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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Property, plant, and equipment:    
Property, plant, and equipment - gross $ 2,877,988 $ 2,810,623
Accumulated depreciation and depletion (1,090,336) (1,010,903)
Property, plant, and equipment – net 1,787,652 1,799,720
Capitalized leases    
Capitalized leases – gross 64,215 76,216
Accumulated depreciation (25,118) (41,051)
Capitalized leases – net 39,097 35,165
Cash and cash equivalents 226,807 48,873
Restricted cash 38,448 21,090
Accounts receivable – net of allowance of $5,725 and $5,309 at September 30, 2018 and December 31, 2017, respectively 209,268 200,006
Identifiable intangible assets – net 25,444 26,645
Goodwill 186,383 188,169
Investments in partially owned entities 15,952 15,942
Other assets 51,180 59,287
Total assets 2,580,231 2,394,897
Liabilities    
Borrowings under revolving line of credit 0 0
Accounts payable and accrued expenses 249,715 241,259
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 $13,571 and $31,997, in the aggregate, at September 30, 2018 and December 31, 2017, respectively 1,376,998 1,721,958
Sale-leaseback financing obligations 119,640 121,516
Capitalized lease obligations 41,231 38,124
Unearned revenue 19,471 18,848
Pension and postretirement benefits 14,297 16,756
Deferred tax liability - net 18,889 21,940
Multi-Employer pension plan withdrawal liability 8,987 9,134
Total liabilities 1,849,228 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 September 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 September 30, 2018 and December 31, 2017, respectively 0 0
Common shares of beneficial interest, $0.01 par value – authorized 250,000,000 shares; 147,861,840 and 69,370,609 shares issued and outstanding at September 30, 2018 and December 31, 2017, respectively 1,479 694
Paid-in capital 1,349,761 394,082
Accumulated deficit and distributions in excess of net earnings (612,795) (581,470)
Accumulated other comprehensive loss (7,442) (230)
Total shareholders’ equity (deficit) 731,003 (186,924)
Total liabilities, Series B Preferred Shares and shareholders’ equity 2,580,231 2,394,897
Land    
Property, plant, and equipment:    
Property, plant, and equipment - gross 384,971 389,443
Buildings and improvements    
Property, plant, and equipment:    
Property, plant, and equipment - gross 1,838,086 1,819,635
Capitalized leases    
Capitalized leases – gross 16,827 16,827
Machinery and equipment    
Property, plant, and equipment:    
Property, plant, and equipment - gross 579,325 552,677
Capitalized leases    
Capitalized leases – gross 47,388 59,389
Assets under construction    
Property, plant, and equipment:    
Property, plant, and equipment - gross $ 75,606 $ 48,868