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Consolidated Statements of Cash Flows (Unaudited)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
USD ($)
Jun. 30, 2018
USD ($)
Jun. 30, 2017
USD ($)
Cash flows from operating activities:      
Net income (loss) $ 19,521 $ 7,045 $ 23,766
Adjustments to reconcile net income (loss) to cash flow from operating activities:      
Depreciation and amortization 8,011 22,807 15,618
Amortization of deferred financing costs   769 878
Stock compensation expense   1,404 1,126
Net (gains) losses on sale of assets (16,050)   (15,965)
(Gains) losses on extinguishment of debt 572   572
Change in fair value of derivative instruments   (57)  
Changes in assets and liabilities:      
Accounts receivable and other assets   (510) (517)
Accounts payable and accrued expenses   4,192 2,839
Accrued interest payable   174 (302)
Other liabilities   (127) 18
Net cash provided by (used in) operating activities   35,697 28,033
Cash flows from investing activities:      
Disposition of real estate properties     34,611
Acquisition of real estate properties   (89,547) (84,417)
Capital expenditures   (15,256) (5,728)
Cash flow (used in) provided by investing activities   (104,803) (55,534)
Cash flows from financing activities:      
Proceeds from unsecured credit facility   99,000 63,190
Unsecured credit facility repayments   (4,000) (21,000)
Mortgage principal repayments   (1,566) (1,291)
Payments for deferred financing costs   (9) (1,166)
Proceeds from issuance of common stock   456  
Distributions on common stock   (20,838) (24,887)
Distributions to noncontrolling interests   (272) (1,036)
Repurchase of shares related to equity award tax withholding   (337) (758)
Cash flow provided by (used in) financing activities   72,434 13,052
Net change in cash and cash equivalents, and restricted cash   3,328 (14,449)
Cash and cash equivalents, and restricted cash, beginning of period   14,619 26,410
Cash and cash equivalents, and restricted cash, end of the period 11,961 17,947 11,961
Reconciliation of cash, cash equivalents, and restricted cash to the Consolidated Balance Sheet      
Cash and cash equivalents 6,271 10,896 6,271
Restricted cash $ 5,690 $ 7,051 $ 5,690