2019 Q1 Form 10-K Financial Statement

#000114420419014669 Filed on March 18, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q4 2018 Q3
Revenue $1.293M $1.347M $1.298M
YoY Change 225.69% 236.75% 156.02%
Cost Of Revenue $680.0K $845.0K $598.0K
YoY Change 240.0% 181.67% 199.0%
Gross Profit $613.0K $502.0K $700.0K
YoY Change 206.5% 402.0% 133.33%
Gross Profit Margin 47.41% 37.27% 53.93%
Selling, General & Admin $1.397M $1.356M $1.365M
YoY Change -6.87% -9.6% -14.69%
% of Gross Profit 227.9% 270.12% 195.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $940.0K $626.0K $402.0K
YoY Change 628.68% 317.33% 559.02%
% of Gross Profit 153.34% 124.7% 57.43%
Operating Expenses $3.225M $3.113M $3.376M
YoY Change 72.64% 51.41% -37.0%
Operating Profit -$1.932M -$1.766M -$2.078M
YoY Change 31.34% 6.64% -57.17%
Interest Expense -$200.0K -$206.0K -$200.0K
YoY Change 100.0% -151.5% -50.0%
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00
YoY Change
Pretax Income -$2.132M -$1.972M -$2.304M
YoY Change 38.89% 56.51% -56.31%
Income Tax $81.00K $214.0K $26.00K
% Of Pretax Income
Net Earnings -$2.213M -$2.186M -$2.304M
YoY Change 42.04% -215.78% 58.68%
Net Earnings / Revenue -171.15% -162.29% -177.5%
Basic Earnings Per Share
Diluted Earnings Per Share -$69.60K -$69.08K -$72.82K
COMMON SHARES
Basic Shares Outstanding 31.84M 31.65M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q1 2018 Q4 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.884M $11.50M $14.62M
YoY Change -64.18% -24.86% -58.11%
Cash & Equivalents $8.884M $11.50M $14.62M
Short-Term Investments
Other Short-Term Assets $1.050M $1.616M $2.127M
YoY Change -34.38% -4.94% 93.36%
Inventory
Prepaid Expenses
Receivables $3.320M $3.413M $3.371M
Other Receivables $567.0K $584.0K $566.0K
Total Short-Term Assets $13.82M $17.11M $20.68M
YoY Change -54.39% -18.53% -43.64%
LONG-TERM ASSETS
Property, Plant & Equipment $230.0M $213.1M $181.9M
YoY Change 166.52% 179.25% 209.33%
Goodwill
YoY Change
Intangibles $10.47M $10.65M $10.84M
YoY Change
Long-Term Investments $11.29M $11.53M $11.78M
YoY Change -8.19% -7.79% -8.67%
Other Assets $11.50M $2.529M $2.585M
YoY Change 13.84% -71.58% -79.32%
Total Long-Term Assets $264.9M $239.7M $209.3M
YoY Change 138.39% 139.62% 143.97%
TOTAL ASSETS
Total Short-Term Assets $13.82M $17.11M $20.68M
Total Long-Term Assets $264.9M $239.7M $209.3M
Total Assets $278.7M $256.8M $230.0M
YoY Change 97.08% 112.17% 87.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.39M $20.98M $13.61M
YoY Change 35.29% 57.77% 172.2%
Accrued Expenses $2.315M $0.00 $0.00
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 $76.31M $70.23M $50.87M
YoY Change 150.21% 428.05% 917.3%
LONG-TERM LIABILITIES
Long-Term Debt $141.7M $123.3M $114.0M
YoY Change 243.92% 240.7% 136.02%
Other Long-Term Liabilities $3.534M $3.738M $3.155M
YoY Change -11.65% -11.0% -35.61%
Total Long-Term Liabilities $145.2M $127.1M $117.2M
YoY Change 221.31% 214.53% 120.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $76.31M $70.23M $50.87M
Total Long-Term Liabilities $145.2M $127.1M $117.2M
Total Liabilities $221.5M $197.3M $168.0M
YoY Change 192.66% 267.24% 188.69%
SHAREHOLDERS EQUITY
Retained Earnings -$16.03M -$15.47M -$13.28M
YoY Change 104.12%
Common Stock $133.5M $133.2M $132.8M
YoY Change 1.48%
Preferred Stock
YoY Change
Treasury Stock (at cost) $55.32M $54.76M $54.75M
YoY Change 2.03%
Treasury Stock Shares $5.648M $5.514M 5.512M shares
Shareholders Equity $57.13M $59.46M $61.99M
YoY Change
Total Liabilities & Shareholders Equity $278.7M $256.8M $230.0M
YoY Change 97.08% 112.17% 87.76%

Cashflow Statement

Concept 2019 Q1 2018 Q4 2018 Q3
OPERATING ACTIVITIES
Net Income -$2.213M -$2.186M -$2.304M
YoY Change 42.04% -215.78% 58.68%
Depreciation, Depletion And Amortization $940.0K $626.0K $402.0K
YoY Change 628.68% 317.33% 559.02%
Cash From Operating Activities -$318.0K $623.0K -$124.0K
YoY Change -89.03% -91.69% -96.81%
INVESTING ACTIVITIES
Capital Expenditures -$21.89M -$24.54M -$12.82M
YoY Change 97.03% 152.74% 288.42%
Acquisitions
YoY Change
Other Investing Activities $11.36M $11.99M $10.39M
YoY Change -44.82% 48.05% 45.65%
Cash From Investing Activities -$10.53M -$12.55M -$2.433M
YoY Change -211.22% 679.44% -163.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $563.0K
YoY Change 4.07%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 17.21M 8.746M 3.433M
YoY Change 311.48% -170.93% -1207.42%
NET CHANGE
Cash From Operating Activities -318.0K 623.0K -124.0K
Cash From Investing Activities -10.53M -12.55M -2.433M
Cash From Financing Activities 17.21M 8.746M 3.433M
Net Change In Cash 6.357M -3.180M 876.0K
YoY Change -40.88% -142.4% -330.53%
FREE CASH FLOW
Cash From Operating Activities -$318.0K $623.0K -$124.0K
Capital Expenditures -$21.89M -$24.54M -$12.82M
Free Cash Flow $21.57M $25.16M $12.69M
YoY Change 162.75% 46.22% -2251.53%

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CY2016 tphs Write Off Of Costs Relating To Demolished Asset
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0
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
2782000
CY2016 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0
CY2016 us-gaap Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
