$FCPT
Four Corners Property Trust, Inc.

2020 Q2 Form 10-Q Financial Statement

#000165013220000093 Filed on August 03, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $40.93M $39.57M
YoY Change 3.44% 14.11%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $8.100M $8.800M
YoY Change -7.95% 10.14%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.000M $6.500M
YoY Change 7.69% 22.64%
% of Gross Profit
Operating Expenses $15.19M $15.32M
YoY Change -0.86% 16.07%
Operating Profit
YoY Change
Interest Expense $7.319M $6.557M
YoY Change 11.62% 34.45%
% of Operating Profit
Other Income/Expense, Net $160.0K $310.0K
YoY Change -48.39% 34.78%
Pretax Income $18.58M $18.00M
YoY Change 3.22% -35.0%
Income Tax $64.00K $61.00K
% Of Pretax Income 0.34% 0.34%
Net Earnings $18.47M $17.87M
YoY Change 3.35% -34.9%
Net Earnings / Revenue 45.12% 45.16%
Basic Earnings Per Share $0.26 $0.26
Diluted Earnings Per Share $0.26 $0.26
COMMON SHARES
Basic Shares Outstanding 70.26M shares 68.30M shares
Diluted Shares Outstanding 70.37M shares 68.50M shares

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.100M $39.30M
YoY Change -87.02% -55.54%
Cash & Equivalents $5.098M $39.29M
Short-Term Investments
Other Short-Term Assets $700.0K $500.0K
YoY Change 40.0% 25.0%
Inventory $179.0K $155.0K
Prepaid Expenses
Receivables $4.400M $300.0K
Other Receivables $0.00 $0.00
Total Short-Term Assets $10.40M $40.30M
YoY Change -74.19% -54.92%
LONG-TERM ASSETS
Property, Plant & Equipment $1.388B $1.241B
YoY Change 11.81% 26.03%
Goodwill
YoY Change
Intangibles $66.40M $26.25M
YoY Change 152.92% 217.33%
Long-Term Investments
YoY Change
Other Assets $46.70M $35.90M
YoY Change 30.08% 30.55%
Total Long-Term Assets $1.502B $1.305B
YoY Change 15.11% 26.24%
TOTAL ASSETS
Total Short-Term Assets $10.40M $40.30M
Total Long-Term Assets $1.502B $1.305B
Total Assets $1.512B $1.345B
YoY Change 12.43% 19.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $300.0K $700.0K
YoY Change -57.14% 0.0%
Accrued Expenses $10.00M $9.500M
YoY Change 5.26% 227.59%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $40.80M $38.60M
YoY Change 5.7% 31.74%
LONG-TERM LIABILITIES
Long-Term Debt $747.3M $616.9M
YoY Change 21.14% 19.46%
Other Long-Term Liabilities $26.70M $6.800M
YoY Change 292.65% 385.71%
Total Long-Term Liabilities $774.0M $623.7M
YoY Change 24.1% 20.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $40.80M $38.60M
Total Long-Term Liabilities $774.0M $623.7M
Total Liabilities $814.7M $662.3M
YoY Change 23.01% 21.05%
SHAREHOLDERS EQUITY
Retained Earnings $33.29M $42.12M
YoY Change -20.96% -7.26%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $693.5M $677.0M
YoY Change
Total Liabilities & Shareholders Equity $1.512B $1.345B
YoY Change 12.43% 19.78%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $18.47M $17.87M
YoY Change 3.35% -34.9%
Depreciation, Depletion And Amortization $7.000M $6.500M
YoY Change 7.69% 22.64%
Cash From Operating Activities $19.60M $21.10M
YoY Change -7.11% 9.9%
INVESTING ACTIVITIES
Capital Expenditures -$34.40M -$44.30M
YoY Change -22.35% 162.13%
Acquisitions
YoY Change
Other Investing Activities $600.0K $100.0K
YoY Change 500.0% -99.36%
Cash From Investing Activities -$33.80M -$44.10M
YoY Change -23.36% 3292.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -71.20M -18.70M
YoY Change 280.75% -205.65%
NET CHANGE
Cash From Operating Activities 19.60M 21.10M
Cash From Investing Activities -33.80M -44.10M
Cash From Financing Activities -71.20M -18.70M
Net Change In Cash -85.40M -41.70M
YoY Change 104.8% -217.13%
FREE CASH FLOW
Cash From Operating Activities $19.60M $21.10M
Capital Expenditures -$34.40M -$44.30M
Free Cash Flow $54.00M $65.40M
YoY Change -17.43% 81.16%

Facts In Submission

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CY2020Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
16101000 USD
CY2019Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
11378000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
11102000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
25266000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
701979000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
18520000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2372000 USD
CY2020Q2 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
0 USD
CY2020Q2 us-gaap Dividends Common Stock
DividendsCommonStock
21483000 USD
CY2020Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
788000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
697432000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
726741000 USD
us-gaap Profit Loss
ProfitLoss
37856000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-26725000 USD
us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
813000 USD
us-gaap Dividends Common Stock
DividendsCommonStock
42976000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-939000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
697432000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
689218000 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
17936000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-6517000 USD
CY2019Q2 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
2000 USD
CY2019Q2 us-gaap Dividends Common Stock
DividendsCommonStock
19723000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
767000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
682671000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
698964000 USD
us-gaap Profit Loss
ProfitLoss
35537000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-10153000 USD
us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
3167000 USD
us-gaap Dividends Common Stock
DividendsCommonStock
39450000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-712000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
682671000 USD
us-gaap Profit Loss
ProfitLoss
37856000 USD
us-gaap Profit Loss
ProfitLoss
35537000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
14148000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
12879000 USD
fcpt Non Cash Revenue Adjustments
NonCashRevenueAdjustments
387000 USD
fcpt Non Cash Revenue Adjustments
NonCashRevenueAdjustments
24000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1046000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1027000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1628000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1989000 USD
us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
8260000 USD
us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
5000 USD
fcpt Increase Decreasein Straight Line Rent Adjustment
IncreaseDecreaseinStraightLineRentAdjustment
4270000 USD
fcpt Increase Decreasein Straight Line Rent Adjustment
IncreaseDecreaseinStraightLineRentAdjustment
4593000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1427000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
7141000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
4440000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-47000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
36668000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
54046000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
71963000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
64598000 USD
us-gaap Proceeds From Deposits On Real Estate Sales
ProceedsFromDepositsOnRealEstateSales
973000 USD
us-gaap Proceeds From Deposits On Real Estate Sales
ProceedsFromDepositsOnRealEstateSales
205000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-70990000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-64393000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
4288000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1652000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
125000000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
0 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1190000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
130500000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
178000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
42745000 USD
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
39206000 USD
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
136000 USD
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
183000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
813000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
3167000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2567000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2702000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
34337000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-43606000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
15000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-53953000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5083000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
39289000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
93242000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5098000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
234000 USD
us-gaap Interest Paid Net
InterestPaidNet
12011000 USD
us-gaap Interest Paid Net
InterestPaidNet
7916000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
387000 USD
us-gaap Proceeds From Lease Payments
ProceedsFromLeasePayments
66782000 USD
us-gaap Proceeds From Lease Payments
ProceedsFromLeasePayments
63588000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
283000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
208000 USD
CY2020Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
21420000 USD
CY2019Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
19641000 USD
us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
-18465000 USD
us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
-10148000 USD
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;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 revenue 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>
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0 USD
fcpt Assets Held For Sale Disposal Period
AssetsHeldForSaleDisposalPeriod
P1Y
CY2020Q2 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
0 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5098000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5083000 USD
CY2020Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5098000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5083000 USD
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 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.</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 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, 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>
CY2020Q2 fcpt Rent Deferrals Agreed Amount Of Contractual Base Rent
RentDeferralsAgreedAmountOfContractualBaseRent
1000000.0 USD
CY2020Q2 fcpt Lessor Rental Revenue With Rent Abatements Under Lease Amendments
LessorRentalRevenueWithRentAbatementsUnderLeaseAmendments
1400000 USD
