2021 Q4 Form 10-Q Financial Statement

#000165013221000099 Filed on October 28, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $52.65M $50.71M $42.97M
YoY Change 18.01% 18.01% 6.93%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $12.11M $12.26M $8.570M
YoY Change 34.58% 43.07% 0.35%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.371M $8.831M $7.600M
YoY Change 21.7% 16.2% 15.15%
% of Gross Profit
Operating Expenses $21.48M $21.09M $16.09M
YoY Change 28.19% 31.1% 5.9%
Operating Profit
YoY Change
Interest Expense -$8.227M $8.311M $7.410M
YoY Change -209.71% 12.16% 11.18%
% of Operating Profit
Other Income/Expense, Net $26.00K $2.000K $0.00
YoY Change -100.0%
Pretax Income $22.97M $21.31M $19.47M
YoY Change 12.82% 9.42% 5.36%
Income Tax -$765.0K $97.00K $67.00K
% Of Pretax Income -3.33% 0.46% 0.34%
Net Earnings $23.70M $21.16M $19.35M
YoY Change 16.71% 9.38% 5.55%
Net Earnings / Revenue 45.01% 41.74% 45.03%
Basic Earnings Per Share $0.28 $0.27
Diluted Earnings Per Share $301.2K $0.28 $0.27
COMMON SHARES
Basic Shares Outstanding 77.35M shares 76.25M shares 71.01M shares
Diluted Shares Outstanding 76.36M shares 71.23M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.300M $7.809M $17.70M
YoY Change -43.24% -55.88% -40.6%
Cash & Equivalents $6.300M $7.809M $17.74M
Short-Term Investments
Other Short-Term Assets $1.375M $718.0K $500.0K
YoY Change 25.0% 43.6% 66.67%
Inventory $252.0K $186.0K $126.0K
Prepaid Expenses
Receivables $1.312M $992.0K $1.900M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $9.239M $9.705M $20.20M
YoY Change -31.05% -51.96% -33.55%
LONG-TERM ASSETS
Property, Plant & Equipment $1.727B $1.666B $1.424B
YoY Change 14.9% 17.04% 14.71%
Goodwill
YoY Change
Intangibles $104.3M $101.1M $79.46M
YoY Change 8.27% 27.2% 120.79%
Long-Term Investments
YoY Change
Other Assets $59.31M $57.13M $48.90M
YoY Change 10.04% 16.84% 25.06%
Total Long-Term Assets $1.894B $1.828B $1.553B
YoY Change 14.44% 17.7% 17.92%
TOTAL ASSETS
Total Short-Term Assets $9.239M $9.705M $20.20M
Total Long-Term Assets $1.894B $1.828B $1.553B
Total Assets $1.903B $1.838B $1.574B
YoY Change 14.08% 16.81% 16.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $550.0K $328.0K $400.0K
YoY Change 37.5% -18.0% 0.0%
Accrued Expenses $10.52M $14.39M $13.60M
YoY Change 6.22% 5.78% 9.68%
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 $49.03M $49.95M $46.00M
YoY Change 5.9% 8.59% 11.38%
LONG-TERM LIABILITIES
Long-Term Debt $877.6M $894.2M $743.3M
YoY Change 16.41% 20.3% 20.39%
Other Long-Term Liabilities $12.47M $16.95M $26.20M
YoY Change -47.18% -35.3% 149.52%
Total Long-Term Liabilities $890.1M $911.1M $769.5M
YoY Change 14.48% 18.4% 22.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $49.03M $49.95M $46.00M
Total Long-Term Liabilities $890.1M $911.1M $769.5M
Total Liabilities $939.1M $961.1M $815.5M
YoY Change 14.01% 17.85% 21.85%
SHAREHOLDERS EQUITY
Retained Earnings $12.75M $15.71M $30.48M
YoY Change -52.19% -48.46% -25.32%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $961.7M $874.8M $754.2M
YoY Change
Total Liabilities & Shareholders Equity $1.903B $1.838B $1.574B
YoY Change 14.08% 16.81% 16.76%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $23.70M $21.16M $19.35M
YoY Change 16.71% 9.38% 5.55%
Depreciation, Depletion And Amortization $9.371M $8.831M $7.600M
YoY Change 21.7% 16.2% 15.15%
Cash From Operating Activities $28.37M $35.17M $28.70M
YoY Change 8.69% 22.54% 5.13%
INVESTING ACTIVITIES
Capital Expenditures -$73.28M -$110.8M -$51.50M
YoY Change -31.51% 115.15% 212.12%
Acquisitions
YoY Change
Other Investing Activities $277.0K $426.0K $100.0K
YoY Change -30.75% 326.0% -120.0%
Cash From Investing Activities -$73.01M -$110.4M -$51.40M
YoY Change -31.58% 114.74% 202.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 43.13M 55.92M 35.40M
YoY Change -41.64% 57.97% -279.7%
NET CHANGE
Cash From Operating Activities 28.37M 35.17M 28.70M
Cash From Investing Activities -73.01M -110.4M -51.40M
Cash From Financing Activities 43.13M 55.92M 35.40M
Net Change In Cash -1.509M -19.29M 12.70M
YoY Change -77.48% -251.87% -235.11%
FREE CASH FLOW
Cash From Operating Activities $28.37M $35.17M $28.70M
Capital Expenditures -$73.28M -$110.8M -$51.50M
Free Cash Flow $101.7M $146.0M $80.20M
YoY Change -23.63% 82.01% 83.11%

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CY2021Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
24296000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
20765000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
73677000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
31896000 USD
CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
44000 USD
CY2020Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
55000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
129000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
180000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
6000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
4000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
24000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-92000 USD
CY2021Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
50000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
59000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
153000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
88000 USD
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
24246000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
20706000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
73524000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
31808000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
849323000 USD
CY2021Q3 us-gaap Profit Loss
ProfitLoss
21208000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3088000 USD
CY2021Q3 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
0 USD
CY2021Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
27140000 USD
CY2021Q3 us-gaap Dividends Common Stock
DividendsCommonStock
