2020 Q4 Form 10-Q Financial Statement

#000171730720000042 Filed on October 28, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q3
Revenue $60.08M $65.11M $60.96M
YoY Change -3.41% 6.81% 50.77%
Cost Of Revenue $8.410M $9.040M $8.590M
YoY Change -3.56% 5.24% 73.89%
Gross Profit $51.68M $56.07M $52.37M
YoY Change -3.37% 7.07% 47.56%
Gross Profit Margin 86.02% 86.12% 85.91%
Selling, General & Admin $4.720M $5.180M $4.480M
YoY Change 16.26% 15.63% 53.42%
% of Gross Profit 9.13% 9.24% 8.55%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.60M $18.00M $17.10M
YoY Change -16.09% 5.26% 151.47%
% of Gross Profit 28.25% 32.1% 32.65%
Operating Expenses $24.95M $29.17M $26.86M
YoY Change -8.74% 8.6% 101.05%
Operating Profit $26.73M $26.90M $25.51M
YoY Change 2.26% 5.45% 15.26%
Interest Expense -$11.01M $12.89M $14.69M
YoY Change -23.96% -12.26% 262.46%
% of Operating Profit -41.19% 47.9% 57.57%
Other Income/Expense, Net
YoY Change
Pretax Income $39.69M $13.83M $10.90M
YoY Change 240.1% 26.83% -39.94%
Income Tax $80.00K $13.00K $63.00K
% Of Pretax Income 0.2% 0.09% 0.58%
Net Earnings $40.32M $14.09M $10.92M
YoY Change 245.38% 29.0% -39.8%
Net Earnings / Revenue 67.11% 21.64% 17.92%
Basic Earnings Per Share $0.22
Diluted Earnings Per Share $618.9K $0.22 $167.8K
COMMON SHARES
Basic Shares Outstanding 65.30M shares 65.11M shares 65.06M shares
Diluted Shares Outstanding 65.13M shares 65.06M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $22.80M $39.10M $23.30M
YoY Change -19.72% 67.81% 109.91%
Cash & Equivalents $22.83M $39.11M $23.34M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $69.50M $70.60M $60.90M
Other Receivables $2.700M $0.00 $500.0K
Total Short-Term Assets $95.00M $109.7M $84.70M
YoY Change 2.48% 29.52% 24.38%
LONG-TERM ASSETS
Property, Plant & Equipment $1.668B $2.230B $2.208B
YoY Change -24.35% 0.98% 64.04%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $60.60M $0.00 $9.300M
YoY Change 20100.0% -100.0%
Other Assets $6.100M $30.80M $9.500M
YoY Change -61.15% 224.21% -5.0%
Total Long-Term Assets $1.821B $2.389B $2.383B
YoY Change -22.92% 0.27% 65.65%
TOTAL ASSETS
Total Short-Term Assets $95.00M $109.7M $84.70M
Total Long-Term Assets $1.821B $2.389B $2.383B
Total Assets $1.916B $2.499B $2.468B
YoY Change -21.96% 1.27% 63.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.70M $19.20M $22.90M
YoY Change -10.91% -16.16% 94.07%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $221.0M $320.0M
YoY Change
Total Short-Term Liabilities $244.5M $349.0M $32.40M
YoY Change 851.36% 977.16% 64.47%
LONG-TERM LIABILITIES
Long-Term Debt $645.6M $1.049B $1.400B
YoY Change -54.1% -25.09% 226.02%
Other Long-Term Liabilities $22.40M $24.10M $30.20M
YoY Change -17.04% -20.2% 13.96%
Total Long-Term Liabilities $668.0M $1.073B $1.430B
YoY Change -53.4% -24.98% 213.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $244.5M $349.0M $32.40M
Total Long-Term Liabilities $668.0M $1.073B $1.430B
Total Liabilities $912.6M $1.422B $1.462B
YoY Change -37.46% -2.78% 207.56%
SHAREHOLDERS EQUITY
Retained Earnings $224.2M $183.9M $130.5M
YoY Change 57.73% 40.95% 82.83%
Common Stock $1.011B $1.011B $999.8M
YoY Change 1.15% 1.1% 0.09%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.003B $983.7M $1.005B
YoY Change
Total Liabilities & Shareholders Equity $1.916B $2.499B $2.468B
YoY Change -21.96% 1.27% 63.79%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income $40.32M $14.09M $10.92M
YoY Change 245.38% 29.0% -39.8%
Depreciation, Depletion And Amortization $14.60M $18.00M $17.10M
YoY Change -16.09% 5.26% 151.47%
Cash From Operating Activities $21.70M $30.00M $24.70M
YoY Change -19.93% 21.46% 1.23%
INVESTING ACTIVITIES
Capital Expenditures -$1.400M -$1.400M -$4.700M
YoY Change -85.11% -70.21% 683.33%
Acquisitions
YoY Change
Other Investing Activities $72.60M $0.00 -$32.20M
YoY Change 785.37% -100.0% -37.84%
Cash From Investing Activities $71.30M -$1.400M -$36.90M
YoY Change -6041.67% -96.21% -29.58%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -122.1M -23.60M 20.30M
YoY Change 725.0% -216.26% -13.25%
NET CHANGE
Cash From Operating Activities 21.70M 30.00M 24.70M
Cash From Investing Activities 71.30M -1.400M -36.90M
Cash From Financing Activities -122.1M -23.60M 20.30M
Net Change In Cash -29.10M 5.000M 8.100M
YoY Change -362.16% -38.27% -276.09%
FREE CASH FLOW
Cash From Operating Activities $21.70M $30.00M $24.70M
Capital Expenditures -$1.400M -$1.400M -$4.700M
Free Cash Flow $23.10M $31.40M $29.40M
YoY Change -36.71% 6.8% 17.6%

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CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65060000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65101000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65048000 shares
CY2020Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.22
CY2019Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.17
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.64
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.63
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
995690000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
12694000 USD
CY2020Q1 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
326000 USD
CY2020Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
18000 USD
CY2020Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
21510000 USD
CY2020Q1 us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
107640000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1094822000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
14557000 USD
CY2020Q2 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
654000 USD
CY2020Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
13000 USD
CY2020Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
21511000 USD
CY2020Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1898000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1086611000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
13814000 USD
CY2020Q3 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
676000 USD
CY2020Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
351000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
3000 USD
CY2020Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
21519000 USD
CY2020Q3 us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
302000 USD
CY2020Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
2107000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1077423000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1028273000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
16786000 USD
