2018 Q4 Form 10-K Financial Statement

#000165013220000031 Filed on February 27, 2020

View on sec.gov

Income Statement

Concept 2018 Q4 2018 2017 Q4
Revenue $38.04M $143.6M $33.84M
YoY Change 12.4% 7.83% 8.22%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $8.190M $32.70M $7.870M
YoY Change 4.07% 5.83% 15.74%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.100M $23.88M $5.200M
YoY Change 17.31% 9.5% -1.89%
% of Gross Profit
Operating Expenses $15.81M $56.54M $13.43M
YoY Change 17.69% 7.24% -12.04%
Operating Profit
YoY Change
Interest Expense $5.293M $19.96M $5.403M
YoY Change -2.04% 2.52% 66.81%
% of Operating Profit
Other Income/Expense, Net $30.00K $800.0K $110.0K
YoY Change -72.73% 166.67% 10.0%
Pretax Income $21.41M $83.19M $18.32M
YoY Change 16.87% 15.75% -43.87%
Income Tax $74.00K $262.0K -$157.0K
% Of Pretax Income 0.35% 0.31% -0.86%
Net Earnings $21.33M $82.40M $18.47M
YoY Change 15.47% 15.41% -43.12%
Net Earnings / Revenue 56.08% 57.37% 54.59%
Basic Earnings Per Share $0.31 $1.29 $0.30
Diluted Earnings Per Share $0.31 $1.28 $0.30
COMMON SHARES
Basic Shares Outstanding 67.76M shares 64.04M shares 61.20M shares
Diluted Shares Outstanding 64.39M shares

Balance Sheet

Concept 2018 Q4 2018 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $92.00M $92.00M $64.50M
YoY Change 42.64% 42.64% 142.48%
Cash & Equivalents $92.04M $92.00M $64.47M
Short-Term Investments
Other Short-Term Assets $800.0K $800.0K $600.0K
YoY Change 33.33% 33.33% 0.0%
Inventory $183.0K $200.0K $186.0K
Prepaid Expenses
Receivables $800.0K $800.0K $400.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $93.80M $93.80M $65.70M
YoY Change 42.77% 42.77% 138.04%
LONG-TERM ASSETS
Property, Plant & Equipment $1.191B $1.191B $966.1M
YoY Change 23.25% 23.25% 8.03%
Goodwill
YoY Change
Intangibles $19.00M $3.835M
YoY Change 395.38% 116.42%
Long-Term Investments
YoY Change
Other Assets $33.10M $33.10M $27.40M
YoY Change 20.8% 20.8% 122.76%
Total Long-Term Assets $1.249B $1.249B $1.003B
YoY Change 24.56% 24.56% 10.27%
TOTAL ASSETS
Total Short-Term Assets $93.80M $93.80M $65.70M
Total Long-Term Assets $1.249B $1.249B $1.003B
Total Assets $1.343B $1.343B $1.069B
YoY Change 25.68% 25.68% 14.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.000M $1.000M $1.100M
YoY Change -9.09% -9.09% 57.14%
Accrued Expenses $3.800M $3.800M $3.300M
YoY Change 15.15% 15.15% 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 $26.00M $26.00M $29.50M
YoY Change -11.86% -11.86% 11.74%
LONG-TERM LIABILITIES
Long-Term Debt $615.9M $615.9M $515.5M
YoY Change 19.48% 19.48% 17.45%
Other Long-Term Liabilities $2.300M $2.300M $1.300M
YoY Change 76.92% 76.92% -13.33%
Total Long-Term Liabilities $618.2M $618.2M $516.8M
YoY Change 19.62% 19.62% 17.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $26.00M $26.00M $29.50M
Total Long-Term Liabilities $618.2M $618.2M $516.8M
Total Liabilities $644.1M $652.0M $546.4M
YoY Change 17.89% 17.65% 16.99%
SHAREHOLDERS EQUITY
Retained Earnings $46.02M $36.32M
YoY Change 26.71% 39.99%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $699.0M $691.1M $522.3M
YoY Change
Total Liabilities & Shareholders Equity $1.343B $1.343B $1.069B
YoY Change 25.68% 25.68% 14.03%

Cashflow Statement

Concept 2018 Q4 2018 2017 Q4
OPERATING ACTIVITIES
Net Income $21.33M $82.40M $18.47M
YoY Change 15.47% 15.41% -43.12%
Depreciation, Depletion And Amortization $6.100M $23.88M $5.200M
YoY Change 17.31% 9.5% -1.89%
Cash From Operating Activities $15.10M $80.88M $18.70M
YoY Change -19.25% 2.45% -3.11%
INVESTING ACTIVITIES
Capital Expenditures -$52.00M $268.3M -$24.70M
YoY Change 110.53% 182.05%
Acquisitions
YoY Change
Other Investing Activities $5.600M $21.20M $7.800M
YoY Change -28.21% 44.22% -113.15%
Cash From Investing Activities -$46.40M -$247.0M -$17.00M
YoY Change 172.94% 207.22% -52.25%
FINANCING ACTIVITIES
Cash Dividend Paid $69.49M
YoY Change 18.4%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 97.70M $190.0M -15.30M
YoY Change -738.56% 329.97% -163.49%
NET CHANGE
Cash From Operating Activities 15.10M $80.88M 18.70M
Cash From Investing Activities -46.40M -$247.0M -17.00M
Cash From Financing Activities 97.70M $190.0M -15.30M
Net Change In Cash 66.40M $23.87M -13.60M
YoY Change -588.24% -44.13% -274.36%
FREE CASH FLOW
Cash From Operating Activities $15.10M $80.88M $18.70M
Capital Expenditures -$52.00M $268.3M -$24.70M
Free Cash Flow $67.10M -$187.4M $43.40M
YoY Change 54.61% 1059.05%

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CY2019 fcpt Non Cash Revenue Adjustments
NonCashRevenueAdjustments
158000 USD
CY2018 fcpt Non Cash Revenue Adjustments
NonCashRevenueAdjustments
64000 USD
CY2017 fcpt Non Cash Revenue Adjustments
NonCashRevenueAdjustments
0 USD
CY2019 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2050000 USD
CY2018 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1834000 USD
CY2017 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2144000 USD
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
3602000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
3967000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
2676000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-196000 USD
CY2019 us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
4000 USD
CY2018 us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
-29000 USD
CY2017 us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
-145000 USD
CY2019 fcpt Increase Decreasein Straight Line Rent Adjustment
IncreaseDecreaseinStraightLineRentAdjustment
9207000 USD
CY2018 fcpt Increase Decreasein Straight Line Rent Adjustment
IncreaseDecreaseinStraightLineRentAdjustment
9288000 USD
CY2017 fcpt Increase Decreasein Straight Line Rent Adjustment
IncreaseDecreaseinStraightLineRentAdjustment
9536000 USD
CY2019 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
8854000 USD
CY2018 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-6686000 USD
CY2017 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
321000 USD
CY2019 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
31000 USD
CY2018 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
351000 USD
CY2017 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-220000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
104673000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
80883000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
78945000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
205154000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
268266000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
95112000 USD
CY2019 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
0 USD
CY2018 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
21139000 USD
CY2017 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
15645000 USD
CY2019 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
2199000 USD
CY2018 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
-81000 USD
CY2017 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
947000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-207353000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-247046000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-80414000 USD
CY2019 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
0 USD
CY2018 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
100000000 USD
CY2017 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
125000000 USD
CY2019 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
CY2018 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1481000 USD
CY2017 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
5500000 USD
CY2019 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
52000000 USD
CY2018 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
25000000 USD
CY2017 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
36000000 USD
CY2019 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
0 USD
CY2018 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
25000000 USD
CY2017 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
81000000 USD
CY2019 us-gaap Payments Of Dividends
PaymentsOfDividends
78488000 USD
CY2018 us-gaap Payments Of Dividends
PaymentsOfDividends
69494000 USD
CY2017 us-gaap Payments Of Dividends
PaymentsOfDividends
58695000 USD
CY2019 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
355000 USD
CY2018 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
456000 USD
CY2017 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
460000 USD
CY2019 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
3167000 USD
CY2018 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
0 USD
CY2017 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
988000 USD
CY2019 fcpt Repaymentsof Debt Assumed In Purchaseof Real Estate Investments
RepaymentsofDebtAssumedInPurchaseofRealEstateInvestments
0 USD
CY2018 fcpt Repaymentsof Debt Assumed In Purchaseof Real Estate Investments
RepaymentsofDebtAssumedInPurchaseofRealEstateInvestments
0 USD
CY2017 fcpt Repaymentsof Debt Assumed In Purchaseof Real Estate Investments
RepaymentsofDebtAssumedInPurchaseofRealEstateInvestments
2305000 USD
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2702000 USD
CY2018 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
393000 USD
CY2017 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
14521000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
190034000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
44197000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-88159000 USD
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
23871000 USD
CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
42728000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
93242000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
69371000 USD
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26643000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5083000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
93242000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
69371000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
25948000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
20218000 USD
CY2017 us-gaap Interest Paid Net
InterestPaidNet
14102000 USD
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
589000 USD
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
470000 USD
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
561000 USD
CY2019 us-gaap Proceeds From Lease Payments
ProceedsFromLeasePayments
129699000 USD
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
415000 USD
CY2019Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
21325000 USD
CY2018Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
19580000 USD
CY2017Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
16843000 USD
CY2019 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
0 USD
CY2018 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
0 USD
CY2017 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
2305000 USD
CY2019 us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
-9536000 USD
CY2018 us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
993000 USD
CY2017 us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
4152000 USD
CY2019 us-gaap Stock Issued1
StockIssued1
