2015 Q2 Form 10-Q Financial Statement

#000117553515000040 Filed on August 07, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $21.97M $17.26M
YoY Change 27.28% 20.08%
Cost Of Revenue $7.260M $6.390M
YoY Change 13.62% 19.22%
Gross Profit $14.71M $11.28M
YoY Change 30.41% 19.49%
Gross Profit Margin 66.95% 65.35%
Selling, General & Admin $5.000M $3.580M
YoY Change 39.66% 42.06%
% of Gross Profit 33.99% 31.74%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.680M $3.990M
YoY Change 17.29% 22.39%
% of Gross Profit 31.82% 35.37%
Operating Expenses $9.690M $7.500M
YoY Change 29.2% 29.76%
Operating Profit $5.020M $3.780M
YoY Change 32.8% 3.28%
Interest Expense $3.516M $2.434M
YoY Change 44.45% -6.85%
% of Operating Profit 70.04% 64.39%
Other Income/Expense, Net
YoY Change
Pretax Income $1.680M $1.340M
YoY Change 25.37% 24.07%
Income Tax $91.00K $55.00K
% Of Pretax Income 5.42% 4.1%
Net Earnings $1.534M $1.252M
YoY Change 22.52% 29.07%
Net Earnings / Revenue 6.98% 7.25%
Basic Earnings Per Share $0.06 $0.05
Diluted Earnings Per Share $0.06 $0.05
COMMON SHARES
Basic Shares Outstanding 22.87M shares 22.24M shares
Diluted Shares Outstanding 23.40M shares 22.44M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.300M $5.000M
YoY Change 26.0% -16.67%
Cash & Equivalents $6.251M $5.042M
Short-Term Investments
Other Short-Term Assets $2.900M $2.500M
YoY Change 16.0% -13.79%
Inventory
Prepaid Expenses
Receivables $3.700M $2.700M
Other Receivables $9.100M $7.600M
Total Short-Term Assets $22.00M $17.80M
YoY Change 23.6% 0.0%
LONG-TERM ASSETS
Property, Plant & Equipment $650.0M $477.9M
YoY Change 36.01% 13.14%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $400.0K $1.000M
YoY Change -60.0% 11.11%
Other Assets $8.400M $5.900M
YoY Change 42.37% 15.69%
Total Long-Term Assets $663.6M $487.3M
YoY Change 36.17% 12.37%
TOTAL ASSETS
Total Short-Term Assets $22.00M $17.80M
Total Long-Term Assets $663.6M $487.3M
Total Assets $685.6M $505.1M
YoY Change 35.73% 11.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.90M $12.40M
YoY Change 28.23% 18.1%
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 $28.30M $22.80M
YoY Change 24.12% 20.63%
LONG-TERM LIABILITIES
Long-Term Debt $403.3M $264.1M
YoY Change 52.71% -0.86%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $403.3M $264.1M
YoY Change 52.71% -0.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $28.30M $22.80M
Total Long-Term Liabilities $403.3M $264.1M
Total Liabilities $431.7M $286.9M
YoY Change 50.44% 0.59%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $356.5M $299.3M
YoY Change 19.12% 32.48%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $250.9M $214.2M
YoY Change
Total Liabilities & Shareholders Equity $685.6M $505.1M
YoY Change 35.73% 11.88%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $1.534M $1.252M
YoY Change 22.52% 29.07%
Depreciation, Depletion And Amortization $4.680M $3.990M
YoY Change 17.29% 22.39%
Cash From Operating Activities $7.050M $6.250M
YoY Change 12.8% 43.68%
INVESTING ACTIVITIES
Capital Expenditures -$47.63M -$2.900M
YoY Change 1542.41% -91.47%
Acquisitions
YoY Change
Other Investing Activities $500.0K $30.00K
YoY Change 1566.67% -96.0%
Cash From Investing Activities -$47.13M -$2.870M
YoY Change 1542.16% -91.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $49.70M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 42.02M -1.780M
YoY Change -2460.67% -105.55%
NET CHANGE
Cash From Operating Activities 7.050M 6.250M
Cash From Investing Activities -47.13M -2.870M
Cash From Financing Activities 42.02M -1.780M
Net Change In Cash 1.940M 1.600M
YoY Change 21.25% -49.84%
FREE CASH FLOW
Cash From Operating Activities $7.050M $6.250M
Capital Expenditures -$47.63M -$2.900M
Free Cash Flow $54.68M $9.150M
YoY Change 497.6% -76.13%

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us-gaap Income Taxes Paid
IncomeTaxesPaid
238000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
315000 USD
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
1357000 USD
CY2014Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
208000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
162000 shares
CY2015Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
532000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
590000 shares
CY2014Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
26000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
51000 USD
CY2015Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
