XML 38 R24.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Segment Information | 12 Months Ended
--- | ---
Dec. 31, 2017
Segment Information |
Segment Information | 18. Segment Information We evaluate performance and make resource allocation decisions on an industry by industry basis. For financial reporting purposes, we have grouped our tenants into 47 activity segments. All of the properties are incorporated into one of the applicable segments. Because almost all of our leases require the tenant to pay operating expenses, rental revenue is the only component of segment profit and loss we measure. The following tables set forth certain information regarding the properties owned by us, classified according to the business of the respective tenants (dollars in thousands):
Assets, as of December 31: |  | 2017 |  | 2016 |
Segment net real estate: |  |  |  |  |
Apparel |  | $ | 164,919 |  | $ | 175,418 |
Automotive service |  | 213,156 |  | 152,220 |
Automotive tire services |  | 247,557 |  | 238,151 |
Beverages |  | 289,170 |  | 293,447 |
Child care |  | 61,527 |  | 49,584 |
Convenience stores |  | 997,170 |  | 1,050,285 |
Dollar stores |  | 1,105,097 |  | 1,120,896 |
Drug stores |  | 1,518,443 |  | 1,541,846 |
Financial services |  | 384,867 |  | 408,228 |
General merchandise |  | 313,181 |  | 248,040 |
Grocery stores |  | 793,286 |  | 464,359 |
Health and fitness |  | 896,430 |  | 823,697 |
Home improvement |  | 407,002 |  | 311,459 |
Motor vehicle dealerships |  | 204,651 |  | 197,713 |
Restaurants-casual dining |  | 494,977 |  | 511,863 |
Restaurants-quick service |  | 681,763 |  | 574,532 |
Theaters |  | 566,585 |  | 370,732 |
Transportation services |  | 776,068 |  | 796,717 |
Wholesale club |  | 426,551 |  | 439,557 |
Other non-reportable segments |  | 2,134,099 |  | 2,135,047 |
Total segment net real estate |  | 12,676,499 |  | 11,903,791 |
Intangible assets: |  |  |  |  |
Apparel |  | 36,600 |  | 43,786 |
Automotive service |  | 64,388 |  | 33,160 |
Automotive tire services |  | 10,383 |  | 11,533 |
Beverages |  | 2,022 |  | 2,280 |
Convenience stores |  | 45,445 |  | 14,372 |
Dollar stores |  | 47,905 |  | 51,249 |
Drug stores |  | 173,893 |  | 182,981 |
Financial services |  | 24,867 |  | 29,749 |
General merchandise |  | 50,184 |  | 43,248 |
Grocery stores |  | 140,780 |  | 65,412 |
Health and fitness |  | 76,276 |  | 63,574 |
Home improvement |  | 61,045 |  | 49,932 |
Motor vehicle dealerships |  | 31,720 |  | 25,032 |
Restaurants-casual dining |  | 20,079 |  | 22,058 |
Restaurants-quick service |  | 51,711 |  | 43,356 |
Theaters |  | 26,448 |  | 13,822 |
Transportation services |  | 87,162 |  | 101,664 |
Wholesale club |  | 29,596 |  | 32,723 |
Other non-reportable segments |  | 214,426 |  | 252,389 |
Goodwill: |  |  |  |  |
Automotive service |  | 437 |  | 440 |
Automotive tire services |  | 862 |  | 862 |
Child care |  | 4,924 |  | 4,945 |
Convenience stores |  | 2,004 |  | 2,008 |
Restaurants-casual dining |  | 2,062 |  | 2,107 |
Restaurants-quick service |  | 1,064 |  | 1,068 |
Other non-reportable segments |  | 3,617 |  | 3,637 |
Other corporate assets |  | 171,767 |  | 151,693 |
Total assets |  | $ | 14,058,166 |  | $ | 13,152,871 |
Revenue for the years ended December 31, |  | 2017 |  | 2016 |  | 2015 |
Segment rental revenue: |  |  |  |  |  |  |
Apparel |  | $ | 19,190 |  | $ | 19,975 |  | $ | 19,819 |
Automotive service |  | 25,291 |  | 20,212 |  | 18,632 |
Automotive tire services |  | 29,560 |  | 28,754 |  | 28,627 |
Beverages |  | 31,174 |  | 27,587 |  | 25,451 |
Child care |  | 20,775 |  | 19,712 |  | 19,949 |
Convenience stores |  | 111,023 |  | 91,784 |  | 90,093 |
Dollar stores |  | 91,076 |  | 90,746 |  | 88,126 |
Drug stores |  | 126,555 |  | 117,758 |  | 103,324 |
Financial services |  | 28,744 |  | 18,769 |  | 17,044 |
General merchandise |  | 23,752 |  | 18,976 |  | 16,411 |
Grocery stores |  | 50,731 |  | 32,815 |  | 29,506 |
Health and fitness |  | 88,146 |  | 85,901 |  | 75,881 |
Home improvement |  | 30,324 |  | 25,695 |  | 23,112 |
Motor vehicle dealerships |  | 23,989 |  | 20,329 |  | 15,332 |
Restaurants-casual dining |  | 43,876 |  | 42,312 |  | 37,645 |
Restaurants-quick service |  | 59,638 |  | 52,674 |  | 41,407 |
Theaters |  | 58,443 |  | 51,926 |  | 49,456 |
Transportation services |  | 62,337 |  | 57,694 |  | 51,745 |
Wholesale club |  | 37,646 |  | 37,531 |  | 37,391 |
Other non-reportable segments |  | 203,954 |  | 196,263 |  | 187,914 |
Total rental revenue |  | 1,166,224 |  | 1,057,413 |  | 976,865 |
Tenant reimbursements |  | 46,082 |  | 43,104 |  | 42,015 |
Other revenue |  | 3,462 |  | 2,655 |  | 4,405 |
Total revenue |  | $ | 1,215,768 |  | $ | 1,103,172 |  | $ | 1,023,285 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration