2016 Form 10-K Financial Statement

#000162828017001631 Filed on February 23, 2017

View on sec.gov

Income Statement

Concept 2016 2015 Q4 2015 Q3
Revenue $237.2M $51.29M $50.08M
YoY Change 23.09% 22.87% 22.56%
Cost Of Revenue $32.20M $7.410M $7.290M
YoY Change 12.98% 6.31% 24.4%
Gross Profit $205.0M $43.87M $42.79M
YoY Change 24.85% 26.17% 22.29%
Gross Profit Margin 86.43% 85.54% 85.45%
Selling, General & Admin $38.20M $8.600M $8.030M
YoY Change 18.27% 18.46% 12.31%
% of Gross Profit 18.63% 19.6% 18.77%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $88.36M $18.40M $18.06M
YoY Change 24.52% 19.48% 17.27%
% of Gross Profit 43.1% 41.94% 42.2%
Operating Expenses $160.0M $27.11M $33.71M
YoY Change 19.99% 18.85% 49.31%
Operating Profit $77.17M $16.76M $16.36M
YoY Change 30.06% 40.13% 31.85%
Interest Expense $40.74M -$8.840M $8.526M
YoY Change 18.98% 28.12% -224.29%
% of Operating Profit 52.79% -52.74% 52.11%
Other Income/Expense, Net
YoY Change
Pretax Income $36.40M $7.470M $7.840M
YoY Change 45.02% 57.26% 12.32%
Income Tax
% Of Pretax Income
Net Earnings $32.75M $6.921M $7.542M
YoY Change 37.25% 50.78% 11.73%
Net Earnings / Revenue 13.81% 13.5% 15.06%
Basic Earnings Per Share
Diluted Earnings Per Share $282.8K $66.29K $74.83K
COMMON SHARES
Basic Shares Outstanding 104.1M shares 96.72M shares
Diluted Shares Outstanding 116.0M shares 100.8M shares

Balance Sheet

Concept 2016 2015 Q4 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.10M $8.800M $7.000M
YoY Change 48.86% -18.52% -36.36%
Cash & Equivalents $13.10M $8.844M $6.953M
Short-Term Investments
Other Short-Term Assets $3.300M $2.000M $600.0K
YoY Change 65.0% -20.0% 20.0%
Inventory
Prepaid Expenses
Receivables $35.80M $28.70M $26.60M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $52.20M $39.50M $34.20M
YoY Change 32.15% 8.82% -7.57%
LONG-TERM ASSETS
Property, Plant & Equipment $2.494B $2.162B $1.917B
YoY Change 15.34% 27.37% 19.34%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $34.90M $30.40M $40.40M
YoY Change 14.8% -24.38% -19.04%
Total Long-Term Assets $2.611B $2.262B $2.029B
YoY Change 15.43% 24.6% 17.02%
TOTAL ASSETS
Total Short-Term Assets $52.20M $39.50M $34.20M
Total Long-Term Assets $2.611B $2.262B $2.029B
Total Assets $2.663B $2.301B $2.063B
YoY Change 15.71% 24.29% 16.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.30M $13.20M $22.80M
YoY Change 38.64% 8.2% 20.63%
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 $24.30M $18.30M $27.10M
YoY Change 32.79% 12.96% 19.91%
LONG-TERM LIABILITIES
Long-Term Debt $1.156B $982.2M $872.3M
YoY Change 17.73% 32.12% 28.9%
Other Long-Term Liabilities $166.9M $135.9M $133.1M
YoY Change 22.81% 5.02% 5.05%
Total Long-Term Liabilities $1.323B $1.118B $1.005B
YoY Change 18.34% 28.1% 25.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $24.30M $18.30M $27.10M
Total Long-Term Liabilities $1.323B $1.118B $1.005B
Total Liabilities $1.475B $1.136B $1.070B
YoY Change 16.6% 22.46% 24.83%
SHAREHOLDERS EQUITY
Retained Earnings -$123.0M
YoY Change
Common Stock $10.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.188B $1.037B $992.6M
YoY Change
Total Liabilities & Shareholders Equity $2.663B $2.301B $2.063B
YoY Change 15.71% 24.29% 16.5%

Cashflow Statement

Concept 2016 2015 Q4 2015 Q3
OPERATING ACTIVITIES
Net Income $32.75M $6.921M $7.542M
YoY Change 37.25% 50.78% 11.73%
Depreciation, Depletion And Amortization $88.36M $18.40M $18.06M
YoY Change 24.52% 19.48% 17.27%
Cash From Operating Activities $114.6M $12.30M $31.60M
YoY Change 31.87% -3.91% 37.39%
INVESTING ACTIVITIES
Capital Expenditures -$325.6M -$86.00M -$120.8M
YoY Change -4.54% 0.0% 1213.04%
Acquisitions
YoY Change
Other Investing Activities $500.0K $500.0K $2.800M
YoY Change -87.5% -96.12% -157.14%
Cash From Investing Activities -$325.1M -$85.60M -$117.8M
YoY Change -3.56% 17.1% 729.58%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$183.5M $87.40M
YoY Change 83.56% 478.81%
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities $214.7M 75.20M 85.70M
YoY Change -13.53% 25.12% -1258.11%
NET CHANGE
Cash From Operating Activities $114.6M 12.30M 31.60M
Cash From Investing Activities -$325.1M -85.60M -117.8M
Cash From Financing Activities $214.7M 75.20M 85.70M
Net Change In Cash $4.179M 1.900M -500.0K
YoY Change -316.64% -1050.0% -135.71%
FREE CASH FLOW
Cash From Operating Activities $114.6M $12.30M $31.60M
Capital Expenditures -$325.6M -$86.00M -$120.8M
Free Cash Flow $440.2M $98.30M $152.4M
YoY Change 2.85% -0.51% 373.29%

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500000000 shares
CY2015Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
99531034 shares
CY2014 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
4869000 USD
CY2015 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0 USD
CY2016 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0 USD
CY2014 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
11200000 USD
CY2016 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
3676000 USD
CY2014 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
21137000 USD
CY2015 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
27231000 USD
CY2016 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
39444000 USD
CY2015Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
61683000 USD
CY2016Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
34753000 USD
CY2015Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
449000 USD
CY2016Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
417000 USD
CY2014 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
25000 USD
CY2015 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
31000 USD
CY2016 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
76000 USD
CY2015Q4 us-gaap Deposits Assets
DepositsAssets
500000 USD
CY2016Q4 us-gaap Deposits Assets
DepositsAssets
0 USD
CY2014 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
58435000 USD
CY2015 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
70957000 USD
CY2016 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
88359000 USD
CY2014 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-3219000 USD
CY2015 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-2139000 USD
CY2016 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-2473000 USD
CY2014 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
-3132000 USD
CY2015 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
0 USD
CY2016 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
541000 USD
CY2014 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
25036000 USD
CY2015 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
28475000 USD
CY2016 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
32201000 USD
CY2014 us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
2009000 USD
CY2015 us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
2764000 USD
CY2016 us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
8363000 USD
CY2014 us-gaap Dividends Common Stock
DividendsCommonStock
55531000 USD
CY2015 us-gaap Dividends Common Stock
DividendsCommonStock
68482000 USD
CY2016 us-gaap Dividends Common Stock
DividendsCommonStock
83900000 USD
CY2014 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.24
CY2015Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.04
CY2015Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.05
CY2015Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.08
CY2015Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.07
CY2015 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.25
CY2016Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.08
CY2016Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.08
CY2016Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.07
CY2016Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.09
CY2016 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.31
CY2015Q4 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
66942000 USD
CY2016Q4 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
79205000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
66942000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
79205000 USD
CY2015 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
12650000 USD
CY2016 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13120000 USD
CY2014 us-gaap Income Taxes Paid
IncomeTaxesPaid
331000 USD
CY2015 us-gaap Income Taxes Paid
IncomeTaxesPaid
241000 USD
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
206000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1164000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
512000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
4417000 USD
CY2014 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
3188000 USD
CY2015 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
1849000 USD
CY2016 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
266000 USD
CY2014 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-852000 USD
CY2015 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
2376000 USD
CY2016 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
1356000 USD
CY2014 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
1106000 USD
CY2015 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-501000 USD
CY2016 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
1363000 USD
CY2014 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
1605000 USD
CY2015 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
2599000 USD
CY2016 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
4412000 USD
CY2014 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-594000 USD
CY2015 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-23000 USD
CY2016 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-35000 USD
CY2014 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
-190000 USD
CY2015 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
-264000 USD
CY2016 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
-66000 USD
CY2014 us-gaap Interest Expense
InterestExpense
27593000 USD
CY2015 us-gaap Interest Expense
InterestExpense
34243000 USD
CY2016 us-gaap Interest Expense
InterestExpense
40741000 USD
CY2014 us-gaap Interest Paid
InterestPaid
26006000 USD
CY2015 us-gaap Interest Paid
InterestPaid
31996000 USD
CY2016 us-gaap Interest Paid
InterestPaid
34275000 USD
CY2016Q4 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
-2000000 USD
CY2015Q4 us-gaap Land
Land
669307000 USD
CY2016Q4 us-gaap Land
Land
766199000 USD
CY2014 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1200000 USD
CY2015 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1200000 USD
CY2016 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
800000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
1136432000 USD
CY2016Q4 us-gaap Liabilities
Liabilities
1347404000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2301448000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2662969000 USD
CY2016 us-gaap Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
0.903
CY2016Q4 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
120969823 shares
CY2015Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
28652000 USD
CY2016Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
35820000 USD
CY2014 us-gaap Loans Assumed1
LoansAssumed1
0 USD
CY2015 us-gaap Loans Assumed1
LoansAssumed1
19024000 USD
CY2016 us-gaap Loans Assumed1
LoansAssumed1
17618000 USD
CY2015Q4 us-gaap Long Term Debt
LongTermDebt
298802000 USD
CY2016Q4 us-gaap Long Term Debt
LongTermDebt
299191000 USD
CY2015Q4 us-gaap Minority Interest
MinorityInterest
94671000 USD
CY2016Q4 us-gaap Minority Interest
MinorityInterest
127324000 USD
CY2016 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
7182000 USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
337502000 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
248269000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
214689000 USD
CY2014 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-399856000 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-337115000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-325090000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
65207000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
86917000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
114682000 USD
CY2014 us-gaap Net Income Loss
NetIncomeLoss
20301000 USD
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
4200000 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
5201000 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
7542000 USD
CY2015Q4 us-gaap Net Income Loss
NetIncomeLoss
6921000 USD
CY2015 us-gaap Net Income Loss
NetIncomeLoss
23864000 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
8027000 USD
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
7704000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
7402000 USD
CY2016Q4 us-gaap Net Income Loss
NetIncomeLoss
9621000 USD
CY2016 us-gaap Net Income Loss
NetIncomeLoss
32754000 USD
CY2014 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
749000 USD
CY2015 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1228000 USD
CY2016 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3676000 USD
CY2014 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
20141000 USD
CY2015 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
23635000 USD
CY2016 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
32484000 USD
CY2014 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
20890000 USD
CY2015 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
24863000 USD
CY2016 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
36160000 USD
CY2014 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
16343000 USD
CY2015 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
116640000 USD
CY2016 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
48175000 USD
CY2015Q4 us-gaap Notes Payable
NotesPayable
62156000 USD
CY2016Q4 us-gaap Notes Payable
NotesPayable
71303000 USD
CY2015 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
12 property