32000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
58000 USD
CY2014Q2 us-gaap Interest Expense
InterestExpense
2434000 USD
us-gaap Interest Expense
InterestExpense
4763000 USD
CY2015Q2 us-gaap Interest Expense
InterestExpense
3516000 USD
us-gaap Interest Expense
InterestExpense
6924000 USD
us-gaap Interest Paid
InterestPaid
4447000 USD
us-gaap Interest Paid
InterestPaid
6409000 USD
CY2014Q2 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
19000 USD
us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
40000 USD
CY2015Q2 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
162000 USD
us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
171000 USD
CY2014Q4 us-gaap Liabilities
Liabilities
420974000 USD
CY2015Q2 us-gaap Liabilities
Liabilities
431666000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
634297000 USD
CY2015Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
685603000 USD
us-gaap Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
0.986
CY2015Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
128472000 USD
CY2015Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1549000 USD
CY2015Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
58049000 USD
CY2015Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
141736000 USD
CY2015Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
60212000 USD
CY2015Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
13269000 USD
us-gaap Marketable Securities Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments
0 USD
us-gaap Marketable Securities Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments
44000 USD
CY2014Q4 us-gaap Minority Interest
MinorityInterest
3251000 USD
CY2015Q2 us-gaap Minority Interest
MinorityInterest
2994000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
14552000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-5785000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
43766000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4847000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-56313000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
11981000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
14603000 USD
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
1253000 USD
us-gaap Net Income Loss
NetIncomeLoss
3625000 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
1534000 USD
us-gaap Net Income Loss
NetIncomeLoss
3128000 USD
CY2014Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
27000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
87000 USD
CY2015Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
26000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
53000 USD
CY2014Q4 us-gaap Notes Payable
NotesPayable
394093000 USD
CY2015Q2 us-gaap Notes Payable
NotesPayable
403287000 USD
CY2014Q2 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
6218000 USD
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
12019000 USD
CY2015Q2 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
7264000 USD
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
14251000 USD
CY2014Q2 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
13443000 USD
us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
27057000 USD
CY2015Q2 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
17176000 USD
us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
33641000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
105000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-98000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax
-276000 USD
CY2014Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-259000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-297000 USD
CY2015Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
43000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-276000 USD
CY2014Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
22000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
105000 USD
CY2015Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-139000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-98000 USD
CY2014Q2 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
3834000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
7663000 USD
CY2015Q2 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
4675000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
9239000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
24000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
