2015 Q2 Form 10-Q Financial Statement

#000089541715000056 Filed on August 04, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $201.5M $189.0M
YoY Change 6.59% 6.85%
Cost Of Revenue $98.70M $91.60M
YoY Change 7.75% 6.76%
Gross Profit $68.10M $62.77M
YoY Change 8.49% 10.91%
Gross Profit Margin 33.8% 33.21%
Selling, General & Admin $11.05M $9.663M
YoY Change 14.38% -5.99%
% of Gross Profit 16.23% 15.39%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $29.20M $29.40M
YoY Change -0.68% -2.97%
% of Gross Profit 42.88% 46.84%
Operating Expenses $11.05M $9.663M
YoY Change 14.38% -5.99%
Operating Profit $68.10M $62.77M
YoY Change 8.49% 10.91%
Interest Expense -$24.00M -$25.60M
YoY Change -6.25% -11.11%
% of Operating Profit -35.24% -40.78%
Other Income/Expense, Net
YoY Change
Pretax Income $35.99M $29.40M
YoY Change 22.42% 63.2%
Income Tax
% Of Pretax Income
Net Earnings $31.79M $25.48M
YoY Change 24.73% 42.68%
Net Earnings / Revenue 15.78% 13.48%
Basic Earnings Per Share $0.38 $0.31
Diluted Earnings Per Share $0.38 $0.30
COMMON SHARES
Basic Shares Outstanding 84.03M shares 83.23M shares
Diluted Shares Outstanding 91.85M shares 91.42M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $79.90M $79.80M
YoY Change 0.13% -53.79%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $79.90M $79.80M
YoY Change 0.13% -54.63%
LONG-TERM ASSETS
Property, Plant & Equipment $3.214B $3.191B
YoY Change 0.73% 3.99%
Goodwill $7.800M $7.800M
YoY Change 0.0% 0.0%
Intangibles $4.300M $4.300M
YoY Change 0.0% 0.0%
Long-Term Investments $18.00M $14.70M
YoY Change 22.45% 54.74%
Other Assets $87.60M $94.30M
YoY Change -7.1% -55.48%
Total Long-Term Assets $3.368B $3.351B
YoY Change 0.51% 0.16%
TOTAL ASSETS
Total Short-Term Assets $79.90M $79.80M
Total Long-Term Assets $3.368B $3.351B
Total Assets $3.448B $3.430B
YoY Change 0.5% -2.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $94.50M $87.30M
YoY Change 8.25% 764.36%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $128.8M $116.9M
YoY Change 10.18% 9.46%
LONG-TERM LIABILITIES
Long-Term Debt $2.167B $2.185B
YoY Change -0.83% -5.95%
Other Long-Term Liabilities $170.5M $153.7M
YoY Change 10.93% 0.92%
Total Long-Term Liabilities $2.337B $2.338B
YoY Change -0.06% -5.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $128.8M $116.9M
Total Long-Term Liabilities $2.337B $2.338B
Total Liabilities $2.466B $2.455B
YoY Change 0.43% -4.91%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $1.038B $1.026B
YoY Change 1.16% 1.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $914.8M $907.6M
YoY Change
Total Liabilities & Shareholders Equity $3.448B $3.430B
YoY Change 0.5% -2.58%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $31.79M $25.48M
YoY Change 24.73% 42.68%
Depreciation, Depletion And Amortization $29.20M $29.40M
YoY Change -0.68% -2.97%
Cash From Operating Activities $100.7M $68.20M
YoY Change 47.65% 15.4%
INVESTING ACTIVITIES
Capital Expenditures -$37.40M -$16.60M
YoY Change 125.3% -12.17%
Acquisitions
YoY Change
Other Investing Activities $400.0K $400.0K
YoY Change 0.0% -144.44%
Cash From Investing Activities -$37.00M -$16.10M
YoY Change 129.81% -18.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -81.50M -23.70M
YoY Change 243.88% -141.8%
NET CHANGE
Cash From Operating Activities 100.7M 68.20M
Cash From Investing Activities -37.00M -16.10M
Cash From Financing Activities -81.50M -23.70M
Net Change In Cash -17.80M 28.40M
YoY Change -162.68% -70.45%
FREE CASH FLOW
Cash From Operating Activities $100.7M $68.20M
Capital Expenditures -$37.40M -$16.60M
Free Cash Flow $138.1M $84.80M
YoY Change 62.85% 8.72%

Facts In Submission

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15817000 USD
CY2014Q2 us-gaap Costs And Expenses
CostsAndExpenses
159629000 USD
us-gaap Costs And Expenses
CostsAndExpenses
314371000 USD
CY2015Q2 us-gaap Costs And Expenses
CostsAndExpenses
165494000 USD
us-gaap Costs And Expenses
CostsAndExpenses
342979000 USD
CY2014Q4 us-gaap Customer Advances And Deposits
CustomerAdvancesAndDeposits
67463000 USD
CY2015Q2 us-gaap Customer Advances And Deposits
CustomerAdvancesAndDeposits
79748000 USD
us-gaap Debt Instrument Interest Rate Stated Percentage Rate Range Maximum
DebtInstrumentInterestRateStatedPercentageRateRangeMaximum
0.089 Rate
us-gaap Debt Instrument Interest Rate Stated Percentage Rate Range Minimum
DebtInstrumentInterestRateStatedPercentageRateRangeMinimum
0.035 Rate
CY2015Q2 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.050 Rate
CY2013Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
25251000 USD
CY2014Q2 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
26585000 USD
CY2014Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
28589000 USD
CY2015Q2 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
29960000 USD
CY2014Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
21833000 USD
CY2015Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
24800000 USD
CY2013Q4 us-gaap Deferred Revenue
DeferredRevenue
68673000 USD
CY2014Q2 us-gaap Deferred Revenue
DeferredRevenue
70988000 USD
CY2014Q4 us-gaap Deferred Revenue
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74174000 USD
CY2015Q2 us-gaap Deferred Revenue
DeferredRevenue
76402000 USD
us-gaap Deferred Revenue Period Increase Decrease
DeferredRevenuePeriodIncreaseDecrease
2315000 USD
us-gaap Deferred Revenue Period Increase Decrease
DeferredRevenuePeriodIncreaseDecrease
2228000 USD
us-gaap Depreciation
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55790000 USD
us-gaap Depreciation
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56989000 USD
CY2014Q2 us-gaap Derivative Instruments Gain Recognized In Other Comprehensive Income Effective Portion
DerivativeInstrumentsGainRecognizedInOtherComprehensiveIncomeEffectivePortion
-3000 USD
us-gaap Derivative Instruments Loss Recognized In Other Comprehensive Income Effective Portion
DerivativeInstrumentsLossRecognizedInOtherComprehensiveIncomeEffectivePortion
23000 USD
CY2015Q2 us-gaap Derivative Instruments Loss Recognized In Other Comprehensive Income Effective Portion
DerivativeInstrumentsLossRecognizedInOtherComprehensiveIncomeEffectivePortion
230000 USD
us-gaap Derivative Instruments Loss Recognized In Other Comprehensive Income Effective Portion
DerivativeInstrumentsLossRecognizedInOtherComprehensiveIncomeEffectivePortion
1522000 USD
us-gaap Dividends
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73223000 USD
CY2014Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
29623000 USD
CY2015Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
34312000 USD
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.76
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.38
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.70
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.76
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.38
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.70
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
1669000 USD
CY2014Q2 us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
0 USD
us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
0 USD
CY2015Q2 us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
-69000 USD
us-gaap Extinguishment Of Debt Amount
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16922000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2200000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2400000 USD
CY2014Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6794000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
12555000 USD
CY2015Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7541000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
14947000 USD
CY2014Q4 us-gaap Goodwill
Goodwill
7800000 USD
CY2015Q2 us-gaap Goodwill
Goodwill
7800000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
29396000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
71399000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
35986000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
66915000 USD
CY2014Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
644000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2531000 USD
CY2015Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
840000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1724000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
1152000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
101000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
10799000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
18475000 USD
us-gaap Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
7073000 USD
us-gaap Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
12080000 USD
us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
2652000 USD
us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
3067000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
6344000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
6375000 USD
us-gaap Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
3042000 USD
us-gaap Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
3492000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-6403000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-27540000 USD
CY2014Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
7530000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
7582000 shares
CY2015Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
7221000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
7223000 shares
CY2014Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
656000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
654000 shares
CY2015Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
599000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
610000 shares
CY2014Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4300000 USD
CY2015Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4300000 USD
CY2014Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
12100000 USD
CY2015Q2 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
12100000 USD
CY2014Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
28265000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
56313000 USD
CY2015Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
26145000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
53421000 USD
CY2014Q2 us-gaap Interest Income Operating
InterestIncomeOperating
1878000 USD
us-gaap Interest Income Operating
InterestIncomeOperating
4575000 USD
CY2015Q2 us-gaap Interest Income Operating
InterestIncomeOperating
1736000 USD
CY2015Q2 us-gaap Land Improvements
LandImprovements
2763483000 USD
CY2014Q4 us-gaap Liabilities
Liabilities
2467312000 USD
us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
412000 USD
us-gaap Interest Income Operating
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3556000 USD
us-gaap Interest Paid
InterestPaid
56583000 USD
us-gaap Interest Paid
InterestPaid
54330000 USD
CY2014Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
9496000 USD
CY2015Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
8705000 USD
CY2014Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
13512000 USD
CY2015Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
17963000 USD
CY2014Q4 us-gaap Land
Land
1091550000 USD
CY2015Q2 us-gaap Land
Land
1100490000 USD
CY2014Q4 us-gaap Land Improvements
LandImprovements
