2016 Q4 Form 10-K Financial Statement

#000149764517000003 Filed on February 23, 2017

View on sec.gov

Income Statement

Concept 2016 Q4 2015 Q4 2015 Q3
Revenue $110.3M $110.0M $125.1M
YoY Change 0.26% 11.04% 14.49%
Cost Of Revenue $71.30M $72.90M $78.39M
YoY Change -2.19% 9.13% 14.96%
Gross Profit $39.10M $37.20M $46.70M
YoY Change 5.11% 14.81% 13.72%
Gross Profit Margin 35.44% 33.81% 37.33%
Selling, General & Admin $4.900M $4.400M $6.900M
YoY Change 11.36% -2.22% 21.05%
% of Gross Profit 12.53% 11.83% 14.78%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.70M $17.50M $15.90M
YoY Change 6.86% 0.0% 1.27%
% of Gross Profit 47.83% 47.04% 34.05%
Operating Expenses $23.60M $21.90M $22.80M
YoY Change 7.76% 4.78% 3.17%
Operating Profit $15.50M $15.30M $21.93M
YoY Change 1.31% 33.04% 48.11%
Interest Expense -$6.900M -$7.400M $8.083M
YoY Change -6.76% 7.25% 18.19%
% of Operating Profit -44.52% -48.37% 36.85%
Other Income/Expense, Net $700.0K $11.10M -$8.142M
YoY Change -93.69% -11200.0% 34.76%
Pretax Income $8.500M $83.70M $13.79M
YoY Change -89.84% 1802.27% 57.31%
Income Tax -$1.900M -$1.000M $184.0K
% Of Pretax Income -22.35% -1.19% 1.33%
Net Earnings $10.37M $84.16M $13.54M
YoY Change -87.68% 1690.62% 64.52%
Net Earnings / Revenue 9.4% 76.48% 10.82%
Basic Earnings Per Share $0.93 $0.11
Diluted Earnings Per Share $117.9K $0.92 $0.11
COMMON SHARES
Basic Shares Outstanding 87.35M shares 86.00M shares
Diluted Shares Outstanding 87.07M shares

Balance Sheet

Concept 2016 Q4 2015 Q4 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $34.70M $29.30M $32.00M
YoY Change 18.43% -24.09% -8.05%
Cash & Equivalents $34.69M $29.33M $31.95M
Short-Term Investments
Other Short-Term Assets $6.500M $15.30M $21.50M
YoY Change -57.52% 146.77% 246.77%
Inventory
Prepaid Expenses
Receivables $11.80M $9.400M $12.40M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $53.00M $54.00M $65.90M
YoY Change -1.85% 2.86% 24.57%
LONG-TERM ASSETS
Property, Plant & Equipment $1.539B $1.333B $1.267B
YoY Change 15.41% -0.45% -5.67%
Goodwill
YoY Change
Intangibles $6.254M
YoY Change
Long-Term Investments $17.60M $12.80M
YoY Change 37.5% 4166.67%
Other Assets $91.30M $159.8M $254.8M
YoY Change -42.87% 259.1% 377.15%
Total Long-Term Assets $1.666B $1.521B $1.544B
YoY Change 9.47% 8.17% 8.74%
TOTAL ASSETS
Total Short-Term Assets $53.00M $54.00M $65.90M
Total Long-Term Assets $1.666B $1.521B $1.544B
Total Assets $1.719B $1.575B $1.610B
YoY Change 9.08% 7.98% 9.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.600M $2.900M $4.300M
YoY Change 58.62% -60.27% -14.0%
Accrued Expenses $46.90M $42.20M $47.10M
YoY Change 11.14% 10.76% 11.35%
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 $51.50M $45.10M $51.40M
YoY Change 14.19% -0.66% 8.67%
LONG-TERM LIABILITIES
Long-Term Debt $652.4M $671.5M $770.0M
YoY Change -2.84% 7.18% 23.34%
Other Long-Term Liabilities $1.100M $1.800M $3.500M
YoY Change -38.89% -10.0% 118.75%
Total Long-Term Liabilities $653.5M $673.3M $773.5M
YoY Change -2.94% 7.13% 23.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $51.50M $45.10M $51.40M
Total Long-Term Liabilities $653.5M $673.3M $773.5M
Total Liabilities $705.0M $718.5M $829.3M
YoY Change -1.87% 5.75% 23.18%
SHAREHOLDERS EQUITY
Retained Earnings -$1.422M -$40.64M
YoY Change -96.5%
Common Stock $935.0K $868.0K
YoY Change 7.72%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.010B $852.7M $780.4M
YoY Change
Total Liabilities & Shareholders Equity $1.719B $1.575B $1.610B
YoY Change 9.08% 7.98% 9.31%