772000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
12598000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
13127000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
310000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
224000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
6000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
0 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
51800000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
4847000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
5009000 USD
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2015Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2015Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2014Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q4 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
0 USD
CY2015Q2 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
0 USD
CY2014Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
2215000 USD
CY2015Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
2858000 USD
CY2014Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
71587000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1052000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
771000 USD
CY2015Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
49700000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
5267000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
49725000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
3000000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
9500000 USD
CY2014Q2 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
0 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
0 USD
CY2015Q2 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
496000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
496000 USD
CY2014Q2 us-gaap Profit Loss
ProfitLoss
1280000 USD
us-gaap Profit Loss
ProfitLoss
3712000 USD
CY2015Q2 us-gaap Profit Loss
ProfitLoss
1560000 USD
us-gaap Profit Loss
ProfitLoss
3181000 USD
CY2015Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
80138000 USD
CY2014Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
673655000 USD
CY2015Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
730165000 USD
CY2014Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
17262000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
34637000 USD
CY2015Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
21970000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
43222000 USD
CY2014Q2 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
2205000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
4482000 USD
CY2015Q2 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
2925000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
5829000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1114000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1336000 USD
CY2015Q2 us-gaap Secured Debt
SecuredDebt
173200000 USD
CY2014Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
4372000 USD
CY2015Q2 us-gaap Security Deposit Liability
SecurityDepositLiability
4639000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1564000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3359000 USD
CY2015Q2 us-gaap Share Price
SharePrice
13.3386
us-gaap Stock Issued1
StockIssued1
50000 USD
us-gaap Stock Issued1
StockIssued1
47000 USD
us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
49725000 USD
us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
3359000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
772000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
210072000 USD
CY2015Q2 us-gaap Stockholders Equity
StockholdersEquity
250943000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
213323000 USD
CY2015Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
253937000 USD
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22443000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22192000 shares
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23401000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23314000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22235000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22030000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22869000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22724000 shares
CY2014Q4 wsr Accrued Rent And Other Recoveries
AccruedRentAndOtherRecoveries
8800000 USD
CY2015Q2 wsr Accrued Rent And Other Recoveries
AccruedRentAndOtherRecoveries