2734304000 USD
CY2015Q2 us-gaap Liabilities
Liabilities
2465829000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3446339000 USD
CY2015Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3447508000 USD
CY2014Q4 us-gaap Line Of Credit
LineOfCredit
0 USD
CY2015Q2 us-gaap Line Of Credit
LineOfCredit
0 USD
us-gaap Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
3500000 USD
us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2018-07-17
CY2015Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
400000000 USD
CY2014Q4 us-gaap Loans Receivable Net
LoansReceivableNet
18900000 USD
CY2015Q2 us-gaap Loans Receivable Net
LoansReceivableNet
17900000 USD
CY2014Q4 us-gaap Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
67034000 USD
CY2015Q2 us-gaap Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
66893000 USD
us-gaap Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
2 integer
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-77761000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-130100000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-57266000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-68615000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
161411000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
209946000 USD
us-gaap Net Income Loss
NetIncomeLoss
68639000 USD
CY2014Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
25483000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
63582000 USD
CY2015Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
31786000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
58972000 USD
CY2014Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
27712000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
69292000 USD
CY2015Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
34510000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
64026000 USD
us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
-14564000 USD
us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
0 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
-61781000 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
-23900000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
4391000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
99000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
323000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
5057000 USD
us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
-53000 USD
us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
-1817000 USD
us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
-204000 USD
us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
-942000 USD
us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
-62000 USD
CY2014Q2 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
2229000 USD
us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
5710000 USD
CY2015Q2 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
2724000 USD
us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
5054000 USD
CY2014Q4 us-gaap Notes Receivable Net
NotesReceivableNet
37137000 USD
CY2015Q2 us-gaap Notes Receivable Net
NotesReceivableNet
35464000 USD
us-gaap Notes Reduction
NotesReduction
648000 USD
us-gaap Notes Reduction
NotesReduction
443000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 integer
CY2014Q2 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
94406000 USD
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
186072000 USD
CY2015Q2 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
102179000 USD
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
198657000 USD
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
62769000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
136500000 USD
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
68097000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
150110000 USD
CY2014Q4 us-gaap Other Assets
OtherAssets
53133000 USD
CY2015Q2 us-gaap Other Assets
OtherAssets
39974000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
483000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
927000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
204000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-653000 USD
CY2014Q2 us-gaap Other Income
OtherIncome
2628000 USD
us-gaap Other Income
OtherIncome
4229000 USD
CY2015Q2 us-gaap Other Income
OtherIncome
2178000 USD
us-gaap Other Income
OtherIncome
3297000 USD
CY2014Q2 us-gaap Owned Property Management Costs
OwnedPropertyManagementCosts
10451000 USD
us-gaap Owned Property Management Costs
OwnedPropertyManagementCosts
21083000 USD
CY2015Q2 us-gaap Owned Property Management Costs
OwnedPropertyManagementCosts
11099000 USD
us-gaap Owned Property Management Costs
OwnedPropertyManagementCosts
22389000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
26534000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
42259000 USD
us-gaap Payments For Proceeds From Delayed Tax Exempt Exchange
PaymentsForProceedsFromDelayedTaxExemptExchange
-10576000 USD
us-gaap Payments For Proceeds From Delayed Tax Exempt Exchange
PaymentsForProceedsFromDelayedTaxExemptExchange
0 USD
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
17000000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1720000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
23541000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
47843000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
58862000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
4638000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
4613000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
44226000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
23687000 USD
