2018 Q4 Form 10-Q Financial Statement
#000165013218000112 Filed on October 30, 2018
Income Statement
Concept | 2018 Q4 | 2018 Q3 | 2017 Q3 |
---|---|---|---|
Revenue | $38.04M | $36.12M | $33.51M |
YoY Change | 12.4% | 7.79% | 8.78% |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $8.190M | $7.940M | $7.470M |
YoY Change | 4.07% | 6.29% | 7.95% |
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $6.100M | $5.700M | $5.500M |
YoY Change | 17.31% | 3.64% | 10.0% |
% of Gross Profit | |||
Operating Expenses | $15.81M | $13.66M | $12.90M |
YoY Change | 17.69% | 5.96% | -16.93% |
Operating Profit | |||
YoY Change | |||
Interest Expense | $5.293M | $4.934M | $5.463M |
YoY Change | -2.04% | -9.68% | 53.93% |
% of Operating Profit | |||
Other Income/Expense, Net | $30.00K | $160.0K | $170.0K |
YoY Change | -72.73% | -5.88% | 1600.0% |
Pretax Income | $21.41M | $17.67M | $19.37M |
YoY Change | 16.87% | -8.76% | 26.65% |
Income Tax | $74.00K | $64.00K | $33.00K |
% Of Pretax Income | 0.35% | 0.36% | 0.17% |
Net Earnings | $21.33M | $17.50M | $19.21M |
YoY Change | 15.47% | -8.9% | 26.02% |
Net Earnings / Revenue | 56.08% | 48.44% | 57.31% |
Basic Earnings Per Share | $0.31 | $0.27 | $0.31 |
Diluted Earnings Per Share | $0.31 | $0.27 | $0.31 |
COMMON SHARES | |||
Basic Shares Outstanding | 67.76M shares | 65.35M shares | 61.11M shares |
Diluted Shares Outstanding | 65.58M shares | 61.26M shares |
Balance Sheet
Concept | 2018 Q4 | 2018 Q3 | 2017 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $92.00M | $26.90M | $82.90M |
YoY Change | 42.64% | -67.55% | 338.62% |
Cash & Equivalents | $92.04M | $26.89M | $82.87M |
Short-Term Investments | |||
Other Short-Term Assets | $800.0K | $400.0K | $200.0K |
YoY Change | 33.33% | 100.0% | 0.0% |
Inventory | $183.0K | $147.0K | $159.0K |
Prepaid Expenses | |||
Receivables | $800.0K | $400.0K | $200.0K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $93.80M | $27.80M | $83.50M |
YoY Change | 42.77% | -66.71% | 332.64% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $1.191B | $1.153B | $948.3M |
YoY Change | 23.25% | 21.59% | 14.97% |
Goodwill | |||
YoY Change | |||
Intangibles | $19.00M | $12.55M | $2.494M |
YoY Change | 395.38% | 403.17% | |
Long-Term Investments | |||
YoY Change | |||
Other Assets | $33.10M | $29.60M | $24.50M |
YoY Change | 20.8% | 20.82% | 9.87% |
Total Long-Term Assets | $1.249B | $1.208B | $978.3M |
YoY Change | 24.56% | 23.52% | 15.49% |
TOTAL ASSETS | |||
Total Short-Term Assets | $93.80M | $27.80M | $83.50M |
Total Long-Term Assets | $1.249B | $1.208B | $978.3M |
Total Assets | $1.343B | $1.236B | $1.062B |
YoY Change | 25.68% | 16.43% | 22.55% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.000M | $800.0K | $1.000M |
YoY Change | -9.09% | -20.0% | 100.0% |
Accrued Expenses | $3.800M | $4.900M | $4.200M |
YoY Change | 15.15% | 16.67% | 35.48% |
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 | $26.00M | $32.50M | $28.00M |
YoY Change | -11.86% | 16.07% | 7.69% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $615.9M | $516.9M | $518.4M |
YoY Change | 19.48% | -0.29% | 31.74% |
Other Long-Term Liabilities | $2.300M | $1.700M | $1.600M |
YoY Change | 76.92% | 6.25% | -78.38% |
Total Long-Term Liabilities | $618.2M | $518.6M | $520.0M |
YoY Change | 19.62% | -0.27% | 29.71% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $26.00M | $32.50M | $28.00M |
Total Long-Term Liabilities | $618.2M | $518.6M | $520.0M |
Total Liabilities | $644.1M | $551.1M | $548.1M |
YoY Change | 17.89% | 0.55% | 28.35% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $46.02M | $44.39M | $34.81M |
YoY Change | 26.71% | 27.53% | 336.34% |
Common Stock | |||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $699.0M | $677.2M | $505.9M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $1.343B | $1.236B | $1.062B |
YoY Change | 25.68% | 16.43% | 22.55% |
Cashflow Statement
Concept | 2018 Q4 | 2018 Q3 | 2017 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $21.33M | $17.50M | $19.21M |
YoY Change | 15.47% | -8.9% | 26.02% |
Depreciation, Depletion And Amortization | $6.100M | $5.700M | $5.500M |
YoY Change | 17.31% | 3.64% | 10.0% |
Cash From Operating Activities | $15.10M | $24.80M | $21.00M |
YoY Change | -19.25% | 18.1% | 14.75% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$52.00M | -$178.3M | -$6.400M |
YoY Change | 110.53% | 2685.94% | -73.0% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $5.600M | $0.00 | $2.000M |
YoY Change | -28.21% | -100.0% | |
Cash From Investing Activities | -$46.40M | -$178.2M | -$4.300M |
YoY Change | 172.94% | 4044.19% | -81.86% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 97.70M | 91.60M | -15.10M |
YoY Change | -738.56% | -706.62% | 4.14% |
NET CHANGE | |||
Cash From Operating Activities | 15.10M | 24.80M | 21.00M |
Cash From Investing Activities | -46.40M | -178.2M | -4.300M |
Cash From Financing Activities | 97.70M | 91.60M | -15.10M |
Net Change In Cash | 66.40M | -61.80M | 1.600M |
YoY Change | -588.24% | -3962.5% | -108.04% |
FREE CASH FLOW | |||
Cash From Operating Activities | $15.10M | $24.80M | $21.00M |
Capital Expenditures | -$52.00M | -$178.3M | -$6.400M |
Free Cash Flow | $67.10M | $203.1M | $27.40M |
YoY Change | 54.61% | 641.24% | -34.76% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2018 | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2018-09-30 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001650132 | ||
