XML 41 R17.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Prepaid Expenses and Other Assets, Net | 12 Months Ended
--- | ---
Dec. 31, 2015
Prepaid Expense and Other Assets [Abstract] |
Prepaid Expenses and Other Assets, Net | Prepaid Expenses and Other Assets, Net Prepaid expenses and other assets, net consisted of the following (in thousands):
| December 31,
| 2015 |  | 2014
Prepaid expenses | $ | 23,009 |  |  | $ | 20,570 |
Lease incentives | 11,133 |  |  | 13,344 |
Furniture, fixtures and equipment, net | 6,004 |  |  | 6,637 |
Deferred financing costs, net (1) | 5,867 |  |  | 4,849 |
Deferred tax asset, net | 3,467 |  |  | 4,002 |
Construction contract costs incurred in excess of billings | 3,261 |  |  | 6,656 |
Equity method investments | 1,636 |  |  | 2,368 |
Other assets | 5,647 |  |  | 2,875 |
Prepaid expenses and other assets, net | $ | 60,024 |  |  | $ | 61,301 |
(1) Represents deferred costs, net of accumulated amortization, attributable to our Revolving Credit Facility and interest rate derivatives. Deferred tax asset, net reported above includes the following tax effects of temporary differences and carry forwards of our TRS (in thousands):
|  | December 31,
|  | 2015 |  | 2014
Operating loss carry forward |  | $ | 5,065 |  |  | $ | 5,012 |
Share-based compensation |  | 363 |  |  | 976 |
Accrued payroll |  | 133 |  |  | 195 |
Property |  | (32 | ) |  | (119 | )
Valuation allowance |  | (2,062 | ) |  | (2,062 | )
Deferred tax asset, net |  | $ | 3,467 |  |  | $ | 4,002 |
We recognize a valuation allowance on our deferred tax asset if we believe all or some portion of the asset may not be realized. An increase or decrease in the valuation allowance resulting from a change in circumstances that causes a change in our judgment about the realizability of our deferred tax asset is included in income. The deferred tax asset valuation allowance is due to a decrease in future projected operating income in our TRS resulting primarily from our dispositions of certain properties to which the TRS provided amenity services and our planned reduction in amenity services provided by the TRS at certain other properties. We believe it is more likely than not that the results of future operations in our TRS will generate sufficient taxable income to realize our December 31, 2015 net deferred tax asset.

X
- Definition This block of text may be used to disclose part or all of the information related to prepaid expenses and other assets. + References No definition available. + Details
Name: | ofc_PrepaidExpensesAndOtherAssetsTextBlock
Namespace Prefix: | ofc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_PrepaidExpenseAndOtherAssetsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration