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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Property, plant, and equipment:    
Property, plant, and equipment – gross $ 2,826,679 $ 2,810,623
Accumulated depreciation and depletion (1,030,240) (1,010,903)
Property, plant, and equipment – net 1,796,439 1,799,720
Capitalized leases:    
Capitalized leases – gross 76,446 76,216
Accumulated depreciation (42,996) (41,051)
Capitalized leases – net 33,450 35,165
Cash and cash equivalents 193,868 48,873
Restricted cash 19,394 21,090
Accounts receivable – net of allowance of $5,804 and $5,309 at March 31, 2018 and December 31, 2017, respectively 178,649 200,006
Identifiable intangible assets – net 26,239 26,645
Goodwill 188,096 188,169
Investments in partially owned entities 15,935 15,942
Other assets 41,685 59,287
Total assets 2,493,755 2,394,897
Liabilities:    
Borrowings under revolving line of credit 0 0
Accounts payable and accrued expenses 232,737 241,259
Construction loan - net of deferred financing costs $179 at December 31, 2017 0 19,492
Mortgage notes and term loans - net of discount and deferred financing costs of $15,935 and $31,996, in the aggregate, at March 31, 2018 and December 31, 2017, respectively 1,398,227 1,721,958
Sale-leaseback financing obligations 120,911 121,516
Capitalized lease obligations 36,078 38,124
Unearned revenue 18,200 18,848
Pension and postretirement benefits 16,105 16,756
Deferred tax liability - net 20,423 21,940
Multi-Employer pension plan withdrawal liability 9,086 9,134
Total liabilities 1,851,767 2,209,027
Commitments and Contingencies (Note 13)
Preferred shares of beneficial interest, $0.01 par value – authorized 375,000 Series B Cumulative Convertible Voting and Participating Preferred Shares; aggregate liquidation preference of $375,000; zero and 375,000 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively 0 372,794
Shareholders’ equity (deficit):    
Preferred shares of beneficial interest, $0.01 par value – authorized 1,000 Series A Cumulative Non-Voting Preferred Shares; aggregate liquidation preference of $125; zero and 125 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively 0 0
Common shares of beneficial interest, $0.01 par value – authorized 250,000,000 shares; 142,513,448 and 69,370,609 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively 1,425 694
Paid-in capital 1,255,094 394,082
Accumulated deficit and distributions in excess of net earnings (613,363) (581,470)
Accumulated other comprehensive loss (1,168) (230)
Total shareholders’ equity (deficit) 641,988 (186,924)
Total liabilities, Series B Preferred Shares and shareholders’ equity (deficit) 2,493,755 2,394,897
Land    
Property, plant, and equipment:    
Property, plant, and equipment – gross 389,565 389,443
Buildings and improvements    
Property, plant, and equipment:    
Property, plant, and equipment – gross 1,887,206 1,865,727
Capitalized leases:    
Capitalized leases – gross 16,827 16,827
Machinery and equipment    
Property, plant, and equipment:    
Property, plant, and equipment – gross 549,908 555,453
Capitalized leases:    
Capitalized leases – gross $ 59,619 $ 59,389