343000
CY2016 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-308000
CY2016 tphs Distribution Of Cumulative Earnings From Unconsolidated Joint Venture
DistributionOfCumulativeEarningsFromUnconsolidatedJointVenture
39000
CY2016 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
189000
CY2016 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
472000
CY2016 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1544000
CY2016 us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
-1388000
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-14754000
CY2016 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
11928000
CY2016 tphs Payments For Real Estate Deposits
PaymentsForRealEstateDeposits
0
CY2016 us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
0
CY2016 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
14286000
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-26214000
CY2016 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
9100000
CY2016 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
453000
CY2016 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1966000
CY2016 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
880000
CY2016 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-33407000
CY2015Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41773000
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
38173000
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
3600000
CY2016 us-gaap Interest Paid Net
InterestPaidNet
2073000
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
197000
CY2016 tphs Accrued Development Costs Included In Accounts Payable And Accrued Expenses
AccruedDevelopmentCostsIncludedInAccountsPayableAndAccruedExpenses
1195000
CY2016 tphs Capitalized Amortization Of Deferred Financing Costs And Lease Commissions
CapitalizedAmortizationOfDeferredFinancingCostsAndLeaseCommissions
345000
CY2016 tphs Capitalized Stock Based Compensation Expense
CapitalizedStockBasedCompensationExpense
5024000
CY2018Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
216672000
CY2017Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
78658000
CY2018Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
3608000
CY2017Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
2389000
CY2018 us-gaap Depreciation
Depreciation
1200000
CY2017 us-gaap Depreciation
Depreciation
246000
CY2018Q2 tphs Total Purchase Price Of Property
TotalPurchasePriceOfProperty
81200000
CY2018Q4 tphs Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Land And Land Improvements
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLandAndLandImprovements
27939000
CY2018Q4 tphs Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Building And Building Improvements
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildingAndBuildingImprovements
41297000
CY2018Q4 tphs Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Tenant Improvements
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedTenantImprovements
125000
CY2018Q4 tphs Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Furniture And Fixtures
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFurnitureAndFixtures
694000
CY2018Q4 tphs Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Real Estate Tax Abatement
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRealEstateTaxAbatement
11100000
CY2018Q4 tphs Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Acquired In Places Leases
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAcquiredInPlacesLeases
1090000
CY2018Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
82245000
CY2018Q4 tphs Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Below Market Lease Value
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBelowMarketLeaseValue
285000
CY2018Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
285000
CY2018 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
81960000
CY2018Q4 us-gaap Finite Lived Trademarks Gross
FiniteLivedTrademarksGross
2090000
CY2017Q4 us-gaap Finite Lived Trademarks Gross
FiniteLivedTrademarksGross
2090000
CY2018Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1616000
CY2017Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1673000
CY2018Q4 tphs Lease Commissions
LeaseCommissions
1309000
CY2017Q4 tphs Lease Commissions
LeaseCommissions
1297000
CY2018Q4 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
2052000
CY2017Q4 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
1203000
CY2018Q4 tphs Prepaid Expense And Other Assets Gross
PrepaidExpenseAndOtherAssetsGross
7067000
CY2017Q4 tphs Prepaid Expense And Other Assets Gross
PrepaidExpenseAndOtherAssetsGross
6263000
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3569000
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2204000
CY2018Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
3498000
CY2017Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
4059000
CY2018 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
152000
CY2017Q1 us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2019-02-22
CY2018 us-gaap Interest Costs Incurred
InterestCostsIncurred
6848000
CY2017 us-gaap Interest Costs Incurred
InterestCostsIncurred
2488000
CY2016 us-gaap Interest Costs Incurred
