2015 Q2 Form 10-Q Financial Statement

#000161154715000020 Filed on August 12, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $78.72M $76.82M
YoY Change 2.47%
Cost Of Revenue $26.10M $26.70M
YoY Change -2.25%
Gross Profit $52.60M $50.10M
YoY Change 4.99%
Gross Profit Margin 66.82% 65.22%
Selling, General & Admin $7.200M $4.900M
YoY Change 46.94%
% of Gross Profit 13.69% 9.78%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $15.20M $13.70M
YoY Change 10.95%
% of Gross Profit 28.9% 27.35%
Operating Expenses $47.91M $45.35M
YoY Change 5.65%
Operating Profit $30.81M $31.47M
YoY Change -2.12%
Interest Expense -$13.20M -$13.10M
YoY Change 0.76%
% of Operating Profit -42.85% -41.62%
Other Income/Expense, Net $0.00
YoY Change
Pretax Income $17.62M $18.34M
YoY Change -3.96%
Income Tax $464.0K $319.0K
% Of Pretax Income 2.63% 1.74%
Net Earnings $16.16M $18.02M
YoY Change -10.3%
Net Earnings / Revenue 20.53% 23.45%
Basic Earnings Per Share $0.16 $0.18
Diluted Earnings Per Share $0.16 $0.18
COMMON SHARES
Basic Shares Outstanding 99.25M shares 99.25M shares
Diluted Shares Outstanding 99.27M shares 99.25M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $193.4M
YoY Change
Cash & Equivalents $193.4M $4.059M
Short-Term Investments
Other Short-Term Assets $5.200M
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $287.6M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $1.551B
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $40.30M
YoY Change
Total Long-Term Assets $1.642B
YoY Change
TOTAL ASSETS
Total Short-Term Assets $287.6M
Total Long-Term Assets $1.642B
Total Assets $1.929B
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $32.00M
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $32.00M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $1.250B
YoY Change
Other Long-Term Liabilities $168.4M
YoY Change
Total Long-Term Liabilities $1.418B
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $32.00M
Total Long-Term Liabilities $1.418B
Total Liabilities $1.450B
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$32.90M
YoY Change
Common Stock $993.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $0.00
YoY Change
Total Liabilities & Shareholders Equity $1.929B
YoY Change

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $16.16M $18.02M
YoY Change -10.3%
Depreciation, Depletion And Amortization $15.20M $13.70M
YoY Change 10.95%
Cash From Operating Activities $31.90M $25.60M
YoY Change 24.61%
INVESTING ACTIVITIES
Capital Expenditures -$14.70M -$3.000M
YoY Change 390.0%
Acquisitions
YoY Change
Other Investing Activities $2.200M $2.500M
YoY Change -12.0%
Cash From Investing Activities -$12.50M -$600.0K
YoY Change 1983.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -25.00M -25.10M
YoY Change -0.4%
NET CHANGE
Cash From Operating Activities 31.90M 25.60M
Cash From Investing Activities -12.50M -600.0K
Cash From Financing Activities -25.00M -25.10M
Net Change In Cash -5.600M -100.0K
YoY Change 5500.0%
FREE CASH FLOW
Cash From Operating Activities $31.90M $25.60M
Capital Expenditures -$14.70M -$3.000M
Free Cash Flow $46.60M $28.60M
YoY Change 62.94%

