XML 79 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Total revenues $ 484,069 $ 393,079
Operating expenses:    
Depreciation, depletion and amortization 51,604 30,096
Selling, general and administrative 36,893 31,117
Acquisition, litigation and other 1,688 8,493
Impairment of long-lived assets 0 12,555
Gain from sale of real estate (2,461) 0
Total operating expenses 436,391 376,662
Operating income 47,678 16,417
Other income (expense):    
Interest expense (23,870) (21,576)
Interest income 587 1,003
Loss on debt extinguishment and modifications (781) 0
Foreign currency exchange (loss) gain, net (492) 60
Other income (expense), net 871 (167)
(Loss) income from investments in partially owned entities (27) 122
Income (loss) before income tax (expense) benefit 23,966 (4,141)
Income tax (expense) benefit:    
Current (2,557) (1,548)
Deferred 2,102 1,060
Total income tax expense (455) (488)
Net income (loss) $ 23,511 $ (4,629)
Weighted average common shares outstanding – basic (in shares) 200,707 149,404
Weighted average common shares outstanding – diluted (in shares) 203,783 149,404
Net income (loss) per common share of beneficial interest - basic (in USD per share) $ 0.12 $ (0.03)
Net income (loss) per common share of beneficial interest - diluted (in USD per share) $ 0.11 $ (0.03)
Operating Segments    
Revenues:    
Total revenues $ 484,069 $ 393,079
Operating expenses:    
Operating income 135,402 98,678
Operating Segments | Rent, storage and warehouse services    
Revenues:    
Total revenues 381,068 289,615
Operating expenses:    
Cost of operations 254,295 198,796
Operating income 126,773 90,819
Operating Segments | Third-party managed services    
Revenues:    
Total revenues 64,921 64,136
Operating expenses:    
Cost of operations 61,152 60,877
Operating income 3,769 3,259
Operating Segments | Transportation services    
Revenues:    
Total revenues 35,917 37,096
Operating expenses:    
Cost of operations 31,112 32,740
Operating income 4,805 4,356
Operating Segments | Other    
Revenues:    
Total revenues 2,163 2,232
Operating expenses:    
Cost of operations 2,108 1,988
Operating income $ 55 $ 244