2021 Q4 Form 10-Q Financial Statement

#000144483821000026 Filed on November 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $86.48M $83.42M $84.51M
YoY Change 3.8% -1.3% 3.63%
Cost Of Revenue $12.87M $10.49M $10.30M
YoY Change 42.98% 1.88% 7.29%
Gross Profit $73.61M $72.92M $74.20M
YoY Change -0.92% -1.72% 3.2%
Gross Profit Margin 85.12% 87.42% 87.8%
Selling, General & Admin $11.68M $9.275M $8.200M
YoY Change 34.2% 13.11% -6.82%
% of Gross Profit 15.86% 12.72% 11.05%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $46.14M $45.36M $40.60M
YoY Change 13.35% 11.72% 9.14%
% of Gross Profit 62.67% 62.2% 54.72%
Operating Expenses $57.81M $54.63M $48.80M
YoY Change 16.79% 11.95% 6.09%
Operating Profit $15.80M $18.29M $25.40M
YoY Change -36.27% -28.0% -1.93%
Interest Expense -$11.54M $12.21M $13.65M
YoY Change -8.43% -10.54% -17.18%
% of Operating Profit -73.01% 66.76% 53.74%
Other Income/Expense, Net $411.0K $472.0K $40.00K
YoY Change 2.75% 1080.0% -92.48%
Pretax Income $263.0M $7.403M $44.04M
YoY Change 149.07% -83.19% -69.7%
Income Tax $307.0K $270.0K $286.0K
% Of Pretax Income 0.12% 3.65% 0.65%
Net Earnings $262.3M $6.638M $41.90M
YoY Change 149.27% -84.16% -70.76%
Net Earnings / Revenue 303.29% 7.96% 49.58%
Basic Earnings Per Share $0.02 $0.15
Diluted Earnings Per Share $836.0K $0.02 $0.15
COMMON SHARES
Basic Shares Outstanding 282.8M shares 278.1M shares 274.7M shares
Diluted Shares Outstanding 282.0M shares 276.0M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $190.9M $150.1M $287.9M
YoY Change 6.78% -47.87% 128.31%
Cash & Equivalents $190.9M $150.1M $287.9M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $3.526M $1.998M $2.310M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $257.7M $223.4M $356.6M
YoY Change 3.63% -37.36% 84.77%
LONG-TERM ASSETS
Property, Plant & Equipment $3.563B $3.428B $3.024B
YoY Change 13.23% 13.36% 12.38%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $74.56M $51.02M $56.49M
YoY Change 32.05% -9.68% 5.01%
Other Assets $101.5M $43.81M $177.3M
YoY Change 206.79% -75.29% 116.48%
Total Long-Term Assets $3.748B $3.535B $3.265B
YoY Change 15.51% 8.26% 14.91%
TOTAL ASSETS
Total Short-Term Assets $257.7M $223.4M $356.6M
Total Long-Term Assets $3.748B $3.535B $3.265B
Total Assets $4.006B $3.758B $3.622B
YoY Change 14.67% 3.77% 19.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $77.61M $59.68M $52.80M
YoY Change 40.59% 13.03% 151.43%
Accrued Expenses $37.58M $35.75M $46.40M
YoY Change -3.16% -22.96% -11.79%
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 $152.6M $129.7M $133.7M
YoY Change 17.93% -2.98% 28.19%
LONG-TERM LIABILITIES
Long-Term Debt $1.497B $1.529B $1.362B
YoY Change 11.62% 12.27% 5.1%
Other Long-Term Liabilities $32.66M $31.29M $211.8M
YoY Change 4.01% -85.23% 388.02%
Total Long-Term Liabilities $1.530B $1.560B $1.574B
YoY Change 11.45% -0.85% 17.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $152.6M $129.7M $133.7M
Total Long-Term Liabilities $1.530B $1.560B $1.574B
Total Liabilities $1.682B $1.690B $1.708B
YoY Change 12.0% -1.02% 18.28%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $28.00K $28.00K $28.00K
YoY Change 0.0% 0.0% 12.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.291B $2.047B $1.893B
YoY Change
Total Liabilities & Shareholders Equity $4.006B $3.758B $3.622B
YoY Change 14.67% 3.77% 19.35%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $262.3M $6.638M $41.90M
YoY Change 149.27% -84.16% -70.76%
Depreciation, Depletion And Amortization $46.14M $45.36M $40.60M
YoY Change 13.35% 11.72% 9.14%
Cash From Operating Activities $52.86M $59.77M $59.00M
YoY Change 7.22% 1.3% 8.66%
INVESTING ACTIVITIES
Capital Expenditures -$540.3M -$205.2M -$87.20M
YoY Change 149.77% 135.29% -52.48%
Acquisitions
YoY Change
Other Investing Activities $546.6M $1.381M $32.70M
YoY Change 490.92% -95.78% -84.86%
Cash From Investing Activities $6.344M -$203.8M -$54.40M
YoY Change -105.12% 274.61% -267.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -18.63M 97.36M 201.4M
YoY Change -48.11% -51.66% -1538.57%
NET CHANGE
Cash From Operating Activities 52.86M 59.77M 59.00M
Cash From Investing Activities 6.344M -203.8M -54.40M
Cash From Financing Activities -18.63M 97.36M 201.4M
Net Change In Cash 40.58M -46.66M 206.0M
YoY Change -136.75% -122.65% 182.97%
FREE CASH FLOW
Cash From Operating Activities $52.86M $59.77M $59.00M
Capital Expenditures -$540.3M -$205.2M -$87.20M
Free Cash Flow $593.1M $264.9M $146.2M
YoY Change 123.31% 81.21% -38.52%

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CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
40285000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
115470000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
74088000 USD
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.42
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
274696046 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
276379718 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
264211668 shares
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.41
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.28
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
282048458 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
276022762 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
278581849 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
265446221 shares
CY2021Q3 us-gaap Profit Loss
ProfitLoss
7058000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
43618000 USD
us-gaap Profit Loss
ProfitLoss
122320000 USD
us-gaap Profit Loss
ProfitLoss
81169000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
1150000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
1043000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1991137000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
7072000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-17759000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1150000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1043000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
7072000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-17759000 USD
CY2021Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
8208000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
44661000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
129392000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
63410000 USD
CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
420000 USD
CY2020Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1714000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1962000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2245000 USD
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
7788000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
42947000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
127430000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