Facts In Submission

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CY2014Q2 us-gaap Interest And Debt Expense
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us-gaap Interest And Debt Expense
InterestAndDebtExpense
26268000 USD
CY2015Q2 us-gaap Interest And Debt Expense
InterestAndDebtExpense
13241000 USD
us-gaap Interest And Debt Expense
InterestAndDebtExpense
28410000 USD
CY2014Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
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us-gaap Interest Expense Debt
InterestExpenseDebt
25488000 USD
CY2015Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
12505000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
26990000 USD
us-gaap Interest Paid
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25543000 USD
us-gaap Interest Paid
InterestPaid
27387000 USD
CY2015Q2 us-gaap Inventory Real Estate Construction In Process
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79500000 USD
CY2014Q4 us-gaap Investment Building And Building Improvements
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CY2015Q2 us-gaap Investment Building And Building Improvements
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8000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
17000 USD
CY2015Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
51000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
62000 USD
CY2014Q4 us-gaap Land
Land
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CY2015Q2 us-gaap Land
Land
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us-gaap Lease And Rental Expense
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CY2015Q2 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
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us-gaap Lease And Rental Expense
LeaseAndRentalExpense
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CY2014Q4 us-gaap Liabilities
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1482666000 USD
CY2015Q2 us-gaap Liabilities
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CY2014Q4 us-gaap Liabilities And Stockholders Equity
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CY2015Q2 us-gaap Liabilities And Stockholders Equity
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1929422000 USD
CY2014Q2 us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
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6000 USD
us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
11000 USD
CY2014Q4 us-gaap Liabilities Fair Value Disclosure Nonrecurring
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0 USD
CY2015Q2 us-gaap Liabilities Fair Value Disclosure Nonrecurring
LiabilitiesFairValueDisclosureNonrecurring
0 USD
CY2014Q4 us-gaap Liabilities Fair Value Disclosure Recurring
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0 USD
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LiabilitiesFairValueDisclosureRecurring
0 USD
CY2014Q4 us-gaap Long Term Debt
LongTermDebt
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CY2015Q2 us-gaap Long Term Debt
LongTermDebt
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LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
17381000 USD
CY2015Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
99769000 USD
CY2015Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
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CY2015Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
16041000 USD
CY2014Q2 us-gaap Management Fees Revenue
ManagementFeesRevenue
134000 USD
CY2015Q2 us-gaap Management Fees Revenue
ManagementFeesRevenue
693000 USD
us-gaap Management Fees Revenue
ManagementFeesRevenue
1228000 USD
us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
0 USD
CY2015Q2 us-gaap Minority Interest Explanation Of Increase Decrease
MinorityInterestExplanationOfIncreaseDecrease
110721
CY2014Q4 us-gaap Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
0 USD
CY2015Q2 us-gaap Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
32954000 USD
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0.95
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
147491000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6056000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-19208000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
51479000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
62472000 USD
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
18018000 USD
us-gaap Net Income Loss
NetIncomeLoss
35929000 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
16162000 USD
us-gaap Net Income Loss
NetIncomeLoss
4699000 USD
CY2015Q2 us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
5000 USD
us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
11000 USD
CY2014Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
18018000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
35929000 USD
CY2015Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
16127000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4565000 USD
CY2014Q2 us-gaap Noncontrolling Interest In Net Income Loss Limited Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossLimitedPartnershipsRedeemable
0 USD
us-gaap Noncontrolling Interest In Net Income Loss Limited Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossLimitedPartnershipsRedeemable
0 USD
CY2015Q2 us-gaap Noncontrolling Interest In Net Income Loss Limited Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossLimitedPartnershipsRedeemable
986000 USD
us-gaap Noncontrolling Interest In Net Income Loss Limited Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossLimitedPartnershipsRedeemable
426000 USD
CY2015Q2 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2014Q2 us-gaap Operating Expenses
OperatingExpenses
45347000 USD
us-gaap Operating Expenses
OperatingExpenses
96211000 USD
CY2015Q2 us-gaap Operating Expenses
OperatingExpenses
47908000 USD
us-gaap Operating Expenses
OperatingExpenses
128009000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
63241000 USD
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
31473000 USD
CY2014Q4 us-gaap Other Liabilities
OtherLiabilities
6540000 USD
us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
3125000 USD
us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
7614000 USD
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
30807000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
34489000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
6863000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
7186000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
8515000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
8847000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
174598000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
193800000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
207523000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
215062000 USD
CY2014Q2 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
57626000 USD
us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
115050000 USD
CY2015Q2 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
57380000 USD
us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
114966000 USD
CY2015Q2 us-gaap Other Liabilities
OtherLiabilities
11889000 USD
CY2014Q4 us-gaap Other Minority Interests
OtherMinorityInterests
341000 USD
CY2015Q2 us-gaap Other Minority Interests
OtherMinorityInterests
352000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-844000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-746000 USD
CY2015Q2 us-gaap Other Ownership Interests Units Issued
OtherOwnershipInterestsUnitsIssued
5700000 shares
CY2014Q2 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
158000 USD
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
438000 USD
CY2015Q2 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
191000 USD
