2017 Q1 Form 10-K Financial Statement

#000152754117000013 Filed on February 28, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2015 Q4 2015 Q3
Revenue $14.32M $9.234M $7.230M
YoY Change 56.73% 71.31% 106.18%
Cost Of Revenue $3.990M $2.830M $2.120M
YoY Change 48.88% 117.69% 92.73%
Gross Profit $10.33M $6.400M $5.110M
YoY Change 59.91% 56.48% 112.03%
Gross Profit Margin 72.13% 69.31% 70.68%
Selling, General & Admin $2.500M $2.980M $5.200M
YoY Change -6.02% -29.72% 72.19%
% of Gross Profit 24.2% 46.56% 101.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.670M $5.160M $1.479M
YoY Change 54.34% 115.9% -0.09%
% of Gross Profit 25.85% 80.63% 28.94%
Operating Expenses $13.15M $8.170M $12.31M
YoY Change 27.64% 22.31% 100.65%
Operating Profit $1.173M -$1.764M -$5.078M
YoY Change -200.77% -31.89% 93.28%
Interest Expense $4.177M -$2.590M $2.328M
YoY Change 72.6% 32.14% 56.09%
% of Operating Profit 356.1%
Other Income/Expense, Net
YoY Change
Pretax Income -$2.648M -$4.350M -$7.376M
YoY Change -26.1% -4.4% 79.07%
Income Tax $41.00K $0.00
% Of Pretax Income
Net Earnings -$1.119M -$2.180M -$6.730M
YoY Change -65.35% -46.17% 91.49%
Net Earnings / Revenue -7.81% -23.61% -93.09%
Basic Earnings Per Share
Diluted Earnings Per Share -$131.0K -$262.3K -$850.8K
COMMON SHARES
Basic Shares Outstanding 66.26M shares 66.16M shares 65.92M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q1 2015 Q4 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.700M $10.70M $8.000M
YoY Change -32.86% 7.0% -59.8%
Cash & Equivalents $4.664M $10.48M $7.781M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $3.370M $2.970M $2.143M
Other Receivables $3.300M
Total Short-Term Assets $9.600M $14.20M $10.10M
YoY Change -4.95% 18.33% -53.46%
LONG-TERM ASSETS
Property, Plant & Equipment $386.7M $238.8M $238.2M
YoY Change 62.82% 85.12% 73.24%
Goodwill $5.486M $5.486M $5.486M
YoY Change 0.0% -21.63%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $55.80M $44.30M $78.10M
YoY Change 30.37% -15.62% 457.86%
Total Long-Term Assets $471.9M $295.0M $328.9M
YoY Change 61.71% 52.89% 97.48%
TOTAL ASSETS
Total Short-Term Assets $9.600M $14.20M $10.10M
Total Long-Term Assets $471.9M $295.0M $328.9M
Total Assets $481.5M $309.2M $339.0M
YoY Change 59.48% 50.87% 80.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.30M $7.500M $9.200M
YoY Change 89.23% 47.06% 73.58%
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 $12.30M $7.500M $9.200M
YoY Change 89.23% 47.06% 73.58%
LONG-TERM LIABILITIES
Long-Term Debt $305.9M $184.6M $186.3M
YoY Change 65.35% 50.94% 43.53%
Other Long-Term Liabilities $11.90M $9.700M $30.20M
YoY Change 29.35% -60.41% 9966.67%
Total Long-Term Liabilities $317.8M $194.3M $216.5M
YoY Change 63.65% 32.36% 66.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.30M $7.500M $9.200M
Total Long-Term Liabilities $317.8M $194.3M $216.5M
Total Liabilities $330.1M $201.9M $225.7M
YoY Change 64.43% 32.95% 66.62%
SHAREHOLDERS EQUITY
Retained Earnings -$177.6M -$140.3M -$134.1M
YoY Change 20.37% 407.25% 519.41%
Common Stock $86.00K $662.6K $661.5K
YoY Change -87.03% 781.94% 789.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $88.82M $98.26M $103.9M
YoY Change
Total Liabilities & Shareholders Equity $481.5M $309.2M $339.0M
YoY Change 59.48% 50.87% 80.09%

Cashflow Statement

Concept 2017 Q1 2015 Q4 2015 Q3
OPERATING ACTIVITIES
Net Income -$1.119M -$2.180M -$6.730M
YoY Change -65.35% -46.17% 91.49%
Depreciation, Depletion And Amortization $2.670M $5.160M $1.479M
YoY Change 54.34% 115.9% -0.09%
Cash From Operating Activities $6.492M -$2.890M $7.320M
YoY Change 933.76% -1132.14% -336.13%
INVESTING ACTIVITIES
Capital Expenditures $494.0K -$270.0K -$42.13M
YoY Change 33.88% -95.88% 268.91%
Acquisitions
YoY Change
Other Investing Activities $1.870M $8.510M -$320.0K
YoY Change 4575.0%
Cash From Investing Activities $1.377M $8.240M -$42.45M
YoY Change -514.76% -225.8% 271.72%
FINANCING ACTIVITIES
Cash Dividend Paid $6.193M
YoY Change 49.48%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$8.396M -2.660M -6.100M
YoY Change 110.06% -26.52% -133.63%
NET CHANGE
Cash From Operating Activities $6.492M -2.890M 7.320M
Cash From Investing Activities $1.377M 8.240M -42.45M
Cash From Financing Activities -$8.396M -2.660M -6.100M
Net Change In Cash -$527.0K 2.690M -41.23M
YoY Change -85.76% -127.2% -1238.95%
FREE CASH FLOW
Cash From Operating Activities $6.492M -$2.890M $7.320M
Capital Expenditures $494.0K -$270.0K -$42.13M
Free Cash Flow $5.998M -$2.620M $49.45M
YoY Change 2215.83% -138.36% 494.35%

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0.00
CY2015Q4 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic And Diluted Share
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0.03
CY2015 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic And Diluted Share
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0.06
CY2016Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic And Diluted Share
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0.00
CY2016Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic And Diluted Share
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0.01
CY2016Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic And Diluted Share
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0.00
CY2016Q4 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic And Diluted Share
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0.00
CY2016 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic And Diluted Share
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0.01
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6807314 USD
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23414677 USD
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20041265 USD
CY2016Q4 us-gaap Dividends Payable Amount Per Share
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0.0175
CY2016Q4 us-gaap Dividends Payable Current And Noncurrent
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1300000 USD
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482320 USD
CY2016Q4 us-gaap Due From Related Parties Current
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1456131 USD
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-1.80
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-2.67
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-0.24
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-1181250 USD
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158876 USD
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361984 USD
CY2016 us-gaap Fees And Commissions Other
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963936 USD
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16600000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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28550000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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13845767 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling After Year Five
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8738078 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Five
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3112097 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Four
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4865417 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Three
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7108853 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Two
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10123392 USD
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47793604 USD
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0 USD
CY2015 us-gaap Gain Loss On Sale Of Properties
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2104114 USD
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688289 USD
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9447010 USD
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GeneralAndAdministrativeExpense
13415961 USD
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9924361 USD
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7004072 USD
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Goodwill
5485823 USD
CY2016Q4 us-gaap Goodwill
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5485823 USD
CY2014Q4 us-gaap Goodwill
Goodwill
7000000 USD
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5485823 USD
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-1181250 USD
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0 USD
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-336999 USD
CY2016 us-gaap Goodwill Transfers
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0 USD
CY2014 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
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-1195560 USD
CY2015 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
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-1252723 USD
CY2016 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
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-1035456 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-12053474 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-21377297 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-12955310 USD
CY2014 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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-12053474 USD
CY2015Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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-4269556 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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-5379720 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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-7375650 USD
CY2015Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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-4352371 USD
CY2015 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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-21377297 USD
CY2016Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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-3582307 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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-3755583 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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-1673056 USD
CY2016Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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-4051828 USD
CY2016 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-13062774 USD
CY2014 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
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-1.83
CY2015Q1 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
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-0.81
CY2015Q2 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
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-4.13
CY2015Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
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-0.35
CY2015Q4 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
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-0.07
CY2015 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-2.73
CY2016Q1 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
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-0.06
CY2016Q2 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.06
CY2016Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
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-0.04
