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INTERIM CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
shares in Thousands, $ in Thousands
Series A Preferred Stock
Qualitytech, LP
Preferred stock
Limited Partner
Series A Preferred Stock
Qualitytech, LP
Common stock
Limited Partner
Series A Preferred Stock
Qualitytech, LP
Series A Preferred Stock
Preferred stock
Series A Preferred Stock
Accumulated dividends in excess of earnings
Series A Preferred Stock
Total stockholders' Equity
Series A Preferred Stock
Series B Preferred Stock
Qualitytech, LP
Preferred stock
Limited Partner
Series B Preferred Stock
Qualitytech, LP
Common stock
Limited Partner
Series B Preferred Stock
Qualitytech, LP
Series B Preferred Stock
Preferred stock
Series B Preferred Stock
Accumulated dividends in excess of earnings
Series B Preferred Stock
Total stockholders' Equity
Series B Preferred Stock
Qualitytech, LP
Preferred stock
Limited Partner
Qualitytech, LP
Common stock
Limited Partner
Qualitytech, LP
Common stock
General Partner
Qualitytech, LP
Accumulated other comprehensive income (loss)
Qualitytech, LP
Preferred stock
Common stock
Additional paid-in capital
Accumulated other comprehensive income (loss)
Accumulated dividends in excess of earnings
Total stockholders' Equity
Noncontrolling interests
Total
Beginning balance at Dec. 31, 2017                               $ 989,207 $ 1 $ 1,449 $ 990,656   $ 507 $ 1,049,176 $ 1,283 $ (173,552) $ 877,414 $ 113,242 $ 990,656
Beginning balance, shares at Dec. 31, 2017                               57,246         50,702            
Net share activity through equity award plan                               $ (238)     (238)   $ 4 (1,311)     (1,307) 1,069 (238)
Net share activity through equity award plan, shares                               564         434            
Increase (decrease) in fair value of derivative contracts                                   5,982 5,982       5,290   5,290 692 5,982
Equity-based compensation expense                               $ 4,898     4,898     4,337     4,337 561 4,898
Proceeds net of fees from common equity offering $ 103,184   $ 103,184 $ 103,184   $ 103,184 $ 103,184                                        
Proceeds net of fees from common equity offering (in shares) 4,280     4,280                                              
Dividends declared on Preferred Stock         $ (328) (328) (328)                                        
Dividends declared on Preferred Units   $ (328) (328)                                                
Dividends declared to common shareholders                               (20,971)     (20,971)         (20,971) (20,971)   (20,971)
Dividends declared to noncontrolling interests                                                   (2,736) (2,736)
Partnership distributions                               (2,736)     (2,736)                
Net income (loss)                               (252)     (252)         (223) (223) (29) (252)
Ending balance at Mar. 31, 2018                             $ 103,184 $ 969,580 1 7,431 1,080,195 $ 103,184 $ 511 1,052,202 6,573 (195,074) 967,396 112,799 1,080,195
Ending balance, shares at Mar. 31, 2018                             4,280 57,810       4,280 51,136            
Beginning balance at Dec. 31, 2017                               $ 989,207 1 1,449 990,656   $ 507 1,049,176 1,283 (173,552) 877,414 113,242 990,656
Beginning balance, shares at Dec. 31, 2017                               57,246         50,702            
Increase (decrease) in fair value of derivative contracts                                     8,545               8,545
Dividends declared on Preferred Stock                                     (2,576)               (2,576)
Net income (loss)                                     (6,685)               (6,685)
Ending balance at Jun. 30, 2018                             $ 407,638 $ 942,278 1 9,994 1,359,910                
Ending balance, shares at Jun. 30, 2018                             7,443 57,818                      
Ending balance at Jun. 30, 2018                                       $ 407,638 $ 511 1,056,667 8,840 (223,724) 1,249,932 109,978 1,359,910
Ending balance, shares at Jun. 30, 2018                                       7,443 51,141            
Beginning balance at Mar. 31, 2018                             $ 103,184 $ 969,580 1 7,431 1,080,195 $ 103,184 $ 511 1,052,202 6,573 (195,074) 967,396 112,799 1,080,195
Beginning balance, shares at Mar. 31, 2018                             4,280 57,810       4,280 51,136            
Net share activity through equity award plan                               $ (624)     (624)     (586)     (586) (38) (624)
Net share activity through equity award plan, shares                               8         5            
Increase (decrease) in fair value of derivative contracts                                   2,563 2,563       2,267   2,267 296 2,563
Equity-based compensation expense                               $ 5,710     5,710     5,051     5,051 659 5,710
Adjustment to expenses net $ 28   28                                                
Proceeds net of fees from common equity offering       $ 28   28 28 $ 304,426   $ 304,426 $ 304,426   $ 304,426 $ 304,426                          
Proceeds net of fees from common equity offering (in shares)               3,163     3,163                                
Dividends declared on Preferred Stock         (1,905) (1,905) (1,905)         $ (343) (343) (343)         (2,248)               (2,248)
Dividends declared on Preferred Units   (1,905) (1,905)           $ (343) (343)                                  
Dividends declared to common shareholders                               (20,971)     (20,971)         (20,971) (20,971)   (20,971)
Dividends declared to noncontrolling interests                                                   (2,736) (2,736)
Partnership distributions                               (2,736)     (2,736)                
Net income (loss)                               (6,433)     (6,433)         (5,431) (5,431) (1,002) (6,433)
Ending balance at Jun. 30, 2018                             $ 407,638 $ 942,278 1 9,994 1,359,910                
Ending balance, shares at Jun. 30, 2018                             7,443 57,818                      
Ending balance at Jun. 30, 2018                                       $ 407,638 $ 511 1,056,667 8,840 (223,724) 1,249,932 109,978 1,359,910
Ending balance, shares at Jun. 30, 2018                                       7,443 51,141            
Beginning balance at Dec. 31, 2018                             $ 407,477 $ 886,866 1 2,344 1,296,687 $ 407,477 $ 511 1,062,473 2,073 (278,548) 1,193,986 102,701 1,296,687
Beginning balance, shares at Dec. 31, 2018                             7,443 57,799       7,443 51,123            
Partners' Capital, Beginning Balance at Dec. 31, 2018                                     1,296,687                
Net share activity through equity award plan                               $ 741     741   $ 3 660     663 78 741
Net share activity through equity award plan, shares                               229         231            
Increase (decrease) in fair value of derivative contracts                                   (9,853) (9,853)       (8,775)   (8,775) (1,078) (9,853)
Equity-based compensation expense                               $ 3,300     3,300     2,928     2,928 372 3,300
Net cumulative effect upon ASC 842 adoption                               (1,813)     (1,813)         (1,813) (1,813)   (1,813)
Adjustment to expenses net               $ (42)   (42) $ (42)   (42) (42)                          
Proceeds net of fees from common equity offering                               $ 158,663     158,663   $ 40 148,650     148,690 9,973 158,663
Proceeds net of fees from common equity offering (in shares)                               4,000         4,000            
Dividends declared on Preferred Stock         (1,906) (1,906) (1,906)         (5,139) (5,139) (5,139)                          
Dividends declared on Preferred Units   (1,906) (1,906)           (5,139) (5,139)                                  
Dividends declared to common shareholders                               $ (24,371)     (24,371)         (24,371) (24,371)   (24,371)
Dividends declared to noncontrolling interests                                                   (2,935) (2,935)
Partnership distributions                               (2,935)     (2,935)                
Net income (loss)                               21,148     21,148         19,558 19,558 1,590 21,148
Ending balance at Mar. 31, 2019                             $ 407,435 $ 1,034,554 1 (7,509) 1,434,480 $ 407,435 $ 554 1,214,711 (6,702) (292,219) 1,323,779 110,701 1,434,480
Ending balance, shares at Mar. 31, 2019                             7,443 62,028       7,443 55,354            
Beginning balance at Dec. 31, 2018                             $ 407,477 $ 886,866 1 2,344 1,296,687 $ 407,477 $ 511 1,062,473 2,073 (278,548) 1,193,986 102,701 1,296,687
Beginning balance, shares at Dec. 31, 2018                             7,443 57,799       7,443 51,123            
Partners' Capital, Beginning Balance at Dec. 31, 2018                                     1,296,687                
Increase (decrease) in fair value of derivative contracts                                     (28,459)               (28,459)
Dividends declared on Preferred Stock                                     (14,090)               (14,090)
Net income (loss)                                     28,683               28,683
Ending balance at Jun. 30, 2019                             $ 407,435 $ 1,012,210 1 (26,115) 1,393,530               1,393,530
Ending balance, shares at Jun. 30, 2019                             7,443 62,059                      
Ending balance at Jun. 30, 2019                                       $ 407,435 $ 554 1,219,048 (23,310) (316,158) 1,287,569 105,961 1,393,530
Ending balance, shares at Jun. 30, 2019                                       7,443 55,391            
Partners' Capital, Ending Balance at Jun. 30, 2019                                     1,393,530                
Beginning balance at Mar. 31, 2019                             $ 407,435 $ 1,034,554 1 (7,509) 1,434,480 $ 407,435 $ 554 1,214,711 (6,702) (292,219) 1,323,779 110,701 1,434,480
Beginning balance, shares at Mar. 31, 2019                             7,443 62,028       7,443 55,354            
Net share activity through equity award plan                               $ 179     179     505     505 (326) 179
Net share activity through equity award plan, shares                               31         37            
Increase (decrease) in fair value of derivative contracts                                   (18,606) (18,606)       (16,608)   (16,608) (1,998) (18,606)
Equity-based compensation expense                               $ 4,296     4,296     3,832     3,832 464 4,296
Dividends declared on Preferred Stock         $ (1,906) $ (1,906) $ (1,906)         $ (5,139) $ (5,139) $ (5,139)         (7,045)               (7,045)
Dividends declared on Preferred Units   $ (1,906) $ (1,906)           $ (5,139) $ (5,139)                                  
Dividends declared to common shareholders                               (24,377)     (24,377)         (24,377) (24,377)   (24,377)
Dividends declared to noncontrolling interests                                                   (2,932) (2,932)
Partnership distributions                               (2,932)     (2,932)                
Net income (loss)                               7,535     7,535         7,483 7,483 52 7,535
Ending balance at Jun. 30, 2019                             $ 407,435 $ 1,012,210 $ 1 $ (26,115) 1,393,530               1,393,530
Ending balance, shares at Jun. 30, 2019                             7,443 62,059                      
Ending balance at Jun. 30, 2019                                       $ 407,435 $ 554 $ 1,219,048 $ (23,310) $ (316,158) $ 1,287,569 $ 105,961 $ 1,393,530
Ending balance, shares at Jun. 30, 2019                                       7,443 55,391            
Partners' Capital, Ending Balance at Jun. 30, 2019                                     $ 1,393,530