InterestCostsIncurred
2110000
CY2018 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
6848000
CY2017 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
2488000
CY2016 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
1929000
CY2018 us-gaap Interest Income Other
InterestIncomeOther
212000
CY2017 us-gaap Interest Income Other
InterestIncomeOther
215000
CY2016 us-gaap Interest Income Other
InterestIncomeOther
223000
CY2018 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
212000
CY2017 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
215000
CY2016 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
42000
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1621235
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
36803218
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
541319
CY2017Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
614500
CY2016Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0
CY2018 us-gaap Deferred Compensation Arrangement With Individual Shares Issued
DeferredCompensationArrangementWithIndividualSharesIssued
14336
CY2018 us-gaap Deferred Compensation Arrangement With Individual Exercise Price
DeferredCompensationArrangementWithIndividualExercisePrice
6.73
CY2017 us-gaap Deferred Compensation Arrangement With Individual Shares Issued
DeferredCompensationArrangementWithIndividualSharesIssued
5643
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
472567
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
6.20
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
888531
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
6.23
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
381167
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
6.39
CY2017 us-gaap Deferred Compensation Arrangement With Individual Exercise Price
DeferredCompensationArrangementWithIndividualExercisePrice
6.88
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
340760
CY2018Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
677734
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
6.44
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1220097
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
6.65
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
176000
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6.49
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
1289669
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6.02
CY2018 tphs Defined Benefit Plan Cost Of Providing Standard Termination Benefit Recognized During Period
DefinedBenefitPlanCostOfProvidingStandardTerminationBenefitRecognizedDuringPeriod
2800000
CY2017 tphs Defined Benefit Plan Cost Of Providing Standard Termination Benefit Recognized During Period
DefinedBenefitPlanCostOfProvidingStandardTerminationBenefitRecognizedDuringPeriod
2500000
CY2012Q1 tphs Defined Benefit Plan Cost Of Providing Standard Termination Benefit Recognized During Period
DefinedBenefitPlanCostOfProvidingStandardTerminationBenefitRecognizedDuringPeriod
15000000
CY2018Q4 us-gaap Multiemployer Plans Withdrawal Obligation
MultiemployerPlansWithdrawalObligation
203000
CY2012Q3 us-gaap Multiemployer Plans Minimum Contribution
MultiemployerPlansMinimumContribution
6000000
CY2017 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
33700000
CY2017Q4 us-gaap Tax Credit Carryforward Valuation Allowance
TaxCreditCarryforwardValuationAllowance
3100000
CY2017Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
3100000
CY2018Q4 tphs Capital Stock Shares Authorised
CapitalStockSharesAuthorised
120000000
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
6.38
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
48600
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
7.46
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
992101
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
6.45
CY2018Q4 tphs Deferred Compensation Arrangement With Individual Shares Outstanding
DeferredCompensationArrangementWithIndividualSharesOutstanding
19979
CY2018Q4 srt Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
123333000
CY2018Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
30391000
CY2018Q4 tphs Real Estate And Accumulated Depreciation Initial Cost Of Air Rights
RealEstateAndAccumulatedDepreciationInitialCostOfAirRights
18182000
CY2018Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
45884000
CY2018Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Carrying Costs
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts
122215000
CY2018Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
30391000
CY2018Q4 tphs Real Estate And Accumulated Depreciation Carrying Amount Of Air Rights
RealEstateAndAccumulatedDepreciationCarryingAmountOfAirRights
137666000
CY2018Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
48615000
CY2018Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
216672000
CY2018Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
3608000
CY2018 us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
138014000
CY2017 us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
28522000
CY2018Q4 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
1
CY2017Q4 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