CY2016Q4 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.09
CY2016 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.25
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
107464 USD
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-384109 USD
CY2015 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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78967 USD
CY2016 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2475526 USD
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681699 USD
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9547 USD
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973811 USD
CY2014 us-gaap Increase Decrease In Leasing Receivables
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-369380 USD
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1449996 USD
CY2016 us-gaap Increase Decrease In Leasing Receivables
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1065240 USD
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-1446276 USD
CY2015 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1828519 USD
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IncreaseDecreaseInOtherOperatingAssets
695486 USD
CY2014 us-gaap Increase Decrease In Restricted Cash
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1433055 USD
CY2015 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
1926753 USD
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IncreaseDecreaseInRestrictedCash
1401290 USD
CY2014 us-gaap Increase Decrease In Restricted Cash For Operating Activities
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674021 USD
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IncreaseDecreaseInRestrictedCashForOperatingActivities
1293825 USD
CY2016 us-gaap Increase Decrease In Restricted Cash For Operating Activities
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657904 USD
CY2014 us-gaap Increase Decrease In Unbilled Receivables
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234066 USD
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258037 USD
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383817 USD
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InterestExpense
5908548 USD
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InterestExpense
9043761 USD
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InterestExpense
13356111 USD
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23315 USD
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InterestIncomeOperating
118747 USD
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InterestIncomeOperating
691937 USD
CY2014 us-gaap Interest Paid
InterestPaid
5711110 USD
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InterestPaid
8310322 USD
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InterestPaid
11014514 USD
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12353963 USD
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11419859 USD
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201876504 USD
CY2016Q4 us-gaap Liabilities
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331323698 USD
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309243242 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
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489046335 USD
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1992318 USD
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1350000 USD
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3000000 USD
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3000000 USD
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176490345 USD
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17447169 USD
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17450000 USD
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1651389 USD
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9089332 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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26377589 USD
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82642065 USD
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MarketingAndAdvertisingExpense
177000 USD
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MarketingAndAdvertisingExpense
218000 USD
CY2016 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
228000 USD
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9101886 USD
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10359166 USD
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0.0425
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30844017 USD
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60822853 USD
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44480163 USD
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CY2014 us-gaap Net Cash Provided By Used In Operating Activities
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10442931 USD
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-17520679 USD
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-11202570 USD
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-13268512 USD
CY2015Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-6263036 USD
CY2015Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2015Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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-22134127 USD
CY2015Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
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-2686430 USD
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CY2016Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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-3740206 USD
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NetIncomeLossAvailableToCommonStockholdersBasic
-3210128 USD
