2021 Q4 Form 10-K Financial Statement

#000165013222000026 Filed on February 23, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2021
Revenue $52.65M $50.71M $199.4M
YoY Change 18.01% 18.01% 16.63%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $12.11M $12.26M $47.25M
YoY Change 34.58% 43.07% 36.57%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.371M $8.831M $34.83M
YoY Change 21.7% 16.2% 18.32%
% of Gross Profit
Operating Expenses $21.48M $21.09M $82.08M
YoY Change 28.19% 31.1% 28.11%
Operating Profit
YoY Change
Interest Expense -$8.227M $8.311M $32.56M
YoY Change -209.71% 12.16% 11.37%
% of Operating Profit
Other Income/Expense, Net $26.00K $2.000K $36.00K
YoY Change -82.0%
Pretax Income $22.97M $21.31M $85.21M
YoY Change 12.82% 9.42% 9.53%
Income Tax -$765.0K $97.00K -$534.0K
% Of Pretax Income -3.33% 0.46% -0.63%
Net Earnings $23.70M $21.16M $85.58M
YoY Change 16.71% 9.38% 10.67%
Net Earnings / Revenue 45.01% 41.74% 42.92%
Basic Earnings Per Share $0.28 $1.12
Diluted Earnings Per Share $301.2K $0.28 $1.11
COMMON SHARES
Basic Shares Outstanding 77.35M shares 76.25M shares 76.67M shares
Diluted Shares Outstanding 76.36M shares 76.84M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.300M $7.809M $6.300M
YoY Change -43.24% -55.88% -43.24%
Cash & Equivalents $6.300M $7.809M $6.300M
Short-Term Investments
Other Short-Term Assets $1.375M $718.0K $1.375M
YoY Change 25.0% 43.6% 25.0%
Inventory $252.0K $186.0K $252.0K
Prepaid Expenses
Receivables $1.312M $992.0K $1.312M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $9.239M $9.705M $9.239M
YoY Change -31.05% -51.96% -31.05%
LONG-TERM ASSETS
Property, Plant & Equipment $1.727B $1.666B $1.727B
YoY Change 14.9% 17.04% 14.9%
Goodwill
YoY Change
Intangibles $104.3M $101.1M
YoY Change 8.27% 27.2%
Long-Term Investments
YoY Change
Other Assets $59.31M $57.13M $59.31M
YoY Change 10.04% 16.84% 10.04%
Total Long-Term Assets $1.894B $1.828B $1.894B
YoY Change 14.44% 17.7% 14.44%
TOTAL ASSETS
Total Short-Term Assets $9.239M $9.705M $9.239M
Total Long-Term Assets $1.894B $1.828B $1.894B
Total Assets $1.903B $1.838B $1.903B
YoY Change 14.08% 16.81% 14.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $550.0K $328.0K $550.0K
YoY Change 37.5% -18.0% 37.5%
Accrued Expenses $10.52M $14.39M $10.52M
YoY Change 6.22% 5.78% 6.22%
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 $49.03M
YoY Change 5.9% 8.59% 5.9%
LONG-TERM LIABILITIES
Long-Term Debt $877.6M $894.2M $877.6M
YoY Change 16.41% 20.3% 16.41%
Other Long-Term Liabilities $12.47M $16.95M $12.47M
YoY Change -47.18% -35.3% -47.18%
Total Long-Term Liabilities $890.1M $911.1M $890.1M
YoY Change 14.48% 18.4% 14.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $49.03M $49.95M $49.03M
Total Long-Term Liabilities $890.1M $911.1M $890.1M
Total Liabilities $939.1M $961.1M $941.3M
YoY Change 14.01% 17.85% 13.86%
SHAREHOLDERS EQUITY
Retained Earnings $12.75M $15.71M
YoY Change -52.19% -48.46%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $961.7M $874.8M $961.7M
YoY Change
Total Liabilities & Shareholders Equity $1.903B $1.838B $1.903B
YoY Change 14.08% 16.81% 14.07%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2021
OPERATING ACTIVITIES
Net Income $23.70M $21.16M $85.58M
YoY Change 16.71% 9.38% 10.67%
Depreciation, Depletion And Amortization $9.371M $8.831M $34.83M
YoY Change 21.7% 16.2% 18.32%
Cash From Operating Activities $28.37M $35.17M $122.4M
YoY Change 8.69% 22.54% 33.85%
INVESTING ACTIVITIES
Capital Expenditures -$73.28M -$110.8M $268.4M
YoY Change -31.51% 115.15% 16.42%
Acquisitions
YoY Change
Other Investing Activities $277.0K $426.0K $3.472M
YoY Change -30.75% 326.0% 131.47%
Cash From Investing Activities -$73.01M -$110.4M -$264.9M
YoY Change -31.58% 114.74% 15.65%
FINANCING ACTIVITIES
Cash Dividend Paid $96.90M
YoY Change 12.25%
Common Stock Issuance & Retirement, Net $116.5M
YoY Change -23.22%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 43.13M 55.92M $137.7M
YoY Change -41.64% 57.97% -4.08%
NET CHANGE
Cash From Operating Activities 28.37M 35.17M $122.4M
Cash From Investing Activities -73.01M -110.4M -$264.9M
Cash From Financing Activities 43.13M 55.92M $137.7M
Net Change In Cash -1.509M -19.29M -$4.764M
YoY Change -77.48% -251.87% -179.65%
FREE CASH FLOW
Cash From Operating Activities $28.37M $35.17M $122.4M
Capital Expenditures -$73.28M -$110.8M $268.4M
Free Cash Flow $101.7M $146.0M -$146.0M
YoY Change -23.63% 82.01% 4.96%

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151000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
278000 USD
CY2021 us-gaap Comprehensive Income Net Of Tax
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101452000 USD
CY2020 us-gaap Comprehensive Income Net Of Tax
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55176000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax
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63121000 USD
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CY2019 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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900000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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809000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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15902000 USD
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CY2020 us-gaap Gain Loss On Sale Of Property Plant Equipment
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CY2019 us-gaap Gain Loss On Sale Of Property Plant Equipment
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CY2021 fcpt Non Cash Revenue Adjustments
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2368000 USD
CY2020 us-gaap Amortization Of Financing Costs
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2132000 USD
CY2019 us-gaap Amortization Of Financing Costs
