$FCPT
Four Corners Property Trust, Inc.

2017 Q2 Form 10-Q Financial Statement

#000165013217000007 Filed on August 08, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $33.15M $30.89M
YoY Change 7.32% 568.1%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $8.040M $7.100M
YoY Change 13.24% 63.59%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.400M $5.100M
YoY Change 5.88% 2450.0%
% of Gross Profit
Operating Expenses $13.46M $16.06M
YoY Change -16.18% 255.31%
Operating Profit
YoY Change
Interest Expense $4.509M $3.858M
YoY Change 16.87%
% of Operating Profit
Other Income/Expense, Net $30.00K $20.00K
YoY Change 50.0%
Pretax Income $18.50M $14.85M
YoY Change 24.58% 14179.81%
Income Tax $61.00K $50.00K
% Of Pretax Income 0.33% 0.34%
Net Earnings $18.31M $14.80M
YoY Change 23.73% 10945.52%
Net Earnings / Revenue 55.24% 47.91%
Basic Earnings Per Share $0.30 $0.25
Diluted Earnings Per Share $0.30 $0.25
COMMON SHARES
Basic Shares Outstanding 60.32M shares 59.83M shares
Diluted Shares Outstanding 60.44M shares 59.84M shares

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $81.30M $38.70M
YoY Change 110.08% -48.05%
Cash & Equivalents $81.33M $38.73M
Short-Term Investments
Other Short-Term Assets $400.0K $400.0K
YoY Change 0.0% 300.0%
Inventory $152.0K $166.0K
Prepaid Expenses
Receivables $200.0K $100.0K
Other Receivables $0.00 $0.00
Total Short-Term Assets $82.10M $39.40M
YoY Change 108.38% -47.4%
LONG-TERM ASSETS
Property, Plant & Equipment $949.4M $818.4M
YoY Change 16.01% -2.42%
Goodwill
YoY Change
Intangibles $2.301M
YoY Change
Long-Term Investments
YoY Change
Other Assets $18.40M $6.700M
YoY Change 174.63% 6600.0%
Total Long-Term Assets $972.2M $825.3M
YoY Change 17.8% -1.95%
TOTAL ASSETS
Total Short-Term Assets $82.10M $39.40M
Total Long-Term Assets $972.2M $825.3M
Total Assets $1.054B $864.7M
YoY Change 21.93% -5.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $500.0K $700.0K
YoY Change -28.57% 75.0%
Accrued Expenses $3.000M $2.300M
YoY Change 30.43% 2200.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $26.50M $25.40M
YoY Change 4.33% 3528.57%
LONG-TERM LIABILITIES
Long-Term Debt $518.0M $393.1M
YoY Change 31.77% 0.15%
Other Long-Term Liabilities $1.400M $10.20M
YoY Change -86.27% 920.0%
Total Long-Term Liabilities $519.4M $403.3M
YoY Change 28.79% 2.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $26.50M $25.40M
Total Long-Term Liabilities $519.4M $403.3M
Total Liabilities $546.2M $428.9M
YoY Change 27.35% -9.35%
SHAREHOLDERS EQUITY
Retained Earnings $30.42M $7.248M
YoY Change 319.74%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $508.1M $435.8M
YoY Change
Total Liabilities & Shareholders Equity $1.054B $864.7M
YoY Change 21.93% -5.66%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $18.31M $14.80M
YoY Change 23.73% 10945.52%
Depreciation, Depletion And Amortization $5.400M $5.100M
YoY Change 5.88% 2450.0%
Cash From Operating Activities $20.20M $17.20M
YoY Change 17.44% 3340.0%
INVESTING ACTIVITIES
Capital Expenditures -$52.30M $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $4.900M
YoY Change
Cash From Investing Activities -$47.40M $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 90.40M -14.50M
YoY Change -723.45% 2800.0%
NET CHANGE
Cash From Operating Activities 20.20M 17.20M
Cash From Investing Activities -47.40M 0.000
Cash From Financing Activities 90.40M -14.50M
Net Change In Cash 63.20M 2.700M
YoY Change 2240.74% -2800.0%
FREE CASH FLOW
Cash From Operating Activities $20.20M $17.20M
Capital Expenditures -$52.30M $0.00
Free Cash Flow $72.50M $17.20M
YoY Change 321.51% 2766.67%

Facts In Submission

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IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
6000 shares
CY2017Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
111000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
90000 shares
CY2016Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1809000 USD
CY2017Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
2498000 USD
CY2016Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1772000 USD
CY2017Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2301000 USD
CY2016Q2 us-gaap Interest Expense
InterestExpense
3858000 USD
us-gaap Interest Expense
InterestExpense
8039000 USD
CY2017Q2 us-gaap Interest Expense
InterestExpense
4508000 USD
us-gaap Interest Expense
InterestExpense
8604000 USD
us-gaap Interest Paid
InterestPaid
6556000 USD
us-gaap Interest Paid
InterestPaid
7724000 USD
CY2016Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
1134000 USD
CY2017Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
1137000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2016Q4 us-gaap Inventory Net
InventoryNet
202000 USD
CY2017Q2 us-gaap Inventory Net
InventoryNet
152000 USD
CY2016Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1055624000 USD
CY2017Q2 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1098306000 USD
CY2016Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
421941000 USD
CY2017Q2 us-gaap Land And Land Improvements
LandAndLandImprovements
441035000 USD
CY2016Q4 us-gaap Liabilities
Liabilities
467034000 USD
CY2017Q2 us-gaap Liabilities
Liabilities
546155000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
937151000 USD
CY2017Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1054293000 USD
us-gaap Limited Partners Capital Account Distribution Amount
LimitedPartnersCapitalAccountDistributionAmount
249000 USD
CY2016Q2 us-gaap Loss On Cash Flow Hedge Ineffectiveness
LossOnCashFlowHedgeIneffectiveness
5000 USD
us-gaap Loss On Cash Flow Hedge Ineffectiveness
LossOnCashFlowHedgeIneffectiveness
353000 USD
CY2016Q4 us-gaap Minority Interest
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5097000 USD
CY2017Q2 us-gaap Minority Interest
MinorityInterest
7717000 USD
CY2017Q2 us-gaap Minority Interest Ownership Percentage By Noncontrolling Owners
MinorityInterestOwnershipPercentageByNoncontrollingOwners
0.0066
CY2017Q2 us-gaap Minority Interest Ownership Percentage By Parent
MinorityInterestOwnershipPercentageByParent
0.9934
