%	70.46%	71.04%
Selling, General & Admin	$15.80M	$16.10M	$17.20M
YoY Change	-4.24%	-6.4%	0.0%
% of Gross Profit	9.36%	9.6%	9.2%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$82.51M	$71.22M	$76.51M
YoY Change	14.27%	-6.91%	0.31%
% of Gross Profit	48.88%	42.47%	40.93%
Operating Expenses	$206.9M	$160.9M	$199.2M
YoY Change	1.98%	-19.24%	13.29%
Operating Profit	$22.31M	$77.10M	$63.83M
YoY Change	-57.15%	20.79%	-24.93%
Interest Expense	$55.07M	$56.20M	$55.23M
YoY Change	3.53%	1.76%	-6.64%
% of Operating Profit	246.86%	72.89%	86.53%
Other Income/Expense, Net
YoY Change
Pretax Income	$67.70M	$37.70M	$41.40M
YoY Change	-7.26%	-8.94%	-20.84%
Income Tax	-$2.920M	-$800.0K	-$537.0K
% Of Pretax Income	-4.31%	-2.12%	-1.3%
Net Earnings	$41.40M	$34.12M	$40.07M
YoY Change	-34.21%	-14.87%	-13.19%
Net Earnings / Revenue	18.06%	14.33%	15.23%
Basic Earnings Per Share	$0.18	$0.13	$0.17
Diluted Earnings Per Share	$0.18	$0.13	$0.17
COMMON SHARES
Basic Shares Outstanding	171.1M shares	171.1M shares	170.7M shares
Diluted Shares Outstanding			170.7M shares

Balance Sheet

Concept	2017 Q2	2017 Q1	2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$29.60M	$27.60M	$25.00M
YoY Change	40.28%	10.4%	-34.21%
Cash & Equivalents	$29.62M	$27.55M	$25.03M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables	$84.50M	$90.50M	$93.80M
Other Receivables	$7.700M	$11.50M	$13.80M
Total Short-Term Assets	$121.8M	$129.6M	$132.6M
YoY Change	-11.55%	-2.26%	-5.62%
LONG-TERM ASSETS
Property, Plant & Equipment	$5.226B	$5.524B	$5.731B
YoY Change	-6.65%	-3.61%	-2.85%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$254.5M	$262.2M	$294.1M
YoY Change	-7.48%	-10.83%	4.66%
Other Assets	$0.00	$0.00	$18.70M
YoY Change	-100.0%	-100.0%
Total Long-Term Assets	$5.687B	$5.997B	$6.251B
YoY Change	-7.42%	-4.08%	-2.37%
TOTAL ASSETS
Total Short-Term Assets	$121.8M	$129.6M	$132.6M
Total Long-Term Assets	$5.687B	$5.997B	$6.251B
Total Assets	$5.808B	$6.126B	$6.384B
YoY Change	-7.51%	-4.04%	-2.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$244.5M	$273.7M	$299.7M
YoY Change	-13.97%	-8.68%	-4.86%
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	$244.5M	$273.7M	$299.7M
YoY Change	-13.97%	-8.68%	-4.86%
LONG-TERM LIABILITIES
Long-Term Debt	$4.249B	$4.523B	$4.684B
YoY Change	-6.41%	-3.44%	0.3%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$4.249B	$4.523B	$4.684B
YoY Change	-7.19%	-3.44%	0.3%
TOTAL LIABILITIES
Total Short-Term Liabilities	$244.5M	$273.7M	$299.7M
Total Long-Term Liabilities	$4.249B	$4.523B	$4.684B
Total Liabilities	$4.494B	$4.796B	$4.983B
YoY Change	-7.59%	-3.75%	-0.03%
SHAREHOLDERS EQUITY
Retained Earnings	-$779.7M	-$764.5M	-$705.4M
YoY Change	11.54%	8.38%	22.25%
Common Stock	$1.711M	$1.711M	$1.708M
YoY Change	0.18%	0.18%	0.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.194B	$1.208B	$1.266B
YoY Change
Total Liabilities & Shareholders Equity	$5.808B	$6.126B	$6.384B
YoY Change	-7.51%	-4.04%	-2.44%

Cashflow Statement

Concept	2017 Q2	2017 Q1	2016 Q1
OPERATING ACTIVITIES
Net Income	$41.40M	$34.12M	$40.07M
YoY Change	-34.21%	-14.87%	-13.19%
Depreciation, Depletion And Amortization	$82.51M	$71.22M	$76.51M
YoY Change	14.27%	-6.91%	0.31%
Cash From Operating Activities	$100.4M	$104.9M	$85.78M
YoY Change	-21.81%	22.27%	-18.87%
INVESTING ACTIVITIES
Capital Expenditures	-$42.00M	-$131.3M	-$34.30M
YoY Change	-39.13%	282.8%	-20.79%
Acquisitions
YoY Change
Other Investing Activities	$179.7M	$7.749M	$528.0K
YoY Change	80.6%	1367.61%	-84.17%
Cash From Investing Activities	$137.7M	-$119.7M	-$2.133M
YoY Change	351.48%	5512.47%	-73.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net		$49.00K	$40.00K
YoY Change		22.5%	-23.08%
Debt Paid & Issued, Net		$159.7M
YoY Change
Cash From Financing Activities	-234.9M	$23.16M	-$95.51M
YoY Change	44.29%	-124.25%	-2.28%
NET CHANGE
Cash From Operating Activities	100.4M	$104.9M	$85.78M
Cash From Investing Activities	137.7M	-$119.7M	-$2.133M
Cash From Financing Activities	-234.9M	$23.16M	-$95.51M
Net Change In Cash	3.200M	$8.325M	-$11.86M
YoY Change	-182.05%	-170.19%	-29752.5%
FREE CASH FLOW
Cash From Operating Activities	$100.4M	$104.9M	$85.78M
Capital Expenditures	-$42.00M	-$131.3M	-$34.30M
Free Cash Flow	$142.4M	$236.2M	$120.1M
YoY Change	-27.86%	96.69%	-19.43%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2016Q1	cbl	Additions To Real Estate Assets Accrued But Not Yet Paid AdditionsToRealEstateAssetsAccruedButNotYetPaid	5326000	USD
CY2017Q1	cbl	Additions To Real Estate Assets Accrued But Not Yet Paid AdditionsToRealEstateAssetsAccruedButNotYetPaid	14513000	USD
CY2016Q1	cbl	Adjustmentsto Additional Paidin Capital Noncontrolling Interest Other AdjustmentstoAdditionalPaidinCapitalNoncontrollingInterestOther	-287000	USD
CY2017Q1	cbl	Adjustmentsto Additional Paidin Capital Noncontrolling Interest Other AdjustmentstoAdditionalPaidinCapitalNoncontrollingInterestOther	-730000	USD
CY2016Q1	cbl	Amortization Of Deferred Compensation AmortizationOfDeferredCompensation	1254000	USD
CY2017Q1	cbl	Amortization Of Deferred Compensation AmortizationOfDeferredCompensation	1246000	USD
CY2017Q1	cbl	Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Improvements BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedImprovements	4611000	USD
CY2017Q1	cbl	Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Noncurrent Assets Above Market Leases BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedNoncurrentAssetsAboveMarketLeases	681000	USD
CY2017Q1	cbl	Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Noncurrent Assets In Place Leases BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedNoncurrentAssetsInPlaceLeases	8943000	USD
CY2017Q1	cbl	Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Noncurrent Below Market Leases BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedNoncurrentBelowMarketLeases	878000	USD
CY2013Q1	cbl	Commission To Sales Agent Percent CommissionToSalesAgentPercent	0.02
CY2013Q1	cbl	Common Stock Offering Maximum Aggregate Price CommonStockOfferingMaximumAggregatePrice	300000000	USD
CY2017Q1	cbl	Common Stock Offering Maximum Aggregate Price Still Available CommonStockOfferingMaximumAggregatePriceStillAvailable	88507000	USD
CY2015	cbl	Debt Instrument Weighted Average Remaining Termto Maturity DebtInstrumentWeightedAverageRemainingTermtoMaturity	P4Y4M24D
CY2017Q1	cbl	Debt Instrument Weighted Average Remaining Termto Maturity DebtInstrumentWeightedAverageRemainingTermtoMaturity	P4Y3M
CY2016Q1	cbl	Distributions In Excess Of Equity In Earnings Of Unconsolidated Affiliates DistributionsInExcessOfEquityInEarningsOfUnconsolidatedAffiliates	9023000	USD
CY2017Q1	cbl	Distributions In Excess Of Equity In Earnings Of Unconsolidated Affiliates DistributionsInExcessOfEquityInEarningsOfUnconsolidatedAffiliates	7907000	USD
CY2017Q1	cbl	Environmental Liability Insurance Annual Coverage Limit. EnvironmentalLiabilityInsuranceAnnualCoverageLimit.	50000000	USD
CY2017Q1	cbl	Environmental Liability Insurance Maximum Coverage Per Incident EnvironmentalLiabilityInsuranceMaximumCoveragePerIncident	10000000	USD
CY2016Q4	cbl	Equity Method Investment Accounts Payableand Accrued Liabilities EquityMethodInvestmentAccountsPayableandAccruedLiabilities	46160000	USD
CY2017Q1	cbl	Equity Method Investment Accounts Payableand Accrued Liabilities EquityMethodInvestmentAccountsPayableandAccruedLiabilities	41864000	USD
CY2016Q4	cbl	Equity Method Investment Debt And Capital Lease Obligations EquityMethodInvestmentDebtAndCapitalLeaseObligations	1266046000	USD
CY2017Q1	cbl	Equity Method Investment Debt And Capital Lease Obligations EquityMethodInvestmentDebtAndCapitalLeaseObligations	1260645000	USD