CY2018Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
67755399 | shares |
dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
Four Corners Property Trust, Inc. | ||
CY2017Q4 | fcpt |
Accrued Operating Expenses
AccruedOperatingExpenses
|
488000 | USD |
CY2018Q3 | fcpt |
Accrued Operating Expenses
AccruedOperatingExpenses
|
486000 | USD |
CY2018Q3 | fcpt |
Asset Acquisition Contingent Liability
AssetAcquisitionContingentLiability
|
0 | USD |
fcpt |
Assets Held For Sale Disposal Period
AssetsHeldForSaleDisposalPeriod
|
P1Y | ||
CY2017Q4 | fcpt |
Deferred Rent
DeferredRent
|
663000 | USD |
CY2018Q3 | fcpt |
Deferred Rent
DeferredRent
|
702000 | USD |
fcpt |
Employee Service Sharebased Compensation Nonvested Awards Compensation Notyet Recognized Sharebased Awards Otherthan Options Compensation Expensein Period
EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationNotyetRecognizedSharebasedAwardsOtherthanOptionsCompensationExpenseinPeriod
|
3037000 | USD | |
fcpt |
Employee Service Sharebased Compensation Nonvested Awards Compensation Notyet Recognized Sharebased Awards Otherthan Options Forfeitedin Period
EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationNotyetRecognizedSharebasedAwardsOtherthanOptionsForfeitedinPeriod
|
56000 | USD | |
fcpt |
Employee Service Sharebased Compensation Nonvested Awards Compensation Notyet Recognized Sharebased Awards Otherthan Options Grantsin Period
EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationNotyetRecognizedSharebasedAwardsOtherthanOptionsGrantsinPeriod
|
3206000 | USD | |
CY2018Q3 | fcpt |
Finite Lived Intangible Assets Amortization Expense Year Six
FiniteLivedIntangibleAssetsAmortizationExpenseYearSix
|
1110000 | USD |
CY2017Q4 | fcpt |
Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
|
0 | USD |
CY2018Q3 | fcpt |
Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
|
21000 | USD |
fcpt |
Gain Loss On Exchange Of Nonfinancial Assets
GainLossOnExchangeOfNonfinancialAssets
|
0 | USD | |
fcpt |
Gain Loss On Exchange Of Nonfinancial Assets
GainLossOnExchangeOfNonfinancialAssets
|
228000 | USD | |
CY2017Q3 | fcpt |
Income Tax Expense Benefit Including Real Estate Allocated Tax
IncomeTaxExpenseBenefitIncludingRealEstateAllocatedTax
|
33000 | USD |
fcpt |
Increase Decreasein Straight Line Rent Adjustment
IncreaseDecreaseinStraightLineRentAdjustment
|
7283000 | USD | |
fcpt |
Increase Decreasein Straight Line Rent Adjustment
IncreaseDecreaseinStraightLineRentAdjustment
|
6857000 | USD | |
fcpt |
Intangible Lease Assets And Liabilities Weighted Average Amortization Period
IntangibleLeaseAssetsAndLiabilitiesWeightedAverageAmortizationPeriod
|
P12Y | ||
CY2017Q4 | fcpt |
Intangible Lease Liabilities Net
IntangibleLeaseLiabilitiesNet
|
0 | USD |
CY2018Q3 | fcpt |
Intangible Lease Liabilities Net
IntangibleLeaseLiabilitiesNet
|
94000 | USD |
CY2018Q3 | fcpt |
Real Estate Investment Property And Intangible Asset Net
RealEstateInvestmentPropertyAndIntangibleAssetNet
|
1165576000 | USD |
fcpt |
Real Estate Investments Contingent Consideration
RealEstateInvestmentsContingentConsideration
|
0 | USD | |
CY2018Q3 | fcpt |
Weighted Average Unitsof Partnership Interest Amount
WeightedAverageUnitsofPartnershipInterestAmount
|
409320 | shares |
CY2017Q4 | us-gaap |
Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
|
1055000 | USD |
CY2018Q3 | fcpt |
Operating Leases Future Minimum Payments Receivablein Six Years
OperatingLeasesFutureMinimumPaymentsReceivableinSixYears
|
128974000 | USD |
CY2017Q4 | fcpt |
Prepaid Acquisition Expense
PrepaidAcquisitionExpense
|
1385000 | USD |
fcpt |
Weighted Average Unitsof Partnership Interest Amount
WeightedAverageUnitsofPartnershipInterestAmount
|
425729 | shares | |
CY2017Q3 | fcpt |
Net Income Loss Including Portion Attributable To Noncontrolling Interest And Real Estate Allocated Tax
NetIncomeLossIncludingPortionAttributableToNoncontrollingInterestAndRealEstateAllocatedTax
|
19334000 | USD |
CY2018Q3 | fcpt |
Prepaid Acquisition Expense
PrepaidAcquisitionExpense
|
1795000 | USD |
CY2017Q4 | fcpt |
Real Estate Investment Property And Intangible Asset Net
RealEstateInvestmentPropertyAndIntangibleAssetNet
|
969944000 | USD |
CY2018Q3 | us-gaap |
Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
|
802000 | USD |
CY2017Q4 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
383000 | USD |
CY2018Q3 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
411000 | USD |
CY2017Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
4478000 | USD |
CY2018Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
12566000 | USD |
us-gaap |
Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
|
P12Y9M18D | ||
CY2017Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
473685000 | USD |
CY2018Q3 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
620216000 | USD |
CY2017Q4 | us-gaap |
Advance Rent
AdvanceRent
|
8295000 | USD |
CY2018Q3 | us-gaap |
Advance Rent
AdvanceRent
|
8300000 | USD |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
1265000 | USD | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
1368000 | USD | |
CY2017Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
271443 | shares |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
270749 | shares | |
CY2018Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
