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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Jun. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:          
Total revenues $ 466,182   $ 402,010 $ 1,297,721 $ 1,187,818
Operating expenses:          
Depreciation, depletion and amortization 45,065   29,403 115,598 87,861
Selling, general and administrative 32,476   27,323 96,262 83,179
Acquisition, litigation and other 3,780   1,194 30,237 4,768
Loss (gain) from sale of real estate 0   12 34 (8,372)
Impairment of long-lived assets 0 $ 900 0 13,485 747
Total operating expenses 426,797   358,457 1,212,834 1,059,030
Operating income 39,385   43,553 84,887 128,788
Other income (expense):          
Loss from investments in partially owned entities (165)   (437) (111) (324)
Gain from sale of partially owned entities 4,297   0 4,297 0
Interest expense (24,907)   (22,834) (70,581) (70,258)
Bridge loan commitment fees 0   0 (2,665) 0
Interest income 1,798   877 5,206 2,610
Loss on debt extinguishment and modifications 0   0 0 (21,385)
Foreign currency exchange (loss) gain, net (43)   734 (66) 2,926
Other (expense) income, net (249)   96 (1,007) 184
Income before income tax (expense) benefit 20,116   21,989 19,960 42,541
Income tax (expense) benefit:          
Current (834)   3,063 (4,828) 672
Deferred 7,809   (512) 12,221 2,093
Total income tax benefit 6,975   2,551 7,393 2,765
Net income 27,091 4,891 24,540 27,353 45,306
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 $ 27,091   $ 24,540 $ 27,353 $ 43,488
Weighted average common shares outstanding – basic (in shares) 192,325   144,948 175,010 138,438
Weighted average common shares outstanding – diluted (in shares) 197,363   147,626 178,970 141,191
Net income per common share of beneficial interest - basic (in USD per share) $ 0.14   $ 0.17 $ 0.15 $ 0.31
Net income per common share of beneficial interest - diluted (in USD per share) $ 0.14   $ 0.17 $ 0.15 $ 0.31
Operating Segments          
Revenues:          
Total revenues $ 466,182   $ 402,010 $ 1,297,721 $ 1,187,818
Operating expenses:          
Operating income 120,706   101,485 340,503 296,971
Operating Segments | Rent, storage, and warehouse services          
Revenues:          
Total revenues 365,593   297,225 993,439 871,454
Operating expenses:          
Cost of operations 252,185   203,587 675,395 597,411
Operating income 113,408   93,638 318,044 274,043
Operating Segments | Third-party managed services          
Revenues:          
Total revenues 62,846   62,551 188,497 192,182
Operating expenses:          
Cost of operations 60,263   58,997 179,851 180,993
Operating income 2,583   3,554 8,646 11,189
Operating Segments | Transportation services          
Revenues:          
Total revenues 35,685   40,193 109,273 117,427
Operating expenses:          
Cost of operations 31,045   36,045 96,071 106,099
Operating income 4,640   4,148 13,202 11,328
Operating Segments | Other          
Revenues:          
Total revenues 2,058   2,041 6,512 6,755
Operating expenses:          
Cost of operations 1,983   1,896 5,901 6,344
Operating income 75   145 611 411
Americold Realty Operating Partnership, L.P.          
Revenues:          
Total revenues 466,182   402,010 1,297,721 1,187,818
Operating expenses:          
Depreciation, depletion and amortization 45,065   29,403 115,598 87,861
Selling, general and administrative 32,476   27,323 96,262 83,179
Acquisition, litigation and other 3,780   1,194 30,237 4,768
Loss (gain) from sale of real estate 0   12 34 (8,372)
Impairment of long-lived assets   0 0 13,485 747
Total operating expenses 426,797   358,457 1,212,834 1,059,030
Operating income 39,385   43,553 84,887 128,788
Other income (expense):          
Loss from investments in partially owned entities (165)   (437) (111) (324)
Gain from sale of partially owned entities 4,297   0 4,297 0
Interest expense (24,907)   (22,834) (70,581) (70,258)
Bridge loan commitment fees 0   0 (2,665) 0
Interest income 1,798   877 5,206 2,610
Loss on debt extinguishment and modifications 0   0 0 (21,385)
Foreign currency exchange (loss) gain, net (43)   734 (66) 2,926
Other (expense) income, net (249)   96 (1,007) 184
Income before income tax (expense) benefit 20,116   21,989 19,960 42,541
Income tax (expense) benefit:          
Current (834)   3,063 (4,828) 672
Deferred 7,809   (512) 12,221 2,093
Total income tax benefit 6,975   2,551 7,393 2,765
Net income 27,091 $ 4,891 24,540 27,353 45,306
General partners’ interest in net income attributable to unitholders 26,820   24,295 27,079 44,853
Limited partners’ interest in net income attributable to unitholders $ 271   $ 245 $ 274 $ 453
General partner weighted average units outstanding (in shares) 189,780   142,895 172,638 136,450
Limited partner weighted average units outstanding (in shares) 1,917   1,443 1,744 1,378
General partners' net income per unit (in USD per share) $ 0.14   $ 0.17 $ 0.16 $ 0.33
Limited partners' net income per unit (in USD per share) $ 0.14   $ 0.17 $ 0.16 $ 0.33
Americold Realty Operating Partnership, L.P. | Operating Segments | Rent, storage, and warehouse services          
Revenues:          
Total revenues $ 365,593   $ 297,225 $ 993,439 $ 871,454
Operating expenses:          
Cost of operations 252,185   203,587 675,395 597,411
Americold Realty Operating Partnership, L.P. | Operating Segments | Third-party managed services          
Revenues:          
Total revenues 62,846   62,551 188,497 192,182
Operating expenses:          
Cost of operations 60,263   58,997 179,851 180,993
Americold Realty Operating Partnership, L.P. | Operating Segments | Transportation services          
Revenues:          
Total revenues 35,685   40,193 109,273 117,427
Operating expenses:          
Cost of operations 31,045   36,045 96,071 106,099
Americold Realty Operating Partnership, L.P. | Operating Segments | Other          
Revenues:          
Total revenues 2,058   2,041 6,512 6,755
Operating expenses:          
Cost of operations $ 1,983   $ 1,896 $ 5,901 $ 6,344