2017 Q4 Form 10-K Financial Statement

#000165013218000025 Filed on February 27, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2017 2016 Q4
Revenue $33.84M $133.2M $31.27M
YoY Change 8.22% 7.41% 60.11%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $7.870M $30.90M $6.800M
YoY Change 15.74% 7.29% 14.86%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.200M $21.81M $5.300M
YoY Change -1.89% 6.0% 65.63%
% of Gross Profit
Operating Expenses $13.43M $52.72M $15.27M
YoY Change -12.04% -17.92% 35.45%
Operating Profit
YoY Change
Interest Expense $5.403M $19.47M $3.239M
YoY Change 66.81% 31.3% 47.03%
% of Operating Profit
Other Income/Expense, Net $110.0K $300.0K $100.0K
YoY Change 10.0% 200.0%
Pretax Income $18.32M $71.87M $32.63M
YoY Change -43.87% -6.05% 295.2%
Income Tax -$157.0K -$18.00K $110.0K
% Of Pretax Income -0.86% -0.03% 0.34%
Net Earnings $18.47M $71.39M $32.48M
YoY Change -43.12% -54.47% 511.68%
Net Earnings / Revenue 54.59% 53.6% 103.88%
Basic Earnings Per Share $0.30 $1.18 $0.54
Diluted Earnings Per Share $0.30 $1.18 $0.54
COMMON SHARES
Basic Shares Outstanding 61.20M shares 60.63M shares 59.89M shares
Diluted Shares Outstanding 60.70M shares

Balance Sheet

Concept 2017 Q4 2017 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $64.50M $64.50M $26.60M
YoY Change 142.48% 142.48% -72.88%
Cash & Equivalents $64.47M $64.50M $26.64M
Short-Term Investments
Other Short-Term Assets $600.0K $600.0K $600.0K
YoY Change 0.0% 0.0%
Inventory $186.0K $200.0K $202.0K
Prepaid Expenses
Receivables $400.0K $400.0K $200.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $65.70M $65.70M $27.60M
YoY Change 138.04% 138.04% -71.87%
LONG-TERM ASSETS
Property, Plant & Equipment $966.1M $966.1M $894.3M
YoY Change 8.03% 8.03% 7.92%
Goodwill
YoY Change
Intangibles $3.835M $1.772M
YoY Change 116.42%
Long-Term Investments
YoY Change
Other Assets $27.40M $27.40M $12.30M
YoY Change 122.76% 122.76% 720.0%
Total Long-Term Assets $1.003B $1.003B $909.6M
YoY Change 10.27% 10.27% 9.41%
TOTAL ASSETS
Total Short-Term Assets $65.70M $65.70M $27.60M
Total Long-Term Assets $1.003B $1.003B $909.6M
Total Assets $1.069B $1.069B $937.2M
YoY Change 14.03% 14.03% 0.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.100M $1.100M $700.0K
YoY Change 57.14% 57.14%
Accrued Expenses $3.300M $3.300M $3.200M
YoY Change 3.13% 3.13%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $29.50M $29.50M $26.40M
YoY Change 11.74% 11.74% 234.18%
LONG-TERM LIABILITIES
Long-Term Debt $515.5M $515.5M $438.9M
YoY Change 17.45% 17.45% 11.88%
Other Long-Term Liabilities $1.300M $1.300M $1.500M
YoY Change -13.33% -13.33% -77.61%
Total Long-Term Liabilities $516.8M $516.8M $440.4M
YoY Change 17.35% 17.35% 10.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $29.50M $29.50M $26.40M
Total Long-Term Liabilities $516.8M $516.8M $440.4M
Total Liabilities $546.4M $554.2M $467.0M
YoY Change 16.99% 17.39% -4.26%
SHAREHOLDERS EQUITY
Retained Earnings $36.32M $25.94M
YoY Change 39.99% 393.49%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $522.3M $514.5M $470.1M
YoY Change
Total Liabilities & Shareholders Equity $1.069B $1.069B $937.2M
YoY Change 14.03% 14.03% 0.83%

Cashflow Statement

Concept 2017 Q4 2017 2016 Q4
OPERATING ACTIVITIES
Net Income $18.47M $71.39M $32.48M
YoY Change -43.12% -54.47% 511.68%
Depreciation, Depletion And Amortization $5.200M $21.81M $5.300M
YoY Change -1.89% 6.0% 65.63%
Cash From Operating Activities $18.70M $78.95M $19.30M
YoY Change -3.11% 11.29% -7.66%
INVESTING ACTIVITIES
Capital Expenditures -$24.70M $95.11M
YoY Change 14.23%
Acquisitions
YoY Change
Other Investing Activities $7.800M $14.70M -$59.30M
YoY Change -113.15% -124.79% 9783.33%
Cash From Investing Activities -$17.00M -$80.41M -$35.60M
YoY Change -52.25% 35.56% 7020.0%
FINANCING ACTIVITIES
Cash Dividend Paid $58.70M
YoY Change -51.73%
Common Stock Issuance & Retirement, Net $32.15M
YoY Change 4922.66%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -15.30M $44.20M 24.10M
YoY Change -163.49% -153.22% -68.94%
NET CHANGE
Cash From Operating Activities 18.70M $78.95M 19.30M
Cash From Investing Activities -17.00M -$80.41M -35.60M
Cash From Financing Activities -15.30M $44.20M 24.10M
Net Change In Cash -13.60M $42.73M 7.800M
YoY Change -274.36% -159.82% -92.04%
FREE CASH FLOW
Cash From Operating Activities $18.70M $78.95M $19.30M
Capital Expenditures -$24.70M $95.11M
Free Cash Flow $43.40M -$16.17M
YoY Change 31.18%

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CY2017Q4 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
366000 USD
CY2015Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
208000 USD
CY2016Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
292000 USD
CY2017Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
572000 USD
CY2015Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
8000 USD
CY2016Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
20000 USD
CY2017Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
13000 USD
CY2017Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
26000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
200000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
67000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
30000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
0 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
205000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