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
2485000 USD
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
4000000 USD
CY2014Q4 us-gaap Pledged Assets Not Separately Reported Real Estate
PledgedAssetsNotSeparatelyReportedRealEstate
2400000000 USD
CY2015Q2 us-gaap Pledged Assets Not Separately Reported Real Estate
PledgedAssetsNotSeparatelyReportedRealEstate
2200000000 USD
CY2015Q1 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
0.421875
CY2015Q2 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
0.421875
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
9765900 shares
CY2015Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
9945539 shares
CY2014Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
9879000 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
5366000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
54000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
395323000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
496000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
4252000 USD
CY2014Q2 us-gaap Profit Loss
ProfitLoss
30040000 USD
us-gaap Profit Loss
ProfitLoss
73930000 USD
CY2015Q2 us-gaap Profit Loss
ProfitLoss
36826000 USD
us-gaap Profit Loss
ProfitLoss
68639000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-529000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-344000 USD
CY2014Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1169492000 USD
CY2015Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1226027000 USD
CY2014Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
4387913000 USD
CY2015Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
4440429000 USD
CY2014Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3218421000 USD
CY2015Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3214402000 USD
CY2014Q2 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
12157000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
24642000 USD
CY2015Q2 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
12652000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
25246000 USD
us-gaap Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
4029000 USD
us-gaap Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
4147000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
73566000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
437279000 USD
CY2014Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
5000000 USD
CY2015Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
5000000 USD
CY2014Q2 us-gaap Revenues
Revenues
189025000 USD
us-gaap Revenues
Revenues
385770000 USD
CY2015Q2 us-gaap Revenues
Revenues
201480000 USD
us-gaap Revenues
Revenues
409894000 USD
CY2014Q2 us-gaap Sales Of Real Estate
SalesOfRealEstate
6560000 USD
us-gaap Sales Of Real Estate
SalesOfRealEstate
11738000 USD
CY2015Q2 us-gaap Sales Of Real Estate
SalesOfRealEstate
9526000 USD
us-gaap Sales Of Real Estate
SalesOfRealEstate
16463000 USD
CY2014Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
568000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
2994000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
2367000 USD
CY2015Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
1012000 USD
CY2014Q4 us-gaap Secured Debt
SecuredDebt
2012246000 USD
CY2015Q2 us-gaap Secured Debt
SecuredDebt
1966517000 USD
CY2014Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
2869000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
5432000 USD
CY2015Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
3512000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
6034000 USD
CY2014Q2 us-gaap Selling Expense
SellingExpense
628000 USD
us-gaap Selling Expense
SellingExpense
1197000 USD
CY2015Q2 us-gaap Selling Expense
SellingExpense
720000 USD
us-gaap Selling Expense
SellingExpense
1525000 USD
CY2014Q2 us-gaap Share Based Compensation
ShareBasedCompensation
1700000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2431000 USD
CY2015Q2 us-gaap Share Based Compensation
ShareBasedCompensation
2200000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3960000 USD
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
3405794 shares
us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 USD
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
509000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
3816000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
911993000 USD
CY2015Q2 us-gaap Stockholders Equity
StockholdersEquity
914786000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
979027000 USD
CY2015Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
981679000 USD
CY2014Q4 us-gaap Unsecured Debt
UnsecuredDebt
200000000 USD
CY2015Q2 us-gaap Unsecured Debt
UnsecuredDebt
200000000 USD
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
91420000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
91411000 shares
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
91851000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
91829000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
83234000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
83175000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
84031000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
83996000 shares

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0000895417-15-000056.txt Edgar Link pending
0000895417-15-000056-xbrl.zip Edgar Link pending
els-20150630.xml Edgar Link completed
els-20150630.xsd Edgar Link pending
els-20150630_cal.xml Edgar Link unprocessable
els-20150630_def.xml Edgar Link unprocessable
els-20150630_lab.xml Edgar Link unprocessable
els-20150630_pre.xml Edgar Link unprocessable
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