0 USD
CY2018 us-gaap Stock Issued1
StockIssued1
0 USD
CY2017 us-gaap Stock Issued1
StockIssued1
3609000 USD
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:138%;padding-bottom:8px;padding-top:12px;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:bold;text-decoration:none;">Use of Estimates</span></div><div style="line-height:138%;padding-bottom:8px;padding-top:13px;text-align:justify;text-indent:24px;font-size:10pt;"><span 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. Actual results may differ from the estimates and assumptions used in preparing the accompanying Consolidated Financial Statements, and such differences could be material.</span></div>
CY2018 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
1500000 USD
CY2017 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
228000 USD
CY2019Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
0 USD
CY2018 fcpt Real Estate Investments Contingent Consideration
RealEstateInvestmentsContingentConsideration
0 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5083000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
92041000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
64466000 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 USD
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1201000 USD
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
4905000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5083000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
93242000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
69371000 USD
CY2019 us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
<div style="line-height:138%;padding-bottom:8px;padding-top:12px;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:bold;text-decoration:none;">Derivative Instruments and Hedging Activities</span></div><div style="line-height:138%;padding-bottom:8px;text-align:justify;text-indent:24px;font-size:10pt;"><span 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 </span></div><div style="line-height:138%;padding-bottom:8px;text-align:justify;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;color:#000000;">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 Sheets 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. </span></div><div style="line-height:138%;padding-bottom:8px;text-align:justify;text-indent:24px;font-size:10pt;"><span 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’ 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.</span></div>
CY2019Q4 us-gaap Number Of Restaurants
NumberOfRestaurants
304 restaurant
CY2019Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
46 state
CY2019Q4 us-gaap Derivative Asset Fair Value Gross Liability And Obligation To Return Cash Offset
DerivativeAssetFairValueGrossLiabilityAndObligationToReturnCashOffset
3600000 USD
CY2019Q4 fcpt Redeemable Noncontrolling Interest Equity Redemption Ratio
RedeemableNoncontrollingInterestEquityRedemptionRatio
1 shares
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
57917000 USD
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
18998000 USD
CY2019Q4 fcpt Real Estate Investment Property And Intangible Asset Net
RealEstateInvestmentPropertyAndIntangibleAssetNet
1390021000 USD
CY2018Q4 fcpt Real Estate Investment Property And Intangible Asset Net
RealEstateInvestmentPropertyAndIntangibleAssetNet
1209695000 USD
CY2019 fcpt Real Estate Investments Contingent Consideration
RealEstateInvestmentsContingentConsideration
0 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
16063000 USD
CY2019Q4 fcpt Intangible Assets Gross Excluding Goodwill And Finance Lease Right Of Use Asset
IntangibleAssetsGrossExcludingGoodwillAndFinanceLeaseRightOfUseAsset
62661000 USD
CY2018Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
20397000 USD
CY2019Q4 fcpt Finite Lived Intangible Assets And Finance Lease Right Of Use Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAndFinanceLeaseRightOfUseAssetsAccumulatedAmortization
4744000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1399000 USD
CY2019Q4 fcpt Intangible Assets Net Excluding Goodwill And Finance Lease Right Of Use Assets
IntangibleAssetsNetExcludingGoodwillAndFinanceLeaseRightOfUseAssets
57917000 USD
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
18998000 USD
CY2019Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
1923000 USD
CY2018Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
610000 USD
CY2019Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
155000 USD
CY2018Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
33000 USD
CY2019Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
1768000 USD
CY2018Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
577000 USD
CY2019 fcpt Intangible Lease Assets And Liabilities Weighted Average Amortization Period
IntangibleLeaseAssetsAndLiabilitiesWeightedAverageAmortizationPeriod
P11Y1M6D
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
5347000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
4960000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
4655000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3893000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
3494000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
17737000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
40086000 USD
CY2019 fcpt Number Of Ground Leases
NumberOfGroundLeases
3 ground_lease
CY2018Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
0 USD
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5723000 USD
CY2018Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
0 USD
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
