2017 Q4 Form 10-K Financial Statement
#000102599619000051 Filed on February 15, 2019
Income Statement
Concept | 2017 Q4 | 2017 Q3 | 2017 Q2 |
---|---|---|---|
Revenue | $177.6M | $181.5M | $180.6M |
YoY Change | 5.29% | 7.83% | 12.78% |
Cost Of Revenue | $49.50M | $51.00M | $51.40M |
YoY Change | 8.79% | 12.09% | 17.35% |
Gross Profit | $128.0M | $130.5M | $129.2M |
YoY Change | 3.9% | 6.18% | 11.09% |
Gross Profit Margin | 72.09% | 71.89% | 71.54% |
Selling, General & Admin | $17.40M | $15.60M | $14.70M |
YoY Change | 8.07% | 15.56% | 5.0% |
% of Gross Profit | 13.59% | 11.95% | 11.38% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $60.20M | $62.50M | $62.30M |
YoY Change | 6.17% | 10.23% | 16.67% |
% of Gross Profit | 47.03% | 47.89% | 48.22% |
Operating Expenses | $77.50M | $129.1M | $128.4M |
YoY Change | 6.31% | 11.46% | 14.73% |
Operating Profit | $50.50M | $1.380M | $843.0K |
YoY Change | 0.4% | -80.43% | -80.96% |
Interest Expense | -$12.70M | $16.15M | $17.97M |
YoY Change | -9.29% | 7.85% | 24.95% |
% of Operating Profit | -25.15% | 1170.36% | 2132.03% |
Other Income/Expense, Net | -$14.63M | -$16.94M | |
YoY Change | 1.3% | 20.34% | |
Pretax Income | $32.50M | $75.50M | $35.30M |
YoY Change | -8.19% | 33.87% | 4.13% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | $28.53M | $71.11M | $31.45M |
YoY Change | -12.86% | 31.94% | -4.26% |
Net Earnings / Revenue | 16.07% | 39.17% | 17.41% |
Basic Earnings Per Share | $0.28 | $0.67 | $0.30 |
Diluted Earnings Per Share | $0.28 | $0.67 | $0.30 |
COMMON SHARES | |||
Basic Shares Outstanding | 98.28M shares | ||
Diluted Shares Outstanding | 98.83M shares |
Balance Sheet
Concept | 2017 Q4 | 2017 Q3 | 2017 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $58.00M | $65.00M | $388.0M |
YoY Change | -69.95% | -74.1% | 1392.31% |
Cash & Equivalents | $57.65M | $64.95M | $387.6M |
Short-Term Investments | |||
Other Short-Term Assets | $55.00M | $49.00M | $39.00M |
YoY Change | -22.54% | -19.67% | -33.9% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $16.93M | $258.0M | $13.70M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $376.0M | $372.0M | $674.0M |
YoY Change | -24.19% | -30.34% | 122.44% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $6.193B | $6.063B | $6.082B |
YoY Change | 4.59% | 9.5% | 10.6% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $21.00M | $19.00M | $16.00M |
YoY Change | 40.0% | 35.71% | 23.08% |
Other Assets | $193.0M | $365.0M | $204.0M |
YoY Change | -29.56% | 47.18% | -57.76% |
Total Long-Term Assets | $6.427B | $6.466B | $6.321B |
YoY Change | 3.48% | 11.52% | 5.44% |
TOTAL ASSETS | |||
Total Short-Term Assets | $376.0M | $372.0M | $674.0M |
Total Long-Term Assets | $6.427B | $6.466B | $6.321B |
Total Assets | $6.803B | $6.838B | $6.995B |
YoY Change | 1.43% | 7.99% | 11.07% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $250.0M | $271.0M | $219.0M |
YoY Change | 23.76% | 7.54% | 3.79% |
Accrued Expenses | |||
YoY Change | |||
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 | $293.0M | $314.0M | $263.0M |
YoY Change | -30.9% | 8.28% | 5.62% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $2.347B | $2.435B | $2.565B |
YoY Change | 1.16% | 9.83% | 5.17% |
Other Long-Term Liabilities | $202.0M | $192.0M | $204.0M |
YoY Change | 0.0% | 4.92% | 11.48% |
Total Long-Term Liabilities | $2.549B | $2.627B | $2.769B |
YoY Change | 1.07% | 9.46% | 5.61% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $293.0M | $314.0M | $263.0M |
Total Long-Term Liabilities | $2.549B | $2.627B | $2.769B |
Total Liabilities | $2.843B | $3.148B | $3.033B |
YoY Change | -3.56% | 17.02% | 5.61% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$122.7M | -$132.8M | |
YoY Change | 13.6% | -311.98% | |
Common Stock | $986.0K | ||
YoY Change | 5.79% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $3.701B | $3.690B | $3.756B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $6.803B | $6.838B | $6.995B |
YoY Change | 1.43% | 7.99% | 11.07% |
Cashflow Statement
Concept | 2017 Q4 | 2017 Q3 | 2017 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $28.53M | $71.11M | $31.45M |
YoY Change | -12.86% | 31.94% | -4.26% |
Depreciation, Depletion And Amortization | $60.20M | $62.50M | $62.30M |
YoY Change | 6.17% | 10.23% | 16.67% |
Cash From Operating Activities | $70.50M | $98.10M | $82.00M |
YoY Change | -23.78% | -14.7% | 38.05% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$173.0M | -$130.9M | -$112.4M |
YoY Change | -65.19% | 70.66% | -41.88% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$5.400M | $166.2M | -$17.20M |
YoY Change | -64.24% | 243.39% | -185.15% |
Cash From Investing Activities | -$178.4M | $35.30M | -$129.6M |
YoY Change | -65.16% | -224.73% | -25.22% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -69.50M | -285.0M | -42.20M |
YoY Change | -119.21% | 300.84% | -139.81% |
