XML 14 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Assets:    
Land $ 656,240 $ 676,091
Buildings and improvements, less accumulated depreciation of $919,863 and $889,857 as of June 30, 2016 and December 31, 2015, respectively 2,780,501 2,837,463
Intangible lease assets, less accumulated amortization of $95,908 and $93,012 as of June 30, 2016 and December 31, 2015, respectively 71,794 84,663
Construction in progress 25,187 20,975
Real estate assets held for sale, net 69,766 76,614
Total real estate assets 3,603,488 3,695,806
Investments in and amounts due from unconsolidated joint ventures 7,413 7,577
Cash and cash equivalents 21,109 5,441
Tenant receivables, net of allowance for doubtful accounts of $141 and $83 as of June 30, 2016 and December 31, 2015, respectively 21,338 26,339
Straight-line rent receivables 154,627 147,393
Note receivable 0 45,400
Restricted cash and escrows 10,595 5,174
Prepaid expenses and other assets 29,731 24,777
Goodwill 180,097 180,097
Deferred lease costs, less accumulated amortization of $157,609 and $146,700 as of June 30, 2016 and December 31, 2015, respectively 261,340 288,041
Other assets held for sale, net 8,761 8,490
Total assets 4,298,499 4,434,535
Liabilities:    
Unsecured debt, net of discount and unamortized debt issuance costs of $11,551 and $12,779 as of June 30, 2016 and December 31, 2015, respectively 1,508,449 1,528,221
Secured debt, net of premiums and unamortized debt issuance costs of $1,249 and $1,319 as of June 30, 2016 and December 31, 2015, respectively 375,865 501,289
Accounts payable, accrued expenses, and accrued capital expenditures 122,387 128,465
Deferred income 24,036 27,270
Intangible lease liabilities, less accumulated amortization of $45,130 and $42,315 as of June 30, 2016 and December 31, 2015, respectively 38,970 42,853
Interest rate swaps 22,079 9,993
Total liabilities 2,091,786 2,238,091
Commitments and Contingencies 0 0
Stockholders’ Equity:    
Shares-in-trust, 150,000,000 shares authorized; none outstanding as of June 30, 2016 or December 31, 2015 0 0
Preferred stock, no par value, 100,000,000 shares authorized; none outstanding as of June 30, 2016 or December 31, 2015 0 0
Common stock, $.01 par value, 750,000,000 shares authorized; 145,229,642 and 145,511,644 shares issued and outstanding as of June 30, 2016 and December 31, 2015, respectively 1,452 1,455
Additional paid-in capital 3,671,475 3,669,977
Cumulative distributions in excess of earnings (1,456,129) (1,477,674)
Other comprehensive income/(loss) (11,110) 1,661
Piedmont stockholders’ equity 2,205,688 2,195,419
Noncontrolling interest 1,025 1,025
Total stockholders’ equity 2,206,713 2,196,444
Total liabilities and stockholders’ equity $ 4,298,499 $ 4,434,535