CY2016Q4	cbl	Equity Method Investment Development In Process EquityMethodInvestmentDevelopmentInProcess	9210000	USD
CY2017Q1	cbl	Equity Method Investment Development In Process EquityMethodInvestmentDevelopmentInProcess	11182000	USD
CY2016Q1	cbl	Equity Method Investment Income Lossfrom Continuing Operations Including Portion Attributableto Noncontrolling Interest Before Gain On Sale Of Real Estate Assets EquityMethodInvestmentIncomeLossfromContinuingOperationsIncludingPortionAttributabletoNoncontrollingInterestBeforeGainOnSaleOfRealEstateAssets	10369000	USD
CY2017Q1	cbl	Equity Method Investment Income Lossfrom Continuing Operations Including Portion Attributableto Noncontrolling Interest Before Gain On Sale Of Real Estate Assets EquityMethodInvestmentIncomeLossfromContinuingOperationsIncludingPortionAttributabletoNoncontrollingInterestBeforeGainOnSaleOfRealEstateAssets	7884000	USD
CY2016Q4	cbl	Equity Method Investment Intangible Lease And Other Assets EquityMethodInvestmentIntangibleLeaseAndOtherAssets	223347000	USD
CY2017Q1	cbl	Equity Method Investment Intangible Lease And Other Assets EquityMethodInvestmentIntangibleLeaseAndOtherAssets	212682000	USD
CY2016Q4	cbl	Equity Method Investment Real Estate Investment Property Accumulated Depreciation EquityMethodInvestmentRealEstateInvestmentPropertyAccumulatedDepreciation	564612000	USD
CY2017Q1	cbl	Equity Method Investment Real Estate Investment Property Accumulated Depreciation EquityMethodInvestmentRealEstateInvestmentPropertyAccumulatedDepreciation	580084000	USD
CY2016Q4	cbl	Equity Method Investment Real Estate Investment Property At Cost EquityMethodInvestmentRealEstateInvestmentPropertyAtCost	2137666000	USD
CY2017Q1	cbl	Equity Method Investment Real Estate Investment Property At Cost EquityMethodInvestmentRealEstateInvestmentPropertyAtCost	2142570000	USD
CY2016Q4	cbl	Equity Method Investment Real Estate Investment Property Net EquityMethodInvestmentRealEstateInvestmentPropertyNet	1582264000	USD
CY2017Q1	cbl	Equity Method Investment Real Estate Investment Property Net EquityMethodInvestmentRealEstateInvestmentPropertyNet	1573668000	USD
CY2016Q4	cbl	Equity Method Investment Real Estate Investment Property Net Before Development In Process EquityMethodInvestmentRealEstateInvestmentPropertyNetBeforeDevelopmentInProcess	1573054000	USD
CY2017Q1	cbl	Equity Method Investment Real Estate Investment Property Net Before Development In Process EquityMethodInvestmentRealEstateInvestmentPropertyNetBeforeDevelopmentInProcess	1562486000	USD
CY2016Q1	cbl	Equity Method Investment Summarized Financial Information Depreciation And Amortization Expense EquityMethodInvestmentSummarizedFinancialInformationDepreciationAndAmortizationExpense	20610000	USD
CY2017Q1	cbl	Equity Method Investment Summarized Financial Information Depreciation And Amortization Expense EquityMethodInvestmentSummarizedFinancialInformationDepreciationAndAmortizationExpense	20629000	USD
CY2016Q1	cbl	Equity Method Investment Summarized Financial Information Gains Losses On Sales Of Investment Real Estate EquityMethodInvestmentSummarizedFinancialInformationGainsLossesOnSalesOfInvestmentRealEstate	80959000	USD
CY2017Q1	cbl	Equity Method Investment Summarized Financial Information Gains Losses On Sales Of Investment Real Estate EquityMethodInvestmentSummarizedFinancialInformationGainsLossesOnSalesOfInvestmentRealEstate	-71000	USD
CY2016Q1	cbl	Equity Method Investment Summarized Financial Information Interest Expenses EquityMethodInvestmentSummarizedFinancialInformationInterestExpenses	13489000	USD
CY2017Q1	cbl	Equity Method Investment Summarized Financial Information Interest Expenses EquityMethodInvestmentSummarizedFinancialInformationInterestExpenses	12838000	USD
CY2016Q1	cbl	Equity Method Investment Summarized Financial Information Interest Income EquityMethodInvestmentSummarizedFinancialInformationInterestIncome	336000	USD
CY2017Q1	cbl	Equity Method Investment Summarized Financial Information Interest Income EquityMethodInvestmentSummarizedFinancialInformationInterestIncome	400000	USD
CY2017Q1	cbl	Income Lossfrom Continuing Operations Including Portion Attributableto Noncontrolling Interest Before Gain On Sale Of Real Estate Assets IncomeLossfromContinuingOperationsIncludingPortionAttributabletoNoncontrollingInterestBeforeGainOnSaleOfRealEstateAssets	32530000	USD
CY2016Q4	cbl	Intangible Lease And Other Assets IntangibleLeaseAndOtherAssets	180572000	USD
CY2017Q1	cbl	Intangible Lease And Other Assets IntangibleLeaseAndOtherAssets	194005000	USD
CY2016Q4	cbl	Long Term Debt Net Excluding Deferred Financing Costs LongTermDebtNetExcludingDeferredFinancingCosts	4483149000	USD
CY2017Q1	cbl	Numberof Storeswith Impairment NumberofStoreswithImpairment	1	outparcel
CY2016Q1	cbl	Other Comprehensive Income Loss Netof Tax Including Portion Attributableto Noncontrollingand Redeemable Noncontrolling Interest OtherComprehensiveIncomeLossNetofTaxIncludingPortionAttributabletoNoncontrollingandRedeemableNoncontrollingInterest	434000	USD
CY2017Q1	cbl	Other Comprehensive Income Loss Netof Tax Including Portion Attributableto Noncontrollingand Redeemable Noncontrolling Interest OtherComprehensiveIncomeLossNetofTaxIncludingPortionAttributabletoNoncontrollingandRedeemableNoncontrollingInterest	0	USD
CY2016Q1	cbl	Equity Method Investment Summarized Financial Information Other Operating Expenses EquityMethodInvestmentSummarizedFinancialInformationOtherOperatingExpenses	20072000	USD
CY2017Q1	cbl	Equity Method Investment Summarized Financial Information Other Operating Expenses EquityMethodInvestmentSummarizedFinancialInformationOtherOperatingExpenses	18748000	USD
CY2016Q1	cbl	Income Lossfrom Continuing Operations Including Portion Attributableto Noncontrolling Interest Before Gain On Sale Of Real Estate Assets IncomeLossfromContinuingOperationsIncludingPortionAttributabletoNoncontrollingInterestBeforeGainOnSaleOfRealEstateAssets	41892000	USD
CY2017Q1	cbl	Long Term Debt Net Excluding Deferred Financing Costs LongTermDebtNetExcludingDeferredFinancingCosts	4539463000	USD
CY2016Q1	cbl	Net Difference Of Investment In Unconsolidated Affiliates And Equity Of Unconsolidated Affiliates NetDifferenceOfInvestmentInUnconsolidatedAffiliatesAndEquityOfUnconsolidatedAffiliates	4363000	USD
CY2017Q1	cbl	Net Difference Of Investment In Unconsolidated Affiliates And Equity Of Unconsolidated Affiliates NetDifferenceOfInvestmentInUnconsolidatedAffiliatesAndEquityOfUnconsolidatedAffiliates	2723000	USD
CY2016Q1	cbl	Net Income Loss Attributable To Noncontrolling And Redeemable Noncontrolling Interest In Operating Partnership NetIncomeLossAttributableToNoncontrollingAndRedeemableNoncontrollingInterestInOperatingPartnership	5008000	USD
CY2017Q1	cbl	Net Income Loss Attributable To Noncontrolling And Redeemable Noncontrolling Interest In Operating Partnership NetIncomeLossAttributableToNoncontrollingAndRedeemableNoncontrollingInterestInOperatingPartnership	3690000	USD
CY2016Q1	cbl	Net Income Loss Excluding Amount Recognized In Temporary Equity NetIncomeLossExcludingAmountRecognizedInTemporaryEquity	45117000	USD
CY2017Q1	cbl	Net Income Loss Excluding Amount Recognized In Temporary Equity NetIncomeLossExcludingAmountRecognizedInTemporaryEquity	38314000	USD
CY2016Q1	cbl	Netincomelossattributabletononcontrollingnoncontrollinginterestinoperatingpartnership Netincomelossattributabletononcontrollingnoncontrollinginterestinoperatingpartnership	4945000	USD
