XML 91 R26.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Segment Information | 12 Months Ended
--- | ---
Dec. 31, 2014
Segment Reporting [Abstract] |
Segment Information | Segment Information Our principal business is the operation, acquisition and development of rental real estate properties. We evaluate our business by product type and by geographic location. Each product type has different customers and economic characteristics as to rental rates and terms, cost per rentable square foot of buildings, the purposes for which customers use the space, the degree of maintenance and customer support required and customer dependency on different economic drivers, among others. The operating results by geographic grouping are also regularly reviewed by our chief operating decision maker for assessing performance and other purposes. There are no material inter-segment transactions. Our accounting policies of the segments are the same as those used in our Consolidated Financial Statements. All operations are within the United States. The following tables summarize the rental and other revenues and net operating income, the primary industry property-level performance metric used by our chief operating decision maker which is defined as rental and other revenues less rental property and other expenses, for each of our reportable segments:
| Year Ended December 31,
| 2014 |  | 2013 |  | 2012
Rental and Other Revenues: |  |  |  |  |
Office: |  |  |  |  |
Atlanta, GA | $ | 96,075 |  |  | $ | 80,330 |  |  | $ | 60,474 |
Greensboro, NC | 25,018 |  |  | 26,047 |  |  | 19,489 |
Greenville, SC | 2,140 |  |  | 3,399 |  |  | 3,269 |
Kansas City, MO | 16,558 |  |  | 16,303 |  |  | 14,995 |
Memphis, TN | 41,016 |  |  | 38,369 |  |  | 36,812 |
Nashville, TN | 80,722 |  |  | 62,054 |  |  | 56,512 |
Orlando, FL | 36,574 |  |  | 21,798 |  |  | 9,052 |
Pittsburgh, PA | 56,692 |  |  | 56,125 |  |  | 38,776 |
Raleigh, NC | 87,428 |  |  | 85,417 |  |  | 81,581 |
Richmond, VA | 45,559 |  |  | 47,576 |  |  | 47,284 |
Tampa, FL | 69,693 |  |  | 68,519 |  |  | 66,287 |
Total Office Segment | 557,475 |  |  | 505,937 |  |  | 434,531 |
Industrial: |  |  |  |  |
Atlanta, GA | 657 |  |  | 827 |  |  | 812 |
Greensboro, NC | 11,555 |  |  | 12,170 |  |  | 12,512 |
Total Industrial Segment | 12,212 |  |  | 12,997 |  |  | 13,324 |
Retail: |  |  |  |  |
Kansas City, MO | 38,781 |  |  | 37,876 |  |  | 37,191 |
Total Retail Segment | 38,781 |  |  | 37,876 |  |  | 37,191 |
Total Rental and Other Revenues | $ | 608,468 |  |  | $ | 556,810 |  |  | $ | 485,046 |
19. | Segment Information - Continued
| Year Ended December 31,
| 2014 |  | 2013 |  | 2012
Net Operating Income: |  |  |  |  |
Office: |  |  |  |  |
Atlanta, GA | $ | 58,180 |  |  | $ | 49,650 |  |  | $ | 38,186 |
Greensboro, NC | 15,784 |  |  | 16,788 |  |  | 12,282 |
Greenville, SC | 1,150 |  |  | 1,893 |  |  | 1,701 |
Kansas City, MO | 10,769 |  |  | 10,694 |  |  | 9,509 |
Memphis, TN | 24,376 |  |  | 22,133 |  |  | 21,831 |
Nashville, TN | 55,354 |  |  | 42,598 |  |  | 38,801 |
Orlando, FL | 21,286 |  |  | 12,048 |  |  | 4,334 |
Pittsburgh, PA | 31,505 |  |  | 31,134 |  |  | 19,530 |
Raleigh, NC | 61,317 |  |  | 60,075 |  |  | 56,584 |
Richmond, VA | 30,021 |  |  | 32,454 |  |  | 32,382 |
Tampa, FL | 40,875 |  |  | 41,573 |  |  | 41,306 |
Total Office Segment | 350,617 |  |  | 321,040 |  |  | 276,446 |
Industrial: |  |  |  |  |
Atlanta, GA | 364 |  |  | 492 |  |  | 468 |
Greensboro, NC | 8,350 |  |  | 8,937 |  |  | 9,142 |
Total Industrial Segment | 8,714 |  |  | 9,429 |  |  | 9,610 |
Retail: |  |  |  |  |
Kansas City, MO | 23,724 |  |  | 23,074 |  |  | 22,510 |
Total Retail Segment | 23,724 |  |  | 23,074 |  |  | 22,510 |
Residential: |  |  |  |  |
Raleigh, NC | — |  |  | — |  |  | (178 | )
Total Residential Segment | — |  |  | — |  |  | (178 | )
Corporate and other | (91 | ) |  | (77 | ) |  | (86 | )
Total Net Operating Income | 382,964 |  |  | 353,466 |  |  | 308,302 |
Reconciliation to income from continuing operations before disposition of investment properties and activity in unconsolidated affiliates: |  |  |  |  |
Depreciation and amortization | (196,023 | ) |  | (176,957 | ) |  | (146,357 | )
Impairments of real estate assets | (588 | ) |  | — |  |  | — |
General and administrative expenses | (36,223 | ) |  | (37,193 | ) |  | (37,377 | )
Interest expense | (85,852 | ) |  | (92,703 | ) |  | (96,114 | )
Other income | 5,131 |  |  | 6,398 |  |  | 6,380 |
Income from continuing operations before disposition of investment properties and activity in unconsolidated affiliates | $ | 69,409 |  |  | $ | 53,011 |  |  | $ | 34,834 |
19. | Segment Information - Continued
| December 31,
| 2014 |  | 2013
Total Assets: |  |  |
Office: |  |  |
Atlanta, GA | $ | 700,085 |  |  | $ | 699,263 |
Greensboro, NC | 139,479 |  |  | 164,885 |
Greenville, SC | — |  |  | 15,890 |
Kansas City, MO | 82,304 |  |  | 83,124 |
Memphis, TN | 280,186 |  |  | 249,479 |
Nashville, TN | 527,317 |  |  | 490,887 |
Orlando, FL | 291,611 |  |  | 226,314 |
Pittsburgh, PA | 334,539 |  |  | 335,798 |
Raleigh, NC | 669,450 |  |  | 494,208 |
Richmond, VA | 215,987 |  |  | 241,739 |
Tampa, FL | 420,828 |  |  | 424,287 |
Total Office Segment | 3,661,786 |  |  | 3,425,874 |
Industrial: |  |  |
Atlanta, GA | 12,063 |  |  | 25,936 |
Greensboro, NC | 67,471 |  |  | 74,836 |
Total Industrial Segment | 79,534 |  |  | 100,772 |
Retail: |  |  |
Kansas City, MO | 159,390 |  |  | 161,779 |
Total Retail Segment | 159,390 |  |  | 161,779 |
Corporate and other | 104,199 |  |  | 118,676 |
Total Assets | $ | 4,004,909 |  |  | $ | 3,807,101 |

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration