2012 Q2 Form 10-Q Financial Statement

#000117553512000061 Filed on August 09, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2011 Q2
Revenue $10.99M $8.071M
YoY Change 36.13% 3.93%
Cost Of Revenue $4.260M $3.110M
YoY Change 36.98% 3.67%
Gross Profit $6.730M $4.960M
YoY Change 35.69% 3.98%
Gross Profit Margin 61.25% 61.45%
Selling, General & Admin $1.860M $1.780M
YoY Change 4.49% 40.16%
% of Gross Profit 27.64% 35.89%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.290M $1.860M
YoY Change 23.12% 6.9%
% of Gross Profit 34.03% 37.5%
Operating Expenses $4.160M $3.750M
YoY Change 10.93% 24.58%
Operating Profit $2.570M $1.210M
YoY Change 112.4% -31.25%
Interest Expense $2.107M $1.445M
YoY Change 45.81% 3.07%
% of Operating Profit 81.98% 119.42%
Other Income/Expense, Net
YoY Change
Pretax Income $530.0K -$180.0K
YoY Change -394.44% -151.43%
Income Tax $70.00K $58.00K
% Of Pretax Income 13.21%
Net Earnings $431.0K -$196.0K
YoY Change -319.9% -218.07%
Net Earnings / Revenue 3.92% -2.43%
Basic Earnings Per Share $0.04 -$0.02
Diluted Earnings Per Share $0.04 -$0.02
COMMON SHARES
Basic Shares Outstanding 11.75M shares 8.520M shares
Diluted Shares Outstanding 11.75M shares 8.520M shares

Balance Sheet

Concept 2012 Q2 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.900M $57.80M
YoY Change -93.25% 1382.05%
Cash & Equivalents $8.339M $57.78M
Short-Term Investments
Other Short-Term Assets $1.500M $800.0K
YoY Change 87.5% -46.67%
Inventory
Prepaid Expenses
Receivables $1.700M $500.0K
Other Receivables $5.000M $4.500M
Total Short-Term Assets $12.10M $63.60M
YoY Change -80.97% 542.42%
LONG-TERM ASSETS
Property, Plant & Equipment $255.5M $171.7M
YoY Change 48.81% 9.78%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.800M $9.400M
YoY Change -70.21%
Other Assets $4.500M $3.800M
YoY Change 18.42% 2.7%
Total Long-Term Assets $266.5M $188.5M
YoY Change 41.38% 13.3%
TOTAL ASSETS
Total Short-Term Assets $12.10M $63.60M
Total Long-Term Assets $266.5M $188.5M
Total Assets $278.6M $252.1M
YoY Change 10.51% 43.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.000M $5.800M
YoY Change 20.69% -23.68%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $13.00M $11.30M
YoY Change 15.04% 4.63%
LONG-TERM LIABILITIES
Long-Term Debt $140.1M $103.1M
YoY Change 35.89% 2.28%
Other Long-Term Liabilities $100.0K
YoY Change
Total Long-Term Liabilities $140.1M $103.2M
YoY Change 35.76% 2.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.00M $11.30M
Total Long-Term Liabilities $140.1M $103.2M
Total Liabilities $153.1M $114.4M
YoY Change 33.84% -14.62%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $164.2M $153.2M
YoY Change 7.22%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $117.1M $117.2M
YoY Change
Total Liabilities & Shareholders Equity $278.6M $252.1M
YoY Change 10.51% 43.01%

Cashflow Statement

Concept 2012 Q2 2011 Q2
OPERATING ACTIVITIES
Net Income $431.0K -$196.0K
YoY Change -319.9% -218.07%
Depreciation, Depletion And Amortization $2.290M $1.860M
YoY Change 23.12% 6.9%
Cash From Operating Activities $2.850M $1.370M
YoY Change 108.03% -41.7%
INVESTING ACTIVITIES
Capital Expenditures -$9.980M -$9.680M
YoY Change 3.1% 2151.16%
Acquisitions
YoY Change
Other Investing Activities $1.320M -$8.590M
YoY Change -115.37%
Cash From Investing Activities -$8.660M -$18.27M
YoY Change -52.6% 4148.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $59.70M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.390M 56.35M
YoY Change -97.53% -2141.67%
NET CHANGE
Cash From Operating Activities 2.850M 1.370M
Cash From Investing Activities -8.660M -18.27M
Cash From Financing Activities 1.390M 56.35M
Net Change In Cash -4.420M 39.45M
YoY Change -111.2% -4796.43%
FREE CASH FLOW
Cash From Operating Activities $2.850M $1.370M
Capital Expenditures -$9.980M -$9.680M
Free Cash Flow $12.83M $11.05M
YoY Change 16.11% 297.48%