NET CHANGE | |||
Cash From Operating Activities | 70.50M | 98.10M | 82.00M |
Cash From Investing Activities | -178.4M | 35.30M | -129.6M |
Cash From Financing Activities | -69.50M | -285.0M | -42.20M |
Net Change In Cash | -177.4M | -151.6M | -89.80M |
YoY Change | 206.92% | -1071.79% | 1036.71% |
FREE CASH FLOW | |||
Cash From Operating Activities | $70.50M | $98.10M | $82.00M |
Capital Expenditures | -$173.0M | -$130.9M | -$112.4M |
Free Cash Flow | $243.5M | $229.0M | $194.4M |
YoY Change | -58.69% | 19.46% | -23.1% |
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|
-183331000 | USD |
CY2018 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
104236000 | USD |
CY2018Q4 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | USD |
CY2016 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
3.375 | |
CY2017Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.375 | |
CY2018Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2017Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
4427500 | shares |
CY2016 | us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
8893000 | USD |
CY2018 | us-gaap |
Debt Instrument Convertible Threshold Consecutive Trading Days1
DebtInstrumentConvertibleThresholdConsecutiveTradingDays1
|
10 | D |
CY2018Q4 | us-gaap |
Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
|
800000 | USD |
CY2017Q4 | us-gaap |
Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
|
20600000 | USD |
CY2018Q4 | us-gaap |
Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
|
21700000 | USD |
CY2016 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
1200000 | USD |
CY2017 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
1300000 | USD |
CY2018 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
1500000 | USD |
CY2018 | us-gaap |
Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
|
0.1 | |
CY2018 | us-gaap |
Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
|
0.6 | |
CY2016 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
217234000 | USD |
CY2016 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
213156000 | USD |
CY2016 | us-gaap |
Depreciation Nonproduction
DepreciationNonproduction
|
4078000 | USD |
CY2016 | us-gaap |
Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
|
-295000 | USD |
CY2016 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
326585000 | USD |
CY2017 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
169364000 | USD |
CY2018 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
187448000 | USD |
CY2016 | us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
13250000 | USD |
CY2017 | us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
5774000 | USD |
CY2016 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
3.00 | |
CY2017Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.27 | |
CY2017Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.30 | |
CY2017Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.67 | |
CY2017Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.28 | |
CY2017 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.52 | |
CY2018Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.36 | |
CY2018Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.27 | |
CY2018Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.34 | |
CY2018Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.59 | |
CY2016 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.97 | |
CY2017Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.26 | |
CY2017Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.30 | |
CY2017Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.67 | |
CY2017Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.28 | |
CY2017 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.51 | |
CY2018Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.36 | |
CY2018Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.27 | |
CY2018Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.33 | |
CY2018Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.58 | |
CY2016 | us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
5600000 | USD |
CY2016 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
164302000 | USD |
CY2016 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | USD |
CY2017 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-5312000 | USD |
CY2018 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-12623000 | USD |
CY2016 | us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
-295000 | USD |
CY2017 | us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
449000 | USD |
CY2018 | us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
11825000 | USD |
CY2016 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
57029000 | USD |
CY2016 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
293788000 | USD |
CY2017 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