CY2016Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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-2752056 USD
CY2016Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
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-6213349 USD
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-15915739 USD
CY2016Q4 us-gaap Net Rentable Area
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4907000 sqft
CY2014 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
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46678328 USD
CY2015 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
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77002464 USD
CY2016 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
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134397750 USD
CY2014 us-gaap Notes Issued1
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0 USD
CY2015 us-gaap Notes Issued1
NotesIssued1
0 USD
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NotesIssued1
1000000 USD
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12000000 USD
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0 USD
CY2016Q4 us-gaap Notes Receivable Related Parties Noncurrent
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12000000 USD
CY2016Q4 us-gaap Number Of Real Estate Properties
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64 Buildings
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7721335 USD
CY2016Q4 us-gaap Off Market Lease Unfavorable
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12680405 USD
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21019019 USD
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40067741 USD
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47121556 USD
CY2014 us-gaap Operating Leases Income Statement Lease Revenue
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11348955 USD
CY2015 us-gaap Operating Leases Income Statement Lease Revenue
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20553870 USD
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OperatingExpenses
44451544 USD
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CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2015Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-1764080 USD
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
-12452283 USD
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-1163630 USD
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-14371 USD
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
1667119 USD
CY2016Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-780254 USD
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
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12453519 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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478788 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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426805 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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492632 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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524142 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable
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CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable Current
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43424296 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
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17092466 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
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23595593 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
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30807419 USD
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37556763 USD
CY2016 us-gaap Operating Leases Income Statement Lease Revenue
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33164924 USD
CY2014 us-gaap Origination Of Notes Receivable From Related Parties
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0 USD
CY2015 us-gaap Origination Of Notes Receivable From Related Parties
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0 USD
CY2016 us-gaap Origination Of Notes Receivable From Related Parties
OriginationOfNotesReceivableFromRelatedParties
9404159 USD
CY2015Q4 us-gaap Other Accounts Payable And Accrued Liabilities
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CY2016Q4 us-gaap Other Accounts Payable And Accrued Liabilities
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11320614 USD
CY2015Q4 us-gaap Other Assets
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588464 USD
CY2016Q4 us-gaap Other Assets
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516689 USD
CY2014 us-gaap Other Noncash Income Expense
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-611927 USD
CY2015 us-gaap Other Noncash Income Expense
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-1190574 USD
CY2016 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-2125582 USD
CY2014 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
0 USD
CY2015 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
2655474 USD
CY2016 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
513562 USD
CY2014 us-gaap Other Sales Revenue Net
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3046657 USD
CY2015 us-gaap Other Sales Revenue Net
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6110614 USD
CY2016 us-gaap Other Sales Revenue Net
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9176691 USD
CY2014 us-gaap Payments For Repurchase Of Convertible Preferred Stock
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0 USD
CY2015 us-gaap Payments For Repurchase Of Convertible Preferred Stock
