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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating Activities    
Net income $ 34,049 $ 20,525
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 24,764 37,642
Amortization of debt issuance costs and bond discount 891 832
Equity in income of joint ventures (972) (721)
Distributions from unconsolidated joint ventures 2,037 1,357
Non-vested stock earned 1,495 1,612
Stock option expense 4 4
Deferred income taxes 148  
Changes in assets and liabilities (excluding the effects of acquisitions):    
Accounts receivable 45 (281)
Prepaid expenses (10,578) (3,773)
Receipts from (advances to) joint ventures 497 (73)
Accounts payable and other liabilities (23,749) (29,033)
Deferred revenue 973 48
Net cash provided by operating activities 29,604 28,139
Investing Activities    
Acquisitions of storage facilities, net of cash acquired   (9,576)
Improvements, equipment additions, and construction in progress (8,755) (20,739)
Investment in unconsolidated joint ventures (706) (22,387)
Property deposit 29  
Net cash used in investing activities (9,432) (52,702)
Financing Activities    
Net proceeds from sale of common stock/partnership units   4,216
Proceeds from line of credit 68,000 73,000
Repayments of line of credit (43,000) (27,000)
Dividends paid - common stock (46,121) (44,113)
Distributions to noncontrolling interest holders (217) (207)
Mortgage principal payments (93) (89)
Net cash (used in) provided by financing activities (21,431) 5,807
Net decrease in cash and restricted cash (1,259) (18,756)
Cash and restricted cash at beginning of period 9,459 23,923
Cash and restricted cash at end of period 8,200 5,167
Supplemental cash flow information    
Cash paid for interest, net of interest capitalized 19,140 21,993
Cash paid for income taxes, net of refunds 322 220
Life Storage LP [Member]    
Operating Activities    
Net income 34,049 20,525
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 24,764 37,642
Amortization of debt issuance costs and bond discount 891 832
Equity in income of joint ventures (972) (721)
Distributions from unconsolidated joint ventures 2,037 1,357
Non-vested stock earned 1,495 1,612
Stock option expense 4 4
Deferred income taxes 148  
Changes in assets and liabilities (excluding the effects of acquisitions):    
Accounts receivable 45 (281)
Prepaid expenses (10,578) (3,773)
Receipts from (advances to) joint ventures 497 (73)
Accounts payable and other liabilities (23,749) (29,033)
Deferred revenue 973 48
Net cash provided by operating activities 29,604 28,139
Investing Activities    
Acquisitions of storage facilities, net of cash acquired   (9,576)
Improvements, equipment additions, and construction in progress (8,755) (20,739)
Investment in unconsolidated joint ventures (706) (22,387)
Property deposit 29  
Net cash used in investing activities (9,432) (52,702)
Financing Activities    
Net proceeds from sale of common stock/partnership units   4,216
Proceeds from line of credit 68,000 73,000
Repayments of line of credit (43,000) (27,000)
Distributions to unitholders (46,121) (44,113)
Distributions to noncontrolling interest holders (217) (207)
Mortgage principal payments (93) (89)
Net cash (used in) provided by financing activities (21,431) 5,807
Net decrease in cash and restricted cash (1,259) (18,756)
Cash and restricted cash at beginning of period 9,459 23,923
Cash and restricted cash at end of period 8,200 5,167
Supplemental cash flow information    
Cash paid for interest, net of interest capitalized 19,140 21,993
Cash paid for income taxes, net of refunds $ 322 $ 220