6425000 USD
CY2018Q4 us-gaap Deferred Rent Credit
DeferredRentCredit
702000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
265000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
282000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
290000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
290000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
290000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
5671000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
7088000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2685000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
4403000 USD
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0452
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P21Y3M18D
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
550000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
400000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
103000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
0 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
1053000 USD
CY2019 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
663000 USD
CY2018 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
716000 USD
CY2017 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
608000 USD
CY2019 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
138746000 USD
CY2019 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
936000 USD
CY2019 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
139682000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
140395000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
141993000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
143263000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
143987000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
145732000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
1010660000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1726030000 USD
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
7100000 USD
CY2018Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
9100000 USD
CY2019Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0301
CY2018Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0368
CY2019 us-gaap Gain On Cash Flow Hedge Ineffectiveness
GainOnCashFlowHedgeIneffectiveness
0 USD
CY2018 us-gaap Gain On Cash Flow Hedge Ineffectiveness
GainOnCashFlowHedgeIneffectiveness
0 USD
CY2017 us-gaap Derivative Net Hedge Ineffectiveness Gain Loss
DerivativeNetHedgeIneffectivenessGainLoss
54000 USD
CY2019 us-gaap Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred
DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred
400000 USD
CY2019Q4 us-gaap Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
2 swap
CY2019Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
300000000 USD
CY2019Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
3600000 USD
CY2018Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
6100000 USD
CY2019Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
3600000 USD
CY2019Q4 fcpt Prepaid Acquisition Expense
PrepaidAcquisitionExpense
4219000 USD
CY2018Q4 fcpt Prepaid Acquisition Expense
PrepaidAcquisitionExpense
1802000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
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3810000 USD
CY2019Q4 us-gaap Prepaid Expense Current And Noncurrent
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845000 USD
CY2018Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
815000 USD
CY2019Q4 us-gaap Accounts Receivable Net
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380000 USD
CY2018Q4 us-gaap Accounts Receivable Net
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782000 USD
CY2019Q4 us-gaap Inventory Net
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196000 USD
CY2018Q4 us-gaap Inventory Net
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183000 USD
CY2019Q4 us-gaap Escrow Deposit
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0 USD
CY2018Q4 us-gaap Escrow Deposit
EscrowDeposit
1201000 USD
CY2019Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
715000 USD
CY2018Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
456000 USD
CY2019Q4 us-gaap Other Assets
OtherAssets
10165000 USD
CY2018Q4 us-gaap Other Assets
OtherAssets
5239000 USD
CY2019Q4 us-gaap Operating Lease Liability
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4403000 USD
CY2019Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
1913000 USD
CY2018Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
1714000 USD
CY2019Q4 us-gaap Below Market Lease Net
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1768000 USD
CY2018Q4 us-gaap Below Market Lease Net
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577000 USD
CY2019Q4 us-gaap Interest Payable Current And Noncurrent
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1572000 USD
CY2018Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
1586000 USD
CY2019Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
799000 USD
CY2018Q4 us-gaap Accounts Payable Current And Noncurrent
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986000 USD
CY2019Q4 fcpt Accrued Operating Expenses
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396000 USD
CY2018Q4 fcpt Accrued Operating Expenses
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486000 USD
CY2018Q4 us-gaap Other Liabilities
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7053000 USD
CY2019Q4 us-gaap Other Sundry Liabilities
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1745000 USD
CY2018Q4 us-gaap Other Sundry Liabilities
OtherSundryLiabilities
1704000 USD