us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<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;">Revenue Recognition</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;font-style:italic;font-weight:normal;text-decoration:none;">Rental Revenue</span></div><div style="line-height:138%;padding-bottom:8px;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><span 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 probable. Recognizing rental revenue 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. </span></div><div style="line-height:138%;padding-bottom:8px;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;color:#000000;">We assess the collectability of our lease receivables, including deferred rents receivable, on several factors, including payment history, the financial strength of the tenant and any guarantors, historical operations and operating trends of the property, and current economic conditions. If our evaluation of these factors indicates it is not probable that we will be to recover substantially all of the receivable, we derecognize the deferred rent receivable asset and record as a reduction in rental revenue. If we determine the lease receivable will not be collected due to a credit concern, we reduce the recorded revenue for the period and related accounts receivable. </span></div><div style="line-height:138%;padding-bottom:8px;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><span 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. Prior to the adoption of ASC 842, lessor costs reimbursed by the lessee were presented on a net basis in our Consolidated Financial Statements. Subsequent to the adoption of ASC 842 on January 1, 2019, costs paid by the lessor and reimbursed by the lessees are included in variable lease payments and presented on a gross basis within </span></div><div style="line-height:138%;padding-bottom:8px;padding-top:8px;text-align:justify;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;color:#000000;">rental revenue. Sales taxes collected from lessees and remitted to governmental authorities are presented on a net basis within rental revenue.</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;font-style:italic;font-weight:normal;text-decoration:none;">Restaurant Revenue</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;">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 </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;">June 30, 2020</span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;"> and </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;">December 31, 2019</span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;">, credit card receivables, included in other assets, totaled </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;"><span>$31 thousand</span></span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;"> and $</span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;"><span>81 thousand</span></span><span 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 Income Statements. </span></div>
CY2020Q2 us-gaap Credit Card Receivables
CreditCardReceivables
31000 USD
CY2019Q4 us-gaap Credit Card Receivables
CreditCardReceivables
81000 USD
CY2020Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
46 state
CY2020Q2 us-gaap Land And Land Improvements
LandAndLandImprovements
733680000 USD
CY2019Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
690575000 USD
CY2020Q2 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1160382000 USD
CY2019Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1142275000 USD
CY2020Q2 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
135101000 USD
CY2019Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
134884000 USD
CY2020Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2029163000 USD
CY2019Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1967734000 USD
CY2020Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
647123000 USD
CY2019Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
635630000 USD
CY2020Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1382040000 USD
CY2019Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1332104000 USD
CY2020Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
66398000 USD
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
57917000 USD
CY2020Q2 fcpt Real Estate Investment Property And Intangible Asset Net
RealEstateInvestmentPropertyAndIntangibleAssetNet
1448438000 USD
CY2019Q4 fcpt Real Estate Investment Property And Intangible Asset Net
RealEstateInvestmentPropertyAndIntangibleAssetNet
1390021000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
71500000 USD
CY2020Q2 us-gaap Number Of Restaurants
NumberOfRestaurants
34 property
CY2020Q2 fcpt Real Estate Investments Number Of States With Properties
RealEstateInvestmentsNumberOfStatesWithProperties
14 state
us-gaap Payments To Acquire Land
PaymentsToAcquireLand
37100000 USD
fcpt Paymentsto Acquire Buildingsand Improvements
PaymentstoAcquireBuildingsandImprovements
18100000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
16300000 USD
fcpt Real Estate Investments Contingent Consideration
RealEstateInvestmentsContingentConsideration
0 USD
CY2020Q2 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P6Y9M18D
CY2020Q2 us-gaap Number Of Properties Subject To Ground Leases
NumberOfPropertiesSubjectToGroundLeases
3 property
CY2020Q2 fcpt Increase Decrease Of Land
IncreaseDecreaseOfLand
6000000.0 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
64600000 USD
CY2019Q2 us-gaap Number Of Restaurants
NumberOfRestaurants
32 restaurant
CY2019Q2 fcpt Real Estate Investments Number Of States With Properties
RealEstateInvestmentsNumberOfStatesWithProperties
15 state
us-gaap Payments To Acquire Land
PaymentsToAcquireLand
34000000.0 USD
fcpt Paymentsto Acquire Buildingsand Improvements
PaymentstoAcquireBuildingsandImprovements
22200000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
8400000 USD
CY2019Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
0 property
CY2020Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
12344000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
16063000 USD
CY2020Q2 fcpt Intangible Assets And Finance Lease Right Of Use Asset Before Accumulated Amortization
IntangibleAssetsAndFinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
74366000 USD
CY2019Q4 fcpt Intangible Assets And Finance Lease Right Of Use Asset Before Accumulated Amortization
IntangibleAssetsAndFinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
62661000 USD
CY2020Q2 fcpt Intangible Assets And Finance Lease Right Of Use Asset Accumulated Amortization
IntangibleAssetsAndFinanceLeaseRightOfUseAssetAccumulatedAmortization
7968000 USD
CY2019Q4 fcpt Intangible Assets And Finance Lease Right Of Use Asset Accumulated Amortization
IntangibleAssetsAndFinanceLeaseRightOfUseAssetAccumulatedAmortization
4744000 USD
CY2020Q2 fcpt Intangible Assets And Finance Lease Right Of Use Asset After Accumulated Amortization
IntangibleAssetsAndFinanceLeaseRightOfUseAssetAfterAccumulatedAmortization
66398000 USD
CY2019Q4 fcpt Intangible Assets And Finance Lease Right Of Use Asset After Accumulated Amortization
IntangibleAssetsAndFinanceLeaseRightOfUseAssetAfterAccumulatedAmortization
57917000 USD
CY2020Q2 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
2978000 USD
CY2019Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
1923000 USD
CY2020Q2 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
375000 USD
CY2019Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
155000 USD
CY2020Q2 us-gaap Below Market Lease Net
BelowMarketLeaseNet
2603000 USD
CY2019Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
1768000 USD
fcpt Intangible Lease Assets And Liabilities Weighted Average Amortization Period
IntangibleLeaseAssetsAndLiabilitiesWeightedAverageAmortizationPeriod
P9Y8M12D
us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P10Y
fcpt Below Market Leases Amortization Period
BelowMarketLeasesAmortizationPeriod
P9Y8M12D
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
4031000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
7666000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
7112000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
5537000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
4898000 USD
CY2020Q2 fcpt Finite Lived Intangible Asset Expected Amortizationafter Year Four
FiniteLivedIntangibleAssetExpectedAmortizationafterYearFour
22207000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
51451000 USD
fcpt Number Of Ground Leases
NumberOfGroundLeases
2 ground_lease
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
325000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
673000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
693000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
705000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
718000 USD
CY2020Q2 fcpt Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
5851000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
8965000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2703000 USD
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
6262000 USD
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0406
CY2020Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P17Y2M12D
CY2020Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
179000 USD
CY2019Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
165000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
320000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
333000 USD
CY2020Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
37379000 USD
CY2019Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
34249000 USD
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
74627000 USD
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
68259000 USD
CY2020Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
655000 USD
CY2019Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
166000 USD
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
1132000 USD
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
364000 USD
CY2020Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
38034000 USD
CY2019Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
34415000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
75759000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
68623000 USD
CY2020Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
72476000 USD
CY2020Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
146267000 USD
CY2020Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
147184000 USD
CY2020Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
147387000 USD
CY2020Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
148733000 USD
CY2020Q2 fcpt Lessor Operating Lease Payments To Be Received After Four Years
LessorOperatingLeasePaymentsToBeReceivedAfterFourYears
1017667000 USD
CY2020Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1679714000 USD
CY2020Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5632000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3810000 USD
CY2020Q2 fcpt Prepaid Acquisition Expense
PrepaidAcquisitionExpense
3050000 USD
CY2019Q4 fcpt Prepaid Acquisition Expense
PrepaidAcquisitionExpense
4219000 USD
CY2020Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
662000 USD
CY2019Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
845000 USD
CY2020Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
4401000 USD
CY2019Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
380000 USD
CY2020Q2 us-gaap Inventory Net
InventoryNet
179000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
196000 USD
CY2020Q2 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
1074000 USD
CY2019Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
715000 USD
CY2020Q2 us-gaap Other Assets
OtherAssets
14998000 USD
CY2019Q4 us-gaap Other Assets
OtherAssets
10165000 USD
CY2020Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6262000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4403000 USD
CY2020Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
1925000 USD
CY2019Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
1572000 USD
CY2020Q2 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
1367000 USD
CY2019Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
1913000 USD
CY2020Q2 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
312000 USD
CY2019Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
799000 USD
CY2020Q2 fcpt Intangible Lease Liabilities Net
IntangibleLeaseLiabilitiesNet
2603000 USD
CY2019Q4 fcpt Intangible Lease Liabilities Net
IntangibleLeaseLiabilitiesNet
1768000 USD
CY2020Q2 fcpt Accrued Operating Expenses
AccruedOperatingExpenses
418000 USD
CY2019Q4 fcpt Accrued Operating Expenses
AccruedOperatingExpenses
396000 USD
CY2020Q2 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
2065000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
1745000 USD
CY2020Q2 us-gaap Other Liabilities
OtherLiabilities
14952000 USD
CY2019Q4 us-gaap Other Liabilities
OtherLiabilities
12596000 USD
CY2020Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
7200000 USD
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
7100000 USD
CY2020Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
534000 USD
CY2019Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
514000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1000000.0 USD
CY2020Q2 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0148
CY2019Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0301
fcpt Derivate Instrument Cash Flow Hedges Terminated
DerivateInstrumentCashFlowHedgesTerminated
2 hedge
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-8400000 USD
fcpt Derivative Termination Amortization Period
DerivativeTerminationAmortizationPeriod
P10Y
CY2020Q2 us-gaap Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
2 swap
us-gaap Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred
DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred
-6400000 USD
CY2020Q2 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
22000000.0 USD
CY2019Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
3600000 USD
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
64000 USD
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
61000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
125000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
129000 USD
CY2020Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2020Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2020Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2020Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2020Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2020Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
70333387 shares
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.3050
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.3050
CY2020Q2 us-gaap Units Of Partnership Interest Amount
UnitsOfPartnershipInterestAmount
204392 shares
CY2020Q2 us-gaap Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
5000000.0 USD
CY2019Q4 us-gaap Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
7900000 USD
CY2020Q2 us-gaap Units Of Partnership Interest Amount
UnitsOfPartnershipInterestAmount
204392 shares
us-gaap Limited Partners Capital Account Distribution Amount
LimitedPartnersCapitalAccountDistributionAmount
135000 USD
CY2020Q2 fcpt Redeemable Noncontrolling Interest Equity Redemptions Settled Units
RedeemableNoncontrollingInterestEquityRedemptionsSettledUnits
85000 shares
fcpt Redeemable Noncontrolling Interest Equity Redemptions Settled Units For Cash
RedeemableNoncontrollingInterestEquityRedemptionsSettledUnitsForCash
40000 shares
fcpt Redeemable Noncontrolling Interest Equity Redemptions Settled Units Weighted Average Price
RedeemableNoncontrollingInterestEquityRedemptionsSettledUnitsWeightedAveragePrice
20.30
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
813000 USD
CY2020Q2 fcpt Redeemable Noncontrolling Interest Equity Redemptions Settled Common Stock
RedeemableNoncontrollingInterestEquityRedemptionsSettledCommonStock
45000 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
70261189 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
68302395 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
70137490 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
68282947 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
109580 shares
CY2019Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
198786 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
150918 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
192831 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
70370769 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
68501181 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
70288408 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
68475778 shares
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
18466000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
