$FR
FIRST INDUSTRIAL REALTY TRUST INC

2023 Q3 Form 10-Q Financial Statement

#000092182523000046 Filed on July 21, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $155.1M $152.2M
YoY Change 10.99% 17.05%
Cost Of Revenue $42.60M $39.76M
YoY Change 19.08% 14.05%
Gross Profit $112.5M $112.5M
YoY Change 8.2% 18.15%
Gross Profit Margin 72.53% 73.88%
Selling, General & Admin $8.500M $9.520M
YoY Change 3.32% 15.41%
% of Gross Profit 7.56% 8.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $38.20M $38.07M
YoY Change -0.34% 13.18%
% of Gross Profit 33.96% 33.85%
Operating Expenses $49.50M $50.11M
YoY Change 6.32% 12.06%
Operating Profit $63.00M $62.36M
YoY Change 9.72% 23.55%
Interest Expense -$19.90M -$18.72M
YoY Change 39.94% -117.47%
% of Operating Profit -31.59% -30.01%
Other Income/Expense, Net $13.56M -$5.750M
YoY Change -80.64% -46.79%
Pretax Income $75.94M $56.69M
YoY Change -40.26% 42.94%
Income Tax $333.0K $459.0K
% Of Pretax Income 0.44% 0.81%
Net Earnings $75.01M $54.58M
YoY Change -39.45% -53.34%
Net Earnings / Revenue 48.36% 35.86%
Basic Earnings Per Share $0.57 $0.41
Diluted Earnings Per Share $0.57 $0.41
COMMON SHARES
Basic Shares Outstanding 132.3M shares 132.2M shares
Diluted Shares Outstanding 132.3M shares 132.3M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $54.30M $68.10M
YoY Change -63.13% -49.64%
Cash & Equivalents $54.25M $68.10M
Short-Term Investments
Other Short-Term Assets $231.8M $224.9M
YoY Change 10.59% 22.11%
Inventory $72.00K
Prepaid Expenses
Receivables $6.500M $6.643M
Other Receivables $138.8M $133.9M
Total Short-Term Assets $431.4M $433.7M
YoY Change -9.44% 0.13%
LONG-TERM ASSETS
Property, Plant & Equipment $4.678B $4.618B
YoY Change 7.58% 10.03%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $41.90M $37.37M
YoY Change 343.29% 344.14%
Other Assets $0.00 $0.00
YoY Change -100.0%
Total Long-Term Assets $4.720B $4.656B
YoY Change 7.57% 10.06%
TOTAL ASSETS
Total Short-Term Assets $431.4M $433.7M
Total Long-Term Assets $4.720B $4.656B
Total Assets $5.152B $5.089B
YoY Change 5.91% 9.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $177.3M $174.6M
YoY Change -18.05% -16.87%
Accrued Expenses $22.00M $22.20M
YoY Change -0.05% -0.36%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $243.6M $241.1M
YoY Change -12.74% -11.58%
LONG-TERM LIABILITIES
Long-Term Debt $2.200B $2.182B
YoY Change 11.1% 14.45%
Other Long-Term Liabilities $101.5M $104.2M
YoY Change -14.56% -7.11%
Total Long-Term Liabilities $2.301B $2.286B
YoY Change 9.65% 13.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $243.6M $241.1M
Total Long-Term Liabilities $2.301B $2.286B
Total Liabilities $2.545B $2.598B
YoY Change 7.02% 13.38%
SHAREHOLDERS EQUITY
Retained Earnings $80.86M $48.22M
YoY Change
Common Stock $1.323M $1.323M
YoY Change 0.15% 0.15%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.535B $2.491B
YoY Change
Total Liabilities & Shareholders Equity $5.152B $5.089B
YoY Change 5.91% 9.14%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $75.01M $54.58M
YoY Change -39.45% -53.34%
Depreciation, Depletion And Amortization $38.20M $38.07M
YoY Change -0.34% 13.18%
Cash From Operating Activities $84.30M $85.79M
YoY Change -3.25% -56.89%
INVESTING ACTIVITIES
Capital Expenditures $112.3M $161.8M
YoY Change -150.35% -169.01%
Acquisitions
YoY Change
Other Investing Activities $40.60M $14.81M
YoY Change -66.02% -49.87%
Cash From Investing Activities -$71.80M -$147.0M
YoY Change -30.66% -28.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -26.40M 57.59M
YoY Change -179.95% -40.32%
NET CHANGE
Cash From Operating Activities 84.30M 85.79M
Cash From Investing Activities -71.80M -147.0M
Cash From Financing Activities -26.40M 57.59M
Net Change In Cash -13.90M -3.601M
YoY Change -183.72% -103.98%
FREE CASH FLOW
Cash From Operating Activities $84.30M $85.79M
Capital Expenditures $112.3M $161.8M
Free Cash Flow -$28.00M -$76.00M
YoY Change -109.03% -117.53%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
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us-gaap Increase Decrease In Operating Assets
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us-gaap Increase Decrease In Operating Liabilities
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26988000 usd
us-gaap Net Cash Provided By Used In Operating Activities
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156109000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
258889000 usd
us-gaap Payments To Acquire Real Estate
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us-gaap Payments To Acquire Real Estate
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us-gaap Payments For Leasing Costs Commissions And Tenant Improvements
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us-gaap Payments For Leasing Costs Commissions And Tenant Improvements
PaymentsForLeasingCostsCommissionsAndTenantImprovements
250150000 usd
us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
16299000 usd
us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
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us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
5972000 usd
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
1640000 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
29356000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
3405000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-251105000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
5000 usd
us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
2866000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
12823000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2510000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2942000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
82928000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
75911000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
159000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
69310000 usd
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
0 usd
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.295
CY2022Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
39766000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
0 usd
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
165000000 usd
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
196000000 usd
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
425000000 usd
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
81000000 usd
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
222000000 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
103000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
11422000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
4418000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
17976000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
225479000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-77020000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
76453000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
145118000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
58780000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
68098000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
135233000 usd
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
7825000 usd
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
8434000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
1645000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
1706000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
563000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
298000 usd
CY2023Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
44299000 usd
CY2022Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
40359000 usd
us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 usd
us-gaap Liabilities Assumed1
LiabilitiesAssumed1
351000 usd
us-gaap Liabilities Assumed1
LiabilitiesAssumed1