9156000 USD
CY2015Q2 wsr Carrying Value Of Collateralized Properties
CarryingValueOfCollateralizedProperties
215700000 USD
CY2015Q2 wsr Conversion Basis For Common Shares To Op Units
ConversionBasisForCommonSharesToOpUnits
1 shares
CY2015Q2 wsr Conversion Ratio For Classa Common Stock To Op Unit
ConversionRatioForClassaCommonStockToOpUnit
1 shares
wsr Disposal Of Fully Depreciated Real Estate
DisposalOfFullyDepreciatedRealEstate
2560000 USD
wsr Disposal Of Fully Depreciated Real Estate
DisposalOfFullyDepreciatedRealEstate
48000 USD
CY2014Q2 wsr Distributions Paid On Unvested Restricted Shares
DistributionsPaidOnUnvestedRestrictedShares
54000 USD
wsr Distributions Paid On Unvested Restricted Shares
DistributionsPaidOnUnvestedRestrictedShares
73000 USD
CY2015Q2 wsr Distributions Paid On Unvested Restricted Shares
DistributionsPaidOnUnvestedRestrictedShares
163000 USD
wsr Distributions Paid On Unvested Restricted Shares
DistributionsPaidOnUnvestedRestrictedShares
270000 USD
wsr Dollar Amount Of Insurance Premiums Financed During Reporting Period
DollarAmountOfInsurancePremiumsFinancedDuringReportingPeriod
888000 USD
wsr Dollar Amount Of Insurance Premiums Financed During Reporting Period
DollarAmountOfInsurancePremiumsFinancedDuringReportingPeriod
1057000 USD
CY2013Q2 wsr Equity Distribution Agreements Authorized Amount
EquityDistributionAgreementsAuthorizedAmount
50000000 USD
CY2015Q2 wsr Equity Distribution Agreements Authorized Amount
EquityDistributionAgreementsAuthorizedAmount
50000000 USD
CY2014Q2 wsr Income From Continuing Operations Before Loss On Disposal Of Assets And Income Taxes
IncomeFromContinuingOperationsBeforeLossOnDisposalOfAssetsAndIncomeTaxes
1213000 USD
wsr Income From Continuing Operations Before Loss On Disposal Of Assets And Income Taxes
IncomeFromContinuingOperationsBeforeLossOnDisposalOfAssetsAndIncomeTaxes
3693000 USD
CY2015Q2 wsr Income From Continuing Operations Before Loss On Disposal Of Assets And Income Taxes
IncomeFromContinuingOperationsBeforeLossOnDisposalOfAssetsAndIncomeTaxes
1679000 USD
wsr Income From Continuing Operations Before Loss On Disposal Of Assets And Income Taxes
IncomeFromContinuingOperationsBeforeLossOnDisposalOfAssetsAndIncomeTaxes
3496000 USD
wsr Increase Decrease In Unamortized Lease Commissions And Loan Costs
IncreaseDecreaseInUnamortizedLeaseCommissionsAndLoanCosts
557000 USD
wsr Increase Decrease In Unamortized Lease Commissions And Loan Costs
IncreaseDecreaseInUnamortizedLeaseCommissionsAndLoanCosts
610000 USD
CY2014Q2 wsr Net Income Attributable To Common Shareholders Excluding Amounts Attributable To Unvested Restricted Shares
NetIncomeAttributableToCommonShareholdersExcludingAmountsAttributableToUnvestedRestrictedShares
1199000 USD
wsr Net Income Attributable To Common Shareholders Excluding Amounts Attributable To Unvested Restricted Shares
NetIncomeAttributableToCommonShareholdersExcludingAmountsAttributableToUnvestedRestrictedShares
3552000 USD
CY2015Q2 wsr Net Income Attributable To Common Shareholders Excluding Amounts Attributable To Unvested Restricted Shares
NetIncomeAttributableToCommonShareholdersExcludingAmountsAttributableToUnvestedRestrictedShares
1371000 USD
wsr Net Income Attributable To Common Shareholders Excluding Amounts Attributable To Unvested Restricted Shares
NetIncomeAttributableToCommonShareholdersExcludingAmountsAttributableToUnvestedRestrictedShares
2858000 USD
CY2014Q2 wsr Net Income Lossfrom Continuing Operations Attributableto Parent Excluding Amounts Attributableto Unvested Restricted Shares
NetIncomeLossfromContinuingOperationsAttributabletoParentExcludingAmountsAttributabletoUnvestedRestrictedShares
1056000 USD
wsr Net Income Lossfrom Continuing Operations Attributableto Parent Excluding Amounts Attributableto Unvested Restricted Shares
NetIncomeLossfromContinuingOperationsAttributabletoParentExcludingAmountsAttributabletoUnvestedRestrictedShares
3292000 USD
CY2015Q2 wsr Net Income Lossfrom Continuing Operations Attributableto Parent Excluding Amounts Attributableto Unvested Restricted Shares
NetIncomeLossfromContinuingOperationsAttributabletoParentExcludingAmountsAttributabletoUnvestedRestrictedShares
1404000 USD
wsr Net Income Lossfrom Continuing Operations Attributableto Parent Excluding Amounts Attributableto Unvested Restricted Shares
NetIncomeLossfromContinuingOperationsAttributabletoParentExcludingAmountsAttributabletoUnvestedRestrictedShares
2898000 USD