CY2016 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2014 us-gaap Operating Expenses
OperatingExpenses
112090000 USD
CY2015 us-gaap Other Noncash Expense
OtherNoncashExpense
2139000 USD
CY2016 us-gaap Other Noncash Expense
OtherNoncashExpense
2139000 USD
CY2015 us-gaap Operating Expenses
OperatingExpenses
133364000 USD
CY2016 us-gaap Operating Expenses
OperatingExpenses
160018000 USD
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
43774000 USD
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
59335000 USD
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
77171000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
42953000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
1222000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
1282000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
1273000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
1265000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1260000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
36651000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
1005550000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
166181000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
85752000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
105841000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
125052000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
146496000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
376228000 USD
CY2014 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
119842000 USD
CY2015 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
148622000 USD
CY2016 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
183330000 USD
CY2015Q4 us-gaap Other Assets
OtherAssets
1895000 USD
CY2016Q4 us-gaap Other Assets
OtherAssets
2627000 USD
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
87000 USD
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2139000 USD
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3014000 USD
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
87000 USD
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
2139000 USD
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3014000 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-3219000 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-2139000 USD
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-2473000 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-3132000 USD
CY2015 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
0 USD
CY2016 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
541000 USD
CY2014 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
505000 USD
CY2015 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
627000 USD
CY2016 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
456000 USD
CY2014 us-gaap Other Income
OtherIncome
3077000 USD
CY2015 us-gaap Other Income
OtherIncome
3515000 USD
CY2016 us-gaap Other Income
OtherIncome
2405000 USD
CY2015Q4 us-gaap Other Liabilities
OtherLiabilities
11036000 USD
CY2016Q4 us-gaap Other Liabilities
OtherLiabilities
11922000 USD
CY2014 us-gaap Other Noncash Expense
OtherNoncashExpense
1848000 USD
CY2016 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
40758000 USD
CY2014 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
160000 USD
CY2014 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
26142000 USD
CY2015 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
27515000 USD
CY2014 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
160000 USD
CY2015 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
229000 USD
CY2016 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
270000 USD
CY2015 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
229000 USD
CY2016 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
270000 USD
CY2014 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
3725000 USD
CY2015 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
-4000000 USD
CY2016 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
-500000 USD
CY2014 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
631000 USD
CY2015 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1317000 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1368000 USD
CY2014 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
53574000 USD
CY2015 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
65837000 USD
CY2016 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
75672000 USD
CY2014 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
9513000 USD
CY2015 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
4739000 USD
CY2016 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
7097000 USD
CY2014 us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
398205000 USD
CY2015 us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
313623000 USD
CY2016 us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
284867000 USD
CY2014 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
0 USD
CY2015 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
6710000 USD
CY2016 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
0 USD
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1953000 USD
CY2016Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
3317000 USD
CY2015Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
87400000 USD
CY2016Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
133000000 USD
CY2014 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
214906000 USD
CY2015 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
101293000 USD
CY2016 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
184881000 USD
CY2014 us-gaap Proceeds From Issuance Of Long Term Debt
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0 USD
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CY2016Q4 us-gaap Real Estate And Accumulated Depreciation Amount Of Encumbrances
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CY2016Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
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23676000 USD
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0 USD
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0 USD
CY2016Q4 us-gaap Real Estate Federal Income Tax Basis
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2500000000 USD
CY2013Q4 us-gaap Real Estate Gross At Carrying Value
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CY2015Q4 us-gaap Real Estate Gross At Carrying Value
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2162306000 USD
CY2016Q4 us-gaap Real Estate Investment Property Net
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2493997000 USD
CY2015 us-gaap Real Estate Taxes And Insurance
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CY2016 us-gaap Real Estate Taxes And Insurance
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CY2014 us-gaap Real Estate Other Acquisitions
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416298000 USD
CY2015 us-gaap Real Estate Other Acquisitions
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485853000 USD
CY2016 us-gaap Real Estate Other Acquisitions
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CY2014 us-gaap Share Based Compensation
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CY2015 us-gaap Share Based Compensation
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CY2016 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
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CY2016Q4 us-gaap Sec Schedule Iii Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Buildings And Improvements
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CY2014 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
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CY2015 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
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CY2015Q4 us-gaap Security Deposit Liability
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CY2014 us-gaap Stock Issued During Period Value New Issues
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CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2016 us-gaap Concentration Risk Credit Risk
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Concentration of Credit Risk</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents and tenant receivables.&#160;&#160;The Company places its cash and cash equivalents in excess of insured amounts with high quality financial institutions.&#160;&#160;The Company performs ongoing credit evaluations of its tenants and requires tenants to provide security deposits.</font></div></div>
CY2016 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain reclassifications have been made to the prior period consolidated financial statements and notes to conform to the current year presentation.</font></div></div>
CY2016 us-gaap Use Of Estimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the disclosure of contingent assets and liabilities, the reported amounts of assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the periods covered by the financial statements.&#160;&#160;The most significant assumptions and estimates relate to the purchase price allocations, depreciable lives, revenue recognition and the collectability of tenant receivables, other receivables, notes receivables, the valuation of performance-based restricted stock, and derivatives.&#160;&#160;Actual results could differ from these estimates.</font></div></div>

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