61165000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2051369000 USD
CY2021Q3 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
5965000 USD
CY2021Q3 lxp Noncontrolling Interest Decrease From Redemptions For Real Estate
NoncontrollingInterestDecreaseFromRedemptionsForRealEstate
22305000 USD
CY2021Q3 lxp Common Shares Issuance And Deferred Compensation Costs Amortization
CommonSharesIssuanceAndDeferredCompensationCostsAmortization
57527000 USD
CY2021Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
32402000 USD
CY2021Q3 us-gaap Profit Loss
ProfitLoss
7058000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1150000 USD
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2068362000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1892186000 USD
CY2020Q3 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
398000 USD
CY2020Q3 lxp Common Shares Issuance And Deferred Compensation Costs Amortization
CommonSharesIssuanceAndDeferredCompensationCostsAmortization
8143000 USD
CY2020Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
31039000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
43618000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1043000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1914349000 USD
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
11050000 USD
lxp Noncontrolling Interest Decrease From Redemptions For Real Estate
NoncontrollingInterestDecreaseFromRedemptionsForRealEstate
22305000 USD
lxp Common Shares Issuance And Deferred Compensation Costs Amortization
CommonSharesIssuanceAndDeferredCompensationCostsAmortization
60469000 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
5120000 USD
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
2000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
96263000 USD
us-gaap Profit Loss
ProfitLoss
122320000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
7072000 USD
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2068362000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1724719000 USD
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
1285000 USD
lxp Common Shares Issuance And Deferred Compensation Costs Amortization
CommonSharesIssuanceAndDeferredCompensationCostsAmortization
230117000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
11042000 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
2623000 USD
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
91518000 USD
us-gaap Profit Loss
ProfitLoss
81169000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-17759000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1914349000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
167405000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
152466000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
392586000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
429834000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
119885000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
21561000 USD
us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
9371000 USD
us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
15328000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
181242000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
99740000 USD
us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
1497000 USD
us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
0 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
975000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
6152000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
6170000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
6843000 USD
us-gaap Payments For Leasing Costs
PaymentsForLeasingCosts
5546000 USD
us-gaap Payments For Leasing Costs
PaymentsForLeasingCosts
4791000 USD
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
1658000 USD
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
-461000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-344106000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-370622000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
95885000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
87966000 USD
lxp Proceeds From Issuance Of Mortgage Loans
ProceedsFromIssuanceOfMortgageLoans
11610000 USD
lxp Proceeds From Issuance Of Mortgage Loans
ProceedsFromIssuanceOfMortgageLoans
0 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
10571000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
16132000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
10567000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
0 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
215000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
170000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
215000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
170000000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
399032000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
396932000 USD
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
188756000 USD
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
112312000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
3977000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
3803000 USD
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
12217000 USD
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
9477000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
10560000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
1285000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
1495000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
1521000 USD
lxp Payment Tax Withholding Sharebased Payment Arrangementand Issuanceof Common Shares
PaymentTaxWithholdingSharebasedPaymentArrangementandIssuanceofCommonShares
5120000 USD
lxp Payment Tax Withholding Sharebased Payment Arrangementand Issuanceof Common Shares
PaymentTaxWithholdingSharebasedPaymentArrangementandIssuanceofCommonShares
2623000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
55116000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
225122000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
11042000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
147730000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
378463000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-28971000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
160307000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
179421000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
129310000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
150450000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
289617000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
178795000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
122666000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
626000 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
6644000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
179421000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
129310000 USD
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
150077000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
287920000 USD
CY2021Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
373000 USD
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1697000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
150450000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
289617000 USD
CY2021Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
140 property
CY2021Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
28 state
us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Revenue Recognition</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. The Company recognizes lease revenue on a straight-line basis over the term of the lease unless another systematic and rational basis is more representative of the time pattern in which the use benefit is derived from the leased property. Revenue is recognized on a contractual basis for leases with escalations tied to a consumer price index with no floor. The Company evaluates the collectability of its rental payments and recognizes revenue on a cash basis when the Company believes it is no longer probable that it will receive substantially all of the remaining lease payments. Renewal options in leases with rental terms that are lower than those in the primary term are excluded from the calculation of straight-line rent if the renewals are not reasonably certain. If the Company funds tenant improvements and the improvements are deemed to be owned by the Company, revenue recognition will commence when the improvements are substantially completed and possession or control of the space is turned over to the tenant. If the Company determines that the tenant allowances are lease incentives, the Company commences revenue recognition when possession or control of the space is turned over to the tenant for tenant work to begin. The lease incentive is recorded as a deferred expense and amortized as a reduction of revenue on a straight-line basis over the respective lease term. The Company recognizes lease termination fees as rental revenue in the period received and writes off unamortized lease-related intangible and other lease-related account balances, provided there are no further Company obligations under the lease. Otherwise, such fees and balances are recognized on a straight-line basis over the remaining obligation period with the termination payments being recorded as a component of rent receivable-deferred on the unaudited condensed consolidated balance sheets.</span>
us-gaap Use Of Estimates
UseOfEstimates
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Management has made a number of significant estimates and assumptions relating to the reporting of assets and liabilities, the disclosure of contingent assets and liabilities and the reported amounts of revenues and expenses to prepare these unaudited condensed consolidated financial statements in conformity with GAAP. These estimates and assumptions are based on management's best estimates and judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment. Management adjusts such estimates when facts and circumstances dictate. The most significant estimates made include the recoverability of current and deferred accounts receivable, allocation of property purchase price to tangible and intangible assets acquired and liabilities assumed, the determination of VIEs and which entities should be consolidated, the determination of impairment of long-lived assets and equity method investments, valuation of derivative financial instruments, valuation of awards granted under compensation plans, the determination of the incremental borrowing rate for leases where the Company is the lessee and the useful lives of long-lived assets. Actual results could differ materially from those estimates.</span>
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
5028000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
40285000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
115470000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
74088000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
278124204 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
274696046 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
276379718 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
264211668 shares
CY2021Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.02
CY2020Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.15
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.42
us-gaap Partners Capital Account Units Redeemed
PartnersCapitalAccountUnitsRedeemed
1598906 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
282048458 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
276022762 shares
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.28
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
5028000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
40285000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
115470000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
74088000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
278124204 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
274696046 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
276379718 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
264211668 shares
CY2021Q3 us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
2765030 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
0 shares
us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
1290968 shares
us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
0 shares
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1159224 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1326716 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
911163 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1234553 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
278581849 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
265446221 shares
CY2021Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.02
CY2020Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.15
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.41
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.28
us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
410609000 USD
CY2021Q3 us-gaap Land
Land
35532000 USD
CY2021Q3 lxp Investment Building And Building Improvements Acquired During Period
InvestmentBuildingAndBuildingImprovementsAcquiredDuringPeriod
354311000 USD
CY2021Q3 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
20751000 USD
CY2021Q3 lxp Finite Lived Intangible Assets Above Below Market Leases Acquired
FiniteLivedIntangibleAssetsAboveBelowMarketLeasesAcquired
15000 USD
CY2021Q3 us-gaap Construction In Progress Gross