17868000 USD
us-gaap Net Income Loss
NetIncomeLoss
37731000 USD
us-gaap Net Income Loss
NetIncomeLoss
35371000 USD
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.26
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.26
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.54
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.52
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.54
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.52
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
248859 shares
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
126178 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
204521 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
102133 shares
CY2020Q2 fcpt Weighted Average Unitsof Partnership Interest Amount
WeightedAverageUnitsofPartnershipInterestAmount
204392 shares
CY2019Q2 fcpt Weighted Average Unitsof Partnership Interest Amount
WeightedAverageUnitsofPartnershipInterestAmount
294506 shares
fcpt Weighted Average Unitsof Partnership Interest Amount
WeightedAverageUnitsofPartnershipInterestAmount
230268 shares
fcpt Weighted Average Unitsof Partnership Interest Amount
WeightedAverageUnitsofPartnershipInterestAmount
321378 shares
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
61000 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
17936000 USD
CY2015Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
2100000 shares
CY2020Q2 us-gaap Profit Loss
ProfitLoss
18520000 USD
CY2019Q2 us-gaap Lease Income
LeaseIncome
34415000 USD
CY2019Q2 us-gaap Revenues
Revenues
39568000 USD
CY2019Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3431000 USD
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
1029105.87 shares
CY2019Q2 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
6518000 USD
CY2019Q2 us-gaap Operating Expenses
OperatingExpenses
15320000 USD
CY2019Q2 us-gaap Interest Expense
InterestExpense
6557000 USD
CY2019Q2 us-gaap Other Income
OtherIncome
306000 USD
CY2020Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
5900000 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
fcpt Employee Service Sharebased Compensation Nonvested Awards Compensation Notyet Recognized Sharebased Awards Otherthan Options Grantsin Period
EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationNotyetRecognizedSharebasedAwardsOtherthanOptionsGrantsinPeriod
4479000 USD
fcpt Employee Service Sharebased Compensation Nonvested Awards Compensation Notyet Recognized Sharebased Awards Otherthan Options Forfeitedin Period
EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationNotyetRecognizedSharebasedAwardsOtherthanOptionsForfeitedinPeriod
100000 USD
fcpt Employee Service Sharebased Compensation Nonvested Awards Compensation Notyet Recognized Sharebased Awards Otherthan Options Compensation Expensein Period
EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationNotyetRecognizedSharebasedAwardsOtherthanOptionsCompensationExpenseinPeriod
1628000 USD
CY2020Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
5874000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y2M12D
CY2020Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
22019000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2020Q2 us-gaap Lease Income
LeaseIncome
38034000 USD
CY2020Q2 us-gaap Revenues
Revenues
40929000 USD
CY2020Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3719000 USD
CY2020Q2 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
7093000 USD
us-gaap Revenues
Revenues
83358000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7560000 USD
CY2020Q2 us-gaap Operating Expenses
OperatingExpenses
15188000 USD
CY2020Q2 us-gaap Interest Expense
InterestExpense
7319000 USD
CY2020Q2 us-gaap Other Income
OtherIncome
162000 USD
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
64000 USD
us-gaap Lease Income
LeaseIncome
75759000 USD
us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
14148000 USD
us-gaap Operating Expenses
OperatingExpenses
31221000 USD
us-gaap Interest Expense
InterestExpense
14322000 USD
us-gaap Other Income
OtherIncome
166000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
125000 USD
us-gaap Profit Loss
ProfitLoss
37856000 USD
us-gaap Lease Income
LeaseIncome
68623000 USD
us-gaap Revenues
Revenues
79169000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7377000 USD
us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
12879000 USD
us-gaap Operating Expenses
OperatingExpenses
30918000 USD
us-gaap Interest Expense
InterestExpense
13304000 USD
us-gaap Other Income
OtherIncome
719000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
129000 USD
us-gaap Profit Loss
ProfitLoss
35537000 USD
CY2020Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2029163000 USD
CY2020Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
647123000 USD
CY2020Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1382040000 USD
CY2020Q2 us-gaap Cash
Cash
5098000 USD
CY2020Q2 us-gaap Assets
Assets
1512155000 USD
CY2020Q2 us-gaap Notes Payable
NotesPayable
747296000 USD
CY2019Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1967734000 USD
CY2019Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
635630000 USD
CY2019Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1332104000 USD
CY2019Q4 us-gaap Cash
Cash
5083000 USD
CY2019Q4 us-gaap Assets
Assets
1446070000 USD
CY2019Q4 us-gaap Notes Payable
NotesPayable
669940000 USD
CY2020Q2 fcpt Lessor Rental Revenue With Rent Abatements Under Lease Amendments
LessorRentalRevenueWithRentAbatementsUnderLeaseAmendments
1400000 USD

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