137000 USD
CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0 USD
CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0 USD
CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
276000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
80881000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
196000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
0 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
549000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
0 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
252000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
0 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
23000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
80288000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
488000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
273000 USD
CY2015 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3758000 USD
CY2016 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
20577000 USD
CY2017 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
21811000 USD
CY2017Q4 us-gaap Derivative Asset Fair Value Gross Liability And Obligation To Return Cash Offset
DerivativeAssetFairValueGrossLiabilityAndObligationToReturnCashOffset
5000000 USD
CY2016Q4 us-gaap Derivative Assets
DerivativeAssets
837000 USD
CY2017Q4 us-gaap Derivative Assets
DerivativeAssets
4997000 USD
CY2016Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
-837000 USD
CY2017Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
-5000000 USD
CY2017 us-gaap Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred
DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred
1200000 USD
CY2016Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
0 USD
CY2017Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
8000 USD
CY2017 us-gaap Derivative Net Hedge Ineffectiveness Gain Loss
DerivativeNetHedgeIneffectivenessGainLoss
792000 USD
CY2017Q4 us-gaap Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
2 swap
CY2016 us-gaap Dividends Common Stock
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58047000 USD
CY2017 us-gaap Dividends Common Stock
DividendsCommonStock
61479000 USD
CY2015Q4 us-gaap Dividends Payable Current And Noncurrent
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0 USD
CY2016Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
14519000 USD
CY2017Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
16843000 USD
CY2015Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.85
CY2015 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.92
CY2016Q1 us-gaap Earnings Per Share Basic
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1.95
CY2016Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.25
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.25
CY2016Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.54
CY2016 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.75
CY2017Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.26
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.30
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
CY2017Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.30
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.18
CY2015Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.84
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.91
CY2016Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.61
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.25
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.25
CY2016Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.54
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.63
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.31
CY2017Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.18
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
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0.359
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-1.050
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
CY2015 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.006
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.000
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.004
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.026
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.005
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.001
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.003
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.001
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.005
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.002
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.000
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.001
CY2017 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y6M
CY2016Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
3004000 USD
CY2017Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
3878000 USD
CY2017Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
3900000 USD
CY2016Q4 us-gaap Escrow Deposit
EscrowDeposit
0 USD
CY2017Q4 us-gaap Escrow Deposit
EscrowDeposit
4905000 USD
CY2016 us-gaap Escrow Deposit Disbursements Related To Property Acquisition1
EscrowDepositDisbursementsRelatedToPropertyAcquisition1
0 USD
CY2017 us-gaap Escrow Deposit Disbursements Related To Property Acquisition1
EscrowDepositDisbursementsRelatedToPropertyAcquisition1
4905000 USD
CY2015 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
