2023 Q3 Form 10-Q Financial Statement

#000144483823000032 Filed on August 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $85.42M $87.05M
YoY Change 6.66% 9.12%
Cost Of Revenue $14.69M $14.86M
YoY Change 12.37% 15.94%
Gross Profit $70.73M $72.19M
YoY Change 5.55% 7.81%
Gross Profit Margin 82.8% 82.93%
Selling, General & Admin $9.500M $9.895M
YoY Change -4.48% -2.81%
% of Gross Profit 13.43% 13.71%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $45.60M $45.99M
YoY Change 1.46% 1.77%
% of Gross Profit 64.47% 63.71%
Operating Expenses $55.10M $55.78M
YoY Change 0.38% 0.73%
Operating Profit $15.63M $16.41M
YoY Change 28.94% 41.68%
Interest Expense $10.97M -$10.14M
YoY Change -2.58% -193.74%
% of Operating Profit 70.16% -61.81%
Other Income/Expense, Net $394.0K $143.0K
YoY Change 62.81% 81.01%
Pretax Income $13.13M -$6.556M
YoY Change -47.92% -118.12%
Income Tax $220.0K $210.0K
% Of Pretax Income 1.68%
Net Earnings $12.66M -$9.683M
YoY Change -45.86% -123.45%
Net Earnings / Revenue 14.83% -11.12%
Basic Earnings Per Share $0.04 -$0.03
Diluted Earnings Per Share $0.04 -$0.03
COMMON SHARES
Basic Shares Outstanding 292.6M shares 292.6M shares
Diluted Shares Outstanding 291.3M shares 291.0M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $35.40M $23.16M
YoY Change 20.38% -53.51%
Cash & Equivalents $35.42M $23.16M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $6.636M $81.59M
Other Receivables $0.00 $0.00
Total Short-Term Assets $120.7M $104.8M
YoY Change 19.21% -12.58%
LONG-TERM ASSETS
Property, Plant & Equipment $3.680B $3.698B
YoY Change -1.31% -0.52%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $52.35M $50.68M
YoY Change -5.53% -14.29%
Other Assets $43.30M $81.33M
YoY Change -56.46% -40.75%
Total Long-Term Assets $3.808B $3.858B
YoY Change -2.6% -1.95%
TOTAL ASSETS
Total Short-Term Assets $120.7M $104.8M
Total Long-Term Assets $3.808B $3.858B
Total Assets $3.929B $3.962B
YoY Change -2.05% -2.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $57.30M $64.40M
YoY Change -34.91% -21.26%
Accrued Expenses $32.00M $31.54M
YoY Change -11.94% -9.71%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $127.6M $134.2M
YoY Change -19.82% -11.88%
LONG-TERM LIABILITIES
Long-Term Debt $1.481B $1.483B
YoY Change -8.61% -8.02%
Other Long-Term Liabilities $26.50M $26.25M
YoY Change -9.38% -12.13%
Total Long-Term Liabilities $1.507B $1.510B
YoY Change -8.63% -8.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $127.6M $134.2M
Total Long-Term Liabilities $1.507B $1.510B
Total Liabilities $1.635B $1.682B
YoY Change -9.61% -6.3%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $29.00K $29.00K
YoY Change 3.57% 3.57%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.256B $2.281B
YoY Change
Total Liabilities & Shareholders Equity $3.929B $3.962B
YoY Change -2.05% -2.27%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $12.66M -$9.683M
YoY Change -45.86% -123.45%
Depreciation, Depletion And Amortization $45.60M $45.99M
YoY Change 1.46% 1.77%
Cash From Operating Activities $60.90M $55.10M
YoY Change 3.39% 3.73%
INVESTING ACTIVITIES
Capital Expenditures $44.70M $32.60M
YoY Change -152.85% -125.2%
Acquisitions
YoY Change
Other Investing Activities $37.10M -$751.0K
YoY Change -60.34% -101.16%
Cash From Investing Activities -$7.600M -$33.35M
YoY Change -184.83% -48.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -40.90M -41.50M
YoY Change -53.67% -439.61%
NET CHANGE
Cash From Operating Activities 60.90M 55.10M
Cash From Investing Activities -7.600M -33.35M
Cash From Financing Activities -40.90M -41.50M
Net Change In Cash 12.40M -19.76M
YoY Change -160.77% -2706.6%
FREE CASH FLOW
Cash From Operating Activities $60.90M $55.10M
Capital Expenditures $44.70M $32.60M
Free Cash Flow $16.20M $22.50M
YoY Change -88.71% -87.67%

Facts In Submission

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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-141101000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
49926000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
190926000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
101000 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
23161000 usd
CY2023Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
124000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23285000 usd
CY2023Q2 us-gaap Number Of Real Estate Properties
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116 property
CY2023Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
20 state
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
290186934 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
283568078 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
290134015 shares
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, the determination of the term and fair value of sales-type leases, the estimated credit losses for investments in sales-type leases and the useful lives of long-lived assets. Actual results could differ materially from those estimates.</span>
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
39667000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-161000 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
290186934 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
283568078 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
290134015 shares
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WeightedAverageNumberOfSharesOutstandingBasic
283604072 shares
CY2023Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.03
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IncomeLossFromContinuingOperationsPerBasicShare
0.14
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.17
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-9683000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
39667000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-161000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
48665000 usd
CY2023Q2 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
-81000 usd
CY2022Q2 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
47000 usd
us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
-77000 usd
