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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Total revenues $ 438,460 $ 394,667 $ 831,539 $ 785,809
Operating expenses:        
Depreciation, depletion and amortization 40,437 29,051 70,533 58,459
Selling, general and administrative 32,669 27,750 63,786 55,857
Acquisition, litigation, and other 17,964 (268) 26,457 3,574
Loss (gain) from sale of real estate 34 (8,384) 34 (8,384)
Impairment of long-lived assets 930 747 13,485 747
Total operating expenses 409,375 345,363 786,037 700,574
Operating income 29,085 49,304 45,502 85,235
Other income (expense):        
(Loss) income from investments in partially owned entities (68) 252 54 112
Interest expense (24,098) (22,929) (45,674) (47,424)
Bridge loan commitment fees (2,665) 0 (2,665) 0
Interest income 2,405 1,109 3,408 1,733
Loss on debt extinguishment and modifications 0 0 0 (21,385)
Foreign currency exchange (loss) gain, net (83) 1,511 (23) 2,191
Other (expense) income, net (591) 33 (758) 89
Income (loss) before income tax (expense) benefit 3,985 29,280 (156) 20,551
Income tax (expense) benefit:        
Current (2,446) (1,323) (3,994) (2,390)
Deferred 3,352 1,449 4,412 2,605
Total income tax benefit 906 126 418 215
Net income 4,891 29,406 262 20,766
Less distributions on preferred shares of beneficial interest - Series A 0 0 0 (1)
Less distributions on preferred shares of beneficial interest - Series B 0 0 0 (1,817)
Net income attributable to common shares of beneficial interest $ 4,891 $ 29,406 $ 262 $ 18,948
Weighted average common shares outstanding – basic (in shares) 182,325 143,499 165,869 133,965
Weighted average common shares outstanding – diluted (in shares) 186,117 146,474 169,305 136,737
Net income per common share of beneficial interest - basic (in USD per share) $ 0.03 $ 0.20 $ 0.00 $ 0.13
Net income per common share of beneficial interest - diluted (in USD per share) $ 0.03 $ 0.20 $ 0.00 $ 0.14
Operating Segments        
Revenues:        
Total revenues $ 438,460 $ 394,667 $ 831,539 $ 785,809
Operating expenses:        
Operating income 121,119 98,200 219,797 195,488
Operating Segments | Rent, storage, and warehouse services        
Revenues:        
Total revenues 338,231 287,712 627,846 574,229
Operating expenses:        
Cost of operations 224,414 196,877 423,210 393,824
Operating income 113,817 90,835 204,636 180,405
Operating Segments | Third-party managed services        
Revenues:        
Total revenues 61,515 65,755 125,651 129,632
Operating expenses:        
Cost of operations 58,711 61,896 119,588 121,995
Operating income 2,804 3,859 6,063 7,637
Operating Segments | Transportation services        
Revenues:        
Total revenues 36,492 38,889 73,588 77,234
Operating expenses:        
Cost of operations 32,286 35,303 65,026 70,054
Operating income 4,206 3,586 8,562 7,180
Operating Segments | Other        
Revenues:        
Total revenues 2,222 2,311 4,454 4,714
Operating expenses:        
Cost of operations 1,930 2,391 3,918 4,448
Operating income 292 (80) 536 266
Americold Realty Operating Partnership, L.P.        
Revenues:        
Total revenues 438,460 394,667 831,539 785,809
Operating expenses:        
Depreciation, depletion and amortization 40,437 29,051 70,533 58,459
Selling, general and administrative 32,669 27,750 63,786 55,857
Acquisition, litigation, and other 17,964 (268) 26,457 3,574
Loss (gain) from sale of real estate 34 (8,384) 34 (8,384)
Impairment of long-lived assets 930 747 13,485 747
Total operating expenses 409,375 345,363 786,037 700,574
Operating income 29,085 49,304 45,502 85,235
Other income (expense):        
(Loss) income from investments in partially owned entities (68) 252 54 112
Interest expense (24,098) (22,929) (45,674) (47,424)
Bridge loan commitment fees (2,665) 0 (2,665) 0
Interest income 2,405 1,109 3,408 1,733
Loss on debt extinguishment and modifications 0 0 0 (21,385)
Foreign currency exchange (loss) gain, net (83) 1,511 (23) 2,191
Other (expense) income, net (591) 33 (758) 89
Income (loss) before income tax (expense) benefit 3,985 29,280 (156) 20,551
Income tax (expense) benefit:        
Current (2,446) (1,323) (3,994) (2,390)
Deferred 3,352 1,449 4,412 2,605
Total income tax benefit 906 126 418 215
Net income 4,891 29,406 262 20,766
General partners' interest in net income attributable to unitholders 4,842 29,112 259 20,558
Limited partners' interest in net income attributable to unitholders $ 49 $ 294 $ 3 $ 208
General partner weighted average units outstanding (in shares) 179,880 141,460 163,589 132,412
Limited partner weighted average units outstanding (in shares) 1,817 1,429 1,652 1,337
General partners' net income per unit (in USD per share) $ 0.03 $ 0.21 $ 0.00 $ 0.16
Limited partners' net income per unit (in USD per share) $ 0.03 $ 0.21 $ 0.00 $ 0.16
Americold Realty Operating Partnership, L.P. | Operating Segments | Rent, storage, and warehouse services        
Revenues:        
Total revenues $ 338,231 $ 287,712 $ 627,846 $ 574,229
Operating expenses:        
Cost of operations 224,414 196,877 423,210 393,824
Americold Realty Operating Partnership, L.P. | Operating Segments | Third-party managed services        
Revenues:        
Total revenues 61,515 65,755 125,651 129,632
Operating expenses:        
Cost of operations 58,711 61,896 119,588 121,995
Americold Realty Operating Partnership, L.P. | Operating Segments | Transportation services        
Revenues:        
Total revenues 36,492 38,889 73,588 77,234
Operating expenses:        
Cost of operations 32,286 35,303 65,026 70,054
Americold Realty Operating Partnership, L.P. | Operating Segments | Other        
Revenues:        
Total revenues 2,222 2,311 4,454 4,714
Operating expenses:        
Cost of operations $ 1,930 $ 2,391 $ 3,918 $ 4,448