1
CY2018Q4 us-gaap Excess Stock Shares Outstanding
ExcessStockSharesOutstanding
1
CY2017Q4 us-gaap Excess Stock Shares Outstanding
ExcessStockSharesOutstanding
1
CY2018Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2018Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
79999997
CY2018Q4 us-gaap Excess Stock Shares Authorized
ExcessStockSharesAuthorized
1
CY2017Q4 tphs Excess Stock Par Or Stated Value Per Share
ExcessStockParOrStatedValuePerShare
0.01
CY2017Q4 us-gaap Excess Stock Shares Authorized
ExcessStockSharesAuthorized
1
CY2018 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
0
CY2017 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
10806000
CY2018 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
0
CY2017 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
1585000
CY2018Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2018Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2
CY2018Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2018Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2018Q4 tphs Excess Stock Par Or Stated Value Per Share
ExcessStockParOrStatedValuePerShare
0.01
CY2018Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
37161068
CY2017Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2017Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
79999997
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
36803218
CY2018Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
31647284
CY2017Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
31451796
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
5351422
CY2018 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-786000
CY2017 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
429000
CY2016 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-824000
CY2018 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-8675000
CY2017 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1592000
CY2016 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-8260000
CY2018Q1 us-gaap Revenues
Revenues
397000
CY2018Q2 us-gaap Revenues
Revenues
673000
CY2018Q3 us-gaap Revenues
Revenues
1298000
CY2018Q4 us-gaap Revenues
Revenues
1347000
CY2018Q1 us-gaap Operating Expenses
OperatingExpenses
1868000
CY2018Q2 us-gaap Operating Expenses
OperatingExpenses
2441000
CY2018Q3 us-gaap Operating Expenses
OperatingExpenses
3376000
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-2078000
CY2018Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-1766000
CY2018Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-117000
CY2018Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-139000
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-1768000
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
26000
CY2018Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
214000
CY2018Q4 us-gaap Operating Expenses
OperatingExpenses
3113000
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-1471000
CY2018Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-236000
CY2018Q4 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-236000
CY2018Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
23000
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
27000
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
-1841000
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
-2304000
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
-2186000
CY2018Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.05
CY2018Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-1535000
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-1814000
CY2017Q4 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
-345000
CY2017Q2 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
0
CY2017Q3 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
0
CY2017Q4 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
0
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1707000
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-5273000
CY2017Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1260000
CY2017Q2 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0
CY2017Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
3853000
CY2017Q4 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
69000
CY2017Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
32000
CY2017Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3148000
CY2018Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.06
CY2018Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.07
CY2018Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.07
CY2018Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
31531000
CY2018Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
31612000
CY2018Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
31639000
CY2018Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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CY2018 us-gaap Basis Of Accounting
