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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Property, buildings and equipment:    
Property, plant, and equipment - gross $ 4,314,069 $ 4,149,214
Accumulated depreciation and depletion (1,251,666) (1,216,553)
Property, buildings and equipment – net 3,062,403 2,932,661
Operating lease right-of-use assets 73,231 77,723
Accumulated depreciation – operating leases (20,805) (18,110)
Operating leases – net 52,426 59,613
Financing leases:    
Financing leases - gross 95,729 88,038
Accumulated depreciation – financing leases (32,809) (29,697)
Financing leases – net 62,920 58,341
Cash and cash equivalents 262,955 234,303
Restricted cash 6,222 6,310
Accounts receivable – net of allowance of $7,426 and $6,927 at March 31, 2020 and December 31, 2019, respectively 216,819 214,842
Identifiable intangible assets – net 355,613 284,758
Goodwill 378,152 318,483
Investments in partially owned entities 23,041 0
Other assets 82,841 61,372
Total assets 4,503,392 4,170,683
Liabilities:    
Borrowings under revolving line of credit 0 0
Accounts payable and accrued expenses 341,113 350,963
Mortgage notes, senior unsecured notes and term loans – net of unamortized deferred financing costs of $14,976 and $12,996, in the aggregate, at March 31, 2020 and December 31, 2019, respectively 1,818,869 1,695,447
Sale-leaseback financing obligations 114,893 115,759
Financing lease obligations 62,289 58,170
Operating lease obligations 55,097 62,342
Unearned revenue 17,118 16,423
Pension and postretirement benefits 11,877 12,706
Deferred tax liability – net 52,776 17,119
Multi-employer pension plan withdrawal liability 8,684 8,736
Total liabilities 2,482,716 2,337,665
Shareholders’ equity:    
Common shares of beneficial interest, $0.01 par value – authorized 325,000,000 and 250,000,000 shares; 200,265,965 and 191,799,909 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 2,003 1,918
Paid-in capital 2,818,389 2,582,087
Accumulated deficit and distributions in excess of net earnings (756,418) (736,861)
Accumulated other comprehensive loss (43,298) (14,126)
Total shareholders’ equity 2,020,676 1,833,018
Total liabilities and shareholders’ equity 4,503,392 4,170,683
Land    
Property, buildings and equipment:    
Property, plant, and equipment - gross 515,744 526,226
Buildings and improvements    
Property, buildings and equipment:    
Property, plant, and equipment - gross 2,835,697 2,696,732
Financing leases:    
Financing leases - gross 15,885 11,227
Machinery and equipment    
Property, buildings and equipment:    
Property, plant, and equipment - gross 859,709 817,617
Financing leases:    
Financing leases - gross 79,844 76,811
Assets under construction    
Property, buildings and equipment:    
Property, plant, and equipment - gross $ 102,919 $ 108,639