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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Total revenues $ 497,458 $ 466,182 $ 1,464,049 $ 1,297,721
Operating expenses:        
Depreciation, depletion and amortization 53,569 45,065 157,572 115,598
Selling, general and administrative 35,969 32,476 105,202 96,262
Acquisition, litigation and other 5,282 3,780 9,771 30,237
Impairment of long-lived assets 2,615 0 6,282 13,485
Loss (gain) from sale of real estate 427 0 (21,448) 34
Total operating expenses 460,001 426,797 1,322,369 1,212,834
Operating income 37,457 39,385 141,680 84,887
Other income (expense):        
Interest expense (23,066) (24,907) (70,114) (70,581)
Interest income 179 1,798 1,027 5,206
Bridge loan commitment fees 0 0 0 (2,665)
Loss on debt extinguishment and modifications 0 0 (781) 0
Foreign currency exchange loss, net (196) (43) (373) (66)
Other expense, net (1,083) (249) (168) (1,007)
Gain from sale of partially owned entities 0 4,297 0 4,297
Loss from investments in partially owned entities (98) (165) (254) (111)
Income before income tax (expense) benefit 13,193 20,116 71,017 19,960
Income tax (expense) benefit:        
Current (2,103) (834) (6,823) (4,828)
Deferred 1,284 7,809 4,353 12,221
Total income tax (expense) benefit (819) 6,975 (2,470) 7,393
Net income $ 12,374 $ 27,091 $ 68,547 $ 27,353
Weighted average common shares outstanding – basic (in shares) 204,289 192,325 202,380 175,010
Weighted average common shares outstanding – diluted (in shares) 208,500 197,363 206,051 178,970
Net income per common share of beneficial interest - basic (in USD per share) $ 0.06 $ 0.14 $ 0.33 $ 0.15
Net income per common share of beneficial interest - diluted (in USD per share) $ 0.06 $ 0.14 $ 0.33 $ 0.15
Third-party managed services        
Operating expenses:        
Impairment of long-lived assets     $ 2,600  
Operating Segments        
Revenues:        
Total revenues $ 497,458 $ 466,182 1,464,049 $ 1,297,721
Operating expenses:        
Operating income 135,319 120,706 399,059 340,503
Operating Segments | Rent, storage and warehouse services        
Revenues:        
Total revenues 388,024 365,593 1,141,503 993,439
Operating expenses:        
Cost of operations 260,268 252,185 766,842 675,395
Operating income 127,756 113,408 374,661 318,044
Operating Segments | Third-party managed services        
Revenues:        
Total revenues 75,338 62,846 213,213 188,497
Operating expenses:        
Cost of operations 71,945 60,263 202,752 179,851
Operating income 3,393 2,583 10,461 8,646
Operating Segments | Transportation services        
Revenues:        
Total revenues 34,096 35,685 104,874 109,273
Operating expenses:        
Cost of operations 29,909 31,045 91,110 96,071
Operating income 4,187 4,640 13,764 13,202
Operating Segments | Other        
Revenues:        
Total revenues 0 2,058 4,459 6,512
Operating expenses:        
Cost of operations 17 1,983 4,286 5,901
Operating income $ (17) $ 75 $ 173 $ 611