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-92586000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
74585000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-24000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-59134000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
33269000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
39234000 USD
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
14801000 USD
us-gaap Net Income Loss
NetIncomeLoss
109085000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
18313000 USD
us-gaap Net Income Loss
NetIncomeLoss
33836000 USD
CY2016Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2017Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
128000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
245000 USD
us-gaap Notes Assumed1
NotesAssumed1
2305000 USD
CY2016Q4 us-gaap Notes Payable
NotesPayable
438895000 USD
CY2017Q2 us-gaap Notes Payable
NotesPayable
518018000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 state
CY2017Q2 us-gaap Number Of Restaurants
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298 restaurant
CY2017Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
44 state
CY2016Q2 us-gaap Operating Expenses
OperatingExpenses
16060000 USD
us-gaap Operating Expenses
OperatingExpenses
33444000 USD
CY2017Q2 us-gaap Operating Expenses
OperatingExpenses
17976000 USD
us-gaap Operating Expenses
OperatingExpenses
35000000 USD
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
1518000 USD
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
90000 USD
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
246000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
855000 USD
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
407000 USD
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
518000 USD
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
0 USD
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
1571646000 USD
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
111494000 USD
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
110032000 USD
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
108490000 USD
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
106926000 USD
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Receivable Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear
52836000 USD
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
968605000 USD
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
257000 USD
CY2016Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
142000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
277000 USD
CY2017Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
156000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
313000 USD
CY2016Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
901000 USD
CY2017Q2 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
753000 USD
CY2016Q4 us-gaap Other Assets
OtherAssets
3819000 USD
CY2017Q2 us-gaap Other Assets
OtherAssets
3827000 USD
CY2016Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
631000 USD
CY2017Q2 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
436000 USD
CY2016Q2 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
-2088000 USD
us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
-8546000 USD
CY2017Q2 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
-430000 USD
us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
855000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
0 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
0 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-7000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
3000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-979000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-1964000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-409000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-1034000 USD
CY2016Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-3067000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-10510000 USD
CY2017Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-839000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-179000 USD
CY2016Q2 us-gaap Other Cost Of Services
OtherCostOfServices
4593000 USD
us-gaap Other Cost Of Services
OtherCostOfServices
9291000 USD
CY2017Q2 us-gaap Other Cost Of Services
OtherCostOfServices
4583000 USD
us-gaap Other Cost Of Services
OtherCostOfServices
9251000 USD
CY2016Q2 us-gaap Other Income
OtherIncome
18000 USD
us-gaap Other Income
OtherIncome
78000 USD
CY2017Q2 us-gaap Other Income
OtherIncome
34000 USD
us-gaap Other Income
OtherIncome
39000 USD
CY2016Q4 us-gaap Other Liabilities
OtherLiabilities
5450000 USD
CY2017Q2 us-gaap Other Liabilities
OtherLiabilities
4932000 USD
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
0 USD
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
122000 USD
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
0 USD
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
249000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
92586000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
29054000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1690000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
24000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
64013000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
988000 USD
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2017Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2017Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q4 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
0 USD
CY2017Q2 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
0 USD
CY2016Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
614000 USD
CY2017Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
414000 USD
CY2016Q2 us-gaap Prior Period Reclassification Adjustment
PriorPeriodReclassificationAdjustment
18000 USD
us-gaap Prior Period Reclassification Adjustment
PriorPeriodReclassificationAdjustment
78000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
28871000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