24544000 USD
CY2021Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
838000 USD
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
877053000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
844501000 USD
us-gaap Profit Loss
ProfitLoss
62010000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
11667000 USD
us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
0 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
31799000 USD
us-gaap Dividends Common Stock
DividendsCommonStock
72982000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
58000 USD
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
877053000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
697432000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
19404000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1361000 USD
CY2020Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
61311000 USD
CY2020Q3 us-gaap Dividends Common Stock
DividendsCommonStock
22225000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
868000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
758151000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
726741000 USD
us-gaap Profit Loss
ProfitLoss
57260000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-25364000 USD
us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
813000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
65599000 USD
us-gaap Dividends Common Stock
DividendsCommonStock
65201000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-71000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
758151000 USD
us-gaap Profit Loss
ProfitLoss
62010000 USD
us-gaap Profit Loss
ProfitLoss
57260000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
25455000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
21670000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
431000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 USD
fcpt Non Cash Revenue Adjustments
NonCashRevenueAdjustments
1590000 USD
fcpt Non Cash Revenue Adjustments
NonCashRevenueAdjustments
799000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1901000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1589000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3092000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2496000 USD
us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
-2283000 USD
us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
8049000 USD
fcpt Increase Decrease In Straight Line Rent Adjustment
IncreaseDecreaseInStraightLineRentAdjustment
5775000 USD
fcpt Increase Decrease In Straight Line Rent Adjustment
IncreaseDecreaseInStraightLineRentAdjustment
6519000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1197000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-628000 USD
fcpt Lessor Payments Of Lease Incentives To Tenants
LessorPaymentsOfLeaseIncentivesToTenants
815000 USD
fcpt Lessor Payments Of Lease Incentives To Tenants
LessorPaymentsOfLeaseIncentivesToTenants
4167000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-5934000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-945000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
94047000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
65396000 USD
us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
195105000 USD
us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
123466000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
3343000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
0 USD
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
148000 USD
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
-1060000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-191910000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-122406000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
31799000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
65599000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
100000000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
125000000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
4625000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1194000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
148500000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
158500000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
105500000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
210500000 USD
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
72395000 USD
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
64166000 USD
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
137000 USD
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
197000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
813000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3034000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2567000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
94608000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
69662000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3255000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
12652000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11064000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5083000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7809000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17735000 USD
us-gaap Interest Paid Net
InterestPaidNet
12292000 USD
us-gaap Interest Paid Net
InterestPaidNet
13861000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
291000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
532000 USD
us-gaap Proceeds From Lease Payments
ProceedsFromLeasePayments
120462000 USD
us-gaap Proceeds From Lease Payments
ProceedsFromLeasePayments
104212000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
659000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
490000 USD
CY2021Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
24508000 USD
CY2020Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
22163000 USD
us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
9384000 USD
us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
-17315000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
693000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:6pt;margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:138%">Use of Estimates</span></div><div style="margin-bottom:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">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
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0 USD
fcpt Assets Held For Sale Disposal Period
AssetsHeldForSaleDisposalPeriod
P1Y
CY2021Q3 fcpt Number Of Properties Held For Sale
NumberOfPropertiesHeldForSale
0 property
CY2020Q4 fcpt Number Of Properties Held For Sale
NumberOfPropertiesHeldForSale
2 property
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
431000 USD
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7809000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
11064000 USD
CY2021Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7809000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11064000 USD
us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
<div style="margin-bottom:6pt;margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:138%">Derivative Instruments and Hedging Activities</span></div><div style="margin-bottom:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">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="margin-bottom:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">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 USD
CY2020Q2 fcpt Lessor Rental Revenue With Rent Abatements Under Lease Amendments
LessorRentalRevenueWithRentAbatementsUnderLeaseAmendments
1600000 USD
CY2020Q4 fcpt Lessor Rental Revenue With Rent Abatements Under Lease Amendments
LessorRentalRevenueWithRentAbatementsUnderLeaseAmendments
0 USD
fcpt Lessor Rental Revenue With Rent Abatements Under Lease Amendments
LessorRentalRevenueWithRentAbatementsUnderLeaseAmendments
0 USD
us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<div style="margin-bottom:6pt;margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:138%">Revenue Recognition</span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:138%">Rental Revenue</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">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="margin-bottom:6pt;margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">In certain circumstances, the Company may offer tenant allowance funds in exchange for increasing rent, extending the term, and including annual sales reporting among other items. These tenant allowance funds are classified as lease incentives upon payment and are amortized as a reduction to revenue over the lease term. Lease incentives are included in intangible lease assets, net, on our Consolidated Balance Sheets. During the year ended December 31, 2020, the Company paid lease incentives of $4.2 million to tenants. During the nine months ended September 30, 2021, the Company paid tenants $815 thousand for </span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">tenant improvements which qualified as lease incentives under U.S. GAAP as the Company was determined not to be the accounting owner of the improvements. </span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">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 able to recover substantially all of the receivable, we derecognize the deferred rent receivable asset and record that revenue 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="margin-bottom:6pt;margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">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. Costs paid by the lessor and reimbursed by the lessees are included in variable lease payments and presented on a gross basis within 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="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:138%">Restaurant Revenue</span></div>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.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.
CY2020 fcpt Lessor Payments Of Lease Incentives To Tenants
LessorPaymentsOfLeaseIncentivesToTenants
4200000 USD
fcpt Lessor Payments Of Lease Incentives To Tenants
LessorPaymentsOfLeaseIncentivesToTenants
815000 USD
CY2021Q3 us-gaap Credit Card Receivables
CreditCardReceivables
80000 USD
CY2020Q4 us-gaap Credit Card Receivables
CreditCardReceivables
68000 USD
CY2021Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
2 property
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
431000 USD
CY2021Q3 fcpt Redeemable Noncontrolling Interest Shares Convertible Conversion Ratio
RedeemableNoncontrollingInterestSharesConvertibleConversionRatio
1
CY2021Q3 us-gaap Land And Land Improvements
LandAndLandImprovements
926628000 USD
CY2020Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
827502000 USD
CY2021Q3 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1274952000 USD
CY2020Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1192722000 USD
CY2021Q3 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
135683000 USD
CY2020Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
134919000 USD
CY2021Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2337263000 USD
CY2020Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2155143000 USD
CY2021Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
675827000 USD
CY2020Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
657621000 USD
CY2021Q3 us-gaap Real Estate Investments
RealEstateInvestments
1661436000 USD
CY2020Q4 us-gaap Real Estate Investments
RealEstateInvestments
1497522000 USD
CY2021Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
101072000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
470000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
96291000 USD
CY2021Q3 fcpt Real Estate Investment Property And Intangible Asset Net
RealEstateInvestmentPropertyAndIntangibleAssetNet
1762508000 USD