Cashflow Statement

Concept 2016 Q4 2015 Q4 2015 Q3
OPERATING ACTIVITIES
Net Income $10.37M $84.16M $13.54M
YoY Change -87.68% 1690.62% 64.52%
Depreciation, Depletion And Amortization $18.70M $17.50M $15.90M
YoY Change 6.86% 0.0% 1.27%
Cash From Operating Activities $24.30M $35.80M $41.30M
YoY Change -32.12% 54.98% 36.75%
INVESTING ACTIVITIES
Capital Expenditures -$75.00M -$82.70M -$57.20M
YoY Change -9.31% -82800.0% -6.99%
Acquisitions
YoY Change
Other Investing Activities -$6.100M $152.2M -$22.60M
YoY Change -104.01% -2243.66% 296.49%
Cash From Investing Activities -$81.20M $69.50M -$79.80M
YoY Change -216.83% -1107.25% 18.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 52.90M -108.0M 33.50M
YoY Change -148.98% 778.05% 11.67%
NET CHANGE
Cash From Operating Activities 24.30M 35.80M 41.30M
Cash From Investing Activities -81.20M 69.50M -79.80M
Cash From Financing Activities 52.90M -108.0M 33.50M
Net Change In Cash -4.000M -2.700M -5.000M
YoY Change 48.15% -169.23% -28.57%
FREE CASH FLOW
Cash From Operating Activities $24.30M $35.80M $41.30M
Capital Expenditures -$75.00M -$82.70M -$57.20M
Free Cash Flow $99.30M $118.5M $98.50M
YoY Change -16.2% 415.22% 7.42%