CY2019Q4 us-gaap Other Liabilities
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12596000 USD
CY2019Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2019Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2019Q4 us-gaap Preferred Stock Shares Issued
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0 shares
CY2019Q4 us-gaap Common Stock Shares Authorized
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500000000 shares
CY2019Q4 us-gaap Common Stock Par Or Stated Value Per Share
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0.0001
CY2019 us-gaap Common Stock Voting Rights
CommonStockVotingRights
one vote
CY2019Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.2875
CY2019Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.2875
CY2019Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.2875
CY2019Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.305
CY2019Q4 us-gaap Common Stock Shares Issued
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70020660 shares
CY2019Q4 us-gaap Units Of Partnership Interest Amount
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289392 shares
CY2019Q4 us-gaap Redeemable Noncontrolling Interest Equity Redemption Value
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7900000 USD
CY2018Q4 us-gaap Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
10800000 USD
CY2017Q4 us-gaap Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
10600000 USD
CY2019Q4 us-gaap Minority Interest Ownership Percentage By Parent
MinorityInterestOwnershipPercentageByParent
0.9959
CY2019Q4 us-gaap Minority Interest Ownership Percentage By Noncontrolling Owners
MinorityInterestOwnershipPercentageByNoncontrollingOwners
0.0041
CY2019Q4 us-gaap Units Of Partnership Interest Amount
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289392 shares
CY2019 us-gaap Limited Partners Capital Account Distribution Amount
LimitedPartnersCapitalAccountDistributionAmount
355000 USD
CY2019Q4 fcpt Redeemable Noncontrolling Interest Equity Redemptions Settled Units
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119928 shares
CY2019 fcpt Redeemable Noncontrolling Interest Equity Redemptions Settled Units For Cash
RedeemableNoncontrollingInterestEquityRedemptionsSettledUnitsForCash
113962 shares
CY2019 fcpt Redeemable Noncontrolling Interest Equity Redemptions Settled Units Weighted Average Price
RedeemableNoncontrollingInterestEquityRedemptionsSettledUnitsWeightedAveragePrice
27.78
CY2019 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
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3200000 USD
CY2019Q4 fcpt Redeemable Noncontrolling Interest Equity Redemptions Settled Common Stock
RedeemableNoncontrollingInterestEquityRedemptionsSettledCommonStock
5966 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
68430841 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
64041255 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60627423 shares
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
201169 shares
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
347674 shares
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
68411 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
68632010 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
64388929 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60695834 shares
CY2019 us-gaap Profit Loss
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72939000 USD
CY2018 us-gaap Profit Loss
ProfitLoss
82929000 USD
CY2017 us-gaap Profit Loss
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71892000 USD
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.06
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.29
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.18
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.06
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.28
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.18
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
324246 shares
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
176945 shares
CY2017 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
320332 shares
CY2019 fcpt Weighted Average Unitsof Partnership Interest Amount
WeightedAverageUnitsofPartnershipInterestAmount
289392 shares
CY2018 fcpt Weighted Average Unitsof Partnership Interest Amount
WeightedAverageUnitsofPartnershipInterestAmount
305253 shares
CY2017 fcpt Weighted Average Unitsof Partnership Interest Amount
WeightedAverageUnitsofPartnershipInterestAmount
409320 shares
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
3000 USD
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
262000 USD
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
262000 USD
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
178000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
265000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
262000 USD
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
178000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 USD
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 USD
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-196000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2019 fcpt Deferred Income Tax Expense Benefit Including Other
DeferredIncomeTaxExpenseBenefitIncludingOther
0 USD
CY2018 fcpt Deferred Income Tax Expense Benefit Including Other
DeferredIncomeTaxExpenseBenefitIncludingOther
0 USD
CY2017 fcpt Deferred Income Tax Expense Benefit Including Other
DeferredIncomeTaxExpenseBenefitIncludingOther
-196000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
265000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