278071 | shares |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
311881 | shares | |
CY2017Q4 | us-gaap |
Assets
Assets
|
1068659000 | USD |
CY2018Q3 | us-gaap |
Assets
Assets
|
1236178000 | USD |
CY2017Q4 | us-gaap |
Cash
Cash
|
64466000 | USD |
CY2018Q3 | us-gaap |
Cash
Cash
|
26890000 | USD |
CY2017Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
64466000 | USD |
CY2018Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
26890000 | USD |
CY2016Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
26643000 | USD |
CY2017Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
85895000 | USD |
CY2017Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
69371000 | USD |
CY2018Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
26890000 | USD |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
59252000 | USD | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-42481000 | USD | |
us-gaap |
Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
|
1240000 | USD | |
us-gaap |
Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
|
7637000 | USD | |
CY2018Q1 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.275 | |
CY2018Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.275 | |
CY2017Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.2425 | |
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.7275 | ||
CY2018Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.2750 | |
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.8250 | ||
CY2017Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2018Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2018Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
67441692 | shares |
CY2017Q4 | us-gaap |
Common Stock Value Outstanding
CommonStockValueOutstanding
|
6000 | USD |
CY2018Q3 | us-gaap |
Common Stock Value Outstanding
CommonStockValueOutstanding
|
7000 | USD |
CY2017Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
19690000 | USD |
CY2017Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | shares |
CY2018Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | shares |
CY2017Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
61329489 | shares |
CY2018Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
67441692 | shares |
CY2017Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
61329489 | shares |
CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
941000 | USD |
CY2017Q4 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
16843000 | USD |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
54382000 | USD | |
CY2018Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
17878000 | USD |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
68814000 | USD | |
CY2017Q3 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
133000 | USD |
us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
381000 | USD | |
CY2018Q3 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
113000 | USD |
us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
453000 | USD | |
CY2017Q3 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
19823000 | USD |
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
54763000 | USD | |
CY2018Q3 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
17991000 | USD |
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
69267000 | USD | |
CY2017Q3 | us-gaap |
Cost Of Services Depreciation And Amortization
CostOfServicesDepreciationAndAmortization
|
5425000 | USD |
us-gaap |
Cost Of Services Depreciation And Amortization
CostOfServicesDepreciationAndAmortization
|
16254000 | USD | |
CY2018Q3 | us-gaap |
Cost Of Services Depreciation And Amortization
CostOfServicesDepreciationAndAmortization
|
5743000 | USD |
us-gaap |
Cost Of Services Depreciation And Amortization
CostOfServicesDepreciationAndAmortization
|
16312000 | USD | |
CY2017Q4 | us-gaap |
Credit Card Receivables
CreditCardReceivables
|
90000 | USD |
CY2018Q3 | us-gaap |
Credit Card Receivables
CreditCardReceivables
|
68000 | USD |
CY2017Q4 | us-gaap |
Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
|
0 | USD |
CY2017Q4 | us-gaap |
Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
|
0.0279 | |
CY2018Q3 | us-gaap |
Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
|
0.0343 | |
CY2017Q4 | us-gaap |
Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
|
1543000 | USD |
CY2018Q3 | us-gaap |
Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
|
1486000 | USD |
CY2017Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
9500000 | USD |
CY2018Q3 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
8100000 | USD |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-32000 | USD | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
0 | USD | |
CY2017Q4 | us-gaap |
Deferred Rent Receivables Net
DeferredRentReceivablesNet
|
21130000 | USD |
CY2018Q3 | us-gaap |
Deferred Rent Receivables Net
DeferredRentReceivablesNet
|
27799000 | USD |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
16254000 | USD | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
16312000 | USD | |
CY2017Q4 | us-gaap |
Derivative Assets
DerivativeAssets
|
4997000 | USD |
CY2018Q3 | us-gaap |
Derivative Assets
DerivativeAssets
|
12634000 | USD |
us-gaap |
Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred
DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred
|
3000000 | USD | |
CY2017Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
8000 | USD |
CY2018Q3 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
0 | USD |
CY2017Q4 | us-gaap |
Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
|
5000000 | USD |
CY2018Q3 | us-gaap |
Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
|
12600000 | USD |
us-gaap |
Dividends Common Stock
DividendsCommonStock
|
52989000 | USD | |
CY2017Q3 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
14820000 | USD |
CY2018Q3 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
18519000 | USD |
CY2017Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.31 | |
CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
5715000 | USD |
CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
376000 | USD |
CY2018Q3 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
|
4000000 | USD |
CY2017Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
334000 | USD |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.88 | ||
CY2018Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.27 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.97 | ||
CY2017Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.31 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.88 | ||
CY2018Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.27 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.97 | ||
CY2017Q4 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
3878000 | USD |
CY2018Q3 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
3991000 | USD |
us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P1Y4M12D | ||
CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
1309000 | USD |
CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
1503000 | USD |
CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
1182000 | USD |
CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
1260000 | USD |
CY2017Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
3800000 | USD |
CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
12455000 | USD |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
7333000 | USD | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
10879000 | USD | |
CY2017Q3 | us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
4042000 | USD |
us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
7333000 | USD | |
CY2018Q3 | us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
0 | USD |
us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
10879000 | USD | |
CY2017Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2899000 | USD |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
9215000 | USD | |
CY2018Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3225000 | USD |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
10098000 | USD | |
CY2017Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
19367000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
53557000 | USD | |
CY2018Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
17671000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
61784000 | USD | |
CY2017Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
33000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
139000 | USD | |
CY2018Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
64000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
189000 | USD | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
522000 | USD | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
615000 | USD | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-10000 | USD | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
5000 | USD | |
us-gaap |
Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
|
-105000 | USD | |
us-gaap |
Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
|
-27000 | USD | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-1875000 | USD | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-1601000 | USD | |
CY2017Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
144094 | shares |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
109203 | shares | |
CY2018Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
230133 | shares |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
183159 | shares | |
CY2017Q4 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
4169000 | USD |
CY2018Q3 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
13490000 | USD |
CY2017Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
3835000 | USD |
CY2018Q3 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
12549000 | USD |
CY2017Q3 | us-gaap |
Interest Expense
InterestExpense
|
5463000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
14066000 | USD | |
CY2018Q3 | us-gaap |
Interest Expense
InterestExpense
|
4934000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
14667000 | USD | |
us-gaap |
Interest Paid
InterestPaid
|
10945000 | USD | |
us-gaap |
Interest Paid
InterestPaid
|
13199000 | USD | |
CY2017Q4 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
1290000 | USD |
CY2018Q3 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
2937000 | USD |
CY2017Q4 | us-gaap |
Inventory Net
InventoryNet
|
186000 | USD |
CY2018Q3 | us-gaap |
Inventory Net
InventoryNet
|
147000 | USD |
CY2017Q4 | us-gaap |
Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
|
1115624000 | USD |
CY2018Q3 | us-gaap |
Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
|
1214792000 | USD |
CY2017Q4 | us-gaap |
Land And Land Improvements
LandAndLandImprovements
|
449331000 | USD |
CY2018Q3 | us-gaap |
Land And Land Improvements