CY2019Q1 ilpt Other Comprehensive Income Unrealized Gain Loss On Equity Method Investments Netof Tax
OtherComprehensiveIncomeUnrealizedGainLossOnEquityMethodInvestmentsNetofTax
66000 USD
CY2019Q1 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
73000 USD
CY2019Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
21474000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1023724000 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
13116000 USD
CY2019Q2 ilpt Other Comprehensive Income Unrealized Gain Loss On Equity Method Investments Netof Tax
OtherComprehensiveIncomeUnrealizedGainLossOnEquityMethodInvestmentsNetofTax
71000 USD
CY2019Q2 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
345000 USD
CY2019Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
28000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
1000 USD
CY2019Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
21475000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1015752000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
10922000 USD
CY2019Q3 ilpt Other Comprehensive Income Unrealized Gain Loss On Equity Method Investments Netof Tax
OtherComprehensiveIncomeUnrealizedGainLossOnEquityMethodInvestmentsNetofTax
-46000 USD
CY2019Q3 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
522000 USD
CY2019Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
223000 USD
CY2019Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
21479000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1005448000 USD
us-gaap Profit Loss
ProfitLoss
41065000 USD
us-gaap Profit Loss
ProfitLoss
40824000 USD
us-gaap Depreciation
Depreciation
34307000 USD
us-gaap Depreciation
Depreciation
27161000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1893000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1421000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
19458000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
15085000 USD
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
952000 USD
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
659000 USD
us-gaap Straight Line Rent
StraightLineRent
6183000 USD
us-gaap Straight Line Rent
StraightLineRent
3960000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
120000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
170000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
499000000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1652000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-939000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
617000 USD
us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
1984000 USD
us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
-4000 USD
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
514000 USD
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
584000 USD
us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
-1504000 USD
us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
-858000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2413000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
7863000 USD
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
3865000 USD
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
7440000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1210000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
6106000 USD
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
71000 USD
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
688000 USD
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
589000 USD
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
997000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
92932000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
89158000 USD
us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
71628000 USD
us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
884445000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
4495000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
7789000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
287000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-75836000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-892234000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
650000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
180000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
736000000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
48750000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
0 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
5517000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
64540000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
64428000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
107942000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
4005000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
382000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
251000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
265000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
816804000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
17361000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
13728000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
34550000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9608000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
51911000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23336000 USD
us-gaap Interest Paid Net
InterestPaidNet
39125000 USD
us-gaap Interest Paid Net
InterestPaidNet
31995000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
199000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
164000 USD
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
0 USD
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
56980000 USD
us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
0 USD
us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
56980000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
39105000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
39105000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
23336000 USD
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
12806000 USD
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
12806000 USD
CY2019Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
51911000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23336000 USD
us-gaap Use Of Estimates
UseOfEstimates
The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect reported amounts. Actual results could differ from those estimates. Significant estimates in the condensed consolidated financial statements include purchase price allocations, useful lives of fixed assets, impairments of real estate and related intangibles.
