2018 Q2 Form 10-Q Financial Statement

#000156103218000008 Filed on May 09, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2018 Q1 2017 Q1
Revenue $90.96M $89.44M $74.62M
YoY Change 20.05% 19.87% -1.18%
Cost Of Revenue
YoY Change
Gross Profit $37.20M $36.33M $32.00M
YoY Change 18.45% 13.52% -12.82%
Gross Profit Margin 40.9% 40.62% 42.89%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.77M $20.48M
YoY Change 1.4% -16.79%
% of Gross Profit 57.16% 64.0%
Operating Expenses $85.12M $84.16M $75.43M
YoY Change 14.25% 11.57% 3.91%
Operating Profit $5.841M $5.278M -$817.0K
YoY Change 360.65% -746.02% -128.0%
Interest Expense $12.21M $11.16M $5.482M
YoY Change 85.31% 103.52% 9.99%
% of Operating Profit 209.01% 211.39%
Other Income/Expense, Net -$12.36M -$10.98M -$5.545M
YoY Change 99.58% 97.94% 11.75%
Pretax Income -$6.515M -$5.698M -$6.362M
YoY Change 32.34% -10.44% 211.25%
Income Tax $466.0K $309.0K -$195.0K
% Of Pretax Income
Net Earnings -$6.950M -$5.991M -$6.139M
YoY Change 47.37% -2.41% 294.79%
Net Earnings / Revenue -7.64% -6.7% -8.23%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 91.37M shares 90.68M shares 89.91M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q2 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $71.02M $61.28M $91.68M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles $109.3M $113.4M $106.6M
YoY Change 5.29% 6.39% -26.57%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $2.365B $2.348B $2.241B
YoY Change 2.48% 4.8% -1.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities $1.053B $1.017B $790.6M
YoY Change 19.72% 28.6% 15.65%
SHAREHOLDERS EQUITY
Retained Earnings -$725.2M -$698.9M -$530.3M
YoY Change 27.84% 31.8% 49.6%
Common Stock $914.0K $912.0K $889.0K
YoY Change 2.01% 2.59% 2.3%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.304B $1.323B $1.442B
YoY Change
Total Liabilities & Shareholders Equity $2.365B $2.348B $2.241B
YoY Change 2.48% 4.8% -1.11%

Cashflow Statement

Concept 2018 Q2 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income -$6.950M -$5.991M -$6.139M
YoY Change 47.37% -2.41% 294.79%
Depreciation, Depletion And Amortization $20.77M $20.48M
YoY Change 1.4% -16.79%
Cash From Operating Activities $16.92M $19.06M
YoY Change -11.23% -26.93%
INVESTING ACTIVITIES
Capital Expenditures $1.174M $1.141M
YoY Change 2.89% -37.07%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$21.49M -$4.585M
YoY Change 368.59% -52.66%
FINANCING ACTIVITIES
Cash Dividend Paid $19.13M $20.22M
YoY Change -5.39% 15.45%
Common Stock Issuance & Retirement, Net $8.000M $27.52M
YoY Change -70.93% 129.03%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$26.99M $48.41M
YoY Change -155.76% -1209.19%
NET CHANGE
Cash From Operating Activities $16.92M $19.06M
Cash From Investing Activities -$21.49M -$4.585M
Cash From Financing Activities -$26.99M $48.41M
Net Change In Cash -$31.56M $62.88M
YoY Change -150.19% 422.47%
FREE CASH FLOW
Cash From Operating Activities $16.92M $19.06M
Capital Expenditures $1.174M $1.141M
Free Cash Flow $15.74M $17.92M
YoY Change -12.13% -26.18%

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1000 USD
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CY2017Q1 us-gaap Interest Paid
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CY2018Q1 us-gaap Interest Paid
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9598000 USD
CY2017Q4 us-gaap Land
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CY2018Q1 us-gaap Land
Land
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200000 USD
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1015802000 USD
CY2018Q1 us-gaap Liabilities
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1016730000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
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90 shares
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CY2018Q1 us-gaap Line Of Credit
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CY2018Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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145000 USD
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CY2017Q1 us-gaap Net Cash Provided By Used In Operating Activities
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19059000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities
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16918000 USD
CY2017Q1 us-gaap Net Income Loss
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CY2017Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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-28000 USD
CY2018Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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-16000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities
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-26991000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Investing Activities
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-4585000 USD
CY2017Q1 us-gaap Nonoperating Income Expense
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-5545000 USD
CY2018Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-10976000 USD
CY2018Q1 us-gaap Number Of Real Estate Properties
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190 property
CY2018Q1 us-gaap Number Of Real Estate Properties
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76 encumbered_property
CY2018Q1 us-gaap Number Of Reportable Segments
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3 segment
CY2018Q1 us-gaap Number Of States In Which Entity Operates
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30 state
CY2017Q4 us-gaap Off Market Lease Unfavorable
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18829000 USD
CY2018Q1 us-gaap Off Market Lease Unfavorable
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18356000 USD
CY2017Q1 us-gaap Operating Expenses
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75432000 USD
CY2018Q1 us-gaap Operating Expenses
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84160000 USD
CY2017Q1 us-gaap Operating Income Loss
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CY2018Q1 us-gaap Operating Income Loss
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CY2018Q1 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
38827000 USD
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
790000 USD
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
774000 USD
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
781000 USD
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
76588000 USD
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
82331000 USD
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
87524000 USD
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
780000 USD
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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35104000 USD
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
696614000 USD
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
67893000 USD
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
69838000 USD
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
312440000 USD
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
598000 USD
CY2017Q1 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
24022000 USD
CY2018Q1 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
25286000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
0 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
3964000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3964000 USD
CY2017Q1 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
1000 USD
CY2018Q1 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
3000 USD
CY2017Q1 us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
67000 USD
CY2018Q1 us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
131000 USD
CY2017Q1 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
600000 USD
CY2018Q1 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
0 USD
CY2017Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
27518000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
5700000 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
33600000 USD
CY2018Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
8025000 USD
CY2017Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
20215000 USD
CY2018Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
19125000 USD
CY2017Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
200000 USD
CY2017Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
169000 USD
CY2018Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
145000 USD
CY2018Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
100000 USD
CY2017Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2475000 USD
CY2018Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1606000 USD
CY2017Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1141000 USD
CY2018Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1174000 USD
CY2017Q1 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
2844000 USD
CY2018Q1 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
20311000 USD
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2018Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2018Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2018Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2018Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2018Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2017Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
22099000 USD
CY2018Q1 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
25505000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2200000000 USD
CY2018Q1 us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
13400000 USD
CY2017Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
99439000 USD
CY2018Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
64153000 USD
CY2017Q1 us-gaap Profit Loss
ProfitLoss
-6167000 USD
CY2018Q1 us-gaap Profit Loss
ProfitLoss
-6007000 USD
CY2017Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3510000 USD
CY2018Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2586000 USD
CY2015Q3 us-gaap Purchase Obligation
PurchaseObligation
82000000 USD
CY2017Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
590000 USD
CY2017Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
309711000 USD
CY2018Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
330573000 USD
CY2017Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2486052000 USD
CY2018Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2506482000 USD
CY2017Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2176341000 USD
CY2018Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2175909000 USD
CY2017Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
74615000 USD
CY2018Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
89438000 USD
CY2018Q1 us-gaap Repayments Of Secured Debt
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62112000 USD
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
8411000 USD
CY2018Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
9753000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-665026000 USD
CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-698920000 USD
CY2017Q1 us-gaap Revenues
Revenues
74615000 USD
CY2018Q1 us-gaap Revenues
Revenues
89438000 USD
CY2017Q4 us-gaap Secured Debt
SecuredDebt
406630000 USD
CY2018Q1 us-gaap Secured Debt
SecuredDebt
345213000 USD
CY2017Q1 us-gaap Share Based Compensation
ShareBasedCompensation
14000 USD
CY2018Q1 us-gaap Share Based Compensation
ShareBasedCompensation
319000 USD
CY2018Q1 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
600000 shares
CY2017Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
17321000 USD
CY2018Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
13355000 USD
CY2018Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
319000 USD
CY2018Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
8025000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
1347554000 USD
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
1323273000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1356059000 USD
CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1331617000 USD
CY2017Q1 us-gaap Tenant Reimbursements
TenantReimbursements
4104000 USD
CY2018Q1 us-gaap Tenant Reimbursements
TenantReimbursements
4971000 USD
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
22.43
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
22.30
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
21.47
CY2017 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
21.61
CY2018Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
21.45
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2529798 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2903765 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
267723 shares
CY2017 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1554768 shares
CY2018Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
373967 shares
CY2018Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
8000000 USD
CY2017Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
89639676 shares
CY2018Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
90783065 shares
CY2018Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior year amounts have been reclassified to conform with the current year presentation.</font></div></div>

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