2016 Q2 Form 10-Q Financial Statement

#000089541716000107 Filed on July 27, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $210.1M $201.5M
YoY Change 4.27% 6.59%
Cost Of Revenue $102.6M $98.70M
YoY Change 3.95% 7.75%
Gross Profit $72.09M $68.10M
YoY Change 5.86% 8.49%
Gross Profit Margin 34.32% 33.8%
Selling, General & Admin $11.19M $11.05M
YoY Change 1.2% 14.38%
% of Gross Profit 15.52% 16.23%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $29.80M $29.20M
YoY Change 2.05% -0.68%
% of Gross Profit 41.34% 42.88%
Operating Expenses $11.19M $11.05M
YoY Change 1.2% 14.38%
Operating Profit $72.09M $68.10M
YoY Change 5.86% 8.49%
Interest Expense -$23.30M -$24.00M
YoY Change -2.92% -6.25%
% of Operating Profit -32.32% -35.24%
Other Income/Expense, Net
YoY Change
Pretax Income $40.04M $35.99M
YoY Change 11.26% 22.42%
Income Tax
% Of Pretax Income
Net Earnings $35.49M $31.79M
YoY Change 11.65% 24.73%
Net Earnings / Revenue 16.89% 15.78%
Basic Earnings Per Share $0.42 $0.38
Diluted Earnings Per Share $0.42 $0.38
COMMON SHARES
Basic Shares Outstanding 84.52M shares 84.03M shares
Diluted Shares Outstanding 92.26M shares 91.85M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $69.60M $79.90M
YoY Change -12.89% 0.13%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $69.60M $79.90M
YoY Change -12.89% 0.13%
LONG-TERM ASSETS
Property, Plant & Equipment $3.279B $3.214B
YoY Change 2.0% 0.73%
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 $23.20M $18.00M
YoY Change 28.89% 22.45%
Other Assets $68.30M $87.60M
YoY Change -22.03% -7.1%
Total Long-Term Assets $3.416B $3.368B
YoY Change 1.44% 0.51%
TOTAL ASSETS
Total Short-Term Assets $69.60M $79.90M
Total Long-Term Assets $3.416B $3.368B
Total Assets $3.486B $3.448B
YoY Change 1.1% 0.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $86.70M $94.50M
YoY Change -8.25% 8.25%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $126.0M $128.8M
YoY Change -2.17% 10.18%
LONG-TERM LIABILITIES
Long-Term Debt $2.115B $2.167B
YoY Change -2.37% -0.83%
Other Long-Term Liabilities $178.5M $170.5M
YoY Change 4.69% 10.93%
Total Long-Term Liabilities $2.294B $2.337B
YoY Change -1.86% -0.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $126.0M $128.8M
Total Long-Term Liabilities $2.294B $2.337B
Total Liabilities $2.420B $2.466B
YoY Change -1.87% 0.43%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $1.095B $1.038B
YoY Change 5.48% 1.16%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $993.3M $914.8M
YoY Change
Total Liabilities & Shareholders Equity $3.486B $3.448B
YoY Change 1.1% 0.5%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $35.49M $31.79M
YoY Change 11.65% 24.73%
Depreciation, Depletion And Amortization $29.80M $29.20M
YoY Change 2.05% -0.68%
Cash From Operating Activities $85.00M $100.7M
YoY Change -15.59% 47.65%
INVESTING ACTIVITIES
Capital Expenditures -$102.0M -$37.40M
YoY Change 172.73% 125.3%
Acquisitions
YoY Change
Other Investing Activities $0.00 $400.0K
YoY Change -100.0% 0.0%
Cash From Investing Activities -$102.1M -$37.00M
YoY Change 175.95% 129.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -5.200M -81.50M
YoY Change -93.62% 243.88%
NET CHANGE
Cash From Operating Activities 85.00M 100.7M
Cash From Investing Activities -102.1M -37.00M
Cash From Financing Activities -5.200M -81.50M
Net Change In Cash -22.30M -17.80M
YoY Change 25.28% -162.68%
FREE CASH FLOW
Cash From Operating Activities $85.00M $100.7M
Capital Expenditures -$102.0M -$37.40M
Free Cash Flow $187.0M $138.1M
YoY Change 35.41% 62.85%