262000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-18000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.340
CY2019 fcpt Effective Income Tax Rate Reconciliation Real Estate Investment Trust Election Percent
EffectiveIncomeTaxRateReconciliationRealEstateInvestmentTrustElectionPercent
-0.210
CY2018 fcpt Effective Income Tax Rate Reconciliation Real Estate Investment Trust Election Percent
EffectiveIncomeTaxRateReconciliationRealEstateInvestmentTrustElectionPercent
-0.210
CY2017 fcpt Effective Income Tax Rate Reconciliation Real Estate Investment Trust Election Percent
EffectiveIncomeTaxRateReconciliationRealEstateInvestmentTrustElectionPercent
-0.341
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.008
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.007
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.001
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.005
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.004
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.001
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.008
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.007
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
40000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
37000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
30000 USD
CY2019Q4 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
636000 USD
CY2018Q4 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
484000 USD
CY2017Q4 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
366000 USD
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
0 USD
CY2018Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
0 USD
CY2017Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
26000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
139000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
148000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
137000 USD
CY2019Q4 us-gaap Deferred Tax Assets Inventory
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13000 USD
CY2018Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
12000 USD
CY2017Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
13000 USD
CY2019Q4 us-gaap Deferred Tax Assets Gross
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828000 USD
CY2018Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
681000 USD
CY2017Q4 us-gaap Deferred Tax Assets Gross
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572000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
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25000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
24000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
23000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
0 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
0 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
275000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
284000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
273000 USD
CY2019Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
300000 USD
CY2018Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
308000 USD
CY2017Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
296000 USD
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
528000 USD
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
373000 USD
CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
276000 USD
CY2019Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 USD
CY2018Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 USD
CY2017Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
0 USD
CY2015Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
2100000 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
1475745 shares
CY2019Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
3120000 USD
CY2018Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
3068000 USD
CY2019 fcpt Employee Service Sharebased Compensation Nonvested Awards Compensation Notyet Recognized Sharebased Awards Otherthan Options Grantsin Period
EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationNotyetRecognizedSharebasedAwardsOtherthanOptionsGrantsinPeriod
3684000 USD
CY2019 fcpt Employee Service Sharebased Compensation Nonvested Awards Compensation Notyet Recognized Sharebased Awards Otherthan Options Forfeitedin Period
EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationNotyetRecognizedSharebasedAwardsOtherthanOptionsForfeitedinPeriod
27000 USD
CY2019 fcpt Employee Service Sharebased Compensation Nonvested Awards Compensation Notyet Recognized Sharebased Awards Otherthan Options Compensation Expensein Period
EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationNotyetRecognizedSharebasedAwardsOtherthanOptionsCompensationExpenseinPeriod
3602000 USD
CY2019Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
3123000 USD
CY2019 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P2Y1M6D
CY2019Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
5005000 USD
CY2018Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
0 USD
CY2019 us-gaap Number Of Operating Segments
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2 state
CY2019 us-gaap Revenue From Contract With Customer Including Assessed Tax
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160233000 USD
CY2019 us-gaap General And Administrative Expense
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13934000 USD
CY2019 us-gaap Depreciation And Amortization
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26312000 USD
CY2019 us-gaap Operating Expenses
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61457000 USD