164612000 | USD |
CY2018 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
258415000 | USD |
CY2016 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD |
CY2017 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD |
CY2018 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD |
CY2016 | us-gaap |
Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
|
5214000 | USD |
CY2016 | us-gaap |
Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
|
19498000 | USD |
CY2016 | us-gaap |
Interest Expense
InterestExpense
|
55803000 | USD |
CY2016 | us-gaap |
Interest Paid Capitalized
InterestPaidCapitalized
|
47675000 | USD |
CY2017 | us-gaap |
Interest Paid Capitalized
InterestPaidCapitalized
|
44757000 | USD |
CY2018 | us-gaap |
Interest Paid Capitalized
InterestPaidCapitalized
|
65627000 | USD |
CY2016 | us-gaap |
Interest Paid Net
InterestPaidNet
|
54295000 | USD |
CY2016 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
3439000 | USD |
CY2017Q4 | us-gaap |
Liabilities
Liabilities
|
2842522000 | USD |
CY2018Q4 | us-gaap |
Liabilities
Liabilities
|
3564446000 | USD |
CY2017Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
6802838000 | USD |
CY2018Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
7765707000 | USD |
CY2016 | us-gaap |
Marketable Securities Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments
|
1130000 | USD |
CY2017Q4 | us-gaap |
Minority Interest
MinorityInterest
|
259523000 | USD |
CY2018Q4 | us-gaap |
Minority Interest
MinorityInterest
|
271354000 | USD |
CY2016 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
3615000 | USD |
CY2017 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
16542000 | USD |
CY2018 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
11803000 | USD |
CY2016 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
427291000 | USD |
CY2017 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-171241000 | USD |
CY2018 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
503108000 | USD |
CY2016 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-579420000 | USD |
CY2017 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-359102000 | USD |
CY2018 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-808915000 | USD |
CY2016 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
345054000 | USD |
CY2017 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
347012000 | USD |
CY2018 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
410043000 | USD |
CY2016 | us-gaap |
Net Income Loss
NetIncomeLoss
|
293788000 | USD |
CY2017Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
33525000 | USD |
CY2017Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
31448000 | USD |
CY2017Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
71110000 | USD |
CY2017Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
28529000 | USD |
CY2017 | us-gaap |
Net Income Loss
NetIncomeLoss
|
164612000 | USD |
CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
36246000 | USD |
CY2018Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
27549000 | USD |
CY2018Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
34400000 | USD |
CY2018Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
160220000 | USD |
CY2018 | us-gaap |
Net Income Loss
NetIncomeLoss
|
258415000 | USD |
CY2016 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
10010000 | USD |
CY2017 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
16003000 | USD |
CY2018 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
19511000 | USD |
CY2016 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
280538000 | USD |
CY2017Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
26329000 | USD |
CY2017Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
29833000 | USD |
CY2017Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
66558000 | USD |
CY2017Q4 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
28529000 | USD |
CY2017 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
151249000 | USD |
CY2018Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
36246000 | USD |
CY2018Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
27549000 | USD |
CY2018Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
34400000 | USD |
CY2018Q4 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
160220000 | USD |
CY2018 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
258415000 | USD |
CY2018Q4 | us-gaap |
Net Rentable Area
NetRentableArea
|
13232580 | sqft |
CY2016 | us-gaap |
Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
|
5863000 | USD |
CY2016 | us-gaap |
Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
|
6635000 | USD |
CY2016 | us-gaap |
Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
|
453449000 | USD |
CY2017 | us-gaap |
Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
|
54604000 | USD |
CY2018 | us-gaap |
Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
|
8273000 | USD |
CY2016 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
109968000 | USD |
CY2017 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-25893000 | USD |
CY2018 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
91848000 | USD |
CY2016 | us-gaap |
Notes Assumed1
NotesAssumed1
|
1350000 | USD |
CY2017 | us-gaap |
Notes Assumed1
NotesAssumed1
|
0 | USD |
CY2018 | us-gaap |
Notes Assumed1
NotesAssumed1
|
0 | USD |
CY2018 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | segment |
CY2016 | us-gaap |
Operating Expenses
OperatingExpenses
|
448742000 | USD |
CY2017 | us-gaap |
Operating Expenses
OperatingExpenses
|
512493000 | USD |
CY2018 | us-gaap |
Operating Expenses
OperatingExpenses
|
561220000 | USD |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
259389000 | USD |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
|
233619000 | USD |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
|
6278691000 | USD |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
|
566783000 | USD |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
|
586371000 | USD |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
|
620684000 | USD |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
|
631835000 | USD |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
|
632875000 | USD |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
|
3240143000 | USD |
CY2016 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
3839000 | USD |
CY2016 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
111961000 | USD |
CY2016 | us-gaap |
Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
|
-1902000 | USD |
CY2016 | us-gaap |
Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
|
0 | USD |
CY2016 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
137444000 | USD |
CY2016 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
2159000 | USD |
CY2016 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
8875000 | USD |
CY2016 | us-gaap |
Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
|
393767000 | USD |
CY2016 | us-gaap |
Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
|
16100000 | USD |
CY2017 | us-gaap |
Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
|
0 | USD |
CY2018 | us-gaap |
Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
|
0 | USD |
CY2016 | us-gaap |
Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
|
33513000 | USD |
CY2016 | us-gaap |
Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
|
351012000 | USD |
CY2016 | us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
3615000 | USD |
CY2016 | us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
13250000 | USD |
CY2017Q1 | us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
7196000 | USD |
CY2017Q2 | us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
1615000 | USD |
CY2017Q3 | us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
4552000 | USD |
CY2017Q4 | us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
0 | USD |
CY2017 | us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
13363000 | USD |
CY2018 | us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
0 | USD |
CY2016 | us-gaap |
Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
|
0 | USD |
CY2016 | us-gaap |
Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
|
0 | USD |
CY2018 | us-gaap |
Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
|
15100000 | USD |
CY2017Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
308800000 | USD |
CY2016 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
31117000 | USD |
CY2016 | us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
170000000 | USD |
CY2017 | us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
0 | USD |
CY2018 | us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
0 | USD |
CY2016 | us-gaap |
Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
|
0 | USD |
CY2016 | us-gaap |
Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
|
305000000 | USD |
CY2016 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
453449000 | USD |
CY2016 | us-gaap |
Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
|
325031000 | USD |
CY2016 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
12208000 | USD |
CY2016 | us-gaap |
Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
|
0 | USD |
CY2016 | us-gaap |
Profit Loss
ProfitLoss
|
303798000 | USD |
CY2017Q1 | us-gaap |
Profit Loss
ProfitLoss
|
37281000 | USD |
CY2017Q2 | us-gaap |
Profit Loss
ProfitLoss
|
35306000 | USD |
CY2017Q3 | us-gaap |
Profit Loss
ProfitLoss
|
75488000 | USD |
CY2017Q4 | us-gaap |
Profit Loss
ProfitLoss
|
32540000 | USD |
CY2017 | us-gaap |
Profit Loss
ProfitLoss
|
180615000 | USD |
CY2018Q1 | us-gaap |
Profit Loss
ProfitLoss
|
40971000 | USD |
CY2018Q2 | us-gaap |
Profit Loss
ProfitLoss
|
31755000 | USD |
CY2018Q3 | us-gaap |