LandAndLandImprovements
|
549070000 | USD |
CY2017Q4 | us-gaap |
Liabilities
Liabilities
|
546391000 | USD |
CY2018Q3 | us-gaap |
Liabilities
Liabilities
|
551100000 | USD |
CY2017Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1068659000 | USD |
CY2018Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1236178000 | USD |
us-gaap |
Limited Partners Capital Account Distribution Amount
LimitedPartnersCapitalAccountDistributionAmount
|
338000 | USD | |
CY2017Q4 | us-gaap |
Minority Interest
MinorityInterest
|
7781000 | USD |
CY2018Q3 | us-gaap |
Minority Interest
MinorityInterest
|
7896000 | USD |
CY2018Q3 | us-gaap |
Minority Interest Ownership Percentage By Noncontrolling Owners
MinorityInterestOwnershipPercentageByNoncontrollingOwners
|
0.0060 | |
CY2018Q3 | us-gaap |
Minority Interest Ownership Percentage By Parent
MinorityInterestOwnershipPercentageByParent
|
0.9940 | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
59462000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
92348000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-60389000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-200644000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
60179000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
65815000 | USD | |
CY2017Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
19205000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
53044000 | USD | |
CY2018Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
17496000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
61193000 | USD | |
CY2017Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
129000 | USD |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
374000 | USD | |
CY2018Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
111000 | USD |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
402000 | USD | |
us-gaap |
Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
|
2305000 | USD | |
us-gaap |
Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
|
0 | USD | |
CY2017Q4 | us-gaap |
Notes Payable
NotesPayable
|
515539000 | USD |
CY2018Q3 | us-gaap |
Notes Payable
NotesPayable
|
516904000 | USD |
CY2017Q3 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
2 | segment |
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
2 | segment | |
CY2018Q3 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
2 | state |
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
2 | segment | |
CY2018Q3 | us-gaap |
Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
|
45 | state |
CY2017Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
18358000 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
53358000 | USD | |
CY2018Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
18615000 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
55447000 | USD | |
CY2018Q3 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
1201000 | USD |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
1809000 | USD | |
CY2018Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
103000 | USD |
CY2018Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
400000 | USD |
CY2018Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
550000 | USD |
CY2018Q3 | us-gaap |
Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
|
0 | USD |
CY2018Q3 | us-gaap |
Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
|
1668964000 | USD |
CY2018Q3 | us-gaap |
Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
|
127267000 | USD |
CY2018Q3 | us-gaap |
Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
|
125643000 | USD |
CY2018Q3 | us-gaap |
Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
|
124210000 | USD |
CY2018Q3 | us-gaap |
Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
|
122746000 | USD |
CY2018Q3 | us-gaap |
Operating Leases Future Minimum Payments Receivable Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear
|
30474000 | USD |
CY2018Q3 | us-gaap |
Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
|
1009650000 | USD |
CY2018Q3 | us-gaap |
Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
|
148000 | USD |
CY2017Q3 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
155000 | USD |
us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
468000 | USD | |
CY2018Q3 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
183000 | USD |
us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
536000 | USD | |
CY2017Q4 | us-gaap |
Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
|
667000 | USD |
CY2018Q3 | us-gaap |
Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
|
870000 | USD |
CY2017Q4 | us-gaap |
Other Assets
OtherAssets
|
8122000 | USD |
CY2018Q3 | us-gaap |
Other Assets
OtherAssets
|
3279000 | USD |
CY2017Q4 | us-gaap |
Other Assets Miscellaneous
OtherAssetsMiscellaneous
|
647000 | USD |
CY2018Q3 | us-gaap |
Other Assets Miscellaneous
OtherAssetsMiscellaneous
|
565000 | USD |
CY2017Q3 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
|
489000 | USD |
us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
|
1345000 | USD | |
CY2018Q3 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
|
384000 | USD |
us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
|
7672000 | USD | |
CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
293000 | USD |
us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
115000 | USD | |
CY2018Q3 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