CY2017Q1	cbl	Netincomelossattributabletononcontrollingnoncontrollinginterestinoperatingpartnership Netincomelossattributabletononcontrollingnoncontrollinginterestinoperatingpartnership	3690000	USD
CY2017Q1	cbl	Number Of Associated Centers Owned NumberOfAssociatedCentersOwned	23	associated_center
CY2017Q1	cbl	Number Of Community Centers Owned NumberOfCommunityCentersOwned	9	community_center
CY2017Q1	cbl	Number Of Entities Equity Method Of Accounting NumberOfEntitiesEquityMethodOfAccounting	17	entity
CY2017Q1	cbl	Number Of Office Buildings Owned NumberOfOfficeBuildingsOwned	5	office_building
CY2017Q1	cbl	Number Of Regional Malls Open Air Centers Owned NumberOfRegionalMallsOpenAirCentersOwned	73	mall
CY2017Q1	cbl	Numberof Sharebased Compensation Plans NumberofSharebasedCompensationPlans	2	plan
CY2016Q1	cbl	Other Rents OtherRents	5062000	USD
CY2017Q1	cbl	Other Rents OtherRents	3652000	USD
CY2017Q1	cbl	Percentage Of Assignment Of Partnership Interest PercentageOfAssignmentOfPartnershipInterest	1
CY2017Q1	cbl	Percentage Of Taxable Income Required To Be Distributed To Shareholders PercentageOfTaxableIncomeRequiredToBeDistributedToShareholders	0.9
CY2016Q1	cbl	Property Operating Expenses By Segment PropertyOperatingExpensesBySegment	76204000	USD
CY2017Q1	cbl	Property Operating Expenses By Segment PropertyOperatingExpensesBySegment	70349000	USD
CY2016Q4	cbl	Real Estate Investment Property Net Before Development In Process RealEstateInvestmentPropertyNetBeforeDevelopmentInProcess	5336323000	USD
CY2017Q1	cbl	Real Estate Investment Property Net Before Development In Process RealEstateInvestmentPropertyNetBeforeDevelopmentInProcess	5338796000	USD
CY2016Q1	cbl	Segment Profit Loss SegmentProfitLoss	121958000	USD
CY2017Q1	cbl	Segment Profit Loss SegmentProfitLoss	117451000	USD
CY2016Q1	cbl	Stock Issued During Period Value Common Stockand Restricted Stock Award Gross StockIssuedDuringPeriodValueCommonStockandRestrictedStockAwardGross	342000	USD
CY2017Q1	cbl	Stock Issued During Period Value Common Stockand Restricted Stock Award Gross StockIssuedDuringPeriodValueCommonStockandRestrictedStockAwardGross	374000	USD
CY2017Q1	dei	Amendment Flag AmendmentFlag	false
CY2017Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2017Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2017Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
CY2017Q1	dei	Document Period End Date DocumentPeriodEndDate	2017-03-31
CY2017Q1	dei	Document Type DocumentType	10-Q
CY2017Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000910612
CY2017Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	171096104	shares
CY2017Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2017Q1	dei	Entity Registrant Name EntityRegistrantName	CBL & ASSOCIATES PROPERTIES INC
CY2016Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	280498000	USD
CY2017Q1	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	273745000	USD
CY2016Q4	us-gaap	Accounts Receivable Net AccountsReceivableNet	94676000	USD
CY2017Q1	us-gaap	Accounts Receivable Net AccountsReceivableNet	90485000	USD
CY2016Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	1969059000	USD
CY2017Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	1971155000	USD
CY2016Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Other Longterm Incentive Plans Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition	258000	USD
CY2017Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Other Longterm Incentive Plans Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition	344000	USD
CY2016Q4	us-gaap	Allowance For Doubtful Accounts Premiums And Other Receivables AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables	1910000	USD
CY2017Q1	us-gaap	Allowance For Doubtful Accounts Premiums And Other Receivables AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables	1875000	USD
CY2016Q4	us-gaap	Allowance For Doubtful Other Receivables Current AllowanceForDoubtfulOtherReceivablesCurrent	838000	USD
CY2017Q1	us-gaap	Allowance For Doubtful Other Receivables Current AllowanceForDoubtfulOtherReceivablesCurrent	838000	USD
CY2016Q1	us-gaap	Amortization Of Above And Below Market Leases AmortizationOfAboveAndBelowMarketLeases	-622000	USD
CY2017Q1	us-gaap	Amortization Of Above And Below Market Leases AmortizationOfAboveAndBelowMarketLeases	-748000	USD
CY2016Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	717000	USD
CY2017Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	1113000	USD
CY2016Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	0	shares
CY2017Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	0	shares
CY2016Q4	us-gaap	Assets Assets	6104640000	USD
CY2017Q1	us-gaap	Assets Assets	6126149000	USD
CY2017Q1	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets	80677000	USD
CY2017Q1	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Buildings BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings	16779000	USD
CY2017Q1	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Land BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand	49663000	USD
CY2017Q1	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet	79799000	USD
CY2015Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	36892000	USD
CY2016Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	25031000	USD
CY2016Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	18951000	USD
CY2017Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	27553000	USD
CY2016Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-11861000	USD
CY2017Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	8602000	USD
CY2016Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2017Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2016Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.265
CY2017Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.265
CY2016Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2017Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2016Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	350000000	shares
CY2017Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	350000000	shares
CY2016Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	170792645	shares
CY2017Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	171093900	shares
CY2016Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	170792645	shares
CY2017Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	171093900	shares
CY2016Q4	us-gaap	Common Stock Value CommonStockValue	1708000	USD
CY2017Q1	us-gaap	Common Stock Value CommonStockValue	1711000	USD
CY2016Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	40445000	USD
CY2017Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	34115000	USD
CY2016Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	42326000	USD
CY2017Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	38518000	USD
CY2016Q1	us-gaap	Cost Of Property Repairs And Maintenance CostOfPropertyRepairsAndMaintenance	14548000	USD
CY2017Q1	us-gaap	Cost Of Property Repairs And Maintenance CostOfPropertyRepairsAndMaintenance	13352000	USD
CY2016Q1	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	-636000	USD
CY2017Q1	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	-2408000	USD
CY2016Q1	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	1027000	USD
CY2017Q1	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	872000	USD
CY2016Q4	us-gaap	Debt And Capital Lease Obligations DebtAndCapitalLeaseObligations	4465294000	USD
CY2017Q1	us-gaap	Debt And Capital Lease Obligations DebtAndCapitalLeaseObligations	4522480000	USD
CY2017Q1	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	4389190000	USD
CY2017Q1	us-gaap	Debt Instrument Unamortized Discount Premium Net DebtInstrumentUnamortizedDiscountPremiumNet	7416000	USD