us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
136000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
39714000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-238000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
48801000 usd
CY2023Q2 lxp Real Estate Investment Assumptions Used To Estimate Fair Value Discount Rate
RealEstateInvestmentAssumptionsUsedToEstimateFairValueDiscountRate
0.100
CY2023Q2 lxp Real Estate Investment Property Assumptions Used To Estimate Fair Value Residual Capitalization Rate
RealEstateInvestmentPropertyAssumptionsUsedToEstimateFairValueResidualCapitalizationRate
0.080
CY2023Q2 us-gaap Equity Method Investments
EquityMethodInvestments
50683000 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
58206000 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
283604072 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
668130 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
0 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
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us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
0 shares
CY2023Q2 lxp Incremental Common Shares Attributable To Operating Partnership Units
IncrementalCommonSharesAttributableToOperatingPartnershipUnits
828603 shares
CY2022Q2 lxp Incremental Common Shares Attributable To Operating Partnership Units
IncrementalCommonSharesAttributableToOperatingPartnershipUnits
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lxp Incremental Common Shares Attributable To Operating Partnership Units
IncrementalCommonSharesAttributableToOperatingPartnershipUnits
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lxp Incremental Common Shares Attributable To Operating Partnership Units
IncrementalCommonSharesAttributableToOperatingPartnershipUnits
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CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
285436441 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
290964350 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2023Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.03
CY2022Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
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us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
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CY2023Q2 us-gaap Construction In Progress Gross
ConstructionInProgressGross
372342000 usd
CY2023Q2 lxp Numberof Real Estate Properties Held For Sale
NumberofRealEstatePropertiesHeldForSale
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CY2022Q4 lxp Numberof Real Estate Properties Held For Sale
NumberofRealEstatePropertiesHeldForSale
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us-gaap Asset Impairment Charges
AssetImpairmentCharges
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us-gaap Asset Impairment Charges
AssetImpairmentCharges
1829000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2590000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
16920000 usd
us-gaap Interest Expense
InterestExpense
21537000 usd
us-gaap Interest Expense
InterestExpense
21503000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
5436000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
2839000 usd
CY2023Q2 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
10664000 usd
lxp Lessor Operating Lease Account Receivable Writeoff
LessorOperatingLeaseAccountReceivableWriteoff
0 usd
lxp Lessor Operating Lease Account Receivable Writeoff
LessorOperatingLeaseAccountReceivableWriteoff
198000 usd
lxp Cost Incurred Not Incremental To The Execution Of A Lease
CostIncurredNotIncrementalToTheExecutionOfALease
0 usd
lxp Cost Incurred Not Incremental To The Execution Of A Lease
CostIncurredNotIncrementalToTheExecutionOfALease
34000 usd
CY2023Q2 lxp Number Of Sales Type Leases
NumberOfSalesTypeLeases
1 sales-typelease
us-gaap Sales Type Lease Interest Income
SalesTypeLeaseInterestIncome
3681000 usd
CY2022Q2 us-gaap Sales Type Lease Net Investment In Lease After Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAfterAllowanceForCreditLoss
28000000 usd
CY2022Q2 us-gaap Sales Type Lease Net Investment In Lease After Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAfterAllowanceForCreditLoss
28000000 usd
CY2022Q2 lxp Derecognized Real Estate Net
DerecognizedRealEstateNet
17292000 usd
CY2022Q2 us-gaap Deferred Costs
DeferredCosts
619000 usd
CY2022Q2 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
775000 usd
us-gaap Sales Type Lease Selling Profit Loss
SalesTypeLeaseSellingProfitLoss
9314000 usd
CY2022 lxp Sales Type Lease Remaining Rent Payments
SalesTypeLeaseRemainingRentPayments
371000 usd
CY2023Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
69049000 usd
CY2022Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
67015000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
137136000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
133997000 usd
CY2023Q2 us-gaap Sales Type Lease Revenue
SalesTypeLeaseRevenue
1848000 usd
CY2022Q2 us-gaap Sales Type Lease Revenue
SalesTypeLeaseRevenue
0 usd
us-gaap Sales Type Lease Revenue
SalesTypeLeaseRevenue
3681000 usd
us-gaap Sales Type Lease Revenue
SalesTypeLeaseRevenue
0 usd
CY2023Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
14168000 usd
CY2022Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
10924000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
27665000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
22478000 usd
CY2023Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
85065000 usd
CY2022Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
77939000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
168482000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
156475000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
133883000 usd
CY2023Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Remainder Of Fiscal Year
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedRemainderOfFiscalYear
2614000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
251719000 usd
CY2023Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Next Twelve Months
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedNextTwelveMonths
5263000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
234071000 usd
CY2023Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Two Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedTwoYears
5473000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
214826000 usd
CY2023Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Three Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThreeYears
5692000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
178132000 usd
CY2023Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Four Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFourYears
5920000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
147865000 usd
CY2023Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Five Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFiveYears
6156000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
500591000 usd
CY2023Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Thereafter
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThereafter
733006000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1661087000 usd
CY2023Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
764124000 usd
CY2023Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Undiscounted Excess Amount
SalesTypeAndDirectFinancingLeasesLeaseReceivableUndiscountedExcessAmount
701731000 usd
CY2023Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable
SalesTypeAndDirectFinancingLeasesLeaseReceivable
62393000 usd
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y2M12D
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y6M
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.041
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.040
us-gaap Operating Lease Cost
OperatingLeaseCost
2538000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
158000 usd
us-gaap Lease Cost
LeaseCost
2696000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
2538000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
42000 usd
us-gaap Lease Cost
LeaseCost
2580000 usd
us-gaap Sublease Income
SubleaseIncome
1660000 usd
us-gaap Sublease Income
SubleaseIncome
1660000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2501000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
5199000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5204000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4174000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3673000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1061000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
6440000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
28252000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
5447000 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
22805000 usd
CY2023Q2 us-gaap Sales Type Lease Net Investment In Lease Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAllowanceForCreditLoss
62000 usd
CY2022Q4 us-gaap Sales Type Lease Net Investment In Lease Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAllowanceForCreditLoss
93000 usd
us-gaap Sales Type Lease Net Investment In Lease Allowance For Credit Loss Writeoff
SalesTypeLeaseNetInvestmentInLeaseAllowanceForCreditLossWriteoff
0 usd
us-gaap Sales Type Lease Impairment Loss
SalesTypeLeaseImpairmentLoss
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CY2023Q2 us-gaap Sales Type Lease Net Investment In Lease Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAllowanceForCreditLoss
62000 usd
CY2023Q2 us-gaap Sales Type Lease Net Investment In Lease
SalesTypeLeaseNetInvestmentInLease
62393000 usd
CY2023Q2 us-gaap Sales Type Lease Net Investment In Lease After Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAfterAllowanceForCreditLoss
62331000 usd
CY2023Q2 lxp Sales Type Lease Net Investment In Lease Allowance For Credit Loss To Total Percent
SalesTypeLeaseNetInvestmentInLeaseAllowanceForCreditLossToTotalPercent
0.0010
CY2022Q3 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
10000000 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
6098026 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
11.45
CY2023Q2 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
6874241 shares
CY2023Q2 lxp Unsettled Repurchases
UnsettledRepurchases
0 usd
lxp Partners Capital Equivalent In Common Shares
PartnersCapitalEquivalentInCommonShares
1.13
CY2023Q2 lxp Partners Capital Account Shares Issued For Units Redeemed
PartnersCapitalAccountSharesIssuedForUnitsRedeemed
4886 shares
CY2022Q2 lxp Partners Capital Account Shares Issued For Units Redeemed
PartnersCapitalAccountSharesIssuedForUnitsRedeemed
20232 shares
us-gaap Partners Capital Account Exchanges And Conversions
PartnersCapitalAccountExchangesAndConversions
25000 usd
us-gaap Partners Capital Account Exchanges And Conversions
PartnersCapitalAccountExchangesAndConversions
109000 usd
CY2023Q2 us-gaap Partners Capital Account Units
PartnersCapitalAccountUnits
735000 shares
us-gaap Net Income Loss
NetIncomeLoss
3118000 usd
us-gaap Net Income Loss
NetIncomeLoss
51920000 usd
lxp Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Redemption Of Interest
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesRedemptionOfInterest
25000 usd
lxp Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Redemption Of Interest
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesRedemptionOfInterest
109000 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
3143000 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
52029000 usd
us-gaap Interest Paid Net
InterestPaidNet
25780000 usd
us-gaap Interest Paid Net
InterestPaidNet
23237000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
757000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
952000 usd
lxp Noncash Investment Increased Investment In Real Estate Under Construction
NoncashInvestmentIncreasedInvestmentInRealEstateUnderConstruction
34884000 usd
lxp Noncash Investment Increased Investment In Real Estate Under Construction
NoncashInvestmentIncreasedInvestmentInRealEstateUnderConstruction
50591000 usd
CY2023Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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