wsr Non Cash Investing And Financing Activites Value Of Common Shares Exchanged For Op Units
NonCashInvestingAndFinancingActivitesValueOfCommonSharesExchangedForOpUnits
870000 USD
wsr Non Cash Investing And Financing Activites Value Of Common Shares Exchanged For Op Units
NonCashInvestingAndFinancingActivitesValueOfCommonSharesExchangedForOpUnits
81000 USD
wsr Non Cash Investing And Financing Change In Fair Value Of Cash Flow Hedge
NonCashInvestingAndFinancingChangeInFairValueOfCashFlowHedge
-297000 USD
wsr Non Cash Investing And Financing Change In Fair Value Of Cash Flow Hedge
NonCashInvestingAndFinancingChangeInFairValueOfCashFlowHedge
-276000 USD
CY2015Q2 wsr Number Of Collateralized Properties
NumberOfCollateralizedProperties
20 CollateralizedProperties
CY2013Q2 wsr Numberof Equity Distribution Agreements
NumberofEquityDistributionAgreements
5 agreement
CY2015Q2 wsr Numberof Equity Distribution Agreements
NumberofEquityDistributionAgreements
6 agreement
CY2014Q2 wsr Real Estate Taxes Capitalized
RealEstateTaxesCapitalized
7000 USD
wsr Real Estate Taxes Capitalized
RealEstateTaxesCapitalized
32000 USD
CY2015Q2 wsr Real Estate Taxes Capitalized
RealEstateTaxesCapitalized
21000 USD
wsr Real Estate Taxes Capitalized
RealEstateTaxesCapitalized
37000 USD
CY2015Q2 wsr Tenant Reimbursement And Other Revenue
TenantReimbursementAndOtherRevenue
4794000 USD
wsr Tenant Reimbursement And Other Revenue
TenantReimbursementAndOtherRevenue
7580000 USD
wsr Tenant Reimbursement And Other Revenue
TenantReimbursementAndOtherRevenue
9581000 USD
CY2004Q3 wsr Reorganization And Conversion Number Of Common Shares
ReorganizationAndConversionNumberOfCommonShares
1.42857 shares
wsr Stock Issued During Period Value Dividend Reinvestment Plan Net Of Costs
StockIssuedDuringPeriodValueDividendReinvestmentPlanNetOfCosts
47000 USD
CY2014Q4 wsr Tenant Receivables
TenantReceivables
7998000 USD
CY2015Q2 wsr Tenant Receivables
TenantReceivables
9167000 USD
CY2014Q2 wsr Tenant Reimbursement And Other Revenue
TenantReimbursementAndOtherRevenue
3819000 USD
CY2014Q2 wsr Total Other Expense
TotalOtherExpense
9831000 USD
wsr Total Other Expense
TotalOtherExpense
18925000 USD
CY2015Q2 wsr Total Other Expense
TotalOtherExpense
13027000 USD
wsr Total Other Expense
TotalOtherExpense
25475000 USD
CY2014Q4 wsr Total Real Estate Assets
TotalRealEstateAssets
602068000 USD
CY2015Q2 wsr Total Real Estate Assets
TotalRealEstateAssets
650027000 USD
CY2014Q4 wsr Unamortized Lease Commissions And Loan Costs Gross
UnamortizedLeaseCommissionsAndLoanCostsGross
11721000 USD
CY2015Q2 wsr Unamortized Lease Commissions And Loan Costs Gross
UnamortizedLeaseCommissionsAndLoanCostsGross
11942000 USD
CY2014Q4 wsr Unamortized Lease Commissions And Loan Costs Net
UnamortizedLeaseCommissionsAndLoanCostsNet
8879000 USD
CY2015Q2 wsr Unamortized Lease Commissions And Loan Costs Net
UnamortizedLeaseCommissionsAndLoanCostsNet
8351000 USD
CY2014Q2 wsr Weighted Average Share Ownership In Operating Partnership
WeightedAverageShareOwnershipInOperatingPartnership
0.978
wsr Weighted Average Share Ownership In Operating Partnership
WeightedAverageShareOwnershipInOperatingPartnership
0.977
CY2015Q2 wsr Weighted Average Share Ownership In Operating Partnership
WeightedAverageShareOwnershipInOperatingPartnership
0.984
wsr Weighted Average Share Ownership In Operating Partnership
WeightedAverageShareOwnershipInOperatingPartnership
0.983
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;">Reclassifications.&#160;&#160;</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 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;">Use of Estimates.&#160;&#160;&#160;</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 liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. 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, the estimated fair value of interest rate swaps and the 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>

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0001175535-15-000040-index-headers.html Edgar Link pending
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0001175535-15-000040.txt Edgar Link pending
0001175535-15-000040-xbrl.zip Edgar Link pending
exhibit101restrictedunitaw.htm Edgar Link pending
exhibit121computationofrat.htm Edgar Link pending
exhibit311certificationofc.htm Edgar Link pending
exhibit312certificationofc.htm Edgar Link pending
exhibit321certificationofc.htm Edgar Link pending
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