CY2020Q3 ilpt Numberof Real Estate Properties Owned
NumberofRealEstatePropertiesOwned
301 property
CY2020Q3 us-gaap Net Rentable Area
NetRentableArea
43759000 sqft
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
ilpt Operating Leases Committed Expenditures On Leases Executed In Period
OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriod
1614000 USD
CY2020Q3 ilpt Net Rentable Area New Tenant Improvements
NetRentableAreaNewTenantImprovements
849000 sqft
CY2020Q3 ilpt Operating Leases Committed Expenditureson Leases Executedin Period Committedbut Unspent Tenant Related Obligations
OperatingLeasesCommittedExpendituresonLeasesExecutedinPeriodCommittedbutUnspentTenantRelatedObligations
499000 USD
CY2020Q3 us-gaap Environmental Exit Costs Assets Previously Disposed Liability For Remediation
EnvironmentalExitCostsAssetsPreviouslyDisposedLiabilityForRemediation
6940000 USD
CY2020Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
11943000 USD
CY2019Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
10915000 USD
CY2020Q3 ilpt Operating Lease Tenant Reimbursements
OperatingLeaseTenantReimbursements
11698000 USD
CY2019Q3 ilpt Operating Lease Tenant Reimbursements
OperatingLeaseTenantReimbursements
10915000 USD
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
35103000 USD
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
28679000 USD
ilpt Operating Lease Tenant Reimbursements
OperatingLeaseTenantReimbursements
34368000 USD
ilpt Operating Lease Tenant Reimbursements
OperatingLeaseTenantReimbursements
27517000 USD
CY2020Q3 us-gaap Straight Line Rent
StraightLineRent
2120000 USD
CY2019Q3 us-gaap Straight Line Rent
StraightLineRent
979000 USD
us-gaap Straight Line Rent
StraightLineRent
6183000 USD
us-gaap Straight Line Rent
StraightLineRent
3960000 USD
CY2020Q3 ilpt Unusualor Infrequent Itemor Both Deferred Rent Assistance Repayment Terms Numberof Monthly Payments
UnusualorInfrequentItemorBothDeferredRentAssistanceRepaymentTermsNumberofMonthlyPayments
12 payment
ilpt Unusualor Infrequent Itemor Both Rent Assistance Period Increase Decreaseto Accounts Receivable
UnusualorInfrequentItemorBothRentAssistancePeriodIncreaseDecreasetoAccountsReceivable
2847000 USD
CY2020Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1376980000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1415730000 USD
CY2020Q3 ilpt Aggregate Net Book Value Of Real Estate Properties Collateralized
AggregateNetBookValueOfRealEstatePropertiesCollateralized
1086006000 USD
CY2020Q3 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
8459000 USD
CY2019Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
9122000 USD
CY2020Q3 us-gaap Long Term Debt
LongTermDebt
1368521000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
1406608000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
120000 USD
CY2020Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
21519000 USD
CY2020Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.33
CY2020Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
21510000 USD
CY2020Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.33
CY2020Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
21511000 USD
CY2020Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.33
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65112000 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65055000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65092000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65042000 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
17000 shares
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
5000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
9000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
6000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65129000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65060000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65101000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65048000 shares
CY2020Q3 dei Entity Number Of Employees
EntityNumberOfEmployees
0 employee
CY2020Q3 ilpt Related Party Transaction Business Management Fees
RelatedPartyTransactionBusinessManagementFees
347000 USD
ilpt Related Party Transaction Business Management Fees
RelatedPartyTransactionBusinessManagementFees
823000 USD
CY2020Q1 us-gaap Incentive Fee Expense
IncentiveFeeExpense
0 USD

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