2018 Q3 Form 10-Q Financial Statement

#000089541718000057 Filed on October 25, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2017 Q3
Revenue $256.7M $241.6M
YoY Change 6.23% 6.84%
Cost Of Revenue $122.9M $119.4M
YoY Change 2.93% 7.28%
Gross Profit $128.3M $84.82M
YoY Change 51.25% 9.27%
Gross Profit Margin 49.99% 35.11%
Selling, General & Admin $12.38M $10.78M
YoY Change 14.86% 0.27%
% of Gross Profit 9.65% 12.71%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $35.40M $30.90M
YoY Change 14.56% -0.64%
% of Gross Profit 27.59% 36.43%
Operating Expenses $12.38M $10.78M
YoY Change 14.86% 0.27%
Operating Profit $115.9M $84.82M
YoY Change 36.65% 9.27%
Interest Expense -$21.10M -$23.00M
YoY Change -8.26% 0.44%
% of Operating Profit -18.2% -27.11%
Other Income/Expense, Net $386.0K $324.0K
YoY Change 19.14%
Pretax Income $58.87M $54.18M
YoY Change 8.66% 17.12%
Income Tax
% Of Pretax Income
Net Earnings $59.66M $48.53M
YoY Change 22.95% 18.36%
Net Earnings / Revenue 23.24% 20.08%
Basic Earnings Per Share $0.31 $0.56
Diluted Earnings Per Share $0.31 $0.56
COMMON SHARES
Basic Shares Outstanding 178.4M shares 87.04M shares
Diluted Shares Outstanding 190.5M shares 93.32M shares

Balance Sheet

Concept 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $107.1M $72.10M
YoY Change 48.54% 13.54%
Cash & Equivalents $121.5M $77.40M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $107.1M $72.10M
YoY Change 48.54% 13.54%
LONG-TERM ASSETS
Property, Plant & Equipment $3.553B $3.267B
YoY Change 8.76% -0.17%
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 $57.40M $53.00M
YoY Change 8.3% 176.04%
Other Assets $89.40M $72.50M
YoY Change 23.31% 5.38%
Total Long-Term Assets $3.748B $3.454B
YoY Change 8.52% 1.38%
TOTAL ASSETS
Total Short-Term Assets $107.1M $72.10M
Total Long-Term Assets $3.748B $3.454B
Total Assets $3.855B $3.526B
YoY Change 9.34% 1.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $102.6M $106.7M
YoY Change -3.84%
Accrued Expenses $8.400M $8.000M
YoY Change 5.0% -92.13%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $163.5M $160.2M
YoY Change 2.06% 13.7%
LONG-TERM LIABILITIES
Long-Term Debt $2.295B $2.181B
YoY Change 5.21% 4.26%
Other Long-Term Liabilities $206.2M $169.4M
YoY Change 21.72% 3.99%
Total Long-Term Liabilities $2.501B $2.351B
YoY Change 6.4% 4.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $163.5M $160.2M
Total Long-Term Liabilities $2.501B $2.351B
Total Liabilities $2.665B $2.511B
YoY Change 6.13% 4.8%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $1.327B $1.166B
YoY Change 13.81% 6.17%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.119B $951.8M
YoY Change
Total Liabilities & Shareholders Equity $3.855B $3.526B
YoY Change 9.34% 1.6%

Cashflow Statement

Concept 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $59.66M $48.53M
YoY Change 22.95% 18.36%
Depreciation, Depletion And Amortization $35.40M $30.90M
YoY Change 14.56% -0.64%
Cash From Operating Activities $94.80M $90.30M
YoY Change 4.98% 2.85%
INVESTING ACTIVITIES
Capital Expenditures -$125.5M -$34.50M
YoY Change 263.77% 2.68%
Acquisitions
YoY Change
Other Investing Activities $4.200M -$31.10M
YoY Change -113.5% -963.89%
Cash From Investing Activities -$121.3M -$65.70M
YoY Change 84.63% 119.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 93.90M -15.00M
YoY Change -726.0% -76.53%
NET CHANGE
Cash From Operating Activities 94.80M 90.30M
Cash From Investing Activities -121.3M -65.70M
Cash From Financing Activities 93.90M -15.00M
Net Change In Cash 67.40M 9.600M
YoY Change 602.08% -257.38%
FREE CASH FLOW
Cash From Operating Activities $94.80M $90.30M
Capital Expenditures -$125.5M -$34.50M
Free Cash Flow $220.3M $124.8M
YoY Change 76.52% 2.8%