144000 USD
CY2016 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
0 USD
CY2017 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
0 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
37000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
335000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
2408000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
279000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
301000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
307000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
307000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3874000 USD
CY2015 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
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0 USD
CY2016Q1 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
0 USD
CY2016Q2 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
0 USD
CY2016Q4 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
16623000 USD
CY2016 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
16623000 USD
CY2017Q1 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
0 USD
CY2017Q2 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
3291000 USD
CY2017Q3 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
4042000 USD
CY2017Q4 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
3198000 USD
CY2017 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
10532000 USD
CY2015 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-25000 USD
CY2016 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
16623000 USD
CY2017 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
10532000 USD
CY2015 us-gaap Gain On Cash Flow Hedge Ineffectiveness
GainOnCashFlowHedgeIneffectiveness
3000 USD
CY2017 us-gaap Gain On Cash Flow Hedge Ineffectiveness
GainOnCashFlowHedgeIneffectiveness
54000 USD
CY2015 us-gaap Gains Losses On Sales Of Investment Real Estate
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0 USD
CY2015Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
0 USD
CY2015Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
0 USD
CY2015Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
0 USD
CY2015Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1856000 USD
CY2015 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1856000 USD
CY2016Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3317000 USD
CY2016Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2508000 USD
CY2016Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2608000 USD
CY2016Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2545000 USD
CY2016 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10977000 USD
CY2017Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2863000 USD
CY2017Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3459000 USD
CY2017Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2899000 USD
CY2017Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3044000 USD
CY2017 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
12259000 USD
CY2017 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
228000 USD
CY2015Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
165000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-80347000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
104000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
117000 USD
CY2015Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
8257000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
8643000 USD
CY2016Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
13727000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
14851000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
15292000 USD
CY2016Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
32632000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
76503000 USD
CY2017Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
15678000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
18502000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
19367000 USD
CY2017Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
18316000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
71874000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2944000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-18000 USD
CY2015Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
0 USD
CY2015 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2168000 USD
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
561000 USD
CY2015 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
7940000 USD
CY2016 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
34000 USD
CY2017 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
321000 USD
CY2015 us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
0 USD
CY2016 us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
609000 USD
CY2017 us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
-145000 USD
CY2015 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-4210000 USD
CY2016 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
1652000 USD
CY2017 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-220000 USD
CY2015 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
57546 shares
CY2016 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
16003 shares
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
68411 shares
CY2016Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1809000 USD