1132000 | USD |
us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
9234000 | USD | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
7672000 | USD | |
CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
|
4000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
|
7000 | USD | |
CY2018Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
|
2000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
|
51000 | USD | |
CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
-196000 | USD |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
-1230000 | USD | |
CY2018Q3 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
748000 | USD |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
1562000 | USD | |
CY2017Q3 | us-gaap |
Other Cost Of Services
OtherCostOfServices
|
4571000 | USD |
us-gaap |
Other Cost Of Services
OtherCostOfServices
|
13823000 | USD | |
CY2018Q3 | us-gaap |
Other Cost Of Services
OtherCostOfServices
|
4713000 | USD |
us-gaap |
Other Cost Of Services
OtherCostOfServices
|
14370000 | USD | |
CY2017Q3 | us-gaap |
Other Income
OtherIncome
|
172000 | USD |
us-gaap |
Other Income
OtherIncome
|
211000 | USD | |
CY2018Q3 | us-gaap |
Other Income
OtherIncome
|
164000 | USD |
us-gaap |
Other Income
OtherIncome
|
752000 | USD | |
CY2017Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
5706000 | USD |
CY2018Q3 | us-gaap |
Other Liabilities
OtherLiabilities
|
7377000 | USD |
us-gaap |
Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
|
757000 | USD | |
us-gaap |
Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
|
86000 | USD | |
us-gaap |
Payments Of Capital Distribution
PaymentsOfCapitalDistribution
|
338000 | USD | |
us-gaap |
Payments Of Capital Distribution
PaymentsOfCapitalDistribution
|
348000 | USD | |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
43875000 | USD | |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
50975000 | USD | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
0 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
70366000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
216272000 | USD | |
us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
988000 | USD | |
us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
0 | USD | |
CY2017Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2018Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2017Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
25000000 | shares |
CY2018Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
25000000 | shares |
CY2017Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2018Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2017Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2018Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2018Q3 | us-gaap |
Preferred Stock Value Outstanding
PreferredStockValueOutstanding
|
0 | USD |
CY2017Q4 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
616000 | USD |
CY2018Q3 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
361000 | USD |
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
125000000 | USD | |
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
0 | USD | |
us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
36000000 | USD | |
us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
0 | USD | |
us-gaap |
Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
|
-81000000 | USD | |
us-gaap |
Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
|
0 | USD | |
us-gaap |
Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
|
-2305000 | USD | |
us-gaap |
Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
|
0 | USD | |
us-gaap |
Proceeds From Sale Of Buildings
ProceedsFromSaleOfBuildings
|
10734000 | USD | |
us-gaap |
Proceeds From Sale Of Buildings
ProceedsFromSaleOfBuildings
|
15714000 | USD | |
CY2017Q3 | us-gaap |
Profit Loss
ProfitLoss
|
19334000 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
53418000 | USD | |
CY2018Q3 | us-gaap |
Profit Loss
ProfitLoss
|
17607000 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
61595000 | USD | |
CY2018Q3 | us-gaap |
Real Estate Heldforsale
RealEstateHeldforsale
|
0 | USD |
CY2017Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
598846000 | USD |
CY2018Q3 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
610835000 | USD |
CY2017Q4 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
1564955000 | USD |
CY2018Q3 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
1763862000 | USD |
CY2017Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
966109000 | USD |
CY2018Q3 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
1153027000 | USD |
CY2017Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
|
10600000 | USD |
CY2018Q3 | us-gaap |
Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
|
10500000 | USD |
CY2017Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
4905000 | USD |
CY2018Q3 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
0 | USD |
CY2017Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
36318000 | USD |
CY2018Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
44393000 | USD |
CY2017Q3 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
33511000 | USD |
us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
99371000 | USD | |
CY2018Q3 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
36122000 | USD |
us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
105600000 | USD | |
