XML 48 R37.htm IDEA: XBRL DOCUMENT
v3.22.1

Credit Losses, Financial Assets and Other Instruments (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
Credit Loss [Abstract] |
Credit Losses, Financial Assets and Other Instruments, Allowance for Credit Loss | The table below sets forth the allowance for credit losses activity for the three months ended March 31, 2022 and 2021 (in thousands):
| Investing Receivables |  | Tenant Notes Receivable (1) |  | Other Assets (2) |  |  |  |  |  | Total
December 31, 2021 | $ | 1,599 |  |  | $ | 1,057 |  |  | $ | 913 |  |  |  |  |  |  | $ | 3,569 |
Credit loss (recoveries) expense | 77 |  |  | (34) |  |  | (359) |  |  |  |  |  |  | (316) |
March 31, 2022 | $ | 1,676 |  |  | $ | 1,023 |  |  | $ | 554 |  |  |  |  |  |  | $ | 3,253 |
December 31, 2020 | $ | 2,851 |  |  | $ | 1,203 |  |  | $ | 643 |  |  |  |  |  |  | $ | 4,697 |
Credit loss recoveries | (771) |  |  | (7) |  |  | (129) |  |  |  |  |  |  | (907) |
March 31, 2021 | $ | 2,080 |  |  | $ | 1,196 |  |  | $ | 514 |  |  |  |  |  |  | $ | 3,790 |
(1)Included in the line entitled “accounts receivable, net” on our consolidated balance sheets. (2)The balance as of March 31, 2022 and December 31, 2021 included $154,000 and $218,000, respectively, in the line entitled “accounts receivable, net” and $400,000 and $695,000, respectively, in the line entitled “prepaid expenses and other assets, net” on our consolidated balance sheets. The balance as of March 31, 2021 and December 31, 2020 included $40,000 and $257,000, respectively, in the line entitled “accounts receivable, net” and $474,000 and $386,000, respectively, in the line entitled “prepaid expenses and other assets, net” on our consolidated balance sheets.
Financing Receivable Credit Quality Indicator | The following table presents the amortized cost basis of our investing receivables, tenant notes receivable and sales-type lease receivables by credit risk classification, by origination year as of March 31, 2022 (in thousands):
| Origination Year |  |
| 2017 and Earlier |  | 2018 |  | 2019 |  | 2020 |  | 2021 |  |  |  | Total
Investing receivables: |  |  |  |  |  |  |  |  |  |  |  |  |
Credit risk classification: |  |  |  |  |  |  |  |  |  |  |  |  |
Investment grade | $ | 71,682 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,715 |  |  | $ | 5,656 |  |  |  |  | $ | 79,053 |
Non-investment grade | — |  |  | — |  |  | 5,040 |  |  | — |  |  | — |  |  |  |  | 5,040 |
Total | $ | 71,682 |  |  | $ | — |  |  | $ | 5,040 |  |  | $ | 1,715 |  |  | $ | 5,656 |  |  |  |  | $ | 84,093 |
Tenant notes receivable: |  |  |  |  |  |  |  |  |  |  |  |  |
Credit risk classification: |  |  |  |  |  |  |  |  |  |  |  |  |
Investment grade | $ | — |  |  | $ | 888 |  |  | $ | 58 |  |  | $ | 252 |  |  | $ | — |  |  |  |  | $ | 1,198 |
Non-investment grade | 194 |  |  | 124 |  |  | 126 |  |  | 1,685 |  |  | — |  |  |  |  | 2,129 |
Total | $ | 194 |  |  | $ | 1,012 |  |  | $ | 184 |  |  | $ | 1,937 |  |  | $ | — |  |  |  |  | $ | 3,327 |
Sales-type lease receivables: |  |  |  |  |  |  |  |  |  |  |  |  |
Credit risk classification: |  |  |  |  |  |  |  |  |  |  |  |  |
Investment grade | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 6,065 |  |  | $ | — |  |  |  |  | $ | 6,065 |

X
- Definition Schedule of Credit Losses, Financial Assets and Other Instruments, Allowance for Credit Loss [Table Text Block] + References No definition available. + Details
Name: | ofc_ScheduleofCreditLossesFinancialAssetsandOtherInstrumentsAllowanceforCreditLossTableTextBlock
Namespace Prefix: | ofc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=124255953&loc=SL82919230-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=123577603&loc=SL6953659-111524 + Details
Name: | us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration