2015 Q4 Form 10-K Financial Statement

#000162828016011018 Filed on February 11, 2016

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2015 Q2
Revenue $22.63M $17.99M $17.38M
YoY Change 40.77% 13.23% 23.54%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.850M $3.610M $2.880M
YoY Change 6.06% 77.83% -60.28%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.000M $5.800M $5.700M
YoY Change 29.63% 9.43% -6.56%
% of Gross Profit
Operating Expenses $11.48M $17.26M $15.11M
YoY Change 20.21% 24.01% -38.05%
Operating Profit
YoY Change
Interest Expense -$4.940M $7.221M $6.000M
YoY Change -16.27% 21.5% -7.01%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $5.003M $727.0K $2.266M
YoY Change 694.13% -63.04% -121.95%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income 0.0% 0.0% 0.0%
Net Earnings $5.003M $727.0K $2.266M
YoY Change 694.13% -63.04% -121.91%
Net Earnings / Revenue 22.11% 4.04% 13.04%
Basic Earnings Per Share $0.10 $0.02 $0.07
Diluted Earnings Per Share $0.10 $0.02 $0.07
COMMON SHARES
Basic Shares Outstanding 47.66M shares 39.13M shares 31.28M shares
Diluted Shares Outstanding 47.66M shares 39.13M shares 31.28M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.50M $12.10M $29.90M
YoY Change -54.55% -86.37% -62.76%
Cash & Equivalents $11.47M $12.10M $29.90M
Short-Term Investments
Other Short-Term Assets $2.100M $300.0K $2.300M
YoY Change 162.5% -25.0% 2200.0%
Inventory
Prepaid Expenses
Receivables $2.300M $3.000M $2.000M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $15.90M $15.40M $34.20M
YoY Change -44.01% -83.28% -58.44%
LONG-TERM ASSETS
Property, Plant & Equipment $654.1M $659.8M $467.5M
YoY Change 47.42% 58.99% 11.28%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $8.500M $8.200M $8.000M
YoY Change 13.33%
Other Assets $3.200M $9.800M $9.400M
YoY Change 6.67% -9.26% -14.55%
Total Long-Term Assets $657.3M $669.6M $477.0M
YoY Change 47.12% 57.23% 10.64%
TOTAL ASSETS
Total Short-Term Assets $15.90M $15.40M $34.20M
Total Long-Term Assets $657.3M $669.6M $477.0M
Total Assets $673.2M $685.0M $511.2M
YoY Change 41.68% 32.25% -0.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $103.9M $107.7M $102.8M
YoY Change -0.67% -0.55% -2.74%
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 $111.6M $115.4M $107.9M
YoY Change 2.86% 6.56% 2.08%
LONG-TERM LIABILITIES
Long-Term Debt $299.2M $305.0M $295.0M
YoY Change 18.17% 17.31% 13.46%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $299.2M $305.0M $295.0M
YoY Change 18.17% 17.31% 13.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $111.6M $115.4M $107.9M
Total Long-Term Liabilities $299.2M $305.0M $295.0M
Total Liabilities $410.9M $420.4M $402.9M
YoY Change 13.6% 14.14% 10.17%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $410.7M $410.3M $247.0M
YoY Change 66.71% 178.71%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $262.3M $264.6M $108.3M
YoY Change
Total Liabilities & Shareholders Equity $673.2M $685.0M $511.2M
YoY Change 41.68% 32.25% -0.43%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2015 Q2
OPERATING ACTIVITIES
Net Income $5.003M $727.0K $2.266M
YoY Change 694.13% -63.04% -121.91%
Depreciation, Depletion And Amortization $7.000M $5.800M $5.700M
YoY Change 29.63% 9.43% -6.56%
Cash From Operating Activities $11.30M $13.40M $4.500M
YoY Change 151.11% 36.73% 36.36%
INVESTING ACTIVITIES
Capital Expenditures -$1.000M -$197.9M -$16.40M
YoY Change -96.2% 65866.67% 160.32%
Acquisitions
YoY Change
Other Investing Activities -$1.700M $1.500M -$1.000M
YoY Change -78.75%
Cash From Investing Activities -$2.700M -$196.4M -$17.40M
YoY Change -92.13% 65366.67% 176.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $163.0M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -9.100M 165.1M 29.10M
YoY Change -73.08% -16610.0% -64.73%
NET CHANGE
Cash From Operating Activities 11.30M 13.40M 4.500M
Cash From Investing Activities -2.700M -196.4M -17.40M
Cash From Financing Activities -9.100M 165.1M 29.10M
Net Change In Cash -500.0K -17.90M 16.20M
YoY Change -99.21% -310.59% -79.62%
FREE CASH FLOW
Cash From Operating Activities $11.30M $13.40M $4.500M
Capital Expenditures -$1.000M -$197.9M -$16.40M
Free Cash Flow $12.30M $211.3M $20.90M
YoY Change -60.06% 1992.08% 117.71%

Facts In Submission

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CY2015 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2311000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
5152000 USD
CY2015 us-gaap Home Building Revenue
HomeBuildingRevenue
2510000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-272000 USD
CY2014Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-362000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-10325000 USD
CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1967000 USD
CY2014Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
630000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-8143000 USD
CY2015Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2038000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2266000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
727000 USD
CY2015Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5003000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
10034000 USD
CY2014 us-gaap Income Loss From Subsidiaries Before Tax
IncomeLossFromSubsidiariesBeforeTax
0 USD
CY2015 us-gaap Income Loss From Subsidiaries Before Tax
IncomeLossFromSubsidiariesBeforeTax
0 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
123000 USD
CY2014Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
36000 USD
CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
17000 USD
CY2014Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2014Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2015Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2015Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2013 us-gaap Income Taxes Paid
IncomeTaxesPaid
100000 USD
CY2014 us-gaap Income Taxes Paid
IncomeTaxesPaid
104000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2239000 USD
CY2013 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-5000 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-4000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2326000 USD
CY2013 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
0 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
2275000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
-2275000 USD
CY2013 us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
0 USD
CY2014 us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
1661000 USD
CY2015 us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
0 USD
CY2013 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-266000 USD
CY2014 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-445000 USD
CY2015 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
86000 USD
CY2013 us-gaap Interest And Other Income
InterestAndOtherIncome
0 USD
CY2014 us-gaap Interest And Other Income
InterestAndOtherIncome
55000 USD
CY2015 us-gaap Interest And Other Income
InterestAndOtherIncome
965000 USD
CY2013 us-gaap Interest Expense
InterestExpense
12647000 USD
CY2014 us-gaap Interest Expense
InterestExpense
21622000 USD
CY2015 us-gaap Interest Expense
InterestExpense
25256000 USD
CY2013 us-gaap Interest Income Operating
InterestIncomeOperating
0 USD
CY2014 us-gaap Interest Income Operating
InterestIncomeOperating
32000 USD
CY2015 us-gaap Interest Income Operating
InterestIncomeOperating
945000 USD
CY2013 us-gaap Interest Paid Net
InterestPaidNet
12657000 USD
CY2014 us-gaap Interest Paid Net
InterestPaidNet
17243000 USD
CY2015 us-gaap Interest Paid Net
InterestPaidNet
21687000 USD
CY2014Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
1700000 USD
CY2015Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
1900000 USD
CY2014Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
417414000 USD
CY2015Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
627453000 USD
CY2014Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
0 USD
CY2015Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
0 USD
CY2014Q4 us-gaap Land
Land
75072000 USD
CY2015Q4 us-gaap Land
Land
91311000 USD
CY2014Q4 us-gaap Liabilities
Liabilities
361678000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
410878000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
475140000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
673166000 USD
CY2014Q4 us-gaap Line Of Credit
LineOfCredit
0 USD
CY2015Q4 us-gaap Line Of Credit
LineOfCredit
45000000 USD
CY2014Q4 us-gaap Loans Receivable Commercial Real Estate
LoansReceivableCommercialRealEstate
436215000 USD
CY2015Q4 us-gaap Loans Receivable Commercial Real Estate
LoansReceivableCommercialRealEstate
645614000 USD
CY2014Q4 us-gaap Long Term Debt
LongTermDebt
350773000 USD
CY2015Q4 us-gaap Long Term Debt
LongTermDebt
393905000 USD
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
260000000 USD
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
2765000 USD
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 USD
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
45000000 USD
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 USD
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
92257000 USD
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
28261000 USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
56115000 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
180542000 USD
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-54733000 USD
CY2014 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-53596000 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-234649000 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
26632000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
21906000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
40254000 USD
CY2013 us-gaap Net Income Loss
NetIncomeLoss
-395000 USD
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
-398000 USD
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
-10342000 USD
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
1967000 USD
CY2014Q4 us-gaap Net Income Loss
NetIncomeLoss
630000 USD
CY2014 us-gaap Net Income Loss
NetIncomeLoss
-8143000 USD
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
2038000 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
2266000 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
727000 USD
CY2015Q4 us-gaap Net Income Loss
NetIncomeLoss
5003000 USD
CY2015 us-gaap Net Income Loss
NetIncomeLoss
10034000 USD
CY2014Q4 us-gaap Notes Payable
NotesPayable
97608000 USD
CY2015Q4 us-gaap Notes Payable
NotesPayable
94676000 USD
CY2015 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2013 us-gaap Operating Expenses
OperatingExpenses
49068000 USD
CY2014 us-gaap Operating Expenses
OperatingExpenses
67040000 USD
CY2015 us-gaap Operating Expenses
OperatingExpenses
64917000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
1155815000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
80439000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
80439000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
80439000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
80439000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Receivable Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear
80439000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
753620000 USD
CY2013 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
41242000 USD
CY2014 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
51367000 USD
CY2015 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
65979000 USD
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
0 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-1661000 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
0 USD
CY2013 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
1038000 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
167000 USD
CY2015 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
0 USD
CY2013 us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
0 USD
CY2014 us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
500000 USD
CY2015 us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
1750000 USD
CY2014 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
CY2015 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
CY2014 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
0 USD
CY2015 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
0 USD
CY2013 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
0 USD
CY2014 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
33001000 USD
CY2015 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
21790000 USD
CY2013 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
730000 USD
CY2014 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
13436000 USD
CY2015 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2303000 USD
CY2013 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
CY2014 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
CY2015 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
145000 USD
CY2013 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0 USD
CY2013 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
-22502000 USD
CY2014 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
4356000 USD
CY2014 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 USD
CY2015 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 USD
CY2015Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
163700000 USD
CY2013 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2014 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2015 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
162963000 USD
CY2014 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
CY2014 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
7500000 USD
CY2015 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0 USD
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
19931000 USD
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
19275000 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
276000 USD
CY2013 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
35656000 USD
CY2014 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
25742000 USD
CY2015 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
232466000 USD
CY2013 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
0 USD
CY2014 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
579000 USD
CY2015 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
187000 USD
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2014Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2014Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
809000 USD
CY2015Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
2083000 USD
CY2015 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
CY2013 us-gaap Proceeds From Sale Of Land Heldforinvestment
ProceedsFromSaleOfLandHeldforinvestment
0 USD
CY2014 us-gaap Proceeds From Sale Of Land Heldforinvestment
ProceedsFromSaleOfLandHeldforinvestment
0 USD
CY2015 us-gaap Proceeds From Sale Of Land Heldforinvestment
ProceedsFromSaleOfLandHeldforinvestment
30000 USD
CY2013 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
854000 USD
CY2014 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2015 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2013 us-gaap Proceeds From Secured Lines Of Credit
ProceedsFromSecuredLinesOfCredit
58700000 USD
CY2014 us-gaap Proceeds From Secured Lines Of Credit
ProceedsFromSecuredLinesOfCredit
10000000 USD
CY2015 us-gaap Proceeds From Secured Lines Of Credit
ProceedsFromSecuredLinesOfCredit
35000000 USD
CY2013 us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
0 USD
CY2014 us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
50676000 USD
CY2015 us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
0 USD
CY2013 us-gaap Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
0 USD
CY2014 us-gaap Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
0 USD
CY2015 us-gaap Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
45000000 USD
CY2013 us-gaap Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
0 USD
CY2014 us-gaap Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
260000000 USD
CY2015 us-gaap Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
0 USD
CY2012Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
47877000 USD
CY2013Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
62572000 USD
CY2014Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
78897000 USD
CY2015Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
97667000 USD
CY2015Q4 us-gaap Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
95022000 USD
CY2015Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
627453000 USD
CY2015Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
91311000 USD
CY2015Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Carrying Costs
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts
96363000 USD
CY2015Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
530080000 USD
CY2015Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
92321000 USD
CY2013 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
0 USD
CY2014 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
0 USD
CY2015 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
30000 USD
CY2012Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
410009000 USD
CY2013Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
456052000 USD
CY2014Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
492486000 USD
CY2015Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
718764000 USD
CY2013 us-gaap Real Estate Improvements
RealEstateImprovements
10387000 USD
CY2014 us-gaap Real Estate Improvements
RealEstateImprovements
12162000 USD
CY2015 us-gaap Real Estate Improvements
RealEstateImprovements
230000 USD
CY2014Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
103405000 USD
CY2015Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
127538000 USD
CY2014Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
539620000 USD
CY2015Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
773152000 USD
CY2014Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
436215000 USD
CY2015Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
645614000 USD
CY2014Q4 us-gaap Real Estate Investments Other
RealEstateInvestmentsOther
7532000 USD
CY2015Q4 us-gaap Real Estate Investments Other
RealEstateInvestmentsOther
8477000 USD
CY2013 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
35656000 USD
CY2014 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
25252000 USD
CY2015 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
226078000 USD
CY2013 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
5168000 USD
CY2014 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
4956000 USD
CY2015 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
5497000 USD
CY2013 us-gaap Reimbursement Revenue
ReimbursementRevenue
0 USD
CY2014 us-gaap Reimbursement Revenue
ReimbursementRevenue
2842000 USD