Facts In Submission

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CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
54179000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
159527000 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
58872000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
169410000 USD
CY2017Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
686000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2876000 USD
CY2018Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
788000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3596000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
337000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
-280000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
16752000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
13858000 USD
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
3560000 USD
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
3424000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-21822000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-17910000 USD
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
-3305000 USD
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
665000 USD
CY2017Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
5836000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
6100000 shares
CY2018Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
5771000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
5808000 shares
CY2017Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
451000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
415000 shares
CY2018Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
292000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
259000 shares
CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
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4300000 USD
CY2018Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4300000 USD
CY2017Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
12100000 USD
CY2018Q3 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
12100000 USD
CY2017Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
25027000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
74728000 USD
CY2018Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
26490000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
78478000 USD
CY2017Q3 us-gaap Interest Income Operating
InterestIncomeOperating
1974000 USD
us-gaap Interest Income Operating
InterestIncomeOperating
5542000 USD
CY2018Q3 us-gaap Interest Income Operating
InterestIncomeOperating
1846000 USD
us-gaap Interest Income Operating
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5658000 USD
us-gaap Interest Paid Net
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76713000 USD
us-gaap Interest Paid Net
InterestPaidNet
76881000 USD
CY2017Q4 us-gaap Interest Payable Current And Noncurrent
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8387000 USD
CY2018Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
8369000 USD
CY2017Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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53080000 USD
CY2018Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
57366000 USD
CY2017Q4 us-gaap Land
Land
1221375000 USD
CY2018Q3 us-gaap Land
Land
1342925000 USD
CY2017Q4 us-gaap Land Improvements
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3045221000 USD
CY2018Q3 us-gaap Land Improvements
LandImprovements
3114815000 USD
CY2017Q4 us-gaap Liabilities
Liabilities
2509990000 USD
CY2018Q3 us-gaap Liabilities
Liabilities
2664520000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3610032000 USD
CY2018Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3855037000 USD
CY2017Q4 us-gaap Line Of Credit
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30000000 USD
CY2018Q3 us-gaap Line Of Credit
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80000000 USD
CY2018Q3 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.047
CY2017Q4 us-gaap Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
68088000 USD
CY2018Q3 us-gaap Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
71758000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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-146281000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4652000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-135986000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-244469000 USD
us-gaap Other Expenses
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1096000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
303322000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
321142000 USD
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
63075000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
44462000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
54865000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
64177000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
49169000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
59660000 USD
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
48525000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
144911000 USD
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
56070000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
162429000 USD
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
51811000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
154736000 USD
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
59660000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
172998000 USD
us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
5900000 USD
us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
9200000 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
110000 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
0 USD
us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
0 USD
us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
9000 USD
us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
0 USD
us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
79000 USD
us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
32000 USD
us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
1066000 USD
CY2017Q3 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
3286000 USD
us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
9825000 USD
CY2018Q3 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
3590000 USD
us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
10569000 USD
CY2017Q4 us-gaap Notes Receivable Net
NotesReceivableNet
49477000 USD
CY2018Q3 us-gaap Notes Receivable Net
NotesReceivableNet
35889000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 integer
CY2017Q4 us-gaap Other Assets
OtherAssets
45828000 USD
CY2018Q3 us-gaap Other Assets
OtherAssets
55838000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
226000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
31000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-30000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
227000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
1873000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
764000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
380000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
3017000 USD
CY2017Q3 us-gaap Other Expenses
OtherExpenses
324000 USD
us-gaap Other Expenses
OtherExpenses
814000 USD
CY2018Q3 us-gaap Other Expenses
OtherExpenses
386000 USD
CY2017Q3 us-gaap Other Income
OtherIncome
2052000 USD
us-gaap Other Income
OtherIncome
3918000 USD
us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
-134000 USD
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
6615000 USD
CY2018Q3 us-gaap Other Income
OtherIncome
5421000 USD
us-gaap Other Income
OtherIncome
9774000 USD
CY2017Q3 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
34412000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
87877000 USD
CY2018Q3 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
47061000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
128436000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1864000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1878000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
121114000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
140850000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
8786000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
9250000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