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2050000 USD
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CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2019 us-gaap Deferred Income Tax Expense Benefit
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CY2021 us-gaap Increase Decrease In Derivative Assets
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CY2020 us-gaap Increase Decrease In Derivative Assets
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CY2019 us-gaap Increase Decrease In Derivative Assets
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CY2021 fcpt Increase Decrease In Straight Line Rent Adjustment
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7583000 USD
CY2020 fcpt Increase Decrease In Straight Line Rent Adjustment
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8588000 USD
CY2019 fcpt Increase Decrease In Straight Line Rent Adjustment
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9207000 USD
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
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CY2020 us-gaap Increase Decrease In Contract With Customer Liability
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1463000 USD
CY2019 us-gaap Increase Decrease In Contract With Customer Liability
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8854000 USD
CY2021 fcpt Lessor Payments Of Lease Incentives To Tenants
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1215000 USD
CY2020 fcpt Lessor Payments Of Lease Incentives To Tenants
LessorPaymentsOfLeaseIncentivesToTenants
4238000 USD
CY2019 fcpt Lessor Payments Of Lease Incentives To Tenants
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CY2020 us-gaap Increase Decrease In Other Operating Capital Net
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3144000 USD
CY2019 us-gaap Increase Decrease In Other Operating Capital Net
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31000 USD
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CY2020 us-gaap Net Cash Provided By Used In Operating Activities
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91458000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
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104673000 USD
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CY2019 us-gaap Payments To Acquire Property Plant And Equipment
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3343000 USD
CY2020 us-gaap Proceeds From Sale Of Productive Assets
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0 USD
CY2019 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
0 USD
CY2021 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
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CY2020 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
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CY2019 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
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2199000 USD
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CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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116506000 USD
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CY2019 us-gaap Proceeds From Issuance Of Common Stock
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47233000 USD
CY2021 us-gaap Proceeds From Issuance Of Senior Long Term Debt
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100000000 USD
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355000 USD
CY2020 us-gaap Proceeds From Issuance Of Senior Long Term Debt
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125000000 USD
CY2019 us-gaap Proceeds From Issuance Of Senior Long Term Debt
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0 USD
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4656000 USD
CY2020 us-gaap Payments Of Financing Costs
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1194000 USD
CY2019 us-gaap Payments Of Financing Costs
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CY2021 us-gaap Proceeds From Lines Of Credit
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CY2020 us-gaap Proceeds From Lines Of Credit
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CY2019 us-gaap Proceeds From Lines Of Credit
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CY2021 us-gaap Repayments Of Long Term Lines Of Credit
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CY2020 us-gaap Repayments Of Long Term Lines Of Credit
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CY2019 us-gaap Repayments Of Long Term Lines Of Credit
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CY2020 us-gaap Payments To Minority Shareholders
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248000 USD
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11064000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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5083000 USD
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0 USD
CY2020 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
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813000 USD
CY2019 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
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CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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2567000 USD
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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2702000 USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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137737000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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143596000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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14521000 USD