125000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
36000000 USD
us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
0 USD
us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
-81000000 USD
us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
0 USD
us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
-2305000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
0 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
5001000 USD
CY2016Q2 us-gaap Profit Loss
ProfitLoss
14801000 USD
us-gaap Profit Loss
ProfitLoss
109085000 USD
CY2017Q2 us-gaap Profit Loss
ProfitLoss
18441000 USD
us-gaap Profit Loss
ProfitLoss
34081000 USD
CY2016Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
0 USD
CY2017Q2 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
1691000 USD
CY2016Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
583307000 USD
CY2017Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
589913000 USD
CY2016Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1477565000 USD
CY2017Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1539341000 USD
CY2016Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
894258000 USD
CY2017Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
949428000 USD
CY2016Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
26192000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
52385000 USD
CY2017Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
28327000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
56091000 USD
CY2016Q4 us-gaap Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
5500000 USD
CY2017Q2 us-gaap Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
10400000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
25943000 USD
CY2017Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
30423000 USD
CY2016Q2 us-gaap Revenues
Revenues
30893000 USD
us-gaap Revenues
Revenues
61945000 USD
CY2017Q2 us-gaap Revenues
Revenues
33153000 USD
us-gaap Revenues
Revenues
65857000 USD
CY2016Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
4701000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
9560000 USD
CY2017Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
4826000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
9766000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
742000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1198000 USD
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
1792925 shares
us-gaap Stock Issued1
StockIssued1
0 USD
us-gaap Stock Issued1
StockIssued1
3608000 USD
CY2015Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
2100000 shares
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
28871000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1198000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
470117000 USD
CY2017Q2 us-gaap Stockholders Equity
StockholdersEquity
508138000 USD
CY2017Q2 us-gaap Units Of Partnership Interest Amount
UnitsOfPartnershipInterestAmount
409320 shares
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59844000 shares
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59844059 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59272000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59271807 shares
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60430606 shares
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60431000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60215050 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60215000 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59830284 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59830000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54102565 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54103000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60320000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60319521 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60125477 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60125000 shares
us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:138%;padding-bottom:8px;padding-top:12px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:bold;text-decoration:none;">Derivative Instruments and Hedging Activities</font></div><div style="line-height:138%;padding-bottom:8px;padding-top:13px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">We enter into derivative instruments for risk management purposes only, including derivatives designated as hedging instruments as required by </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">Financial Accounting Standards Board ("FASB")</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> ASC Topic 815, Derivatives and Hedging, and those utilized as economic hedges. Our use of derivative instruments is currently limited to interest rate hedges. These instruments are generally structured as hedges of the variability of cash flows related to forecasted transactions (cash flow hedges). We do not enter into derivative instruments for trading or speculative purposes, where changes in the cash flows of the derivative are not expected to offset changes in cash flows of the hedged item. All derivatives are recognized on the balance sheet at fair value. For those derivative instruments for which we intend to elect hedge accounting, at the time the derivative contract is entered into, we document all relationships between hedging instruments and hedged items, as well as our risk-management objective and strategy for undertaking the various hedge transactions. This process includes linking all derivatives designated as cash flow hedges to specific assets and liabilities on the consolidated balance sheet or to specific forecasted transactions. We also formally assess, both at the hedge&#8217;s inception and on an ongoing basis, whether the derivatives used in hedging transactions are highly effective in offsetting changes in cash flows of hedged items.</font></div><div style="line-height:138%;padding-bottom:8px;padding-top:13px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">To the extent our derivatives are effective in offsetting the variability of the hedged cash flows, and otherwise meet the cash flow hedge accounting criteria in accordance with </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">United States generally accepted accounting principals (&#8220;U.S. GAAP&#8221;)</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">, changes in the derivatives&#8217; fair value are not included in current earnings but are included in accumulated other comprehensive income (loss), net of tax. These changes in fair value will be reclassified into earnings at the time of the forecasted transaction. Ineffectiveness measured in the hedging relationship is recorded in earnings in the period in which it occurs.</font></div></div>
