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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Property, plant, and equipment:    
Property, plant, and equipment – gross $ 2,829,620 $ 2,810,623
Accumulated depreciation and depletion (1,044,371) (1,010,903)
Property, plant, and equipment – net 1,785,249 1,799,720
Capitalized leases:    
Capitalized leases – gross 80,659 76,216
Accumulated depreciation (44,181) (41,051)
Capitalized leases – net 36,478 35,165
Cash and cash equivalents 153,200 48,873
Restricted cash 37,575 21,090
Accounts receivable – net of allowance of $5,505 and $5,309 at June 30, 2018 and December 31, 2017, respectively 182,517 200,006
Identifiable intangible assets – net 25,839 26,645
Goodwill 186,890 188,169
Investments in partially owned entities 16,289 15,942
Other assets 51,438 59,287
Total assets 2,475,475 2,394,897
Liabilities:    
Borrowings under revolving line of credit 0 0
Accounts payable and accrued expenses 224,749 241,259
Construction loan - net of deferred financing costs of $179 at December 31, 2017 0 19,492
Mortgage notes and term loans - net of unamortized discount and deferred financing costs of $14,704 and $31,997, in the aggregate, at June 30, 2018 and December 31, 2017, respectively 1,385,682 1,721,958
Sale-leaseback financing obligations 120,289 121,516
Capitalized lease obligations 38,890 38,124
Unearned revenue 20,145 18,848
Pension and postretirement benefits 15,392 16,756
Deferred tax liability - net 18,474 21,940
Multi-Employer pension plan withdrawal liability 9,037 9,134
Total liabilities 1,832,658 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 June 30, 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 June 30, 2018 and December 31, 2017, respectively 0 0
Common shares of beneficial interest, $0.01 par value – authorized 250,000,000 shares; 143,459,052 and 69,370,609 shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively 1,435 694
Paid-in capital 1,257,779 394,082
Accumulated deficit and distributions in excess of net earnings (611,208) (581,470)
Accumulated other comprehensive loss (5,189) (230)
Total shareholders’ equity (deficit) 642,817 (186,924)
Total liabilities, Series B Preferred Shares and shareholders’ equity (deficit) 2,475,475 2,394,897
Land    
Property, plant, and equipment:    
Property, plant, and equipment – gross 385,713 389,443
Buildings and improvements    
Property, plant, and equipment:    
Property, plant, and equipment – gross 1,894,824 1,865,727
Capitalized leases:    
Capitalized leases – gross 16,827 16,827
Machinery and equipment    
Property, plant, and equipment:    
Property, plant, and equipment – gross 549,083 555,453
Capitalized leases:    
Capitalized leases – gross $ 63,832 $ 59,389