ConstructionInProgressGross
185704000 USD
lxp Construction In Progress Capitalized Interest
ConstructionInProgressCapitalizedInterest
1806000 USD
lxp Construction In Progress Capitalized Interest
ConstructionInProgressCapitalizedInterest
578000 USD
CY2021Q3 lxp Note Receivable Stated Interest Rate
NoteReceivableStatedInterestRate
0.060
us-gaap Sublease Income
SubleaseIncome
2824000 USD
lxp Operating Lease Variable Lease Termination Fee Income
OperatingLeaseVariableLeaseTerminationFeeIncome
14105000 USD
us-gaap Transfer Mortgage Payable
TransferMortgagePayable
11610000 USD
CY2021Q3 lxp Numberof Real Estate Properties Held For Sale
NumberofRealEstatePropertiesHeldForSale
4 property
CY2020Q4 lxp Numberof Real Estate Properties Held For Sale
NumberofRealEstatePropertiesHeldForSale
2 property
us-gaap Asset Impairment Charges
AssetImpairmentCharges
7792000 USD
lxp Number Of Impairment Charges
NumberOfImpairmentCharges
2 impairment_charge
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
2124000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1112000 USD
CY2021Q3 us-gaap Equity Method Investments
EquityMethodInvestments
51021000 USD
CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
56464000 USD
CY2021Q3 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
4863000 USD
us-gaap Interest Expense
InterestExpense
35170000 USD
us-gaap Interest Expense
InterestExpense
42610000 USD
lxp Lessor Operating Lease Account Receivable Writeoff
LessorOperatingLeaseAccountReceivableWriteoff
615000 USD
lxp Lessor Lease Execution Costs
LessorLeaseExecutionCosts
67000 USD
lxp Lessor Lease Execution Costs
LessorLeaseExecutionCosts
0 USD
CY2021Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
71357000 USD
CY2020Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
74902000 USD
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
213929000 USD
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
219542000 USD
CY2021Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
10996000 USD
CY2020Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
8690000 USD
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
40641000 USD
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
23879000 USD
CY2021Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
82353000 USD
CY2020Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
83592000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
254570000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
243421000 USD
lxp Operating Lease Variable Lease Termination Fee Income
OperatingLeaseVariableLeaseTerminationFeeIncome
662000 USD
us-gaap Sublease Income
SubleaseIncome
2569000 USD
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
68554000 USD
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
277267000 USD
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
277523000 USD
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
241780000 USD
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
211975000 USD
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
188128000 USD
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
767235000 USD
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
2032462000 USD
CY2021Q3 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P42Y
CY2021Q3 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P52Y
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y3M18D
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P12Y3M18D
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.041
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.042
us-gaap Operating Lease Cost
OperatingLeaseCost
3771000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
26000 USD
us-gaap Lease Cost
LeaseCost
3797000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
3997000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
76000 USD
us-gaap Lease Cost
LeaseCost
4073000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1192000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
5005000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5155000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5021000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
5021000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
3985000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
13486000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
38865000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
8756000 USD
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
30109000 USD
us-gaap Net Income Loss
NetIncomeLoss
78924000 USD
lxp Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Reallocation Of Interest
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesReallocationOfInterest
435000 USD
CY2015Q3 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
10000000 shares
CY2018Q4 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
10000000 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1329940 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
8.28
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2021Q3 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
8976315 shares
lxp Partners Capital Equivalent In Common Shares
PartnersCapitalEquivalentInCommonShares
1.13
CY2021Q3 us-gaap Partners Capital Account Units
PartnersCapitalAccountUnits
824000 shares
us-gaap Net Income Loss
NetIncomeLoss
120358000 USD
lxp Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Reallocation Of Interest
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesReallocationOfInterest
0 USD
lxp Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Redemption Of Interest
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesRedemptionOfInterest
670000 USD
lxp Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Redemption Of Interest
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesRedemptionOfInterest
632000 USD
us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Change Due To Net Income Attributable To Parent And Effects Of Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangeDueToNetIncomeAttributableToParentAndEffectsOfChangesNet
121463000 USD
us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Change Due To Net Income Attributable To Parent And Effects Of Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangeDueToNetIncomeAttributableToParentAndEffectsOfChangesNet
79556000 USD
us-gaap Interest Paid Net
InterestPaidNet
35515000 USD
us-gaap Interest Paid Net
InterestPaidNet
34818000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1273000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1525000 USD
CY2020Q3 lxp Number Of Foreclosed Real Estate Properties
NumberOfForeclosedRealEstateProperties
2 property
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
438000 USD
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
719000 USD

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