CY2015 us-gaap Reimbursement Revenue
ReimbursementRevenue
1406000 USD
CY2013 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
0 USD
CY2014 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
88701000 USD
CY2015 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
35000000 USD
CY2013 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
3457000 USD
CY2015Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
163000000 USD
CY2013 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
0 USD
CY2015 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
162963000 USD
CY2014 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
68155000 USD
CY2015 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
3183000 USD
CY2013 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
3750000 USD
CY2014 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
65624000 USD
CY2015 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
0 USD
CY2015 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
-145000 USD
CY2013 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
0 USD
CY2014 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
32667000 USD
CY2015 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
16308000 USD
CY2013 us-gaap Revenues
Revenues
48796000 USD
CY2014Q1 us-gaap Revenues
Revenues
12871000 USD
CY2014Q2 us-gaap Revenues
Revenues
14065000 USD
CY2014Q3 us-gaap Revenues
Revenues
15884000 USD
CY2014Q4 us-gaap Revenues
Revenues
16077000 USD
CY2014 us-gaap Revenues
Revenues
58897000 USD
CY2015Q1 us-gaap Revenues
Revenues
16958000 USD
CY2015Q2 us-gaap Revenues
Revenues
17376000 USD
CY2015Q3 us-gaap Revenues
Revenues
17985000 USD
CY2015Q4 us-gaap Revenues
Revenues
22632000 USD
CY2015 us-gaap Revenues
Revenues
74951000 USD
CY2013 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
14695000 USD
CY2014 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
16325000 USD
CY2015 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
18770000 USD
CY2015Q3 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
10.50
CY2013 us-gaap Stock Issued1
StockIssued1
0 USD
CY2014 us-gaap Stock Issued1
StockIssued1
98998000 USD
CY2015 us-gaap Stock Issued1
StockIssued1
0 USD
CY2015Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
16330000 shares
CY2014 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
184548000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
162689000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
113462000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
262288000 USD
CY2014 us-gaap Stockholders Equity Note Spinoff Transaction
StockholdersEquityNoteSpinoffTransaction
0 USD
CY2013 us-gaap Tenant Reimbursements
TenantReimbursements
5168000 USD
CY2014 us-gaap Tenant Reimbursements
TenantReimbursements
4956000 USD
CY2015 us-gaap Tenant Reimbursements
TenantReimbursements
5497000 USD
CY2013 us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
0 USD
CY2014 us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
300000 USD
CY2015 us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
0 USD
CY2014Q4 us-gaap Unsecured Long Term Debt
UnsecuredLongTermDebt
253165000 USD
CY2015Q4 us-gaap Unsecured Long Term Debt
UnsecuredLongTermDebt
254229000 USD
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22228000 shares
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22228000 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22231000 shares
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22436000 shares
CY2014Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24586000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22788000 shares
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31257000 shares
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31278000 shares
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39125000 shares
CY2015Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47660000 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37380000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22228000 shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22228000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22231000 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22255000 shares
CY2014Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24419000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22788000 shares
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31257000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31278000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39125000 shares
CY2015Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47660000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37380000 shares
CY2013 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
0 USD
CY2014 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
0 USD
CY2015 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
1208000 USD
CY2015 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
1200000 USD
CY2015 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;text-indent:65px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Concentration of Credit Risk</font><font style="font-family:inherit;font-size:10pt;">&#8212;The Company is subject to concentrations of credit risk consisting primarily of operating leases on our owned properties. See Note&#160;12, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Concentration of Risk</font><font style="font-family:inherit;font-size:10pt;">, for a discussion of major operator concentration.</font></div></div>
CY2015 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;text-indent:65px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications</font><font style="font-family:inherit;font-size:10pt;">&#8212;Certain amounts in the Company&#8217;s consolidated and combined financial statements for prior periods have been reclassified to conform to the current period presentation. These reclassifications have not changed the results of operations of prior periods. </font></div></div>
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;text-indent:65px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Estimates and Assumptions</font><font style="font-family:inherit;font-size:10pt;">&#8212;The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates.</font></div></div>

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