PaymentsForRepurchaseOfConvertiblePreferredStock
25 USD
CY2016 us-gaap Payments For Repurchase Of Convertible Preferred Stock
PaymentsForRepurchaseOfConvertiblePreferredStock
0 USD
CY2014 us-gaap Payments Of Dividends
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5432518 USD
CY2015 us-gaap Payments Of Dividends
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14192289 USD
CY2016 us-gaap Payments Of Dividends
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17692166 USD
CY2014 us-gaap Payments Of Financing Costs
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1261258 USD
CY2015 us-gaap Payments Of Financing Costs
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2768152 USD
CY2016 us-gaap Payments Of Financing Costs
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5173977 USD
CY2014 us-gaap Payments To Acquire Commercial Real Estate
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17640587 USD
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CY2015 us-gaap Payments To Acquire Property Plant And Equipment
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CY2016 us-gaap Payments To Acquire Property Plant And Equipment
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ProfessionalFees
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ProfitLoss
-11745815 USD
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ProfitLoss
-18773402 USD
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ProfitLoss
-12238026 USD
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PropertyManagementFeePercentFee
0.03
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PropertyManagementFeeRevenue
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PropertyManagementFeeRevenue
854857 USD
CY2014 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
60841 USD
CY2015 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
243029 USD
CY2016 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
424925 USD
CY2016Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
20488542 USD
CY2016Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
307443425 USD
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RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
102142199 USD
CY2016Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Carrying Costs
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts
0 USD
CY2016Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements
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6247573 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
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-140306846 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-170377414 USD
CY2014 us-gaap Revenues
Revenues
14850778 USD
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Revenues
5142686 USD
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Revenues
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Revenues
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Revenues
9233600 USD
CY2015 us-gaap Revenues
Revenues
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CY2016Q1 us-gaap Revenues
Revenues
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CY2016Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
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301685744 USD
CY2016Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
101652307 USD
CY2015 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
23048205 USD
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RealEstateCostOfRealEstateSold
2057533 USD
CY2014Q4 us-gaap Real Estate Gross At Carrying Value
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160627402 USD
CY2015Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
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CY2016Q4 us-gaap Real Estate Gross At Carrying Value
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CY2015 us-gaap Real Estate Improvements
RealEstateImprovements
1301313 USD
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RealEstateImprovements
1787071 USD
CY2015Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
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12704944 USD
CY2016Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
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20481740 USD
CY2015Q4 us-gaap Real Estate Investment Property At Cost
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251469575 USD
CY2016Q4 us-gaap Real Estate Investment Property At Cost
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CY2016Q4 us-gaap Real Estate Investment Property Net
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388880290 USD
CY2015 us-gaap Real Estate Other Acquisitions
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113950630 USD
CY2016 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
157024946 USD
CY2015 us-gaap Reclassifications Of Temporary To Permanent Equity
ReclassificationsOfTemporaryToPermanentEquity
86415894 USD
CY2014 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
8036354 USD
CY2015 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
17033559 USD
CY2016 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
30005758 USD
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
7592984 USD
CY2016Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
9652178 USD
CY2016Q2 us-gaap Revenues
Revenues
11084373 USD
CY2016Q3 us-gaap Revenues
Revenues
11910678 USD
CY2016Q4 us-gaap Revenues
Revenues
12027833 USD
CY2016 us-gaap Revenues
Revenues
44160408 USD
CY2014 us-gaap Salaries Wages And Officers Compensation
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1326434 USD
CY2015 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
3376402 USD
CY2016 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