CY2020Q4 fcpt Real Estate Investment Property And Intangible Asset Net
RealEstateInvestmentPropertyAndIntangibleAssetNet
1593813000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
195100000 USD
CY2021Q3 us-gaap Number Of Restaurants
NumberOfRestaurants
89 property
CY2021Q3 fcpt Real Estate Investments Number Of States With Properties
RealEstateInvestmentsNumberOfStatesWithProperties
25 state
us-gaap Payments To Acquire Land
PaymentsToAcquireLand
97900000 USD
fcpt Payments To Acquire Buildings And Improvements
PaymentsToAcquireBuildingsAndImprovements
82400000 USD
us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
900000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
13900000 USD
fcpt Real Estate Investments Contingent Consideration
RealEstateInvestmentsContingentConsideration
0 USD
CY2021Q3 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P9Y3M18D
CY2021Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
2 property
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
431000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
121400000 USD
CY2020Q3 us-gaap Number Of Restaurants
NumberOfRestaurants
52 property
CY2020Q3 fcpt Real Estate Investments Number Of States With Properties
RealEstateInvestmentsNumberOfStatesWithProperties
20 state
us-gaap Payments To Acquire Land
PaymentsToAcquireLand
65600000 USD
fcpt Payments To Acquire Buildings And Improvements
PaymentsToAcquireBuildingsAndImprovements
29500000 USD
CY2021Q3 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
2978000 USD
CY2020Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
2978000 USD
CY2021Q3 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
935000 USD
CY2020Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
613000 USD
CY2021Q3 us-gaap Below Market Lease Net
BelowMarketLeaseNet
2043000 USD
CY2020Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
2365000 USD
CY2021Q3 fcpt Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
5381000 USD
fcpt Intangible Lease Assets And Liabilities Weighted Average Amortization Period
IntangibleLeaseAssetsAndLiabilitiesWeightedAverageAmortizationPeriod
P9Y
fcpt Above Market Leases Amortization Period
AboveMarketLeasesAmortizationPeriod
P7Y7M6D
fcpt Below Market Leases Amortization Period
BelowMarketLeasesAmortizationPeriod
P9Y6M
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
3080000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
11955000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
10049000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
8647000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
7133000 USD
CY2021Q3 fcpt Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
27568000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
68432000 USD
fcpt Number Of Ground Leases
NumberOfGroundLeases
2 groundLease
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
172000 USD
us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
100000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
25900000 USD
fcpt Real Estate Investments Contingent Consideration
RealEstateInvestmentsContingentConsideration
0 USD
CY2020Q3 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P7Y6M
CY2021Q3 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
24383000 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
25607000 USD
CY2021Q3 us-gaap Incentive To Lessee
IncentiveToLessee
6661000 USD
CY2020Q4 us-gaap Incentive To Lessee
IncentiveToLessee
5846000 USD
us-gaap Lease Cost
LeaseCost
87000 USD
CY2020 us-gaap Lease Cost
LeaseCost
0 USD
CY2021Q3 fcpt Intangible Assets And Finance Lease Right Of Use Asset Before Accumulated Amortization
IntangibleAssetsAndFinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
122700000 USD
CY2020Q4 fcpt Intangible Assets And Finance Lease Right Of Use Asset Before Accumulated Amortization
IntangibleAssetsAndFinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
109122000 USD
CY2021Q3 fcpt Intangible Assets And Finance Lease Right Of Use Asset Accumulated Amortization
IntangibleAssetsAndFinanceLeaseRightOfUseAssetAccumulatedAmortization
21628000 USD
CY2020Q4 fcpt Intangible Assets And Finance Lease Right Of Use Asset Accumulated Amortization
IntangibleAssetsAndFinanceLeaseRightOfUseAssetAccumulatedAmortization
12831000 USD
CY2021Q3 fcpt Intangible Assets And Finance Lease Right Of Use Asset After Accumulated Amortization
IntangibleAssetsAndFinanceLeaseRightOfUseAssetAfterAccumulatedAmortization
101072000 USD
CY2020Q4 fcpt Intangible Assets And Finance Lease Right Of Use Asset After Accumulated Amortization
IntangibleAssetsAndFinanceLeaseRightOfUseAssetAfterAccumulatedAmortization
96291000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
705000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
718000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
8139000 USD
CY2021Q3 us-gaap Number Of Interest Rate Derivatives Held
NumberOfInterestRateDerivativesHeld
4 derivativeInstrument
CY2021Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
46 state
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2408000 USD
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
5731000 USD
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0413
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P16Y7M6D
CY2021Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
218000 USD
CY2020Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
222000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
667000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
542000 USD
CY2021Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
42623000 USD
CY2020Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
38271000 USD
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
124599000 USD
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
112899000 USD
CY2021Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
1050000 USD
CY2020Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
600000 USD