CY2016Q1	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	99000	USD
CY2017Q1	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	1608000	USD
CY2016Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	17855000	USD
CY2017Q1	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	16983000	USD
CY2016Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	99000	USD
CY2017Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	1608000	USD
CY2016Q4	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	5841000	USD
CY2017Q1	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	6641000	USD
CY2016Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	76506000	USD
CY2017Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	71220000	USD
CY2016Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	76506000	USD
CY2017Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	71220000	USD
CY2016Q4	us-gaap	Development In Process DevelopmentInProcess	178355000	USD
CY2017Q1	us-gaap	Development In Process DevelopmentInProcess	185228000	USD
CY2016Q1	us-gaap	Direct Costs Of Leased And Rented Property Or Equipment DirectCostsOfLeasedAndRentedPropertyOrEquipment	38628000	USD
CY2017Q1	us-gaap	Direct Costs Of Leased And Rented Property Or Equipment DirectCostsOfLeasedAndRentedPropertyOrEquipment	34914000	USD
CY2016Q1	us-gaap	Dividends Common Stock DividendsCommonStock	45261000	USD
CY2017Q1	us-gaap	Dividends Common Stock DividendsCommonStock	45338000	USD
CY2016Q1	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	54569000	USD
CY2017Q1	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	54394000	USD
CY2016Q1	us-gaap	Dividends Preferred Stock DividendsPreferredStock	11223000	USD
CY2017Q1	us-gaap	Dividends Preferred Stock DividendsPreferredStock	11223000	USD
CY2016Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.17
CY2017Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.13
CY2016Q1	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	114000	USD
CY2017Q1	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	129000	USD
CY2017Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	8755000	USD
CY2017Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P3Y1M6D
CY2016Q1	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	4113000	USD
CY2017Q1	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	3995000	USD
CY2016Q4	us-gaap	Equity Method Investment Summarized Financial Information Assets EquityMethodInvestmentSummarizedFinancialInformationAssets	1805611000	USD
CY2017Q1	us-gaap	Equity Method Investment Summarized Financial Information Assets EquityMethodInvestmentSummarizedFinancialInformationAssets	1786350000	USD
CY2016Q4	us-gaap	Equity Method Investment Summarized Financial Information Equity EquityMethodInvestmentSummarizedFinancialInformationEquity	493405000	USD
CY2017Q1	us-gaap	Equity Method Investment Summarized Financial Information Equity EquityMethodInvestmentSummarizedFinancialInformationEquity	483841000	USD
CY2016Q4	us-gaap	Equity Method Investment Summarized Financial Information Equity Or Capital EquityMethodInvestmentSummarizedFinancialInformationEquityOrCapital	228313000	USD
CY2017Q1	us-gaap	Equity Method Investment Summarized Financial Information Equity Or Capital EquityMethodInvestmentSummarizedFinancialInformationEquityOrCapital	224340000	USD
CY2016Q4	us-gaap	Equity Method Investment Summarized Financial Information Liabilities EquityMethodInvestmentSummarizedFinancialInformationLiabilities	1312206000	USD
CY2017Q1	us-gaap	Equity Method Investment Summarized Financial Information Liabilities EquityMethodInvestmentSummarizedFinancialInformationLiabilities	1302509000	USD
CY2016Q4	us-gaap	Equity Method Investment Summarized Financial Information Liabilities And Equity EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity	1805611000	USD
CY2017Q1	us-gaap	Equity Method Investment Summarized Financial Information Liabilities And Equity EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity	1786350000	USD
CY2016Q4	us-gaap	Equity Method Investment Summarized Financial Information Minority Interest EquityMethodInvestmentSummarizedFinancialInformationMinorityInterest	265092000	USD
CY2017Q1	us-gaap	Equity Method Investment Summarized Financial Information Minority Interest EquityMethodInvestmentSummarizedFinancialInformationMinorityInterest	259501000	USD
CY2016Q1	us-gaap	Equity Method Investment Summarized Financial Information Net Income Loss EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss	91328000	USD
CY2017Q1	us-gaap	Equity Method Investment Summarized Financial Information Net Income Loss EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss	7813000	USD
CY2016Q1	us-gaap	Equity Method Investment Summarized Financial Information Revenue EquityMethodInvestmentSummarizedFinancialInformationRevenue	64204000	USD
CY2017Q1	us-gaap	Equity Method Investment Summarized Financial Information Revenue EquityMethodInvestmentSummarizedFinancialInformationRevenue	59699000	USD
CY2016Q4	us-gaap	Equity Method Investments EquityMethodInvestments	266872000	USD
CY2017Q1	us-gaap	Equity Method Investments EquityMethodInvestments	262216000	USD
CY2016Q1	us-gaap	Extinguishment Of Debt Gain Loss Net Of Tax ExtinguishmentOfDebtGainLossNetOfTax	0	USD
CY2017Q1	us-gaap	Extinguishment Of Debt Gain Loss Net Of Tax ExtinguishmentOfDebtGainLossNetOfTax	4055000	USD
CY2016Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	6000	USD
CY2017Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	4055000	USD
CY2016Q1	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	0	USD
CY2017Q1	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	5988000	USD
CY2016Q1	us-gaap	Gains Losses On Sales Of Other Real Estate GainsLossesOnSalesOfOtherRealEstate	0	USD
CY2017Q1	us-gaap	Gains Losses On Sales Of Other Real Estate GainsLossesOnSalesOfOtherRealEstate	5988000	USD
CY2016Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	17168000	USD
CY2017Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	16082000	USD
CY2016Q4	us-gaap	Guarantees Fair Value Disclosure GuaranteesFairValueDisclosure	412000	USD
CY2017Q1	us-gaap	Guarantees Fair Value Disclosure GuaranteesFairValueDisclosure	412000	USD
CY2016Q1	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	19685000	USD
CY2017Q1	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	3263000	USD
CY2016Q1	us-gaap	Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest	41892000	USD
CY2017Q1	us-gaap	Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest	38518000	USD
CY2016Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	32390000	USD
CY2017Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	5373000	USD
CY2016Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-537000	USD
CY2017Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-800000	USD
CY2016Q1	us-gaap	Increase Decrease In Accounts And Other Receivables IncreaseDecreaseInAccountsAndOtherReceivables	4458000	USD
CY2017Q1	us-gaap	Increase Decrease In Accounts And Other Receivables IncreaseDecreaseInAccountsAndOtherReceivables	2838000	USD
CY2016Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-18557000	USD
CY2017Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	5321000	USD
CY2016Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	5115000	USD
CY2017Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	4816000	USD
CY2016Q1	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	3133000	USD
CY2017Q1	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	412000	USD
CY2016Q1	us-gaap	Interest And Other Income InterestAndOtherIncome	360000	USD