Facts In Submission

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799000 USD
CY2012Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
33000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
799000 USD
CY2011Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-209000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-209000 USD
us-gaap Other Deferred Costs Disclosures
OtherDeferredCostsDisclosures
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">UNAMORTIZED LEASING COMMISSIONS AND LOAN COSTS</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;">Costs which have been deferred consist of the following (in thousands):</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td width="62%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="16%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="16%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">June&#160;30, 2012</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2011</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Leasing commissions</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,193</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,326</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred financing cost</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,315</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,916</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total cost</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,508</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,242</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less: leasing commissions accumulated amortization</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,760</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,861</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less: deferred financing cost accumulated amortization</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,253</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,626</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total cost, net of accumulated amortization</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,495</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,755</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div>
CY2012Q2 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
2663000 USD
CY2011Q2 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
1976000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
3965000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
5207000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
3737000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
6684000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
1030000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
559000 USD
us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
1187000 USD
us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
359000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
306000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
10461000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
750000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
6400000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
8650000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
6465000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
2066000 USD
CY2012Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2011Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2011Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2012Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2012Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2011Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2011Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2012Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2012Q2 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
0 USD
CY2011Q4 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
0 USD
CY2012Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
1481000 USD
CY2011Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
975000 USD
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<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><font style="font-family:inherit;font-size:10pt;">We have reclassified certain prior period amounts in the accompanying consolidated financial statements in order to be consistent with the current period presentation.&#160;&#160;These reclassifications had no effect on net income, total assets, total liabilities or equity.</font></div></div>
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
60066000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
2905000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
13156000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
909000 USD
CY2011Q2 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
1000 USD
CY2012Q2 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
1312000 USD
CY2011Q2 us-gaap Profit Loss
ProfitLoss
-238000 USD
us-gaap Profit Loss
ProfitLoss
8000 USD
CY2012Q2 us-gaap Profit Loss
ProfitLoss