3726996 USD
CY2015Q4 us-gaap Secured Debt
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184629082 USD
CY2016Q4 us-gaap Secured Debt
SecuredDebt
305972679 USD
CY2016Q3 us-gaap Secured Debt
SecuredDebt
4100000 USD
CY2014 us-gaap Share Based Compensation
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456988 USD
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
697000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
1454410 USD
CY2016 whlr Maturity Of Highly Liquid Investments
MaturityOfHighlyLiquidInvestments
P90D
CY2016 whlr Business Acquisitions Pro Forma Net Income Loss Attributable To Parent
BusinessAcquisitionsProFormaNetIncomeLossAttributableToParent
-6672134 USD
CY2014 whlr Business Acquisitions Pro Forma Net Income Loss Availableto Common Shareholders
BusinessAcquisitionsProFormaNetIncomeLossAvailabletoCommonShareholders
-20977206 USD
CY2015 whlr Business Acquisitions Pro Forma Net Income Loss Availableto Common Shareholders
BusinessAcquisitionsProFormaNetIncomeLossAvailabletoCommonShareholders
-102801865 USD
CY2016 whlr Business Acquisitions Pro Forma Net Income Loss Availableto Common Shareholders
BusinessAcquisitionsProFormaNetIncomeLossAvailabletoCommonShareholders
-11385303 USD
CY2014 whlr Business Combination Consideration Transferred Cash And Debt
BusinessCombinationConsiderationTransferredCashAndDebt
63616509 USD
CY2016 whlr Minimum Percentage Of Distribution Of Taxable Income To Stockholders
MinimumPercentageOfDistributionOfTaxableIncomeToStockholders
0.90
CY2016Q3 us-gaap Shares Subject To Mandatory Redemption Settlement Terms Maximum Amount
SharesSubjectToMandatoryRedemptionSettlementTermsMaximumAmount
50000000 USD
CY2013 us-gaap Stock Issued During Period Shares Share Based Compensation Gross
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0 shares
CY2014 us-gaap Stock Issued During Period Shares Share Based Compensation Gross
StockIssuedDuringPeriodSharesShareBasedCompensationGross
105834 shares
CY2015 us-gaap Stock Issued During Period Shares Share Based Compensation Gross
StockIssuedDuringPeriodSharesShareBasedCompensationGross
320152 shares
CY2014 us-gaap Stock Issued During Period Value Acquisitions
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7990234 USD
CY2015 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
1574551 USD
CY2016 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
4272765 USD
CY2016 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
1604150 USD
CY2014 us-gaap Stock Issued During Period Value New Issues
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37242941 USD
CY2014 us-gaap Stock Issued During Period Value Share Based Compensation
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456988 USD
CY2015 us-gaap Stock Issued During Period Value Share Based Compensation
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697000 USD
CY2016 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
578250 USD
CY2014 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
457000 USD
CY2015 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
697000 USD
CY2015Q4 us-gaap Stockholders Equity
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98264852 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
94833420 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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25606809 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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53123427 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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107366738 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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105192586 USD
CY2014 us-gaap Taxes And Licenses
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149643 USD
CY2015 us-gaap Taxes And Licenses
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65318 USD
CY2016 us-gaap Taxes And Licenses
TaxesAndLicenses
162602 USD
CY2014 us-gaap Travel And Entertainment Expense
TravelAndEntertainmentExpense
540991 USD
CY2015 us-gaap Travel And Entertainment Expense
TravelAndEntertainmentExpense
445732 USD
CY2016 us-gaap Travel And Entertainment Expense
TravelAndEntertainmentExpense
481211 USD
CY2014 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
7352433 shares
CY2015 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
38940463 shares
CY2016 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
67362991 shares
CY2016 whlr Asset Management Fee Percent Fee
AssetManagementFeePercentFee
0.02
CY2014 whlr Business Acquisitions Pro Forma Net Income Loss Attributable To Parent
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-18258949 USD
CY2015 whlr Business Acquisitions Pro Forma Net Income Loss Attributable To Parent
BusinessAcquisitionsProFormaNetIncomeLossAttributableToParent
-16529827 USD
CY2015 whlr Business Combination Consideration Transferred Cash And Debt
BusinessCombinationConsiderationTransferredCashAndDebt
138115158 USD
CY2016 whlr Business Combination Consideration Transferred Cash And Debt
BusinessCombinationConsiderationTransferredCashAndDebt
183556617 USD
CY2014 whlr Corporate Administration Expense
CorporateAdministrationExpense
1218033 USD
CY2015 whlr Corporate Administration Expense
CorporateAdministrationExpense
1186948 USD
CY2016 whlr Corporate Administration Expense
CorporateAdministrationExpense
1110810 USD
CY2014 whlr Deemeddividendrelatedtobeneficialconversionfeatureofpreferredstock
Deemeddividendrelatedtobeneficialconversionfeatureofpreferredstock
0 USD
CY2015 whlr Deemeddividendrelatedtobeneficialconversionfeatureofpreferredstock
Deemeddividendrelatedtobeneficialconversionfeatureofpreferredstock
72644506 USD
CY2016 whlr Deemeddividendrelatedtobeneficialconversionfeatureofpreferredstock