465000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
71732000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
119281000 usd
fr Tenant Improvements Funded By Tenant
TenantImprovementsFundedByTenant
2528000 usd
fr Tenant Improvements Funded By Tenant
TenantImprovementsFundedByTenant
0 usd
fr Write Off Of Fully Depreciated Assets
WriteOffOfFullyDepreciatedAssets
16515000 usd
fr Write Off Of Fully Depreciated Assets
WriteOffOfFullyDepreciatedAssets
19681000 usd
CY2023Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
435 property
CY2023Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
18 state
CY2023Q2 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
66700000 sqft
CY2023Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
435 property
CY2023Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2191711000 usd
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:9pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In order to conform with GAAP, in preparation of our consolidated financial statements we are required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of June 30, 2023 and December 31, 2022, and the reported amounts of revenues and expenses for the three and six months ended June 30, 2023 and 2022. Actual results could differ from those estimates. In our opinion, the accompanying unaudited interim consolidated financial statements reflect all adjustments necessary for a fair statement of our financial position as of June 30, 2023 and December 31, 2022, the results of our operations and comprehensive income for each of the three and six months ended June 30, 2023 and 2022, and our cash flows for each of the six months ended June 30, 2023 and 2022. All adjustments are of a normal recurring nature.</span></div>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassifications</span></div><div style="margin-top:9pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Deferred Leasing Intangibles, Net as of December 31, 2022 have been reclassified to the </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Prepaid Expenses and Other Assets, Net</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> line item and to the </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Accounts Payable, Accrued Expenses and Other Liabilities</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> line item in the consolidated balance sheets to conform to the 2023 presentation. Joint Venture Fees for the three and six months ended June 30, 2022 have been reclassified from the </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Other Revenue</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> line item in the consolidated statements of operations to conform to the 2023 presentation.</span></div>
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
161000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
335000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
558349000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
200364000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
556449000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
876053000 usd
CY2023Q2 us-gaap Loans Payable Fair Value Disclosure
LoansPayableFairValueDisclosure
9574000 usd
CY2022Q4 us-gaap Loans Payable Fair Value Disclosure
LoansPayableFairValueDisclosure
9765000 usd
CY2023Q2 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
873645000 usd
CY2022Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
883444000 usd
CY2023Q2 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
925000000 usd
CY2022Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
909187000 usd
CY2023Q2 us-gaap Lines Of Credit Fair Value Disclosure
LinesOfCreditFairValueDisclosure
258000000 usd
CY2022Q4 us-gaap Lines Of Credit Fair Value Disclosure
LinesOfCreditFairValueDisclosure
143000000 usd
CY2023Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
2066219000 usd
CY2022Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1945396000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
2327000 usd
us-gaap Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred
DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred
410000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
54636000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
116991000 usd
us-gaap Net Income Loss
NetIncomeLoss
110603000 usd
us-gaap Net Income Loss
NetIncomeLoss
153249000 usd
CY2023Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
53000 usd
CY2022Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
103000 usd
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
100000 usd
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
134000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
54583000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
116888000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
110503000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
153115000 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
132249000 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
132051000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
132230000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
131932000 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
88000 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
55000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
88000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
65000 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
132337000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
132106000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
132318000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
131997000 shares
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.41
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.89
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.84
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.16
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.41
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.88
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.84
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.16
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
129909 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
125920 shares
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3269000 usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3893000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9409000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8994000 usd
CY2023Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
430000 usd
CY2022Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1154000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
2136000 usd
CY2023Q2 fr Receivable Due From Affiliates
ReceivableDueFromAffiliates
9284000 usd
CY2022Q4 fr Receivable Due From Affiliates
ReceivableDueFromAffiliates
9285000 usd
CY2023Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
17129000 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P0Y11M8D
CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.84
us-gaap Profit Loss
ProfitLoss
170799000 usd
CY2023Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
74173000 usd
CY2023Q1 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 usd
CY2023Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
11358000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
3893000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
0 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2371559000 usd
us-gaap Profit Loss
ProfitLoss
117009000 usd
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.89
CY2023Q2 us-gaap Profit Loss
ProfitLoss
56234000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
16791000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-103000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
3218000 usd

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