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
1550000 USD
us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
0 USD
us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
2452000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
150000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3198000 USD
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
30861000 USD
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
-231462000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
0 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
39617000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
2452000 USD
us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
0 USD
us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
15257000 USD
CY2014Q2 us-gaap Percentage Rent
PercentageRent
500000 USD
us-gaap Percentage Rent
PercentageRent
900000 USD
CY2015Q2 us-gaap Percentage Rent
PercentageRent
100000 USD
us-gaap Percentage Rent
PercentageRent
500000 USD
CY2014Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
10257000 USD
CY2015Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
7525000 USD
CY2014Q4 us-gaap Prepaid Insurance
PrepaidInsurance
2121000 USD
CY2015Q2 us-gaap Prepaid Insurance
PrepaidInsurance
1171000 USD
CY2014Q4 us-gaap Prepaid Rent
PrepaidRent
692000 USD
CY2015Q2 us-gaap Prepaid Rent
PrepaidRent
709000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
727000 USD
CY2015Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
389000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
712000 USD
CY2014Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
467503000 USD
CY2014Q2 us-gaap Revenues
Revenues
76820000 USD
us-gaap Revenues
Revenues
159452000 USD
CY2015Q2 us-gaap Revenues
Revenues
78715000 USD
us-gaap Revenues
Revenues
162498000 USD
CY2014Q4 us-gaap Security Deposit
SecurityDeposit
2983000 USD
CY2014Q4 us-gaap Prepaid Taxes
PrepaidTaxes
4298000 USD
CY2015Q2 us-gaap Prepaid Taxes
PrepaidTaxes
2992000 USD
us-gaap Prior Period Reclassification Adjustment
PriorPeriodReclassificationAdjustment
3300000 USD
CY2015Q1 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
225000000 USD
CY2014Q2 us-gaap Profit Loss
ProfitLoss
18024000 USD
us-gaap Profit Loss
ProfitLoss
35940000 USD
CY2015Q2 us-gaap Profit Loss
ProfitLoss
17153000 USD
us-gaap Profit Loss
ProfitLoss
5136000 USD
CY2014Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
358000 USD
CY2015Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
489256000 USD
CY2014Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2022804000 USD
CY2015Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2039934000 USD
CY2014Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1555301000 USD
CY2015Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1550678000 USD
CY2014Q2 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
12744000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
25410000 USD
CY2015Q2 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
12517000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
25341000 USD
CY2015Q2 us-gaap Reclassifications Of Temporary To Permanent Equity
ReclassificationsOfTemporaryToPermanentEquity
143700000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
15576000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
38704000 USD
CY2014Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
9967000 USD
CY2015Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
10792000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
0 USD
CY2015Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-32897000 USD
CY2015Q2 us-gaap Security Deposit
SecurityDeposit
2336000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2229000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
8269000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
33270 shares
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
0 shares
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0.00
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
0.00
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2296590 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
0 shares
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2296590 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.00
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
23.89
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.00
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
23.89
CY2015Q2 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit
23.52
CY2015Q2 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit
24.46
CY2015Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y8M1D
us-gaap Stock Granted During Period Value Sharebased Compensation Gross
StockGrantedDuringPeriodValueSharebasedCompensationGross
0 USD
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
0 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
0 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
258522000 USD
CY2015Q2 us-gaap Stockholders Equity
StockholdersEquity
0 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
258863000 USD
CY2015Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
478998000 USD
us-gaap Stockholders Equity Note Spinoff Transaction
StockholdersEquityNoteSpinoffTransaction
248799000 USD
us-gaap Straight Line Rent
StraightLineRent
800000 USD
us-gaap Straight Line Rent
StraightLineRent
27000 USD
CY2015Q2 us-gaap Subsidiary Of Limited Liability Company Or Limited Partnership Ownership Interest
SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest
0.058
us-gaap Subsidiary Of Limited Liability Company Or Limited Partnership Ownership Interest
SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest
0.057
CY2014Q2 us-gaap Tenant Reimbursements
TenantReimbursements
18902000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
43699000 USD
CY2015Q2 us-gaap Tenant Reimbursements
TenantReimbursements
20451000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
44754000 USD
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
99248000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
99248000 shares
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
99274000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
99265000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
99248000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
99248000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
99250000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
99249000 shares
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<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-style:italic;font-weight:bold;">Concentration of Credit Risk </font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;"> </font><font style="font-family:inherit;font-size:10pt;">A concentration of credit risk arises in our business when a national or regionally-based tenant occupies a substantial amount of space in multiple properties owned by us. In that event, if the tenant suffers a significant downturn in its business, it may become unable to make its contractual rent payments to us, exposing us to potential losses in rental revenue, expense recoveries, and percentage rent. Further, the impact may be magnified if the tenant is renting space in multiple locations. Generally, we do not obtain security from our national or regionally-based tenants in support of their lease obligations to us. We regularly monitor our tenant base to assess potential concentrations of credit risk.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<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-style:italic;font-weight:bold;">Use of Estimates </font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;"> </font><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 reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. </font></div></div>

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