Facts In Submission

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CY2016Q2 us-gaap Customer Advances And Deposits
CustomerAdvancesAndDeposits
84821000 USD
CY2016Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.05533
us-gaap Debt Instrument Term
DebtInstrumentTerm
P1Y
CY2016Q2 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.049 Rate
CY2014Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
28589000 USD
CY2015Q2 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
29960000 USD
CY2015Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
30865000 USD
CY2016Q2 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
31084000 USD
CY2015Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
19700000 USD
CY2016Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
18900000 USD
CY2014Q4 us-gaap Deferred Revenue
DeferredRevenue
74174000 USD
CY2015Q2 us-gaap Deferred Revenue
DeferredRevenue
76402000 USD
CY2015Q4 us-gaap Deferred Revenue
DeferredRevenue
78405000 USD
CY2016Q2 us-gaap Deferred Revenue
DeferredRevenue
79505000 USD
us-gaap Deferred Revenue Additions
DeferredRevenueAdditions
6375000 USD
us-gaap Deferred Revenue Additions
DeferredRevenueAdditions
5618000 USD
us-gaap Deferred Revenue Period Increase Decrease
DeferredRevenuePeriodIncreaseDecrease
2228000 USD
us-gaap Deferred Revenue Period Increase Decrease
DeferredRevenuePeriodIncreaseDecrease
1100000 USD
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
4147000 USD
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
4518000 USD
us-gaap Depreciation
Depreciation
56989000 USD
us-gaap Depreciation
Depreciation
58242000 USD
us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-869000 USD
us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-614000 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
CY2016Q2 us-gaap Derivative Instruments Loss Recognized In Other Comprehensive Income Effective Portion
DerivativeInstrumentsLossRecognizedInOtherComprehensiveIncomeEffectivePortion
338000 USD
us-gaap Derivative Instruments Loss Recognized In Other Comprehensive Income Effective Portion
DerivativeInstrumentsLossRecognizedInOtherComprehensiveIncomeEffectivePortion
1258000 USD
us-gaap Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
3139000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1646000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
101000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
-361000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
18475000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2453000 USD
us-gaap Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
12080000 USD
us-gaap Dividends
Dividends
82929000 USD
CY2015Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
34315000 USD
CY2016Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
39300000 USD
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.38
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.70
CY2016Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.42
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.02
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.38
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.70
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.42
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.01
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
1161000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
1041000 USD
us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
16922000 USD
us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
0 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2600000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2700000 USD
CY2015Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
69000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-16922000 USD
CY2016Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2015Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7541000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
14947000 USD
CY2016Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8255000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
15663000 USD
CY2015Q4 us-gaap Goodwill
Goodwill
7800000 USD
CY2016Q2 us-gaap Goodwill
Goodwill
7800000 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
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
40039000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
96348000 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 Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1700000 USD
CY2016Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
765000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1600000 USD
us-gaap Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
10434000 USD
us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
3067000 USD
us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
2238000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
6375000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
5618000 USD
us-gaap Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
3492000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-27540000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-13137000 USD
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
CY2016Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
7205000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
7206000 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
CY2016Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
543000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
538000 shares
CY2015Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4300000 USD
CY2016Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4300000 USD
CY2015Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
12100000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
4613000 USD
CY2016Q2 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
12100000 USD
CY2015Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
26145000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
53421000 USD
CY2016Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
25561000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
51195000 USD
CY2015Q2 us-gaap Interest Income Operating
InterestIncomeOperating
1736000 USD
us-gaap Interest Income Operating
InterestIncomeOperating
3556000 USD
CY2016Q2 us-gaap Interest Income Operating
InterestIncomeOperating
1625000 USD
us-gaap Interest Income Operating
InterestIncomeOperating
3285000 USD
us-gaap Interest Paid
InterestPaid
54330000 USD
us-gaap Interest Paid
InterestPaid
53121000 USD
CY2015Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
8715000 USD
CY2016Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
8488000 USD
CY2015Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
17741000 USD
CY2016Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
23223000 USD
CY2015Q4 us-gaap Land
Land
1101676000 USD
CY2016Q2 us-gaap Land
Land
1142651000 USD
CY2015Q4 us-gaap Land Improvements
LandImprovements
2787882000 USD
CY2016Q2 us-gaap Land Improvements
LandImprovements
2867006000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
2407709000 USD
CY2016Q2 us-gaap Liabilities
Liabilities
2419659000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3400400000 USD
CY2016Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3485575000 USD
CY2015Q4 us-gaap Line Of Credit
LineOfCredit
0 USD
CY2016Q2 us-gaap Line Of Credit
LineOfCredit
0 USD
CY2016Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
400000000 USD
CY2015Q4 us-gaap Loans Receivable Net
LoansReceivableNet
17600000 USD
CY2016Q2 us-gaap Loans Receivable Net
LoansReceivableNet
16600000 USD
CY2016Q1 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
187000 USD
CY2015Q4 us-gaap Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
67623000 USD
CY2016Q2 us-gaap Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
72588000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-130100000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
323000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-644000 USD
CY2015Q2 us-gaap Other Income
OtherIncome
2178000 USD
us-gaap Other Income
OtherIncome
3297000 USD
CY2016Q2 us-gaap Other Income
OtherIncome
2270000 USD
us-gaap Other Income
OtherIncome
3993000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
824000 USD
us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-56104000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-68615000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-136090000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
209946000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
186807000 USD
us-gaap Net Income Loss
NetIncomeLoss
97995000 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
CY2016Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
35490000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
86073000 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