CY2017Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
4209000 USD
CY2016Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1772000 USD
CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3874000 USD
CY2015Q1 us-gaap Interest Expense
InterestExpense
0 USD
CY2015Q2 us-gaap Interest Expense
InterestExpense
0 USD
CY2015Q3 us-gaap Interest Expense
InterestExpense
0 USD
CY2015Q4 us-gaap Interest Expense
InterestExpense
2203000 USD
CY2015 us-gaap Interest Expense
InterestExpense
2203000 USD
CY2016Q1 us-gaap Interest Expense
InterestExpense
4182000 USD
CY2016Q2 us-gaap Interest Expense
InterestExpense
3858000 USD
CY2016Q3 us-gaap Interest Expense
InterestExpense
3549000 USD
CY2016Q4 us-gaap Interest Expense
InterestExpense
3239000 USD
CY2016 us-gaap Interest Expense
InterestExpense
14828000 USD
CY2017Q1 us-gaap Interest Expense
InterestExpense
4094000 USD
CY2017Q2 us-gaap Interest Expense
InterestExpense
4508000 USD
CY2017Q3 us-gaap Interest Expense
InterestExpense
5463000 USD
CY2017Q4 us-gaap Interest Expense
InterestExpense
5403000 USD
CY2017 us-gaap Interest Expense
InterestExpense
19469000 USD
CY2015 us-gaap Interest Paid
InterestPaid
982000 USD
CY2016 us-gaap Interest Paid
InterestPaid
13493000 USD
CY2017 us-gaap Interest Paid
InterestPaid
14102000 USD
CY2016Q4 us-gaap Interest Payable Current
InterestPayableCurrent
1134000 USD
CY2017Q4 us-gaap Interest Payable Current
InterestPayableCurrent
1290000 USD
CY2016Q4 us-gaap Inventory Net
InventoryNet
202000 USD
CY2017Q4 us-gaap Inventory Net
InventoryNet
186000 USD
CY2016Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1055624000 USD
CY2017Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1115624000 USD
CY2016Q4 us-gaap Land
Land
421941000 USD
CY2017Q4 us-gaap Land
Land
449331000 USD
CY2016Q4 us-gaap Liabilities
Liabilities
467034000 USD
CY2017Q4 us-gaap Liabilities
Liabilities
546391000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
937151000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1068659000 USD
CY2015 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
77972000 USD
CY2016 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
0 USD
CY2017 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
0 USD
CY2017 us-gaap Limited Partners Capital Account Distribution Amount
LimitedPartnersCapitalAccountDistributionAmount
461000 USD
CY2016Q4 us-gaap Minority Interest
MinorityInterest
5097000 USD
CY2017Q4 us-gaap Minority Interest
MinorityInterest
7781000 USD
CY2017Q4 us-gaap Minority Interest Ownership Percentage By Noncontrolling Owners
MinorityInterestOwnershipPercentageByNoncontrollingOwners
0.007
CY2017Q4 us-gaap Minority Interest Ownership Percentage By Parent
MinorityInterestOwnershipPercentageByParent
0.993
CY2015 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
76929000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-83047000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
44197000 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-556000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-59322000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-85319000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
21693000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
70939000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
78945000 USD
CY2015 us-gaap Net Income Loss
NetIncomeLoss
5699000 USD
CY2016 us-gaap Net Income Loss
NetIncomeLoss
156809000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
71394000 USD
CY2015 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2016 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
41000 USD
CY2017 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
498000 USD
CY2015 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
0 USD
CY2016 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
7083000 USD
CY2017 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
2305000 USD
CY2016 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
-5039000 USD
CY2017 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
-2620000 USD
CY2016Q4 us-gaap Notes Payable
NotesPayable
438895000 USD
CY2017Q4 us-gaap Notes Payable
NotesPayable
515539000 USD
CY2016Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
445309000 USD
CY2017Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
406637000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2017 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 state
CY2017Q4 us-gaap Number Of Restaurants
NumberOfRestaurants
515 restaurant
CY2017Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
44 state
CY2015Q1 us-gaap Operating Expenses
OperatingExpenses
4725000 USD
CY2015Q2 us-gaap Operating Expenses
OperatingExpenses
4520000 USD
CY2015Q3 us-gaap Operating Expenses
OperatingExpenses
4296000 USD
CY2015Q4 us-gaap Operating Expenses
OperatingExpenses
11272000 USD
CY2015 us-gaap Operating Expenses
OperatingExpenses
24813000 USD
CY2016Q1 us-gaap Operating Expenses
OperatingExpenses
17384000 USD
CY2016Q2 us-gaap Operating Expenses
OperatingExpenses
16060000 USD
CY2016Q3 us-gaap Operating Expenses
OperatingExpenses
15524000 USD
CY2016Q4 us-gaap Operating Expenses
OperatingExpenses
15268000 USD
CY2016 us-gaap Operating Expenses
OperatingExpenses
64235000 USD
CY2017Q1 us-gaap Operating Expenses
OperatingExpenses
17034000 USD
CY2017Q2 us-gaap Operating Expenses
OperatingExpenses
17976000 USD
CY2017Q3 us-gaap Operating Expenses
OperatingExpenses
18358000 USD