CY2019 us-gaap Interest Expense
InterestExpense
26516000 USD
CY2019 us-gaap Other Income
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944000 USD
CY2019 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
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0 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
265000 USD
CY2019 us-gaap Profit Loss
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72939000 USD
CY2018 us-gaap Revenue From Contract With Customer Including Assessed Tax
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143635000 USD
CY2018 us-gaap General And Administrative Expense
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13206000 USD
CY2018 us-gaap Depreciation And Amortization
DepreciationAndAmortization
23884000 USD
CY2018 us-gaap Operating Expenses
OperatingExpenses
56537000 USD
CY2018 us-gaap Interest Expense
InterestExpense
19959000 USD
CY2018 us-gaap Other Income
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781000 USD
CY2018 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
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15271000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
262000 USD
CY2018 us-gaap Profit Loss
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82929000 USD
CY2017 us-gaap Revenue From Contract With Customer Including Assessed Tax
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133209000 USD
CY2017 us-gaap General And Administrative Expense
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11976000 USD
CY2017 us-gaap Depreciation And Amortization
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21811000 USD
CY2017 us-gaap Operating Expenses
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52722000 USD
CY2017 us-gaap Interest Expense
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19469000 USD
CY2017 us-gaap Other Income
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324000 USD
CY2017 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
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10532000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-18000 USD
CY2017 us-gaap Profit Loss
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71892000 USD
CY2019Q4 us-gaap Real Estate Investment Property At Cost
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1967734000 USD
CY2019Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
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635630000 USD
CY2019Q4 us-gaap Real Estate Investment Property Net
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1332104000 USD
CY2019Q4 us-gaap Cash
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5083000 USD
CY2019Q4 us-gaap Assets
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1446070000 USD
CY2019Q4 us-gaap Notes Payable
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669940000 USD
CY2018Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1805281000 USD
CY2018Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
614584000 USD
CY2018Q4 us-gaap Real Estate Investment Property Net
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1190697000 USD
CY2018Q4 us-gaap Cash
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92041000 USD
CY2018Q4 us-gaap Assets
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1343098000 USD
CY2018Q4 us-gaap Notes Payable
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615892000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
39601000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
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39568000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
40183000 USD
CY2019Q4 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
40881000 USD
CY2019Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3946000 USD
CY2019Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3431000 USD
CY2019Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3389000 USD
CY2019Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3168000 USD
CY2019Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
6361000 USD
CY2019Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
6518000 USD
CY2019Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
6653000 USD
CY2019Q4 us-gaap Depreciation And Amortization
DepreciationAndAmortization
6780000 USD
CY2019Q1 us-gaap Operating Expenses
OperatingExpenses
15598000 USD
CY2019Q2 us-gaap Operating Expenses
OperatingExpenses
15320000 USD
CY2019Q3 us-gaap Operating Expenses
OperatingExpenses
15193000 USD
CY2019Q4 us-gaap Operating Expenses
OperatingExpenses
15346000 USD
CY2019Q1 us-gaap Interest Expense
InterestExpense
6747000 USD
CY2019Q2 us-gaap Interest Expense
InterestExpense
6557000 USD
CY2019Q3 us-gaap Interest Expense
InterestExpense
6665000 USD
CY2019Q4 us-gaap Interest Expense
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6547000 USD
CY2019Q1 us-gaap Other Income
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413000 USD
CY2019Q2 us-gaap Other Income
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306000 USD
CY2019Q3 us-gaap Other Income
OtherIncome
153000 USD
CY2019Q4 us-gaap Other Income
OtherIncome
72000 USD
CY2019Q1 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
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0 USD
CY2019Q2 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
0 USD
CY2019Q3 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
0 USD
CY2019Q4 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
0 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
68000 USD
CY2019Q2 us-gaap Income Tax Expense Benefit
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