CY2016Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
38488000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
93381000 USD
us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
22010000 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
23900000 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
100148000 USD
us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
53000 USD
us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
20000 USD
us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
-204000 USD
us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
0 USD
us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
62000 USD
us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
1955000 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
CY2016Q2 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
2998000 USD
us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
7308000 USD
CY2015Q4 us-gaap Notes Receivable Net
NotesReceivableNet
35463000 USD
CY2016Q2 us-gaap Notes Receivable Net
NotesReceivableNet
33837000 USD
us-gaap Notes Reduction
NotesReduction
443000 USD
us-gaap Notes Reduction
NotesReduction
445000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 integer
CY2015Q2 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
102179000 USD
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
198657000 USD
CY2016Q2 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
106242000 USD
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
207394000 USD
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
68097000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
150110000 USD
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
72090000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
160347000 USD
CY2015Q4 us-gaap Other Assets
OtherAssets
40897000 USD
CY2016Q2 us-gaap Other Assets
OtherAssets
43997000 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
CY2016Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-36000 USD
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
4000000 USD
CY2015Q2 us-gaap Owned Property Management Costs
OwnedPropertyManagementCosts
11099000 USD
us-gaap Owned Property Management Costs
OwnedPropertyManagementCosts
22389000 USD
CY2016Q2 us-gaap Owned Property Management Costs
OwnedPropertyManagementCosts
12044000 USD
us-gaap Owned Property Management Costs
OwnedPropertyManagementCosts
23807000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
42259000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
55707000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
23541000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
5000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
58862000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
67565000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
5057000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
5766000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
4613000 USD
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
5000000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
23687000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
76203000 USD
CY2015Q4 us-gaap Pledged Assets Not Separately Reported Real Estate
PledgedAssetsNotSeparatelyReportedRealEstate
2200000000 USD
CY2016Q2 us-gaap Pledged Assets Not Separately Reported Real Estate
PledgedAssetsNotSeparatelyReportedRealEstate
2300000000 USD
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2016Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
9945539 shares
CY2016Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
9945539 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
5366000 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
5176000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
395323000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
4252000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
5233000 USD
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
50000000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
5200000 USD
CY2015Q2 us-gaap Profit Loss
ProfitLoss
36826000 USD
us-gaap Profit Loss
ProfitLoss
68639000 USD
CY2016Q2 us-gaap Profit Loss
ProfitLoss
40804000 USD
us-gaap Profit Loss
ProfitLoss
97994000 USD
CY2015Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1282423000 USD
CY2016Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1339298000 USD
CY2015Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
4477599000 USD
CY2016Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
4617861000 USD
CY2015Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3195176000 USD
CY2016Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3278563000 USD
CY2015Q2 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
12652000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
25246000 USD
CY2016Q2 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
12869000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
26067000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
437279000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
32564000 USD
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
5000000 USD
CY2016Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
5300000 USD
CY2015Q2 us-gaap Revenues
Revenues
201480000 USD
us-gaap Revenues
Revenues
409894000 USD
CY2016Q2 us-gaap Revenues
Revenues
210081000 USD
us-gaap Revenues
Revenues
430228000 USD
CY2015Q2 us-gaap Sales Of Real Estate
SalesOfRealEstate
9526000 USD
us-gaap Sales Of Real Estate
SalesOfRealEstate
16463000 USD
CY2016Q2 us-gaap Sales Of Real Estate
SalesOfRealEstate
9130000 USD
us-gaap Sales Of Real Estate
SalesOfRealEstate
17344000 USD
CY2015Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
1012000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
2994000 USD
CY2016Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
398000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
1816000 USD
CY2015Q4 us-gaap Secured Debt
SecuredDebt
1926880000 USD
CY2016Q2 us-gaap Secured Debt
SecuredDebt
1915834000 USD
CY2015Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
3512000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
6034000 USD
CY2016Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
2931000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
5424000 USD
CY2015Q2 us-gaap Selling Expense
SellingExpense
720000 USD
us-gaap Selling Expense
SellingExpense
1525000 USD
CY2016Q2 us-gaap Selling Expense
SellingExpense
805000 USD
us-gaap Selling Expense
SellingExpense
1639000 USD
CY2015Q2 us-gaap Share Based Compensation
ShareBasedCompensation
2200000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3960000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4000000 USD
CY2016Q2 us-gaap Share Based Compensation
ShareBasedCompensation
2500000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4400000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4393000 USD
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
3264282 shares
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
74.53
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
220000 shares
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
275000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
50000000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
5232000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
274000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
925068000 USD
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
993328000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
992691000 USD
CY2016Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1065916000 USD
CY2015Q4 us-gaap Unsecured Debt
UnsecuredDebt
199172000 USD
CY2016Q2 us-gaap Unsecured Debt
UnsecuredDebt
199276000 USD
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
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
92264000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
92163000 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
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
84516000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
84419000 shares

Files In Submission

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0000895417-16-000107-index-headers.html Edgar Link pending
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0000895417-16-000107.txt Edgar Link pending
0000895417-16-000107-xbrl.zip Edgar Link pending
els-20160630.xml Edgar Link completed
els-20160630.xsd Edgar Link pending
els-20160630_cal.xml Edgar Link unprocessable
els-20160630_def.xml Edgar Link unprocessable
els-20160630_lab.xml Edgar Link unprocessable
els-20160630_pre.xml Edgar Link unprocessable
els630201610q.htm Edgar Link pending
elsex104amendedandrestated.htm Edgar Link pending
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elsex312630201610q.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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