CY2017Q4 us-gaap Operating Expenses
OperatingExpenses
18833000 USD
CY2017 us-gaap Operating Expenses
OperatingExpenses
72191000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
1261000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
518000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
0 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
90000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
246000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
407000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
0 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
1552051000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
112911000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
111429000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
109874000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
108288000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
994836000 USD
CY2015 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
18000 USD
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
154000 USD
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
160000 USD
CY2016Q4 us-gaap Other Assets
OtherAssets
3819000 USD
CY2017Q4 us-gaap Other Assets
OtherAssets
11957000 USD
CY2016Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
352000 USD
CY2017Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
608000 USD
CY2015 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
-316000 USD
CY2016 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
540000 USD
CY2017 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
4297000 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
316000 USD
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-540000 USD
CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-4297000 USD
CY2015Q1 us-gaap Other Cost Of Services
OtherCostOfServices
4513000 USD
CY2015Q2 us-gaap Other Cost Of Services
OtherCostOfServices
4335000 USD
CY2015Q3 us-gaap Other Cost Of Services
OtherCostOfServices
4088000 USD
CY2015Q4 us-gaap Other Cost Of Services
OtherCostOfServices
4060000 USD
CY2015 us-gaap Other Cost Of Services
OtherCostOfServices
16996000 USD
CY2016Q1 us-gaap Other Cost Of Services
OtherCostOfServices
4698000 USD
CY2016Q2 us-gaap Other Cost Of Services
OtherCostOfServices
4593000 USD
CY2016Q3 us-gaap Other Cost Of Services
OtherCostOfServices
4308000 USD
CY2016Q4 us-gaap Other Cost Of Services
OtherCostOfServices
4254000 USD
CY2016 us-gaap Other Cost Of Services
OtherCostOfServices
17853000 USD
CY2017Q1 us-gaap Other Cost Of Services
OtherCostOfServices
4668000 USD
CY2017Q2 us-gaap Other Cost Of Services
OtherCostOfServices
4583000 USD
CY2017Q3 us-gaap Other Cost Of Services
OtherCostOfServices
4571000 USD
CY2017Q4 us-gaap Other Cost Of Services
OtherCostOfServices
4829000 USD
CY2017 us-gaap Other Cost Of Services
OtherCostOfServices
18652000 USD
CY2015 us-gaap Other Income
OtherIncome
0 USD
CY2016Q1 us-gaap Other Income
OtherIncome
60000 USD
CY2016Q2 us-gaap Other Income
OtherIncome
18000 USD
CY2016Q3 us-gaap Other Income
OtherIncome
10000 USD
CY2016Q4 us-gaap Other Income
OtherIncome
9000 USD
CY2016 us-gaap Other Income
OtherIncome
97000 USD
CY2017Q1 us-gaap Other Income
OtherIncome
5000 USD
CY2017Q2 us-gaap Other Income
OtherIncome
34000 USD
CY2017Q3 us-gaap Other Income
OtherIncome
172000 USD
CY2017Q4 us-gaap Other Income
OtherIncome
113000 USD
CY2017 us-gaap Other Income
OtherIncome
324000 USD
CY2016Q4 us-gaap Other Liabilities
OtherLiabilities
5450000 USD
CY2017Q4 us-gaap Other Liabilities
OtherLiabilities
5706000 USD
CY2015 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
0 USD
CY2016 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
150000 USD
CY2017 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
947000 USD
CY2015 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
0 USD
CY2016 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
0 USD
CY2017 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
460000 USD
CY2015 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
122000 USD
CY2016 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
0 USD
CY2017 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
0 USD
CY2015 us-gaap Payments Of Dividends
PaymentsOfDividends
0 USD
CY2016 us-gaap Payments Of Dividends
PaymentsOfDividends
121604000 USD
CY2017 us-gaap Payments Of Dividends
PaymentsOfDividends
58695000 USD
CY2015 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
7964000 USD
CY2016 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
CY2017 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
5500000 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
556000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
83263000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
95112000 USD
CY2015 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
CY2016 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
CY2017 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
988000 USD
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q4 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
0 USD
CY2017Q4 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
0 USD
CY2016Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
614000 USD
CY2017Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
616000 USD
CY2015 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2016 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