CY2017Q1	us-gaap	Interest And Other Income InterestAndOtherIncome	1404000	USD
CY2016Q1	us-gaap	Interest Expense InterestExpense	55231000	USD
CY2017Q1	us-gaap	Interest Expense InterestExpense	56201000	USD
CY2016Q1	us-gaap	Interest Paid Net InterestPaidNet	45115000	USD
CY2017Q1	us-gaap	Interest Paid Net InterestPaidNet	37063000	USD
CY2016Q4	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	6942452000	USD
CY2017Q1	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	6964175000	USD
CY2016Q4	us-gaap	Land Land	820979000	USD
CY2017Q1	us-gaap	Land Land	851977000	USD
CY2016Q4	us-gaap	Liabilities Liabilities	4745792000	USD
CY2017Q1	us-gaap	Liabilities Liabilities	4796225000	USD
CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	6104640000	USD
CY2017Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	6126149000	USD
CY2016Q4	us-gaap	Long Term Debt LongTermDebt	4465294000	USD
CY2017Q1	us-gaap	Long Term Debt LongTermDebt	4522480000	USD
CY2016Q4	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	4737077000	USD
CY2017Q1	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	4759526000	USD
CY2017Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive	1887555000	USD
CY2017Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	455026000	USD
CY2017Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	433689000	USD
CY2017Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	318457000	USD
CY2017Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	722481000	USD
CY2017Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear	571982000	USD
CY2016Q4	us-gaap	Longterm Debt Percentage Bearing Fixed Interest Amount LongtermDebtPercentageBearingFixedInterestAmount	3594379000	USD
CY2017Q1	us-gaap	Longterm Debt Percentage Bearing Fixed Interest Amount LongtermDebtPercentageBearingFixedInterestAmount	3389900000	USD
CY2016Q4	us-gaap	Longterm Debt Percentage Bearing Variable Interest Amount LongtermDebtPercentageBearingVariableInterestAmount	888770000	USD
CY2017Q1	us-gaap	Longterm Debt Percentage Bearing Variable Interest Amount LongtermDebtPercentageBearingVariableInterestAmount	1149563000	USD
CY2016Q4	us-gaap	Longterm Debt Weighted Average Interest Rate LongtermDebtWeightedAverageInterestRate	0.0482
CY2017Q1	us-gaap	Longterm Debt Weighted Average Interest Rate LongtermDebtWeightedAverageInterestRate	0.0465
CY2016Q4	us-gaap	Malpractice Loss Contingency Letters Of Credit And Surety Bonds MalpracticeLossContingencyLettersOfCreditAndSuretyBonds	21446000	USD
CY2017Q1	us-gaap	Malpractice Loss Contingency Letters Of Credit And Surety Bonds MalpracticeLossContingencyLettersOfCreditAndSuretyBonds	16828000	USD
CY2016Q1	us-gaap	Management Fees Revenue ManagementFeesRevenue	2581000	USD
CY2017Q1	us-gaap	Management Fees Revenue ManagementFeesRevenue	3452000	USD
CY2016Q4	us-gaap	Minority Interest MinorityInterest	112138000	USD
CY2017Q1	us-gaap	Minority Interest MinorityInterest	106085000	USD
CY2016Q1	us-gaap	Minority Interest Change In Redemption Value MinorityInterestChangeInRedemptionValue	-592000	USD
CY2017Q1	us-gaap	Minority Interest Change In Redemption Value MinorityInterestChangeInRedemptionValue	2315000	USD
CY2016Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	9528000	USD
CY2017Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	9440000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-95505000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	23852000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-2133000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-120126000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	85777000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	104876000	USD
CY2016Q1	us-gaap	Net Income Loss NetIncomeLoss	40074000	USD
CY2017Q1	us-gaap	Net Income Loss NetIncomeLoss	34115000	USD
CY2016Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-3127000	USD
CY2017Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	713000	USD
CY2016Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	28851000	USD
CY2017Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	22892000	USD
CY2016Q1	us-gaap	Noncash Project Abandonment Costs NoncashProjectAbandonmentCosts	1000	USD
CY2017Q1	us-gaap	Noncash Project Abandonment Costs NoncashProjectAbandonmentCosts	0	USD
CY2017Q1	us-gaap	Noncontrolling Interest Decrease From Deconsolidation NoncontrollingInterestDecreaseFromDeconsolidation	2231000	USD
CY2017Q1	us-gaap	Noncontrolling Interest Increase From Subsidiary Equity Issuance NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance	263000	USD
CY2016Q4	us-gaap	Notes Receivable Net NotesReceivableNet	16803000	USD
CY2017Q1	us-gaap	Notes Receivable Net NotesReceivableNet	16347000	USD
CY2017Q1	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	110	property
CY2017Q1	us-gaap	Number Of States In Which Entity Operates NumberOfStatesInWhichEntityOperates	27	state
CY2016Q1	us-gaap	Operating Expenses OperatingExpenses	199248000	USD
CY2017Q1	us-gaap	Operating Expenses OperatingExpenses	160914000	USD
CY2016Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	63830000	USD
CY2017Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	77099000	USD
CY2016Q1	us-gaap	Operating Leases Income Statement Minimum Lease Revenue OperatingLeasesIncomeStatementMinimumLeaseRevenue	170629000	USD
CY2017Q1	us-gaap	Operating Leases Income Statement Minimum Lease Revenue OperatingLeasesIncomeStatementMinimumLeaseRevenue	159750000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	877000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	431000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax	443000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax	0	USD
CY2016Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	877000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	0	USD
CY2016Q1	us-gaap	Other General Expense OtherGeneralExpense	9685000	USD
CY2017Q1	us-gaap	Other General Expense OtherGeneralExpense	0	USD
CY2016Q1	us-gaap	Other Real Estate Revenue OtherRealEstateRevenue	6767000	USD
CY2017Q1	us-gaap	Other Real Estate Revenue OtherRealEstateRevenue	1479000	USD
CY2016Q4	us-gaap	Other Receivables OtherReceivables	6227000	USD
CY2017Q1	us-gaap	Other Receivables OtherReceivables	11519000	USD
CY2016Q1	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	51146000	USD
CY2017Q1	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	43856000	USD
CY2016Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	528000	USD
CY2017Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	7749000	USD
CY2016Q1	us-gaap	Payments Of Distributions To Affiliates PaymentsOfDistributionsToAffiliates	11662000	USD
CY2017Q1	us-gaap	Payments Of Distributions To Affiliates PaymentsOfDistributionsToAffiliates	10582000	USD
CY2016Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	45181000	USD
CY2017Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	45260000	USD
CY2016Q1	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	11223000	USD
CY2017Q1	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	11223000	USD
CY2016Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	79000	USD
CY2017Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	120000	USD
CY2016Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	0	USD
CY2017Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	292000	USD
CY2016Q1	us-gaap	Payments To Acquire And Develop Real Estate PaymentsToAcquireAndDevelopRealEstate	34304000	USD
CY2017Q1	us-gaap	Payments To Acquire And Develop Real Estate PaymentsToAcquireAndDevelopRealEstate	51522000	USD