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-4764000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
5981000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-88159000 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
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5083000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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93242000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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6300000 USD
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22745000 USD
CY2020 us-gaap Interest Paid Net
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23227000 USD
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25948000 USD
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314000 USD
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IncomeTaxesPaidNet
597000 USD
CY2019 us-gaap Income Taxes Paid Net
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589000 USD
CY2021 us-gaap Proceeds From Lease Payments
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163376000 USD
CY2020 us-gaap Proceeds From Lease Payments
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143146000 USD
CY2019 us-gaap Proceeds From Lease Payments
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129699000 USD
CY2021 us-gaap Operating Lease Payments
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CY2020 us-gaap Operating Lease Payments
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698000 USD
CY2019 us-gaap Operating Lease Payments
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415000 USD
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26655000 USD
CY2020Q4 us-gaap Dividends Payable Current And Noncurrent
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24058000 USD
CY2019Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
21325000 USD
CY2021 us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
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13029000 USD
CY2020 us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
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-14401000 USD
CY2019 us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
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-9536000 USD
CY2021 us-gaap Use Of Estimates
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<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;margin-top:10pt;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 sales and expenses during the reporting period. The estimates and assumptions used in the accompanying Consolidated Financial Statements are based on management’s evaluation of the relevant facts and circumstances. Actual results may differ from the estimates and assumptions used in preparing the accompanying Consolidated Financial Statements, and such differences could be material.</span></div>
CY2020 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
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0 USD
CY2019 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0 USD
CY2021 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0 USD
CY2021Q4 fcpt Number Of Properties Held For Sale
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0 USD
CY2020Q4 fcpt Number Of Properties Held For Sale
NumberOfPropertiesHeldForSale
2 property
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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6300000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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11064000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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5083000 USD
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
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0 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
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0 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6300000 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
CY2021 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 Sheets or to specific forecasted transactions. We also formally assess, both at the hedge’s inception and on an ongoing basis, whether the derivatives used in hedging transactions are highly effective in offsetting changes in cash flows of hedged items. </span></div><div style="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 GAAP, changes in the derivatives’ fair value are not included in current earnings but are included in accumulated other comprehensive income (loss), net of tax. These changes in fair value will be reclassified into earnings at the time of the forecasted transaction. Ineffectiveness measured in the hedging relationship is recorded in earnings in the period in which it occurs.</span></div>
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2978000 USD
CY2020Q4 us-gaap Below Market Lease Gross
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2978000 USD
CY2021Q4 us-gaap Below Market Lease Accumulated Amortization
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1038000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
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176331000 USD
CY2020Q2 fcpt Rent Deferrals Agreed Amount Of Contractual Base Rent
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1000000 USD
CY2020Q2 fcpt Lessor Rental Revenue With Rent Abatements Under Lease Amendments
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1600000 USD
CY2021 fcpt Lessor Payments Of Lease Incentives To Tenants
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1200000 USD
CY2021Q4 fcpt Redeemable Noncontrolling Interest Equity Redemption Ratio
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1
CY2021Q4 us-gaap Number Of Restaurants
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311 restaurant
CY2021Q4 us-gaap Number Of States In Which Entity Operates
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46 state
CY2021Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
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4900000 USD
CY2021Q4 us-gaap Derivative Asset Fair Value Gross Liability And Obligation To Return Cash Offset
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4900000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
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104251000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
96291000 USD
CY2021Q4 fcpt Real Estate Investment Property And Intangible Asset Net
RealEstateInvestmentPropertyAndIntangibleAssetNet
1826226000 USD
CY2020Q4 fcpt Real Estate Investment Property And Intangible Asset Net
RealEstateInvestmentPropertyAndIntangibleAssetNet
1593813000 USD
CY2021 fcpt Real Estate Investments Contingent Consideration
RealEstateInvestmentsContingentConsideration
0 USD
CY2021Q4 us-gaap Number Of Real Estate Properties
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2 property
CY2021 us-gaap Gains Losses On Sales Of Investment Real Estate
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431000 USD
CY2021 fcpt Real Estate Investments Contingent Consideration
RealEstateInvestmentsContingentConsideration
0 USD
CY2021Q4 us-gaap Number Of Properties Subject To Ground Leases
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3 property
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
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24383000 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
25607000 USD
CY2021Q4 fcpt Intangible Assets Gross Excluding Goodwill And Finance Lease Right Of Use Asset
IntangibleAssetsGrossExcludingGoodwillAndFinanceLeaseRightOfUseAsset
129244000 USD
CY2020Q4 fcpt Intangible Assets Gross Excluding Goodwill And Finance Lease Right Of Use Asset
IntangibleAssetsGrossExcludingGoodwillAndFinanceLeaseRightOfUseAsset
109122000 USD
CY2021Q4 fcpt Finite Lived Intangible Assets And Finance Lease Right Of Use Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAndFinanceLeaseRightOfUseAssetsAccumulatedAmortization
24993000 USD
CY2020Q4 fcpt Finite Lived Intangible Assets And Finance Lease Right Of Use Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAndFinanceLeaseRightOfUseAssetsAccumulatedAmortization
12831000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
104251000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
96291000 USD
CY2020Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
613000 USD
CY2021Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
1940000 USD
CY2020Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
2365000 USD
CY2021 fcpt Intangible Lease Assets And Liabilities Weighted Average Amortization Period
IntangibleLeaseAssetsAndLiabilitiesWeightedAverageAmortizationPeriod
P8Y10M24D
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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12912000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
11007000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
9530000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
7890000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
6921000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
23190000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
71450000 USD
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
330000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
247000 USD
CY2020Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
931000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
693000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
705000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
718000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
470000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
310000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
5072000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
7968000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2351000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
5617000 USD
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0415
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P16Y6M
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
885000 USD
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
765000 USD
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
663000 USD
CY2021 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
169005000 USD
CY2020 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
152393000 USD
CY2019 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
138746000 USD
CY2021 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
3807000 USD
CY2020 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
2328000 USD
CY2019 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
936000 USD
CY2021 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
172812000 USD
CY2020 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
154721000 USD
CY2019 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
139682000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
175864000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
175929000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
174304000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
173641000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
906537000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1782606000 USD
CY2021 fcpt Lessee Finance Lease Option To Extend Term Number Of Leases Excluded From Option
LesseeFinanceLeaseOptionToExtendTermNumberOfLeasesExcludedFromOption
2 groundLease
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
8400000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6100000 USD
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2400000 USD
CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2100000 USD
CY2019 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2000000 USD
CY2021Q1 fcpt Derivative Termination Amortization Period
DerivativeTerminationAmortizationPeriod
P10Y
CY2021Q4 fcpt Derivative Termination Amortization Period
DerivativeTerminationAmortizationPeriod
P10Y
CY2021Q4 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
-5500000 USD
CY2021 us-gaap Interest Expense
InterestExpense
32555000 USD
CY2020 us-gaap Interest Expense
InterestExpense
29231000 USD
CY2019 us-gaap Interest Expense
InterestExpense
26516000 USD
CY2021Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
4900000 USD
CY2021Q4 us-gaap Derivative Asset Fair Value Gross Liability And Obligation To Return Cash Offset
DerivativeAssetFairValueGrossLiabilityAndObligationToReturnCashOffset
4900000 USD
CY2020Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
18000000 USD
CY2021Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
4900000 USD
CY2021Q4 us-gaap Derivative Asset Fair Value Gross Liability And Obligation To Return Cash Offset
DerivativeAssetFairValueGrossLiabilityAndObligationToReturnCashOffset
4900000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021Q4 fcpt Prepaid Acquisition Expense And Deposits
PrepaidAcquisitionExpenseAndDeposits
3049000 USD
CY2020Q4 fcpt Prepaid Acquisition Expense And Deposits
PrepaidAcquisitionExpenseAndDeposits
3159000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4919000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5397000 USD
CY2021Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1375000 USD
CY2020Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1134000 USD
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
1312000 USD
CY2020Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
1035000 USD
CY2021Q4 us-gaap Inventory Net
InventoryNet
252000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
183000 USD
CY2021Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
695000 USD
CY2021Q4 us-gaap Other Assets
OtherAssets
11602000 USD
CY2020Q4 us-gaap Other Assets
OtherAssets
11839000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
5617000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
6058000 USD
CY2021Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
2547000 USD
CY2020Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
2005000 USD
CY2021Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
2066000 USD
CY2020Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
1597000 USD
CY2021Q4 fcpt Intangible Lease Liabilities Net
IntangibleLeaseLiabilitiesNet
1940000 USD
CY2020Q4 fcpt Intangible Lease Liabilities Net
IntangibleLeaseLiabilitiesNet
2365000 USD
CY2021Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
550000 USD
CY2020Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
376000 USD
CY2021Q4 fcpt Accrued Operating Expenses
AccruedOperatingExpenses
286000 USD
CY2020Q4 fcpt Accrued Operating Expenses
AccruedOperatingExpenses
223000 USD
CY2021Q4 us-gaap Other Sundry Liabilities
OtherSundryLiabilities
3008000 USD
CY2020Q4 us-gaap Other Sundry Liabilities
OtherSundryLiabilities
2475000 USD
CY2021Q4 us-gaap Other Liabilities
OtherLiabilities
16014000 USD
CY2020Q4 us-gaap Other Liabilities
OtherLiabilities
15099000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-3000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
3000 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
330000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
250000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
262000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
265000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-864000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 USD
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2021 fcpt Deferred Income Tax Expense Benefit Including Other
DeferredIncomeTaxExpenseBenefitIncludingOther
-864000 USD
CY2020 fcpt Deferred Income Tax Expense Benefit Including Other
DeferredIncomeTaxExpenseBenefitIncludingOther
0 USD
CY2019 fcpt Deferred Income Tax Expense Benefit Including Other
DeferredIncomeTaxExpenseBenefitIncludingOther
0 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-534000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
247000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
265000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 fcpt Effective Income Tax Rate Reconciliation Real Estate Investment Trust Election Percent
EffectiveIncomeTaxRateReconciliationRealEstateInvestmentTrustElectionPercent
-0.208
CY2020 fcpt Effective Income Tax Rate Reconciliation Real Estate Investment Trust Election Percent
EffectiveIncomeTaxRateReconciliationRealEstateInvestmentTrustElectionPercent
-0.212
CY2019 fcpt Effective Income Tax Rate Reconciliation Real Estate Investment Trust Election Percent
EffectiveIncomeTaxRateReconciliationRealEstateInvestmentTrustElectionPercent
-0.210
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.003
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.003
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.008
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.010
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.002
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.005
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.003
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.008
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
34000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
32000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
40000 USD
CY2021Q4 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
1032000 USD
CY2020Q4 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
816000 USD
CY2019Q4 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
636000 USD