Deemeddividendrelatedtobeneficialconversionfeatureofpreferredstock
0 USD
CY2016 whlr Development Fee Percent Fee
DevelopmentFeePercentFee
0.05
CY2016 whlr Property Operating Costs
PropertyOperatingCosts
11898190 USD
CY2015Q4 whlr Secureddebtgrossofunamortizeddebtissuancecost
Secureddebtgrossofunamortizeddebtissuancecost
189340456 USD
CY2016Q4 whlr Secureddebtgrossofunamortizeddebtissuancecost
Secureddebtgrossofunamortizeddebtissuancecost
313697889 USD
CY2016Q4 whlr Shares Authorized
SharesAuthorized
159000000 shares
CY2013Q3 whlr Shares Registered
SharesRegistered
656998 shares
CY2016 whlr Stockholders Equity Note Unitsto Stock Conversion Ratio
StockholdersEquityNoteUnitstoStockConversionRatio
1
CY2015Q4 whlr Tenant Relationships
TenantRelationships
12060172 USD
CY2016Q4 whlr Tenant Relationships
TenantRelationships
10944148 USD
CY2016 whlr Term Of Disqualification To Be Taxed As Reit Due To Losses Of Reit Status
TermOfDisqualificationToBeTaxedAsReitDueToLossesOfReitStatus
P5Y
CY2016 whlr Insurance Coverage Amount
InsuranceCoverageAmount
250000 USD
CY2014 whlr Non Cash Contribution From Noncontrolling Interests
NonCashContributionFromNoncontrollingInterests
7990234 USD
CY2015 whlr Non Cash Contribution From Noncontrolling Interests
NonCashContributionFromNoncontrollingInterests
1574551 USD
CY2016 whlr Non Cash Contribution From Noncontrolling Interests
NonCashContributionFromNoncontrollingInterests
4272765 USD
CY2016Q4 whlr Number Of Office Buildings
NumberOfOfficeBuildings
1 Building
CY2016Q4 whlr Numberof Real Estate Properties Redeveloped
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1 property
CY2016Q4 whlr Numberof Real Estate Properties Undeveloped
NumberofRealEstatePropertiesUndeveloped
8 property
CY2016 whlr Occupancy Level Percentage
OccupancyLevelPercentage
0.9399
CY2015Q4 whlr Offmarketlease Favorable
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6517529 USD
CY2016Q4 whlr Offmarketlease Favorable
OffmarketleaseFavorable
12962169 USD
CY2016 whlr Past Due Rent Term
PastDueRentTerm
P5D
CY2016Q4 whlr Percentage Of Ownership Interests In Operating Partnership
PercentageOfOwnershipInterestsInOperatingPartnership
0.9321
CY2014 whlr Property Operating Costs
PropertyOperatingCosts
4123439 USD
CY2015 whlr Property Operating Costs
PropertyOperatingCosts
8351456 USD
CY2016 us-gaap Intangible Assets Finite Lived Policy Costs Incurred To Renew Or Extend
IntangibleAssetsFiniteLivedPolicyCostsIncurredToRenewOrExtend
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Above and Below Market Lease Intangibles, net</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company determines the above and below market lease intangibles upon acquiring a property. Above and below</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">market lease intangibles are amortized over the life of the respective leases. Amortization of above and below market lease</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">intangibles is recorded as a component of rental revenues.</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%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain reclassifications have been made to prior period amounts to make their presentation comparable with the current period. These reclassifications had no impact on net income.&#160;During the first quarter of 2016, the Company identified that in previous filings the change in cash restricted for property reserves and payments for deferred financing costs had been reported as cash flows from operating activities and should have been presented as investing and financing activities, respectively. In the third quarter of 2016, the Company reclassed payments to related parties from financing to operating activities. The Company corrected the previously presented cash flows for these items in the current presentation and in doing so, the consolidated statements of cash flows for the year ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;"> has been adjusted to increase net cash flows from operating activities by </font><font style="font-family:inherit;font-size:10pt;">$3.98 million</font><font style="font-family:inherit;font-size:10pt;"> with corresponding decreases in net cash flows from investing and financing activities of </font><font style="font-family:inherit;font-size:10pt;">$1.93 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$2.75 million</font><font style="font-family:inherit;font-size:10pt;">, respectively. For the year ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2014</font><font style="font-family:inherit;font-size:10pt;">, the consolidated statements of cash flows&#160;has been adjusted to increase net cash flows from operating activities by </font><font style="font-family:inherit;font-size:10pt;">$1.97 million</font><font style="font-family:inherit;font-size:10pt;"> with corresponding decreases in net cash flows from investing and financing activities of </font><font style="font-family:inherit;font-size:10pt;">$1.43 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$0.57 million</font><font style="font-family:inherit;font-size:10pt;">, respectively. The Company has evaluated the effect of the incorrect presentation in prior periods, both qualitatively and quantitatively, and concluded that it did not have a material impact on, nor require amendment of, any previously filed annual or quarterly consolidated financial statements.</font></div></div>
CY2016 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has made estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and revenues and expenses during the reported period. The Company&#8217;s actual results could differ from these estimates.</font></div></div>

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