6910000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
8000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
723000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1433000 USD
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
33479000 USD
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
3914000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
2163000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
131804000 USD
CY2017Q4 us-gaap Pledged Assets Not Separately Reported Real Estate
PledgedAssetsNotSeparatelyReportedRealEstate
2323100000 USD
CY2018Q3 us-gaap Pledged Assets Not Separately Reported Real Estate
PledgedAssetsNotSeparatelyReportedRealEstate
2508500000 USD
us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.0675
CY2017Q1 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
0.421875
CY2017Q2 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
0.421875
CY2017Q3 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
0.421875
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2018Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
us-gaap Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
136144000 USD
us-gaap Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
0 USD
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2018Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2018Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2018Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2018Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
7643000 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
21618000 USD
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
1547000 USD
us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
-3353000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
146000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
64014000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
1615000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
1610000 USD
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
42037000 USD
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
78755000 USD
us-gaap Proceeds From Loans
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64000000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
0 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
224000000 USD
CY2017Q3 us-gaap Profit Loss
ProfitLoss
54865000 USD
us-gaap Profit Loss
ProfitLoss
162403000 USD
CY2018Q3 us-gaap Profit Loss
ProfitLoss
59660000 USD
us-gaap Profit Loss
ProfitLoss
173006000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-52000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
412000 USD
CY2017Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1516694000 USD
CY2018Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1613158000 USD
CY2017Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
4915813000 USD
CY2018Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
5166340000 USD
CY2017Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3399119000 USD
CY2018Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3553182000 USD
CY2017Q3 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
14006000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
41986000 USD
CY2018Q3 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
13240000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
40815000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
0 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
174000000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
60392000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
36308000 USD
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
5300000 USD
CY2018Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
5300000 USD
CY2017Q3 us-gaap Revenues
Revenues
241625000 USD
us-gaap Revenues
Revenues
695326000 USD
CY2018Q3 us-gaap Revenues
Revenues
256675000 USD
us-gaap Revenues
Revenues
743202000 USD
CY2017Q4 us-gaap Secured Debt
SecuredDebt
1971715000 USD
CY2018Q3 us-gaap Secured Debt
SecuredDebt
2016257000 USD
CY2017Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
3277000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
8861000 USD
CY2018Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
3568000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
9685000 USD
CY2017Q3 us-gaap Selling Expense
SellingExpense
1447000 USD
us-gaap Selling Expense
SellingExpense
3301000 USD
CY2018Q3 us-gaap Selling Expense
SellingExpense
1101000 USD
us-gaap Selling Expense
SellingExpense
3149000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
6813000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
7287000 USD
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2927923 shares
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
6270 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
1335247 shares
us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
87718 shares
CY2017Q1 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 USD
CY2017Q2 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 USD
CY2017Q3 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 USD
CY2018Q1 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 USD
CY2018Q2 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 USD
CY2018Q3 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 USD
CY2017Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
403000 USD
CY2017Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
361000 USD
CY2017Q3 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
851000 USD
CY2018Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
503000 USD
CY2018Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
343000 USD
CY2018Q3 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
765000 USD
CY2017Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
42037000 USD
CY2018Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
78755000 USD
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
138400000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
1031954000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
1118759000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1081847000 USD
CY2017Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1099746000 USD
CY2017Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1099411000 USD
CY2017Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1015175000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1100042000 USD
CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1101139000 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1101831000 USD
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1190517000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest Adjusted Balance1
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1
1084856000 USD
CY2017Q4 us-gaap Unsecured Debt
UnsecuredDebt
198302000 USD
CY2018Q3 us-gaap Unsecured Debt
UnsecuredDebt
198545000 USD
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
93324000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
93135000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
95263000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
94827000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
87037000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
86620000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
89200000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
88760000 shares
us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our revenue streams are predominantly derived from customers renting our Sites and are accounted for in accordance with ("ASC 840"), </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Leases</font><font style="font-family:inherit;font-size:10pt;">, which include the following classifications on the Consolidated Statements of Income and Comprehensive Income: Community base rental income; Rental home income; Resort base rental income; and Utility and other income. Customers lease the Site on which their home is located, and either own or lease their home. Lease revenues for Sites and homes are accounted for as operating leases and recognized over the term of the respective lease or the length of a customer&#8217;s stay. A typical lease for the rental of a Site between us and the owner or renter of a home is month-to-month or for a one-year term, renewable upon the consent of both parties, or in some instances, as provided by statute.</font></div></div>

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