us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:138%;padding-bottom:8px;padding-top:12px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:bold;text-decoration:none;">Revenue Recognition</font></div><div style="line-height:138%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:italic;font-weight:normal;text-decoration:none;">Rental income</font></div><div style="line-height:138%;padding-bottom:8px;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">For those triple-net leases that provide for periodic and determinable increases in base rent, base rental revenue is recognized on a straight-line basis over the applicable lease term when collectability is reasonably assured. Recognizing rental income on a straight-line basis generally results in recognized revenues during the first half of a lease term exceeding the cash amounts contractually due from our tenants, creating a straight-line rent receivable. Taxes </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">collected from lessees and remitted to governmental authorities are presented on a net basis within rental income in our consolidated statements of comprehensive income.</font></div><div style="line-height:138%;padding-bottom:8px;padding-top:13px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">For those leases that provide for periodic increases in base rent only if certain revenue parameters or other substantive contingencies are met, the increased rental revenue is recognized as the related parameters or contingencies are met, rather than on a straight-line basis over the applicable lease term.</font></div><div style="line-height:138%;padding-bottom:8px;padding-top:13px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">Income from rent, lease termination fees and all other income is recognized when all of the following criteria are met in accordance with SEC Staff Accounting Bulletin 104: (i) the applicable agreement has been fully executed and delivered; (ii) services have been rendered; (iii) the amount is fixed or determinable; and (iv) collectability is reasonably assured.</font></div><div style="line-height:138%;padding-bottom:8px;padding-top:13px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">We assess the collectability of our lease receivables, including straight-line receivables. We base our assessment of the collectability of rent receivables (other than straight-line rent receivables) on several factors, including payment history, the financial strength of the tenant and any guarantors, the value of the underlying collateral, if any, and current economic conditions. If our evaluation of these factors indicates it is probable that we will be unable to recover the full value of the receivable, we provide a reserve against the portion of the receivable that we estimate may not be recovered. We also base our assessment of the collectability of straight-line rent receivables on several factors, including among other things, the financial strength of the tenant and any guarantors, the historical operations and operating trends of the property, the historical payment pattern of the tenant and the type of property. If our evaluation of these factors indicates it is probable that we will be unable to receive the rent payments due in the future, we provide a reserve against the recognized straight-line rent receivable asset for the portion, up to its full value, that we estimate may not be recovered. If we change our assumptions or estimates regarding the collectability of future rent payments required by a lease, we may adjust our reserve or reduce the rental revenue recognized in the period we make such change in our assumptions or estimates.</font></div><div style="line-height:138%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:italic;font-weight:normal;text-decoration:none;">Restaurant revenue</font></div><div style="line-height:138%;padding-bottom:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">Restaurant revenue represents food, beverage, and other products sold and is presented net of the following discounts: coupons, employee meals, complimentary meals and gift cards. Revenue from restaurant sales is recognized when food and beverage products are sold. We recognize sales from our gift cards when the gift card is redeemed by the customer. Sales taxes collected from customers and remitted to governmental authorities are presented on a net basis within restaurant revenue on our consolidated statements of income.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:138%;padding-bottom:8px;padding-top:12px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:bold;text-decoration:none;">Use of Estimates</font></div><div style="line-height:138%;padding-bottom:8px;padding-top:13px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">The preparation of these consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of sales and expenses during the reporting period. The estimates and assumptions used in the accompanying consolidated financial statements are based on management&#8217;s evaluation of the relevant facts and circumstances as of the date of the combination. Actual results may differ from the estimates and assumptions used in preparing the accompanying financial statements, and such differences could be material.</font></div></div>

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