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
133000 USD
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
145000 USD
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
0 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
138000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
133000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
139000 USD
CY2021Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
14000 USD
CY2020Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
12000 USD
CY2019Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
13000 USD
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1351000 USD
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1138000 USD
CY2019Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
828000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
34000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
28000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
25000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
0 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
0 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
0 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
453000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
285000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
275000 USD
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
487000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
313000 USD
CY2019Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
300000 USD
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
825000 USD
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
528000 USD
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
864000 USD
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 USD
CY2019Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 USD
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2020Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q4 fcpt Common Stock Vote Per Share
CommonStockVotePerShare
1 vote
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
CY2021Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.3325
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
80279217 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
80279217 shares
CY2021Q4 us-gaap Units Of Partnership Interest Amount
UnitsOfPartnershipInterestAmount
114559 shares
CY2021Q4 fcpt Redeemable Noncontrolling Interest Shares Convertible Conversion Ratio
RedeemableNoncontrollingInterestSharesConvertibleConversionRatio
1
CY2021Q4 us-gaap Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
3400000 USD
CY2020Q4 us-gaap Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
4700000 USD
CY2019Q4 us-gaap Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
7900000 USD
CY2021Q4 us-gaap Units Of Partnership Interest Amount
UnitsOfPartnershipInterestAmount
114559 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
76674046 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
71312326 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
68430841 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
164523 shares
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
296742 shares
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
201169 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
76838569 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
71609068 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
68632010 shares
CY2021 us-gaap Net Income Loss
NetIncomeLoss
85581000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
77332000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
72616000 USD
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.12
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.08
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.06
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.11
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.08
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.06
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
178139 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
154915 shares
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
324246 shares
CY2021 fcpt Weighted Average Unitsof Partnership Interest Amount
WeightedAverageUnitsofPartnershipInterestAmount
147969 shares
CY2020 fcpt Weighted Average Unitsof Partnership Interest Amount
WeightedAverageUnitsofPartnershipInterestAmount
214905 shares
CY2019 fcpt Weighted Average Unitsof Partnership Interest Amount
WeightedAverageUnitsofPartnershipInterestAmount
289392 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
2100000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
694822 shares
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
4200000 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
CY2021 fcpt Employee Service Share Based Compensation Nonvested Awards Compensation Not Yet Recognized Share Based Awards Other Than Options Grants In Period
EmployeeServiceShareBasedCompensationNonvestedAwardsCompensationNotYetRecognizedShareBasedAwardsOtherThanOptionsGrantsInPeriod
3777000 USD
CY2021 fcpt Employee Service Share Based Compensation Nonvested Awards Compensation Not Yet Recognized Share Based Awards Other Than Options Forfeited In Period
EmployeeServiceShareBasedCompensationNonvestedAwardsCompensationNotYetRecognizedShareBasedAwardsOtherThanOptionsForfeitedInPeriod
238000 USD
CY2021 fcpt Employee Service Share Based Compensation Nonvested Awards Compensation Not Yet Recognized Share Based Awards Other Than Options Compensation Expense In Period
EmployeeServiceShareBasedCompensationNonvestedAwardsCompensationNotYetRecognizedShareBasedAwardsOtherThanOptionsCompensationExpenseInPeriod
3948000 USD
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
4210000 USD
CY2021 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y
CY2021Q4 us-gaap Cash
Cash
6300000 USD