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
2751000 USD
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
1732000 USD
CY2021Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
43673000 USD
CY2020Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
38871000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
127350000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
114631000 USD
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
42514000 USD
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
171134000 USD
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
171410000 USD
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
171073000 USD
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
169685000 USD
CY2021Q3 fcpt Lessor Operating Lease Payments To Be Received After Four Years
LessorOperatingLeasePaymentsToBeReceivedAfterFourYears
1056667000 USD
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1782483000 USD
CY2021Q3 us-gaap Other Assets
OtherAssets
11210000 USD
CY2021Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
8800000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6100000 USD
CY2021Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
468000 USD
CY2020Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
543000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1900000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1600000 USD
CY2021Q1 fcpt Derivative Termination Amortization Period
DerivativeTerminationAmortizationPeriod
P10Y
us-gaap Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred
DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred
-6900000 USD
CY2021Q3 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
8600000 USD
CY2020Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
18000000 USD
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5040000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5397000 USD
CY2021Q3 fcpt Prepaid Acquisition Expense
PrepaidAcquisitionExpense
3545000 USD
CY2020Q4 fcpt Prepaid Acquisition Expense
PrepaidAcquisitionExpense
3159000 USD
CY2021Q3 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
718000 USD
CY2020Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1134000 USD
CY2021Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
992000 USD
CY2020Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
1035000 USD
CY2021Q3 us-gaap Inventory Net
InventoryNet
186000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
183000 USD
CY2021Q3 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
729000 USD
CY2020Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
931000 USD
CY2020Q4 us-gaap Other Assets
OtherAssets
11839000 USD
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
5731000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
6058000 USD
CY2021Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
6509000 USD
CY2020Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
1597000 USD
CY2021Q3 fcpt Intangible Lease Liabilities Net
IntangibleLeaseLiabilitiesNet
2043000 USD
CY2020Q4 fcpt Intangible Lease Liabilities Net
IntangibleLeaseLiabilitiesNet
2365000 USD
CY2021Q3 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
1991000 USD
CY2020Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
2005000 USD
CY2021Q3 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
328000 USD
CY2020Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
376000 USD
CY2021Q3 fcpt Accrued Operating Expenses
AccruedOperatingExpenses
155000 USD
CY2020Q4 fcpt Accrued Operating Expenses
AccruedOperatingExpenses
223000 USD
CY2021Q3 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
3344000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
2475000 USD
CY2021Q3 us-gaap Other Liabilities
OtherLiabilities
20101000 USD
CY2020Q4 us-gaap Other Liabilities
OtherLiabilities
15099000 USD
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
97000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
67000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
231000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
192000 USD
CY2021Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2020Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2020Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
us-gaap Net Income Loss
NetIncomeLoss
61881000 USD
us-gaap Net Income Loss
NetIncomeLoss
57080000 USD
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2021Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
77245726 shares
CY2021Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
77245726 shares
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.3175
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.3175
CY2021Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.3175
CY2021Q3 us-gaap Units Of Partnership Interest Amount
UnitsOfPartnershipInterestAmount
114559 shares
CY2021Q3 fcpt Redeemable Noncontrolling Interest Shares Convertible Conversion Ratio
RedeemableNoncontrollingInterestSharesConvertibleConversionRatio
1
CY2021Q3 us-gaap Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
3100000 USD
CY2020Q4 us-gaap Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
4700000 USD
CY2021Q3 us-gaap Units Of Partnership Interest Amount
UnitsOfPartnershipInterestAmount
114559 shares
us-gaap Limited Partners Capital Account Distribution Amount
LimitedPartnersCapitalAccountDistributionAmount
137000 USD
CY2021Q3 fcpt Limited Partners Capital Account Units Redeemed
LimitedPartnersCapitalAccountUnitsRedeemed
44833 shares
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
19349000 USD
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
696994 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
76250614 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
71009154 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
76094133 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
70430037 shares
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
109912 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