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<div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">NOTE 1 &#8211; BASIS OF PRESENTATION</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">General Business Plan</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;">Trinity Place Holdings Inc. (&#8220;Trinity,&#8221; &#8220;we,&#8221; &#8220;our,&#8221; or &#8220;us&#8221;) is a real estate holding, investment and asset management company. Our business is primarily to acquire, invest in, own, manage, develop or redevelop and sell real estate assets and/or real estate related securities. Our largest asset is currently a property located at 77 Greenwich Street in Lower Manhattan (&#8220;77 Greenwich&#8221;). 77 Greenwich was a vacant building that was demolished and is under development as a mixed-use project consisting of a residential condominium tower, retail space and a New York City elementary school. We also own a newly built 105-unit, 12-story apartment building located at 237 11<div style="color: rgb(0, 0, 0); font-family: 'times new roman', times, serif; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;;vertical-align: super;font-size: smaller;display:inline;">th</div>&#160;Street, Brooklyn, New York (&#8220;237 11<div style="color: rgb(0, 0, 0); font-family: 'times new roman', times, serif; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;;vertical-align: super;font-size: smaller;display:inline;">th</div>&#8221;), acquired in May 2018, and, through a joint venture, <div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> a 50% interest in a newly constructed 95-unit multi-family property, known as The Berkley, located at 223 North 8<div style="vertical-align: super;font-size: smaller;display:inline;">th</div> Street, Brooklyn, New York, as well as a retail strip center located in West Palm Beach, Florida, and a property&#160;occupied by a retail tenant in Paramus, New Jersey. We continue to evaluate new investment&#160;opportunities.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">We also control a variety of intellectual property assets focused on the consumer sector, a legacy of our predecessor, Syms Corp. (&#8220;Syms&#8221;), including our on-line marketplace at FilenesBasement.com, our rights to the Stanley Blacker&#174; brand, as well as the intellectual property associated with the Running of the Brides&#174; event and An Educated Consumer is Our Best Customer&#174; slogan. We also had approximately $222.0 million of federal net operating loss carryforwards (&#8220;NOLs&#8221;) at December 31, 2018, which can be used to reduce our future taxable income.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Trinity is the successor to Syms, which also owned Filene&#8217;s Basement. Syms and its subsidiaries filed for relief under the United States Bankruptcy Code in 2011. In September 2012, the Syms Plan of Reorganization (the &#8220;Plan&#8221;) became effective and Syms and its subsidiaries consummated their reorganization under Chapter 11 through a series of transactions contemplated by the Plan and emerged from bankruptcy. As part of those transactions, reorganized Syms merged with and into Trinity, with Trinity as the surviving corporation. We completed our final remaining payment and reserve obligations under the Plan in March 2016.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On January 18, 2018, Syms and certain of its subsidiaries (together, the &#8220;Reorganized Debtors&#8221;) filed with the Bankruptcy Court for the District of Delaware (the &#8220;Bankruptcy Court&#8221;) a motion (the &#8220;Motion&#8221;) for entry of a final decree (the &#8220;Final Decree&#8221;) (i) closing the chapter 11 cases of the Reorganized Debtors; (ii) terminating the services of the claims and noticing agent; and (iii) retaining the Bankruptcy Court&#8217;s jurisdiction as provided for in the Plan, including to enforce or interpret its own orders pertaining to the chapter 11 cases including, but not limited to, the Plan and Final Decree. On the same date, the Reorganized Debtors filed a Final Report in support of the Motion. On February 6, 2018, the Bankruptcy Court entered the Final Decree pursuant to which the chapter 11 cases of the Reorganized Debtors were closed.</div></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
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106000
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CY2018 tphs Reduction Of Claims Liability
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CY2017 tphs Reduction Of Claims Liability
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CY2017 tphs Increase Decrease In Contractual Obligation
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CY2018 us-gaap Use Of Estimates
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CY2018 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
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CY2018 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
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14100000
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CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
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1619000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
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932000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
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