CY2017Q3 | us-gaap |
Revenues
Revenues
|
33511000 | USD |
us-gaap |
Revenues
Revenues
|
99371000 | USD | |
CY2018Q3 | us-gaap |
Revenues
Revenues
|
36122000 | USD |
us-gaap |
Revenues
Revenues
|
105600000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1920000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2871000 | USD | |
CY2018Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
|
1633801 | shares |
us-gaap |
Stock Issued1
StockIssued1
|
3609000 | USD | |
us-gaap |
Stock Issued1
StockIssued1
|
0 | USD | |
CY2015Q4 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
2100000 | shares |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
2871000 | USD | |
CY2017Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
522268000 | USD |
CY2018Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
685078000 | USD |
CY2018Q3 | us-gaap |
Units Of Partnership Interest Amount
UnitsOfPartnershipInterestAmount
|
409320 | shares |
CY2017Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
61256145 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
60567152 | shares | |
CY2018Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
65577975 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
62987282 | shares | |
CY2017Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
61112051 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
60457949 | shares | |
CY2018Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
65347842 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
62804123 | 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;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’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 United States generally accepted accounting principles (“U.S. GAAP”), changes in the derivatives’ 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 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;">In August 2017, the FASB issued ASU No. 2017-12, “Derivatives and Hedging - Targeted Improvements to Accounting for Hedging Activities.” ASU 2017-12 is intended to simplify hedge accounting by better aligning an entity’s financial reporting for hedging relationships with its risk management activities.</font></div></div> | ||
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. </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;text-indent:24px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">Effective January 1, 2018, the Company adopted FASB ASU No. 2014-09, “Revenue from Contracts with Customers” using the modified retrospective method. The standard outlines a single comprehensive revenue recognition model for entities to follow in accounting for revenue from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The core principle of the revenue model is that an entity should recognize revenue for the transfer of promised goods or services to customers in an amount that reflects the consideration the entity expects to receive for those goods or services. Effective January 1, 2018, the Company also adopted FASB ASU No. 2017-15, “Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets.” Through the evaluation and implementation process, we have determined FCPT’s key revenue stream that could be impacted by FASB ASU No. 2014-09, as amended by FASB ASU No. 2017-05, is the gain on disposition of real estate reported on the Consolidated Statements of Income and Comprehensive Income. We previously recognized revenue from asset sales at the time of closing (i.e., transfer of asset). After adoption of FASB No. ASU 2014-09, as amended by FASB ASU No. 2017-05, we will evaluate the transaction to determine if control has been transferred to the buyer to determine proper timing of revenue recognition, as well as transaction price allocation. Adoption of this guidance did not have a material impact on our consolidated financial statements or related disclosures.</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;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 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 origination fees are deferred and amortized over the related lease term as an adjustment to rental revenue. 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 revenue in our Consolidated Statements of Income and 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;">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;text-indent:24px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">Refer to the </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:italic;">Application of New Accounting Standards</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> section below for discussion of FASB ASU 2016-02, “Leases (Topic 842)”.</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, whether received in cash or by credit card, is recognized when food and beverage products are sold. At September 30, 2018, and December 31, 2017, credit card receivables totaled $</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">68 thousand</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> and $</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">90 thousand</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">, respectively. 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 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;"></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’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> |