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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income $ 33,109 $ 30,013
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 13,733 13,014
Amortization 885 833
Straight-line rental income (5,286) (6,089)
Non-cash interest income on construction loan 150 0
Gain on sale of real estate (1,654) 0
Gain on sale of marketable securities (11) 0
Share-based compensation 979 1,464
Amortization of commitment fees (68) 0
Loss from equity-method investee 402 229
Change in operating assets and liabilities:    
Equity-method investment and other assets 110 634
Accounts payable and accrued expenses 491 (3,290)
Deferred income (1,243) 1,756
Net cash provided by operating activities 41,297 38,564
Cash flows from investing activities:    
Investment in mortgage and other notes receivable (20,774) (40,773)
Collection of mortgage and other notes receivable 3,985 2,619
Investment in real estate (9,463) (10)
Investment in real estate development (7,640) (3,202)
Investment in renovations of existing real estate (453) (1,695)
Proceeds from disposition of real estate properties 3,000 0
Proceeds from sales of marketable securities 17,049 0
Net cash used in investing activities (14,296) (43,061)
Cash flows from financing activities:    
Net change in borrowings under revolving credit facilities 22,000 (266,500)
Proceeds from issuance of secured debt 0 78,084
Borrowings on term loan 0 225,000
Payments on term loans (189) (183)
Debt issuance costs 0 (1,502)
Equity offerring costs 0 (200)
Value of shares withheld from options exercised for employee tax withholding (218) 0
Proceeds from exercise of stock options 0 (1)
Distributions to noncontrolling interest (435) (436)
Dividends paid to stockholders (32,637) (28,864)
Net cash provided by (used in) financing activities (11,479) 5,400
(Decrease) increase in cash and cash equivalents 15,522 903
Cash and cash equivalents, beginning of year 13,286 3,287
Cash and cash equivalents, end of year 28,808 4,190
Supplemental disclosure of cash flow information:    
Interest Paid 7,682 7,194
Supplemental schedule of non-cash investing and financing activities:    
Accounts payable related to investments in real estate 450 893
Reclass of note balance into real estate investment $ 0 $ 255