462000 USD
us-gaap Profit Loss
ProfitLoss
1322000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
358000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
214000 USD
CY2011Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
45472000 USD
CY2012Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
48999000 USD
CY2012Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
304517000 USD
CY2011Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
292360000 USD
CY2012Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
10987000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
21413000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
16156000 USD
CY2011Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
8070000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
2813000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
2128000 USD
CY2012Q2 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
1503000 USD
CY2011Q2 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
1108000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1540000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1819000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
266000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
155000 USD
CY2012Q2 us-gaap Secured Debt
SecuredDebt
115000000 USD
CY2012Q2 us-gaap Security Deposit Liability
SecurityDepositLiability
2393000 USD
CY2011Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
2232000 USD
CY2012Q2 us-gaap Share Based Compensation
ShareBasedCompensation
188000 USD
CY2011Q2 us-gaap Share Based Compensation
ShareBasedCompensation
77000 USD
us-gaap Stock Issued1
StockIssued1
45000 USD
us-gaap Stock Issued1
StockIssued1
0 USD
us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
115958000 USD
CY2012Q2 us-gaap Stockholders Equity
StockholdersEquity
117105000 USD
CY2012Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
125504000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
130707000 USD
us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
0 USD
us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
0 USD
CY2011Q2 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
0 USD
CY2012Q2 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
0 USD
us-gaap Use Of Estimates
UseOfEstimates
<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><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.&#160;&#160;Significant estimates that we use include the estimated fair values of properties acquired, the estimated useful lives for depreciable and amortizable assets and costs, the estimated allowance for doubtful accounts and estimates supporting our impairment analysis for the carrying values of our real estate assets.&#160;&#160;Actual results could differ from those estimates.</font></div></div>
CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11754000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7008000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11696000 shares
CY2011Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8520000 shares
CY2011Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8520000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7008000 shares
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11746000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11685000 shares
wsr Accrued Offering Costs Change
AccruedOfferingCostsChange
28000 USD
wsr Accrued Offering Costs Change
AccruedOfferingCostsChange
305000 USD
CY2012Q2 wsr Accrued Rent And Other Recoveries
AccruedRentAndOtherRecoveries
4989000 USD
CY2011Q4 wsr Accrued Rent And Other Recoveries
AccruedRentAndOtherRecoveries
5505000 USD
CY2012Q2 wsr Carrying Value Of Collateralized Properties
CarryingValueOfCollateralizedProperties
145600000 USD
CY2012Q2 wsr Conversion Basis For Common Shares To Op Units
ConversionBasisForCommonSharesToOpUnits
1 shares
CY2012Q2 wsr Conversion Ratio For Class Common Stock To Op Unit
ConversionRatioForClassCommonStockToOpUnit
1 shares
wsr Disposal Of Fully Depreciated Real Estate
DisposalOfFullyDepreciatedRealEstate
21000 USD
wsr Disposal Of Fully Depreciated Real Estate
DisposalOfFullyDepreciatedRealEstate
523000 USD
CY2012Q2 wsr Distributions Paid On Unvested Restricted Shares
DistributionsPaidOnUnvestedRestrictedShares
2000 USD
wsr Distributions Paid On Unvested Restricted Shares
DistributionsPaidOnUnvestedRestrictedShares
6000 USD
wsr Distributions Paid On Unvested Restricted Shares
DistributionsPaidOnUnvestedRestrictedShares
10000 USD
CY2011Q2 wsr Distributions Paid On Unvested Restricted Shares
DistributionsPaidOnUnvestedRestrictedShares
4000 USD
wsr Dollar Amount Of Insurance Premiums Financed During Reporting Period
DollarAmountOfInsurancePremiumsFinancedDuringReportingPeriod
649000 USD
wsr Dollar Amount Of Insurance Premiums Financed During Reporting Period
DollarAmountOfInsurancePremiumsFinancedDuringReportingPeriod
780000 USD
CY2011Q2 wsr Income From Continuing Operations Before Loss On Disposal Of Assets And Income Taxes
IncomeFromContinuingOperationsBeforeLossOnDisposalOfAssetsAndIncomeTaxes