Profit Loss
ProfitLoss
|
38310000 | USD |
CY2018Q4 | us-gaap |
Profit Loss
ProfitLoss
|
166890000 | USD |
CY2018 | us-gaap |
Profit Loss
ProfitLoss
|
277926000 | USD |
CY2016 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
0 | USD |
CY2015Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
994241000 | USD |
CY2016Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
1139853000 | USD |
CY2017Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
1264162000 | USD |
CY2018Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
1391368000 | USD |
CY2016 | us-gaap |
Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
|
0 | USD |
CY2017 | us-gaap |
Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
|
0 | USD |
CY2018 | us-gaap |
Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
|
0 | USD |
CY2016 | us-gaap |
Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
|
22471000 | USD |
CY2017 | us-gaap |
Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
|
66206000 | USD |
CY2018 | us-gaap |
Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
|
71372000 | USD |
CY2018Q4 | us-gaap |
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
|
6326402000 | USD |
CY2018Q4 | us-gaap |
Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
|
2100230000 | USD |
CY2018Q4 | us-gaap |
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements
|
3591149000 | USD |
CY2018Q4 | us-gaap |
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
|
2777476000 | USD |
CY2018Q4 | us-gaap |
Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
|
2058007000 | USD |
CY2016 | us-gaap |
Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
|
68200000 | USD |
CY2017 | us-gaap |
Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
|
191610000 | USD |
CY2018 | us-gaap |
Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
|
286623000 | USD |
CY2018Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
8426632000 | USD |
CY2016 | us-gaap |
Real Estate Improvements
RealEstateImprovements
|
386836000 | USD |
CY2017 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
0 | USD |
CY2017 | us-gaap |
Real Estate Improvements
RealEstateImprovements
|
533939000 | USD |
CY2018 | us-gaap |
Real Estate Improvements
RealEstateImprovements
|
991008000 | USD |
CY2015Q4 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
6328146000 | USD |
CY2016Q4 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
7060754000 | USD |
CY2017Q4 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
7417777000 | USD |
CY2018Q4 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
8426632000 | USD |
CY2017Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
6153615000 | USD |
CY2018Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
7035264000 | USD |
CY2016 | us-gaap |
Real Estate Other Acquisitions
RealEstateOtherAcquisitions
|
460957000 | USD |
CY2017 | us-gaap |
Real Estate Other Acquisitions
RealEstateOtherAcquisitions
|
19829000 | USD |
CY2018 | us-gaap |
Real Estate Other Acquisitions
RealEstateOtherAcquisitions
|
581671000 | USD |
CY2016 | us-gaap |
Real Estate Other Deductions
RealEstateOtherDeductions
|
33792000 | USD |
CY2017 | us-gaap |
Real Estate Other Deductions
RealEstateOtherDeductions
|
5135000 | USD |
CY2018 | us-gaap |
Real Estate Other Deductions
RealEstateOtherDeductions
|
277201000 | USD |
CY2016 | us-gaap |
Real Estate Tax Expense
RealEstateTaxExpense
|
55206000 | USD |
CY2016 | us-gaap |
Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
|
13250000 | USD |
CY2016 | us-gaap |
Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
|
305000000 | USD |
CY2016 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
74140000 | USD |
CY2016 | us-gaap |
Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
|
0 | USD |
CY2015Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
696000 | USD |
CY2016 | us-gaap |
Revenues
Revenues
|
642572000 | USD |
CY2017Q1 | us-gaap |
Revenues
Revenues
|
179308000 | USD |
CY2017Q2 | us-gaap |
Revenues
Revenues
|
180598000 | USD |
CY2017Q3 | us-gaap |
Revenues
Revenues
|
181534000 | USD |
CY2017Q4 | us-gaap |
Revenues
Revenues
|
177561000 | USD |
CY2017 | us-gaap |
Revenues
Revenues
|
719001000 | USD |
CY2018Q1 | us-gaap |
Revenues
Revenues
|
182822000 | USD |
CY2018Q2 | us-gaap |
Revenues
Revenues
|
187072000 | USD |
CY2018Q3 | us-gaap |
Revenues
Revenues
|
186562000 | USD |
CY2018Q4 | us-gaap |
Revenues
Revenues
|
190842000 | USD |
CY2018 | us-gaap |
Revenues
Revenues
|
747298000 | USD |
CY2016 | us-gaap |
Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
|
171983000 | USD |
CY2017 | us-gaap |
Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
|
190515000 | USD |
CY2018 | us-gaap |
Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
|
198578000 | USD |
CY2017Q4 | us-gaap |
Secured Debt
SecuredDebt
|
300000000 | USD |
CY2016 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
