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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Series B Convertible Preferred Units
Qualitytech, LP
Common stock
Limited Partner
Series B Convertible Preferred Units
Qualitytech, LP
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, 2016                                         $ 952,810   $ 478 $ 931,783   $ (97,793) $ 834,468 $ 118,342 $ 952,810
Beginning balance, shares at Dec. 31, 2016                                             47,831,000            
Limited Partners' Capital, Beginning at Dec. 31, 2016                                   $ 952,810                      
Limited Partners' Capital, Beginning balance, shares at Dec. 31, 2016                                   54,628,000                      
Beginning balance, shares at Dec. 31, 2016                                     1,000                    
Net share activity through equity award plan                                   $ 1,022     1,022   $ 6 893     899 123 1,022
Net share activity through equity award plan, shares                                   582,000         582,000            
Stock Issued During Period, Shares, Conversion of Units                                             253,000            
Reclassification of noncontrolling interest upon conversion of partnership units to common stock                                             $ 3 8,352     8,355 (8,355)  
Increase (decrease) in fair value of derivative contracts                                       $ 1,449 1,449       $ 1,283   1,283 166 1,449
Equity-based compensation expense                                   $ 13,863     13,863     12,196     12,196 1,667 13,863
Proceeds net of fees from common equity offering                                   $ 107,495     107,495   $ 20 95,952     95,972 11,523 107,495
Proceeds net of fees from common equity offering (in shares)                                   2,036,000         2,036,000            
Dividends declared to common stockholders                                   $ (77,041)     (77,041)         (77,041) (77,041)   (77,041)
Dividends declared to noncontrolling interests                                                       (10,399) (10,399)
Partnership distributions                                   (10,399)     (10,399)                
Net income (loss)                                   1,457     1,457         1,282 1,282 175 1,457
Ending balance at Dec. 31, 2017                                       1,449 990,656   $ 507 1,049,176 1,283 (173,552) 877,414 113,242 990,656
Ending balance, shares at Dec. 31, 2017                                             50,702,000            
Limited Partners' Capital, Ending balance at Dec. 31, 2017                                   $ 989,207                      
Limited Partners' Capital Ending balance, shares at Dec. 31, 2017                                   57,246,000                      
Ending balance, shares at Dec. 31, 2017                                     1,000                    
Net share activity through equity award plan                                   $ (1,788)     (1,788)   $ 4 (2,717)     (2,713) 925 (1,788)
Net share activity through equity award plan, shares                                   553,000         421,000            
Increase (decrease) in fair value of derivative contracts                                       895 895       790   790 105 895
Equity-based compensation expense                                   $ 18,100     18,100     16,014     16,014 2,086 18,100
Proceeds net of fees from common equity offering     $ 103,212   $ 103,212 $ 103,212   $ 103,212 $ 103,212 $ 304,265   $ 304,265 $ 304,265   $ 304,265 $ 304,265                          
Proceeds net of fees from common equity offering (in shares)     4,280,000     4,280,000       3,163,000     3,163,000                                
Dividends declared on Preferred Stock                                         (16,666)               (16,666)
Dividends declared on Preferred Units       $ (6,046) (6,046)   $ (6,046) (6,046) (6,046)   $ (10,621) $ (10,621)   $ (10,621) (10,621) (10,621)                          
Dividends declared to common stockholders                                   (83,869)     (83,869)         (83,869) (83,869)   (83,869)
Dividends declared to noncontrolling interests                                                       (10,942) (10,942)
Partnership distributions                                   (10,942)     (10,942)                
Net income (loss)                                   (7,175)     (7,175)         (4,460) (4,460) (2,715) (7,175)
Ending balance at Dec. 31, 2018                                       2,344 1,296,687 $ 407,477 $ 511 1,062,473 2,073 (278,548) 1,193,986 102,701 1,296,687
Ending balance, shares at Dec. 31, 2018                                           7,443,000 51,123,000            
Limited Partners' Capital, Ending balance at Dec. 31, 2018                                 $ 407,477 $ 886,866                      
Limited Partners' Capital Ending balance, shares at Dec. 31, 2018                                 7,443,000 57,799,000                      
Ending balance, shares at Dec. 31, 2018                                     1,000                    
Partners' Capital, Ending Balance at Dec. 31, 2018                                         1,296,687                
Net cumulative effect upon ASC 842 adoption                                   $ (1,813)     (1,813)         (1,813) (1,813)   (1,813)
Net share activity through equity award plan                                   $ 1,825     1,825   $ 3 1,816     1,819 6 1,825
Net share activity through equity award plan, shares                                   270,000         273,000            
Increase (decrease) in fair value of derivative contracts                                       (29,843) (29,843)       (26,745)   (26,745) (3,098) (29,843)
Foreign currency translation adjustments                                       34 34       30   30 4 34
Equity-based compensation expense                                   $ 16,413     16,413     14,651     14,651 1,762 16,413
Proceeds net of fees from settlement of forward shares                                   $ 109,527     109,527   $ 28 102,854     102,882 6,645 109,527
Proceeds net of fees from settlement of forward shares (in shares)                                   2,832,000         2,832,000            
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)                                   4,000,000         4,000,000            
Dividends declared on Preferred Stock $ (20,556) $ (20,556)   $ (7,624) $ (7,624)   $ (7,624) $ (7,624) $ (7,624)         $ (20,556) $ (20,556) $ (20,556)         (28,180)               (28,180)
Dividends declared to common stockholders                                   $ (98,752)     (98,752)         (98,752) (98,752)   (98,752)
Dividends declared to noncontrolling interests                                                       (11,733) (11,733)
Partnership distributions                                   (11,733)     (11,733)                
Net income (loss)                                   31,665     31,665         31,291 31,291 374 31,665
Ending balance at Dec. 31, 2019                                       $ (27,465) 1,444,451 $ 407,435 $ 582 $ 1,330,444 $ (24,642) $ (376,002) $ 1,337,817 $ 106,634 $ 1,444,451
Ending balance, shares at Dec. 31, 2019                                           7,443,000 58,228,000            
Limited Partners' Capital, Ending balance at Dec. 31, 2019                                 $ 407,435 $ 1,064,481                      
Limited Partners' Capital Ending balance, shares at Dec. 31, 2019                                 7,443,000 64,901,000                      
Ending balance, shares at Dec. 31, 2019                                     1,000                    
Partners' Capital, Ending Balance at Dec. 31, 2019                                         $ 1,444,451