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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 12,700 $ 10,927
Adjustments to reconcile net earnings to net cash flow provided by operating activities:    
Depreciation and amortization expense 7,097 6,099
Impairment charges 1,031 771
(Gain) loss on dispositions of real estate (869) 51
Deferred rent receivable (777) (955)
Amortization of above-market and below-market leases (108) (172)
Amortization of investment in direct financing leases 982 827
Amortization of debt issuance costs 260 235
Accretion expense 466 538
Stock-based compensation 732 474
Changes in assets and liabilities:    
Accounts receivable 1,461 1,342
Prepaid expenses and other assets (188) (765)
Environmental remediation obligations (2,113) (1,873)
Accounts payable and accrued liabilities (2,800) (2,017)
Net cash flow provided by operating activities 17,874 15,482
CASH FLOWS FROM INVESTING ACTIVITIES:    
Property acquisitions (57,321)  
Addition to construction in progress 7 (151)
Proceeds from dispositions of real estate 851 77
Deposits for property acquisitions 690 50
(Issuance) of notes and mortgages receivable   (382)
Collection of notes and mortgages receivable 2,691 1,905
Net cash flow (used in) provided by investing activities (53,082) 1,499
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings under credit agreement 65,000 5,000
Repayments under credit agreement   (35,000)
Payment of finance lease obligations (153) (127)
Security deposits received (refunded) 63 (242)
Payments of cash dividends (15,163) (14,138)
Payments in settlement of restricted stock units (244) (115)
Net cash flow provided by (used in) financing activities 49,476 (44,639)
Change in cash, cash equivalents and restricted cash 14,268 (27,658)
Cash, cash equivalents and restricted cash at beginning of period 23,664 48,742
Cash, cash equivalents and restricted cash at end of period 37,932 21,084
Supplemental disclosures of cash flow information Cash paid during the period for:    
Interest 6,347 5,759
Income taxes 251 222
Environmental remediation obligations 1,325 1,532
Non-cash transactions:    
Dividends declared but not yet paid 15,632 14,555
Issuance of notes and mortgages receivable related to property dispositions 792  
ATM Program [Member]    
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock, net $ (27) $ (17)