21064000 | USD |
CY2017Q1 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
1.90 | |
CY2016 | us-gaap |
Stock Issued1
StockIssued1
|
48033000 | USD |
CY2016 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
48033000 | USD |
CY2016 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
0 | USD |
CY2018 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
0 | USD |
CY2016 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
31117000 | USD |
CY2017 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
326058000 | USD |
CY2018 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
130693000 | USD |
CY2016 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
0 | USD |
CY2017 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
0 | USD |
CY2018 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
0 | USD |
CY2016 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
1827000 | USD |
CY2017 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
5890000 | USD |
CY2018 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
3926000 | USD |
CY2016 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
12208000 | USD |
CY2017 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
12179000 | USD |
CY2018 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
41000 | USD |
CY2016Q1 | us-gaap |
Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
|
4000000 | shares |
CY2018Q4 | us-gaap |
Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
|
4935826 | shares |
CY2016Q1 | us-gaap |
Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
|
4988025 | shares |
CY2016Q1 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
52199 | shares |
CY2016Q1 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
2900000 | USD |
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3700793000 | USD |
CY2018Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3929907000 | USD |
CY2015Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3234586000 | USD |
CY2016Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3759317000 | USD |
CY2017Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3960316000 | USD |
CY2018Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
4201261000 | USD |
CY2016 | us-gaap |
Straight Line Rent
StraightLineRent
|
29629000 | USD |
CY2016 | us-gaap |
Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
|
2322000 | USD |
CY2017 | us-gaap |
Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
|
0 | USD |
CY2018 | us-gaap |
Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
|
0 | USD |
CY2016Q1 | us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
55.45 | |
CY2017 | us-gaap |
Variable Interest Entity Number Of Entities With Unavailability Of Information
VariableInterestEntityNumberOfEntitiesWithUnavailabilityOfInformation
|
2 | |
CY2018 | us-gaap |
Variable Interest Entity Number Of Entities With Unavailability Of Information
VariableInterestEntityNumberOfEntitiesWithUnavailabilityOfInformation
|
3 | |
CY2016 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
680551 | shares |
CY2016 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
93023034 | shares |
CY2016 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
92342483 | shares |
CY2018 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Concentration of Credit Risk</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">All of our properties and development and redevelopment projects are owned and all of our business is currently conducted in the state of California with the exception of the ownership and operation of </font><font style="font-family:inherit;font-size:10pt;">eight</font><font style="font-family:inherit;font-size:10pt;"> office properties and </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> development project under construction located in the state of Washington. The ability of tenants to honor the terms of their leases is dependent upon the economic, regulatory, and social factors affecting the communities in which our tenants operate. </font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;">December 31, 2018</font><font style="font-family:inherit;font-size:10pt;">, our </font><font style="font-family:inherit;font-size:10pt;">15</font><font style="font-family:inherit;font-size:10pt;"> largest tenants represented approximately </font><font style="font-family:inherit;font-size:10pt;">45.7%</font><font style="font-family:inherit;font-size:10pt;"> of total annualized base rental revenues, of which </font><font style="font-family:inherit;font-size:10pt;">5.9%</font><font style="font-family:inherit;font-size:10pt;"> was attributable to our largest tenant. </font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We have deposited cash with financial institutions that is insured by the Federal Deposit Insurance Corporation (“FDIC”) up to </font><font style="font-family:inherit;font-size:10pt;">$250,000</font><font style="font-family:inherit;font-size:10pt;"> per institution. As of </font><font style="font-family:inherit;font-size:10pt;">December 31, 2018</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">2017</font><font style="font-family:inherit;font-size:10pt;">, we had cash accounts in excess of FDIC insured limits. </font></div></div> | |