640000 USD
CY2017 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
32145000 USD
CY2015 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
0 USD
CY2016 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
0 USD
CY2017 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
125000000 USD
CY2015 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
CY2016 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
45000000 USD
CY2017 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
36000000 USD
CY2015 us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
0 USD
CY2016 us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
0 USD
CY2017 us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
-81000000 USD
CY2015 us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
400000000 USD
CY2016 us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
0 USD
CY2017 us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
0 USD
CY2015 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
0 USD
CY2016 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
24091000 USD
CY2017 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
15645000 USD
CY2015 us-gaap Profit Loss
ProfitLoss
5699000 USD
CY2016 us-gaap Profit Loss
ProfitLoss
156850000 USD
CY2017 us-gaap Profit Loss
ProfitLoss
71892000 USD
CY2016Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
583307000 USD
CY2017Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
598846000 USD
CY2017 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
5680000 USD
CY2017Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
977783000 USD
CY2017Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
449331000 USD
CY2017Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
729289000 USD
CY2017Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
426360000 USD
CY2017 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
10792000 USD
CY2017Q4 us-gaap Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
1510000000 USD
CY2016Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
1477565000 USD
CY2017Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
1564955000 USD
CY2016Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
583307000 USD
CY2017Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
598846000 USD
CY2016Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1477565000 USD
CY2017Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1564955000 USD
CY2016Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
894258000 USD
CY2017Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
966109000 USD
CY2017 us-gaap Real Estate Other Additions
RealEstateOtherAdditions
98182000 USD
CY2015Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
0 USD
CY2015Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
0 USD
CY2015Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
0 USD
CY2015Q4 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
15134000 USD
CY2015 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
15134000 USD
CY2016Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
26192000 USD
CY2016Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
26192000 USD
CY2016Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
26363000 USD
CY2016Q4 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
26877000 USD
CY2016 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
105624000 USD
CY2017Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
27764000 USD
CY2017Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
28327000 USD
CY2017Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
28835000 USD
CY2017Q4 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
29011000 USD
CY2017 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
113937000 USD
CY2016Q4 us-gaap Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
5500000 USD
CY2017Q4 us-gaap Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
10600000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
25943000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
36318000 USD
CY2015Q1 us-gaap Revenues
Revenues
4890000 USD
CY2015Q2 us-gaap Revenues
Revenues
4624000 USD
CY2015Q3 us-gaap Revenues
Revenues
4413000 USD
CY2015Q4 us-gaap Revenues
Revenues
19529000 USD
CY2015 us-gaap Revenues
Revenues
33456000 USD
CY2016Q1 us-gaap Revenues
Revenues
31051000 USD
CY2016Q2 us-gaap Revenues
Revenues
30893000 USD
CY2016Q3 us-gaap Revenues
Revenues
30806000 USD
CY2016Q4 us-gaap Revenues
Revenues
31268000 USD
CY2016 us-gaap Revenues
Revenues
124018000 USD
CY2017Q1 us-gaap Revenues
Revenues
32707000 USD
CY2017Q2 us-gaap Revenues
Revenues
33153000 USD
CY2017Q3 us-gaap Revenues
Revenues
33511000 USD
CY2017Q4 us-gaap Revenues
Revenues
33838000 USD
CY2017 us-gaap Revenues
Revenues
133209000 USD
CY2017 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
21219000 USD
CY2017Q4 us-gaap Sec Schedule Iii Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Buildings And Improvements
SECScheduleIIIRealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionBuildingsAndImprovements
248495000 USD
CY2017Q4 us-gaap Sec Schedule Iii Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Land
SECScheduleIIIRealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionLand
22973000 USD
CY2017Q4 us-gaap Sec Schedule Iii Real Estate Investment Property Net
SECScheduleIIIRealEstateInvestmentPropertyNet
720000000 USD
CY2015Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