CY2016Q1	us-gaap	Payments To Acquire Mortgage Notes Receivable PaymentsToAcquireMortgageNotesReceivable	2484000	USD
CY2017Q1	us-gaap	Payments To Acquire Mortgage Notes Receivable PaymentsToAcquireMortgageNotesReceivable	0	USD
CY2016Q1	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	0	USD
CY2017Q1	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	79799000	USD
CY2016Q1	us-gaap	Percentage Rent PercentageRent	4673000	USD
CY2017Q1	us-gaap	Percentage Rent PercentageRent	2389000	USD
CY2016Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2017Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2016Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	15000000	shares
CY2017Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	15000000	shares
CY2016Q1	us-gaap	Proceeds From Contributions From Affiliates ProceedsFromContributionsFromAffiliates	0	USD
CY2017Q1	us-gaap	Proceeds From Contributions From Affiliates ProceedsFromContributionsFromAffiliates	263000	USD
CY2016Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	40000	USD
CY2017Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	49000	USD
CY2016Q1	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	90702000	USD
CY2017Q1	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	389391000	USD
CY2016Q1	us-gaap	Proceeds From Sale And Collection Of Mortgage Notes Receivable ProceedsFromSaleAndCollectionOfMortgageNotesReceivable	231000	USD
CY2017Q1	us-gaap	Proceeds From Sale And Collection Of Mortgage Notes Receivable ProceedsFromSaleAndCollectionOfMortgageNotesReceivable	456000	USD
CY2016Q1	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	33425000	USD
CY2017Q1	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	13716000	USD
CY2016Q1	us-gaap	Profit Loss ProfitLoss	41892000	USD
CY2017Q1	us-gaap	Profit Loss ProfitLoss	38518000	USD
CY2016Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	2104000	USD
CY2017Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	1744000	USD
CY2016Q4	us-gaap	Real Estate Heldforsale RealEstateHeldforsale	5861000	USD
CY2017Q1	us-gaap	Real Estate Heldforsale RealEstateHeldforsale	0	USD
CY2016Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	2427108000	USD
CY2017Q1	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	2477356000	USD
CY2016Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	7763431000	USD
CY2017Q1	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	7816152000	USD
CY2016Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	5520539000	USD
CY2017Q1	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	5524024000	USD
CY2016Q1	us-gaap	Real Estate Tax Expense RealEstateTaxExpense	23028000	USD
CY2017Q1	us-gaap	Real Estate Tax Expense RealEstateTaxExpense	22083000	USD
CY2016Q1	us-gaap	Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax	443000	USD
CY2016Q4	us-gaap	Redeemable Noncontrolling Interest Equity Common Carrying Amount RedeemableNoncontrollingInterestEquityCommonCarryingAmount	17996000	USD
CY2017Q1	us-gaap	Redeemable Noncontrolling Interest Equity Common Carrying Amount RedeemableNoncontrollingInterestEquityCommonCarryingAmount	15472000	USD
CY2017Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	159726000	USD
CY2016Q1	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	118102000	USD
CY2017Q1	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	298374000	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-742078000	USD
CY2017Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-764524000	USD
CY2016Q1	us-gaap	Revenues Revenues	263078000	USD
CY2017Q1	us-gaap	Revenues Revenues	238013000	USD
CY2016Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1802000	USD
CY2017Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1912000	USD
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized	10400000	shares
CY2016Q1	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	323353	shares
CY2017Q1	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	330938	shares
CY2016Q1	us-gaap	Stock Issued During Period Shares Restricted Stock Award Forfeited StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited	23066	shares
CY2017Q1	us-gaap	Stock Issued During Period Shares Restricted Stock Award Forfeited StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited	29683	shares
CY2016Q1	us-gaap	Stock Issued During Period Value Restricted Stock Award Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures	214000	USD
CY2017Q1	us-gaap	Stock Issued During Period Value Restricted Stock Award Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures	294000	USD
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	1228714000	USD
CY2017Q1	us-gaap	Stockholders Equity StockholdersEquity	1208367000	USD
CY2015Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1399599000	USD
CY2016Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1379896000	USD
CY2016Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1340852000	USD
CY2017Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1314452000	USD
CY2016Q1	us-gaap	Tenant Reimbursements TenantReimbursements	73366000	USD
CY2017Q1	us-gaap	Tenant Reimbursements TenantReimbursements	67291000	USD
CY2017Q1	us-gaap	Variable Interest Entity Consolidated Carrying Amount Assets VariableInterestEntityConsolidatedCarryingAmountAssets	663290000	USD
CY2017Q1	us-gaap	Variable Interest Entity Consolidated Carrying Amount Liabilities VariableInterestEntityConsolidatedCarryingAmountLiabilities	444033000	USD
CY2016Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	170669000	shares
CY2017Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	170989000	shares
CY2017Q1	us-gaap	Description Of New Accounting Pronouncements Not Yet Adopted DescriptionOfNewAccountingPronouncementsNotYetAdopted	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;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-bottom:12px;padding-top:12px;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:8px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("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 2016-09"). ASU 2016-09 identifies areas for simplification of accounting for share-based payment transactions. ASU 2016-09 allows an entity to make an accounting policy election to either (1) recognize forfeitures as they occur or (2) continue to estimate the number of awards expected to be forfeited. The Company elected to account for forfeitures of share-based payments as they occur. As the amount of the retrospective adjustment was nominal, the Company elected not to record the change. See</font><a style="font-family:inherit;font-size:10pt;" href="#s4B1BE86052FC52EC91D7C49BFE0D0CC5"><font style="font-family:inherit;font-size:10pt;"> Note 13</font></a><font style="font-family:inherit;font-size:10pt;"> for further information on the adoption of this guidance. The guidance also requires that when an employer withholds shares upon the vesting of restricted shares for the purpose of meeting tax withholding requirements, that the cash paid for withholding taxes is classified as a financing activity on the statement of cash flows. The Company previously included these amounts within operating activities. For public companies, ASU 2016-09 was effective for fiscal years beginning after December 15, 2016 including interim periods within that reporting period and was to be applied on a modified retrospective basis as a cumulative-effect adjustment to retained earnings as of the date of adoption. The Company adopted ASU 2016-09 as of January 1, 2017 and it did not have a material impact on its condensed consolidated financial statements and related disclosures. The change in the