221327 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
128034 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
228463 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
76360526 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
71230481 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
76222167 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
70658500 shares
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
21164000 USD
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.81
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.81
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.28
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.81
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.81
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
192151 shares
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
216773 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
174029 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
209637 shares
CY2021Q3 fcpt Weighted Average Units Of Partnership Interest Amount
WeightedAverageUnitsOfPartnershipInterestAmount
158905 shares
CY2020Q3 fcpt Weighted Average Units Of Partnership Interest Amount
WeightedAverageUnitsOfPartnershipInterestAmount
204392 shares
fcpt Weighted Average Units Of Partnership Interest Amount
WeightedAverageUnitsOfPartnershipInterestAmount
159228 shares
fcpt Weighted Average Units Of Partnership Interest Amount
WeightedAverageUnitsOfPartnershipInterestAmount
221355 shares
CY2015Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
2100000 shares
CY2021Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
5100000 USD
CY2020Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
4619000 USD
fcpt Employee Service Share Based Compensation Nonvested Awards Compensation Not Yet Recognized Share Based Awards Other Than Options Grants In Period
EmployeeServiceShareBasedCompensationNonvestedAwardsCompensationNotYetRecognizedShareBasedAwardsOtherThanOptionsGrantsInPeriod
3777000 USD
fcpt Employee Service Share Based Compensation Nonvested Awards Compensation Not Yet Recognized Share Based Awards Other Than Options Forfeited In Period
EmployeeServiceShareBasedCompensationNonvestedAwardsCompensationNotYetRecognizedShareBasedAwardsOtherThanOptionsForfeitedInPeriod
161000 USD
fcpt Employee Service Share Based Compensation Non Vested Awards Compensation Not Yet Recognized Share Based Awards Other Than Options Compensation Expense In Period
EmployeeServiceShareBasedCompensationNonVestedAwardsCompensationNotYetRecognizedShareBasedAwardsOtherThanOptionsCompensationExpenseInPeriod
3092000 USD
CY2021Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
5143000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y
CY2020Q3 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2021Q3 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2021Q3 us-gaap Lease Income
LeaseIncome
43673000 USD
CY2021Q3 us-gaap Revenues
Revenues
50706000 USD
CY2021Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4262000 USD
CY2021Q3 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
8831000 USD
CY2021Q3 us-gaap Operating Expenses
OperatingExpenses
21092000 USD
CY2021Q3 us-gaap Interest Expense
InterestExpense
8311000 USD
CY2021Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
2000 USD
us-gaap Interest Expense
InterestExpense
24328000 USD
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
97000 USD
CY2021Q3 us-gaap Profit Loss
ProfitLoss
21208000 USD
CY2020Q3 us-gaap Lease Income
LeaseIncome
38871000 USD
CY2020Q3 us-gaap Revenues
Revenues
42968000 USD
CY2020Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3741000 USD
CY2020Q3 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
7523000 USD
CY2020Q3 us-gaap Operating Expenses
OperatingExpenses
16089000 USD
CY2020Q3 us-gaap Interest Expense
InterestExpense
7410000 USD
CY2020Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
2000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
67000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
19404000 USD
us-gaap Lease Income
LeaseIncome
127350000 USD
us-gaap Revenues
Revenues
146724000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13490000 USD
us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
25455000 USD
us-gaap Operating Expenses
OperatingExpenses
60596000 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
10000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
431000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
231000 USD
us-gaap Profit Loss
ProfitLoss
62010000 USD
us-gaap Lease Income
LeaseIncome
114631000 USD
us-gaap Revenues
Revenues
126327000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
11303000 USD
us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
21670000 USD
us-gaap Operating Expenses
OperatingExpenses
47311000 USD
us-gaap Interest Expense
InterestExpense
21732000 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
168000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
192000 USD
us-gaap Profit Loss
ProfitLoss
57260000 USD
CY2021Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2337263000 USD
CY2021Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
675827000 USD
CY2021Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1661436000 USD
CY2021Q3 us-gaap Cash
Cash
7809000 USD
CY2021Q3 us-gaap Assets
Assets
1838110000 USD
CY2021Q3 us-gaap Notes Payable
NotesPayable
894154000 USD
CY2020Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2155143000 USD
CY2020Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
657621000 USD
CY2020Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1497522000 USD
CY2020Q4 us-gaap Cash
Cash
11064000 USD
CY2020Q4 us-gaap Assets
Assets
1668179000 USD
CY2020Q4 us-gaap Notes Payable
NotesPayable
753878000 USD

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fcpt-20210930.htm Edgar Link pending
fcpt-20210930.xsd Edgar Link pending
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