Facts In Submission

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CY2016 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
72406000 USD
CY2016 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
49855000 USD
CY2014 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
446000 USD
CY2015 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
0 USD
CY2016 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
0 USD
us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
5000000 USD
CY2016 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
49800000 USD
CY2014 us-gaap Disposal Group Not Discontinued Operation Loss Gain On Write Down
DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown
8847000 USD
CY2015 us-gaap Disposal Group Not Discontinued Operation Loss Gain On Write Down
DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown
1115000 USD
CY2016 us-gaap Disposal Group Not Discontinued Operation Loss Gain On Write Down
DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown
577000 USD
CY2014 us-gaap Dividends Cash
DividendsCash
56550000 USD
CY2015 us-gaap Dividends Cash
DividendsCash
57602000 USD
CY2016 us-gaap Dividends Cash
DividendsCash
66713000 USD
CY2014 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2015Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.07
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
CY2015Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.93
CY2015 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.25
CY2016 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.00
CY2016Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.51
CY2016Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.20
CY2016Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.25
CY2016Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.04
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
CY2015Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.07
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
CY2015Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.92
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.24
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.00
CY2015Q4 us-gaap Employee Related Liabilities Current And Noncurrent
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9366000 USD
CY2016Q4 us-gaap Employee Related Liabilities Current And Noncurrent
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10802000 USD
CY2016Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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6048000 USD
CY2015Q4 us-gaap Escrow Deposit
EscrowDeposit
10046000 USD
CY2016Q4 us-gaap Escrow Deposit
EscrowDeposit
0 USD
CY2015Q4 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0 USD
CY2016Q4 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0 USD
CY2015Q4 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
0 USD
CY2016Q4 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
0 USD
CY2015Q4 us-gaap Fair Value Liabilities Level1 To Level2 Transfers Amount
FairValueLiabilitiesLevel1ToLevel2TransfersAmount
0 USD
CY2016Q4 us-gaap Fair Value Liabilities Level1 To Level2 Transfers Amount
FairValueLiabilitiesLevel1ToLevel2TransfersAmount
0 USD
CY2015Q4 us-gaap Fair Value Liabilities Level2 To Level1 Transfers Amount
FairValueLiabilitiesLevel2ToLevel1TransfersAmount
0 USD
CY2016Q4 us-gaap Fair Value Liabilities Level2 To Level1 Transfers Amount
FairValueLiabilitiesLevel2ToLevel1TransfersAmount
0 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
4840000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
471000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
190000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
190000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
213000 USD
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
350000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
6122000 USD
CY2015 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.25
CY2016 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.00
CY2014 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.04
CY2016Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
6254000 USD
CY2014 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
391000 USD
CY2015 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.24
CY2016 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.00
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
492000 USD
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
486000 USD
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
CY2015 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
65067000 USD
CY2016 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
49855000 USD
CY2014 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
19884000 USD
CY2015 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
21204000 USD
CY2016 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
19292000 USD
CY2014 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
3703000 USD
CY2015 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
107731000 USD
CY2016 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
87106000 USD
CY2014 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
46000 USD
CY2015 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
819000 USD
CY2016 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
456000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
21175000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
125809000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
106811000 USD
CY2014 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
20431000 USD
CY2015Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
10591000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
16301000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
13606000 USD
CY2015Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
84758000 USD
CY2015 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
125256000 USD
CY2016Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
48734000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
21955000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
27198000 USD
CY2016Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
10374000 USD
CY2016 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
108261000 USD
CY2014 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.04
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.01
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.01
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
744000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
553000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1450000 USD
CY2015Q4 us-gaap Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
4215000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-4324000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1676000 USD
CY2015 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
100000 USD
CY2014 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
926000 USD
CY2015 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2436000 USD
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1228000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-312000 USD
CY2014 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
324000 shares
CY2015Q4 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
274423000 USD
CY2016Q4 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
297683000 USD
CY2016 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
-1195000 USD
CY2016 us-gaap Maximum Length Of Time Hedged In Interest Rate Cash Flow Hedge1
MaximumLengthOfTimeHedgedInInterestRateCashFlowHedge1
P6Y
CY2014 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
8232000 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
419000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1727000 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2655000 USD
CY2014 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
1389000 USD
CY2015 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
5038000 USD
CY2016 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
2803000 USD
CY2014 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-3618000 USD
CY2015 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-28000 USD
CY2016 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
626000 USD
CY2014 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-16275000 USD
CY2015 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-11304000 USD
CY2016 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
3003000 USD
CY2014 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
631000 USD
CY2015 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
-18000 USD
CY2015 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1224000 shares
CY2016 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
469000 shares
CY2014 us-gaap Interest Expense
InterestExpense
28517000 USD