Company's condensed consolidated statements of cash flows related to the prior-year periods is as follows:</font></div><div style="line-height:120%;padding-top:8px;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:95.3125%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td style="width:48%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:8%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Three Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">March 31,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">June 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">September 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">December 31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net cash provided by operating activities </font><font style="font-family:inherit;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">85,777</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">128,384</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">125,464</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">128,954</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Reclassification of cash payments for withheld shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">202</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">87</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(69</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">60</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net cash provided by operating activities </font><font style="font-family:inherit;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(2)</sup></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">85,979</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">128,471</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">125,395</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">129,014</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net cash used in financing activities </font><font style="font-family:inherit;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(95,505</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(162,774</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(89,447</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(137,348</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Reclassification of cash payments for withheld shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(202</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(87</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">69</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(60</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net cash used in financing activities </font><font style="font-family:inherit;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt"> (2)</sup></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(95,707</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(162,861</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(89,378</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(137,408</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr></table></div></div><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:inherit;font-size:9pt;">(1)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Prior to adoption of ASU 2016-09.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:inherit;font-size:9pt;">(2)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Subsequent to adoption of ASU 2016-09.</font></div></td></tr></table><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 October 2016, the FASB issued ASU 2016-17, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Interests Held Through Related Parties That Are under Common Control, </font><font style="font-family:inherit;font-size:10pt;">("ASU 2016-17") which amended the consolidation guidance in 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"), to change how a reporting entity that is a single decision maker of a VIE should consider indirect interests in a VIE held through related parties that are under common control with the entity when determining whether it is the primary beneficiary of the VIE. ASU 2016-17 simplifies the analysis to require consideration of only an entity's proportionate indirect interest in a VIE held through a party under common control. For public companies, ASU 2016-17 was effective for fiscal years beginning after December 15, 2016 including interim periods therein. The guidance was applied retrospectively to all periods in fiscal year 2016, which is the period in which ASU 2015-02 was adopted by the Company. The Company adopted ASU 2016-17 as of January 1, 2017 and it did not have a material impact on its condensed consolidated financial statements and related disclosures.</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;">    </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 January 2017, the FASB issued ASU 2017-01, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Clarifying the Definition of a Business</font><font style="font-family:inherit;font-size:10pt;">, ("ASU 2017-01"), which provides a more narrow definition of a business to be used in determining the accounting treatment of an acquisition. Under ASC 805, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Business Combinations</font><font style="font-family:inherit;font-size:10pt;">, the Company generally accounted for acquisitions of shopping center properties as acquisitions of a business. Under ASU 2017-01, more acquisitions are expected to be accounted for as acquisitions of assets. Transaction costs for asset acquisitions are capitalized while those related to business acquisitions are expensed. For public companies, ASU 2017-01 is effective for fiscal years beginning after December 15, 2017, including interim periods therein and is to be applied prospectively to any transactions occurring within the period of adoption. Early adoption is permitted. The Company adopted ASU 2017-01 as of January 1, 2017. The Company expects most of its future acquisitions of shopping center properties will be accounted for as acquisitions of assets in accordance with the guidance in ASU 2017-01.</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 January 2017, the FASB issued ASU 2017-03, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Amendments to SEC Paragraphs Pursuant to Staff Announcements at the September 22, 2016 and November 17, 2016 EITF Meetings</font><font style="font-family:inherit;font-size:10pt;">, ("ASU 2017-03"), which provides guidance related to the disclosure of the potential impact that the adoption of 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"); 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;">("ASU 2016-02") and ASU 2016-13, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Measurement of Credit Losses on Financial Instruments </font><font style="font-family:inherit;font-size:10pt;">("ASU 2016-13") could have on the Company's condensed consolidated financial statements. ASU 2017-03 was effective upon issuance and the Company has incorporated this guidance within its current disclosures.</font></div><div style="line-height:120%;padding-bottom:12px;padding-top:12px;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:12px;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. 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;">Deferral of the Effective Date</font><font style="font-family:inherit;font-size:10pt;">, ("ASU 2015-14") which allows an additional one year deferral of ASU 2014-09. As a result, ASU 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;">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. During the quarter ended June 30, 2016, the FASB issued ASU 2016-10, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Identifying Performance Obligations and Licensing</font><font style="font-family:inherit;font-size:10pt;">, ASU 2016-11, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Rescission of SEC Guidance Because of Accounting Standards Updates 2014-09 and 2014-16 Pursuant to Staff Announcements at the March 3, 2016 EITF Meeting, </font><font style="font-family:inherit;font-size:10pt;">and ASU 2016-12, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> Narrow Scope Improvements and Practical Expedients. </font><font style="font-family:inherit;font-size:10pt;">In December 2016, the FASB issued ASU 2016-20, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers. </font><font style="font-family:inherit;font-size:10pt;">These amendments are intended to improve and clarify the implementation guidance of ASU 2014-09 and have the same effective date as ASU 2014-09, as deferred by ASU 2015-14. As the majority of the Company's revenue is derived from real estate lease contracts, the Company does not expect the adoption of this guidance to have a material impact on its condensed consolidated financial statements. The Company expects to adopt the guidance using the modified retrospective approach, which requires a cumulative effect adjustment as of the date of the Company's adoption, which will be January 1, 2018. </font></div><div style="line-height:120%;padding-top:12px;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. 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 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. Under the new guidance, common area maintenance recoveries must be accounted for as a non-lease component. The Company is evaluating whether the bifurcation of common area maintenance will affect the timing or recognition of certain lease revenues. Also, only direct leasing costs may be capitalized under ASU 2016-02. Current guidance also allows the capitalization of indirect leasing costs. Additionally, the Company is analyzing its current ground lease obligations under ASU 2016-02. The Company has done a preliminary assessment and continues to evaluate the potential impact the guidance may have on its condensed consolidated financial statements and related disclosures and will adopt ASU 2016-02 as of January 1, 2019.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2016, the FASB issued ASU 2016-13. The objective of ASU 2016-13 is to provide financial statement users with information about expected credit losses on financial assets and other commitments to extend credit by a reporting entity. The guidance replaces the current incurred loss impairment model, which reflects credit events, with a current expected credit loss model, which recognizes an allowance for credit losses based on an entity's estimate of contractual cash flows not expected to be collected. For public companies that are SEC filers, ASU 2016-13 is effective for fiscal years beginning after December 15, 2019 including interim periods within those fiscal years. Early adoption is permitted. The guidance is to be applied on a modified retrospective basis. The Company plans to adopt ASU 2016-13 as of January 1, 2020 and is evaluating the impact that this update may have on its condensed consolidated financial statements and related disclosures.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2016, the FASB issued ASU 2016-15, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Classification of Certain Cash Receipts and Cash Payments </font><font style="font-family:inherit;font-size:10pt;">("ASU 2016-15"). The objective of ASU 2016-15 is to reduce diversity in practice in the classification of certain items in the statement of cash flows, including the classification of distributions received from equity method investees. For public companies, ASU 2016-15 is effective for fiscal years beginning after December 15, 2017 including interim periods within those fiscal years. Early adoption is permitted. The guidance is to be applied on a retrospective basis. The Company plans to adopt ASU 2016-15 as of January 1, 2018 and does not expect the guidance to have a material impact on its condensed consolidated financial statements.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In November 2016, the FASB issued ASU 2016-18, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Restricted Cash</font><font style="font-family:inherit;font-size:10pt;">, ("ASU 2016-18") to address diversity in practice related to the classification and presentation of changes in restricted cash. The update requires a reporting entity to explain the change in the total of cash, cash equivalents and amounts generally described as restricted cash and restricted cash equivalents in reconciling the beginning-of-period and end-of-period total amounts on the statement of cash flows. For public companies, ASU 2016-18 is effective on a retrospective basis for fiscal years beginning after December 15, 2017, including interim periods therein. Early adoption is permitted. The Company plans to adopt the update as of January 1, 2018 and does not expect ASU 2016-18 to have a material impact on its condensed consolidated financial statements.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2017, the FASB issued ASU 2017-05, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets</font><font style="font-family:inherit;font-size:10pt;"> ("ASU 2017-05"), which will apply to the partial sale or transfer of nonfinancial assets, including real estate assets, to unconsolidated joint ventures. ASU 2017-05 requires 100% of the gain or loss to be recognized for nonfinancial assets transferred to an unconsolidated joint venture and any noncontrolling interest received in such nonfinancial assets to be measured at fair value. ASU 2017-05 has the same effective date as ASU 2014-09, as deferred by ASU 2015-14, and is effective for the Company on January 1, 2018.  ASU 2017-05 is to be applied using either a full or modified retrospective transition method. This adjustment will (1) mark investments in unconsolidated joint ventures to fair value as of the date of contribution to the unconsolidated joint ventures, and (2) recognize the remainder of the gain or loss associated with transferring the assets to the unconsolidated joint venture. The Company is in the process of determining which method to use for the application of this guidance and is identifying transactions related to the partial sale of real estate assets in prior periods that it expects the guidance in ASU 2017-05 will impact. The Company expects the application of this guidance will result in higher gains due to the requirement to recognize 100% of the gain on the sale of the partial interest and record the retained noncontrolling interest at fair value.</font></div></div>

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cbl-20170331.xml	Edgar Link	completed
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$CBL
CBL & ASSOCIATES PROPERTIES INC Stock $cbl

2017 Q2 Form 10-Q Financial Statement

#000091061217000034 Filed on May 10, 2017

Income Statement

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$CBL CBL & ASSOCIATES PROPERTIES INC Stock $cbl

2017 Q2 Form 10-Q Financial Statement

#000091061217000034 Filed on May 10, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CBL
CBL & ASSOCIATES PROPERTIES INC Stock $cbl