CY2018 | us-gaap |
Revenue Recognition Leases Operating
RevenueRecognitionLeasesOperating
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue Recognition</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We recognize revenue from rent, tenant reimbursements, parking and other revenue once all of the following criteria are met: (i) the agreement has been fully executed and delivered, (ii) services have been rendered, (iii) the amount is fixed or determinable and (iv) the collectability of the amount is reasonably assured.</font></div><div style="line-height:120%;padding-left:4px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Minimum annual rental revenues are recognized in rental revenues on a straight-line basis over the non-cancellable term of the related lease. Rental revenue recognition commences when the tenant takes possession or controls the physical use of the leased space. In order for the tenant to take possession, the leased space must be substantially complete and ready for its intended use. In order to determine whether the leased space is substantially ready for its intended use, we begin by determining whether the Company or the tenant owns the tenant improvements. When we conclude that the Company is the owner of tenant improvements, rental revenue recognition begins when the tenant takes possession of the finished space, which is generally when Company owned tenant improvements are substantially complete. In certain instances, when we conclude that the Company is not the owner (the tenant is the owner) of tenant improvements, rental revenue recognition begins when the tenant takes possession of or controls the space.</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">When we conclude that the Company is the owner of tenant improvements, we record the cost to construct the tenant improvements, including costs paid for or reimbursed by the tenants, as a capital asset. For these tenant improvements, we record the amount funded by or reimbursed by the tenants as deferred revenue, which is amortized on a straight-line basis as additional rental income over the term of the related lease.</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">When we conclude that the tenant is the owner of tenant improvements for accounting purposes, we record our contribution towards those improvements as a lease incentive, which is included in deferred leasing costs and acquisition-related intangible assets, net on our consolidated balance sheets and amortized as a reduction to rental income on a straight-line basis over the term of the lease.</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For residential properties, we commence revenue recognition upon lease commencement. Residential rental revenue is recognized on a straight-line basis over the term of the related lease, net of any concessions.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Tenant Reimbursements</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Reimbursements from tenants, consisting of amounts due from tenants for common area maintenance, real estate taxes and other recoverable costs, are recognized as revenue in the period the recoverable costs are incurred. Tenant reimbursements are generally recognized and recorded on a gross basis, as we are generally the primary obligor with respect to purchasing goods and services from third-party suppliers, have discretion in selecting the supplier, and have credit risk.</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other Property Income</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other property income primarily includes amounts recorded in connection with lease terminations, tenant bankruptcy settlement payments, broken deal income and property damage settlement related payments. Lease termination fees are amortized over the remaining lease term, if applicable. If there is no remaining lease term, they are recognized when received and realized. Other property income also includes miscellaneous income from tenants, such as fees related to the restoration of leased premises to their original condition and fees for late rental payments.</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div> | |
CY2018 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires us 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 revenues and expenses during the reported periods. Actual results could differ from those estimates.</font></div></div> |