-180000 USD
wsr Income From Continuing Operations Before Loss On Disposal Of Assets And Income Taxes
IncomeFromContinuingOperationsBeforeLossOnDisposalOfAssetsAndIncomeTaxes
137000 USD
wsr Income From Continuing Operations Before Loss On Disposal Of Assets And Income Taxes
IncomeFromContinuingOperationsBeforeLossOnDisposalOfAssetsAndIncomeTaxes
1485000 USD
CY2012Q2 wsr Income From Continuing Operations Before Loss On Disposal Of Assets And Income Taxes
IncomeFromContinuingOperationsBeforeLossOnDisposalOfAssetsAndIncomeTaxes
548000 USD
wsr Increase Decrease In Unamortized Lease Commissions And Loan Costs
IncreaseDecreaseInUnamortizedLeaseCommissionsAndLoanCosts
600000 USD
wsr Increase Decrease In Unamortized Lease Commissions And Loan Costs
IncreaseDecreaseInUnamortizedLeaseCommissionsAndLoanCosts
402000 USD
wsr Net Income Attributable To Common Shareholders Excluding Amounts Attributable To Unvested Restricted Shares
NetIncomeAttributableToCommonShareholdersExcludingAmountsAttributableToUnvestedRestrictedShares
-3000 USD
CY2012Q2 wsr Net Income Attributable To Common Shareholders Excluding Amounts Attributable To Unvested Restricted Shares
NetIncomeAttributableToCommonShareholdersExcludingAmountsAttributableToUnvestedRestrictedShares
429000 USD
wsr Net Income Attributable To Common Shareholders Excluding Amounts Attributable To Unvested Restricted Shares
NetIncomeAttributableToCommonShareholdersExcludingAmountsAttributableToUnvestedRestrictedShares
1218000 USD
CY2011Q2 wsr Net Income Attributable To Common Shareholders Excluding Amounts Attributable To Unvested Restricted Shares
NetIncomeAttributableToCommonShareholdersExcludingAmountsAttributableToUnvestedRestrictedShares
-200000 USD
CY2012Q2 wsr Number Of Collateralized Properties
NumberOfCollateralizedProperties
26 CollateralizedProperties
CY2012Q2 wsr Real Estate Taxes Capitalized
RealEstateTaxesCapitalized
31000 USD
wsr Real Estate Taxes Capitalized
RealEstateTaxesCapitalized
63000 USD
wsr Stockissuedduringperiodvaluedividendreinvestmentplannetofcosts
Stockissuedduringperiodvaluedividendreinvestmentplannetofcosts
45000 USD
CY2010Q2 wsr Tax Paid As Result Of Violation Of Five Percent Asset Test
TaxPaidAsResultOfViolationOfFivePercentAssetTest
50000 USD
CY2011Q4 wsr Tenant Receivables
TenantReceivables
1914000 USD
CY2012Q2 wsr Tenant Receivables
TenantReceivables
3362000 USD
wsr Tenant Reimbursement And Other Revenue
TenantReimbursementAndOtherRevenue
4762000 USD
CY2011Q2 wsr Tenant Reimbursement And Other Revenue
TenantReimbursementAndOtherRevenue
1365000 USD
CY2012Q2 wsr Tenant Reimbursement And Other Revenue
TenantReimbursementAndOtherRevenue
2464000 USD
wsr Tenant Reimbursement And Other Revenue
TenantReimbursementAndOtherRevenue
2780000 USD
CY2011Q2 wsr Total Other Expense
TotalOtherExpense
5144000 USD
wsr Total Other Expense
TotalOtherExpense
12004000 USD
CY2012Q2 wsr Total Other Expense
TotalOtherExpense
6177000 USD
wsr Total Other Expense
TotalOtherExpense
9939000 USD
CY2012Q2 wsr Total Real Estate Assets
TotalRealEstateAssets
255518000 USD
CY2011Q4 wsr Total Real Estate Assets
TotalRealEstateAssets
246888000 USD
CY2012Q2 wsr Unamortized Lease Commissions And Loan Costs Gross
UnamortizedLeaseCommissionsAndLoanCostsGross
9508000 USD
CY2011Q4 wsr Unamortized Lease Commissions And Loan Costs Gross
UnamortizedLeaseCommissionsAndLoanCostsGross
8242000 USD
CY2012Q2 wsr Unamortized Lease Commissions And Loan Costs Net
UnamortizedLeaseCommissionsAndLoanCostsNet
4495000 USD
CY2011Q4 wsr Unamortized Lease Commissions And Loan Costs Net
UnamortizedLeaseCommissionsAndLoanCostsNet
3755000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Period End Date
DocumentPeriodEndDate
2012-06-30
dei Document Type
DocumentType
10-Q
CY2012Q2 wsr Weighted Average Share Ownership In Operating Partnership
WeightedAverageShareOwnershipInOperatingPartnership
0.930
wsr Weighted Average Share Ownership In Operating Partnership
WeightedAverageShareOwnershipInOperatingPartnership
0.801
CY2011Q2 wsr Weighted Average Share Ownership In Operating Partnership
WeightedAverageShareOwnershipInOperatingPartnership
0.834
wsr Weighted Average Share Ownership In Operating Partnership
WeightedAverageShareOwnershipInOperatingPartnership
0.926
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0001175535
CY2012Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
12007302 shares
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
Whitestone REIT

Files In Submission

Name View Source Status
0001175535-12-000061-index-headers.html Edgar Link pending
0001175535-12-000061-index.html Edgar Link pending
0001175535-12-000061.txt Edgar Link pending
0001175535-12-000061-xbrl.zip Edgar Link pending
exhibit101separationagreem.htm Edgar Link pending
exhibit102summaryofrelocat.htm Edgar Link pending
exhibit311principalexecuti.htm Edgar Link pending
exhibit312principalfinanci.htm Edgar Link pending
exhibit321ceocertification.htm Edgar Link pending
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wsr10-q2012x06.htm Edgar Link pending