CY2015 us-gaap Interest Expense
InterestExpense
30414000 USD
CY2016 us-gaap Interest Expense
InterestExpense
28091000 USD
CY2014 us-gaap Interest Paid
InterestPaid
26925000 USD
CY2015 us-gaap Interest Paid
InterestPaid
28927000 USD
CY2016 us-gaap Interest Paid
InterestPaid
26156000 USD
CY2014 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
253000 USD
CY2015 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
75000 USD
CY2016 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
0 USD
CY2015Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
1862000 USD
CY2016Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
1655000 USD
CY2015Q4 us-gaap Land Available For Development
LandAvailableForDevelopment
5742000 USD
CY2016Q4 us-gaap Land Available For Development
LandAvailableForDevelopment
5742000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
718468000 USD
CY2016Q4 us-gaap Liabilities
Liabilities
705035000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1575394000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1718505000 USD
CY2015Q4 us-gaap Long Term Debt
LongTermDebt
671536000 USD
CY2016Q4 us-gaap Long Term Debt
LongTermDebt
652414000 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
250963000 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
15828000 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
13017000 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
197049000 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
166136000 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
14557000 USD
CY2015Q4 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
402673000 USD
CY2016Q4 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
359867000 USD
CY2014 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
43172000 USD
CY2015 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
0 USD
CY2016 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
0 USD
CY2016 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
87448000 USD
CY2016Q4 us-gaap Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
3428000 USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
90284000 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-10359000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
21876000 USD
CY2014 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-200548000 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-131112000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-154443000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
102139000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
132216000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
137935000 USD
CY2014 us-gaap Net Income Loss
NetIncomeLoss
20871000 USD
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
10534000 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
16204000 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
13540000 USD
CY2015Q4 us-gaap Net Income Loss
NetIncomeLoss
84159000 USD
CY2015 us-gaap Net Income Loss
NetIncomeLoss
124437000 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
48485000 USD
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
21865000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
27083000 USD
CY2016Q4 us-gaap Net Income Loss
NetIncomeLoss
10372000 USD
CY2016 us-gaap Net Income Loss
NetIncomeLoss
107805000 USD
CY2014 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4283000 USD
CY2015 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
107849000 USD
CY2014 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
1000 USD
CY2015 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
0 USD
CY2016 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
0 USD
CY2014 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
51000 USD
CY2015 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
819000 USD
CY2016 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
456000 USD
CY2014 us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
3685000 USD
CY2014 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-27531000 USD
CY2015 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
45799000 USD
CY2016 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
24324000 USD
CY2015Q4 us-gaap Notes Receivable Net
NotesReceivableNet
12803000 USD
CY2016Q4 us-gaap Notes Receivable Net
NotesReceivableNet
17585000 USD
CY2016 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 Segment
CY2016Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
23 State
CY2014 us-gaap Occupancy Costs
OccupancyCosts
101150000 USD
CY2015 us-gaap Occupancy Costs
OccupancyCosts
109844000 USD
CY2016 us-gaap Occupancy Costs
OccupancyCosts
110221000 USD
CY2014 us-gaap Occupancy Revenue
OccupancyRevenue
380472000 USD
CY2015 us-gaap Occupancy Revenue
OccupancyRevenue
436202000 USD
CY2016 us-gaap Occupancy Revenue
OccupancyRevenue
443270000 USD
CY2015Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
4907000 USD
CY2016Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
4812000 USD
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
48706000 USD
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
80010000 USD
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
82487000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
114890000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
1505000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
1831000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
1817000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
1748000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1757000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
106232000 USD
CY2015Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
2602000 USD
CY2016Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
6084000 USD
CY2015Q4 us-gaap Other Assets
OtherAssets
9559000 USD
CY2016Q4 us-gaap Other Assets
OtherAssets
12032000 USD
CY2014 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-371000 USD
CY2015 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
81000 USD
CY2016 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
693000 USD
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-371000 USD
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">DESCRIPTION OF BUSINESS</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Summit Hotel Properties,&#160;Inc. (the &#8220;Company&#8221;) is a self-managed hotel investment company that was organized on June&#160;30, 2010 as a Maryland corporation. The Company holds both general and limited partnership interests in Summit Hotel OP, LP (the &#8220;Operating Partnership&#8221;), a Delaware limited partnership also organized on June&#160;30, 2010. On February&#160;14, 2011, the Company closed on its initial public offering and completed certain formation transactions, including the merger of Summit Hotel Properties, LLC with and into the Operating Partnership. Unless the context otherwise requires, &#8220;we&#8221;, &#8220;us&#8221;, and &#8220;our&#8221; refer to the Company and its consolidated subsidiaries.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We focus primarily on owning premium-branded, select-service hotels. At </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">, our portfolio consisted of </font><font style="font-family:inherit;font-size:10pt;">81</font><font style="font-family:inherit;font-size:10pt;"> hotels with a total of </font><font style="font-family:inherit;font-size:10pt;">10,957</font><font style="font-family:inherit;font-size:10pt;"> guestrooms located in </font><font style="font-family:inherit;font-size:10pt;">23</font><font style="font-family:inherit;font-size:10pt;"> states. We have elected to be taxed as a real estate investment trust (&#8220;REIT&#8221;) for federal income tax purposes commencing with our short taxable year ended December&#160;31, 2011. To qualify as a REIT, we cannot operate or manage our hotels. Accordingly, all of our hotels are leased to subsidiaries (&#8220;TRS Lessees&#8221;) of our taxable REIT subsidiary (&#8220;TRS&#8221;). We indirectly own </font><font style="font-family:inherit;font-size:10pt;">100%</font><font style="font-family:inherit;font-size:10pt;"> of the outstanding equity interests in all of our TRS Lessees.</font></div></div>
CY2016 us-gaap Prior Period Reclassification Adjustment Description
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain amounts reported in previous periods, such as the reporting of deferred financing costs, have been reclassified to conform to the current presentation primarily as a result of adopting new accounting standards in the current year.&#160; Reclassifications had no net effect on the Company&#8217;s previously reported financial position or results of operations.</font></div></div>
CY2016 us-gaap Use Of Estimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</font></div></div>

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