CY2019 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2020 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2021 us-gaap Lease Income
LeaseIncome
172812000 USD
CY2021 us-gaap Revenues
Revenues
199378000 USD
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
17650000 USD
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
34826000 USD
CY2021 us-gaap Operating Expenses
OperatingExpenses
82079000 USD
CY2021 us-gaap Interest Expense
InterestExpense
32555000 USD
CY2021 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
36000 USD
CY2021 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
431000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-534000 USD
CY2021 us-gaap Profit Loss
ProfitLoss
85745000 USD
CY2020 us-gaap Lease Income
LeaseIncome
154721000 USD
CY2020 us-gaap Revenues
Revenues
170944000 USD
CY2020 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
15046000 USD
CY2020 us-gaap Depreciation And Amortization
DepreciationAndAmortization
29433000 USD
CY2020 us-gaap Operating Expenses
OperatingExpenses
64069000 USD
CY2020 us-gaap Interest Expense
InterestExpense
29231000 USD
CY2020 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
170000 USD
CY2020 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
0 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
247000 USD
CY2020 us-gaap Profit Loss
ProfitLoss
77567000 USD
CY2019 us-gaap Lease Income
LeaseIncome
139682000 USD
CY2019 us-gaap Revenues
Revenues
160233000 USD
CY2019 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13934000 USD
CY2019 us-gaap Depreciation And Amortization
DepreciationAndAmortization
26312000 USD
CY2019 us-gaap Operating Expenses
OperatingExpenses
61457000 USD
CY2019 us-gaap Interest Expense
InterestExpense
26516000 USD
CY2019 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
944000 USD
CY2019 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
0 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
265000 USD
CY2019 us-gaap Profit Loss
ProfitLoss
72939000 USD
CY2021Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2404405000 USD
CY2021Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
682430000 USD
CY2021Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1721975000 USD
CY2021Q4 us-gaap Assets
Assets
1902980000 USD
CY2021Q4 us-gaap Notes Payable
NotesPayable
877591000 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
CY2021Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
941240000 USD
CY2021Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
1056920000 USD
CY2021Q4 fcpt Sec Schedule Iii Real Estateand Accumulated Depreciation Initial Costof Equipment
SECScheduleIIIRealEstateandAccumulatedDepreciationInitialCostofEquipment
48042000 USD
CY2021Q4 us-gaap Sec Schedule Iii Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Land
SECScheduleIIIRealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionLand
25325000 USD
CY2021Q4 us-gaap Sec Schedule Iii Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Buildings And Improvements
SECScheduleIIIRealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionBuildingsAndImprovements
245194000 USD
CY2021Q4 fcpt Sec Schedule Iii Real Estateand Accumulated Depreciation Costs Capitalized Subsequentto Acquisition Equipment
SECScheduleIIIRealEstateandAccumulatedDepreciationCostsCapitalizedSubsequenttoAcquisitionEquipment
87684000 USD
CY2021Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
966565000 USD
CY2021Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
1302114000 USD
CY2021Q4 fcpt Sec Schedule Iii Real Estateand Accumulated Depreciation Carrying Amountof Equipment
SECScheduleIIIRealEstateandAccumulatedDepreciationCarryingAmountofEquipment
135726000 USD
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
2404405000 USD
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
682430000 USD
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
2155143000 USD
CY2019Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
1967734000 USD
CY2021 us-gaap Real Estate Other Additions
RealEstateOtherAdditions
249536000 USD
CY2020 us-gaap Real Estate Other Additions
RealEstateOtherAdditions
191204000 USD
CY2021 fcpt Sec Schedule1228 Real Estate Companies Investment In Real Estate Held For Sale
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateHeldForSale
0 USD
CY2020 fcpt Sec Schedule1228 Real Estate Companies Investment In Real Estate Held For Sale
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateHeldForSale
3070000 USD
CY2021 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
274000 USD
CY2020 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
725000 USD
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
2404405000 USD
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
2155143000 USD
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
657621000 USD
CY2019Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
635630000 USD
CY2021 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
25083000 USD
CY2020 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
23019000 USD
CY2021 fcpt Sec Schedule1228 Real Estate Companies Investment In Real Estate Accumulated Depreciation Investment In Real Estate Held For Sale
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateAccumulatedDepreciationInvestmentInRealEstateHeldForSale
0 USD
CY2020 fcpt Sec Schedule1228 Real Estate Companies Investment In Real Estate Accumulated Depreciation Investment In Real Estate Held For Sale
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateAccumulatedDepreciationInvestmentInRealEstateHeldForSale
307000 USD
CY2021 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
274000 USD
CY2020 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
721000 USD
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
682430000 USD

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