4890000 USD
CY2015Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
4624000 USD
CY2015Q3 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
4413000 USD
CY2015Q4 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
4395000 USD
CY2015 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
18322000 USD
CY2016Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
4859000 USD
CY2016Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
4701000 USD
CY2016Q3 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
4443000 USD
CY2016Q4 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
4391000 USD
CY2016 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
18394000 USD
CY2017Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
4943000 USD
CY2017Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
4826000 USD
CY2017Q3 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
4676000 USD
CY2016Q4 us-gaap Secured Debt
SecuredDebt
445000000 USD
CY2017Q4 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
4827000 USD
CY2017 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
19272000 USD
CY2017Q4 us-gaap Secured Debt
SecuredDebt
400000000 USD
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
101000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
1550000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
2676000 USD
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
1781554 shares
CY2015 us-gaap Stock Issued1
StockIssued1
0 USD
CY2016 us-gaap Stock Issued1
StockIssued1
5039000 USD
CY2017 us-gaap Stock Issued1
StockIssued1
3609000 USD
CY2015Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
2100000 shares
CY2015 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
4000 USD
CY2016 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
-78076000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
8998000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
441642000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
470117000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
522268000 USD
CY2015 us-gaap Stockholders Equity Note Spinoff Transaction
StockholdersEquityNoteSpinoffTransaction
427257000 USD
CY2015Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
1700000 USD
CY2015 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
820196000 USD
CY2016 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
0 USD
CY2017 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
0 USD
CY2016Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
6100000 USD
CY2017Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
9500000 USD
CY2017Q4 us-gaap Units Of Partnership Interest Amount
UnitsOfPartnershipInterestAmount
409320 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6263921 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59568067 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60695834 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6206375 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
56984561 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60627423 shares
CY2017 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;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 FASB 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;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 GAAP, 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>
CY2017 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<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;">Reclassifications</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;">Certain amounts previously reported under specific financial statement captions have been reclassified to be consistent with the current period presentation. For the year ended December 31, 2015, </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">we have conformed the prior presentation of the Kerrow Restaurant Operating Business to the current format for comparability purposes.</font></div></div>
CY2017 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 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;">For those 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 deferred rent receivable. Lease incentives paid to tenants to induce leases are deferred and amortized over the related lease term as an adjustment to rental revenue. Taxes collected from lessees and remitted to governmental authorities are presented on a net basis within rental revenue in our consolidated statements of income and comprehensive income.</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;">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. Income from rent, lease termination fees and all other income is recognized when all of the following criteria are met in accordance with Securities and Exchange Commissions (&#8220;SEC&#8221;) 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;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 deferred rent receivables. We base our assessment of the collectability of rent receivables (other than deferred 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 deferred 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 deferred 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>
CY2017 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 consolidated financial statements, and such differences could be material.</font></div></div>

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