XML 54 R39.htm IDEA: XBRL DOCUMENT v3.22.4

Prepaid Expenses and Other Assets, Net (Tables)

12 Months Ended

Dec. 31, 2022

Prepaid Expense and Other Assets [Abstract]

Schedule of prepaid expenses and other assets

Prepaid expenses and other assets, net consisted of the following (in thousands):

 

			December 31,
			2022						2021
Construction contract costs in excess of billings, net			$	22,331					$	22,384
Prepaid expenses			21,058						20,058
Furniture, fixtures and equipment, net			8,286						9,599
Non-real estate equity investments			5,974						5,544
Net investment in sales-type leases			5,666						6,194
Deferred financing costs, net (1)			5,210						1,314
Deposits			4,616						3,910
Restricted cash			4,172						4,054
Interest rate derivatives			2,631						355
Property - finance right-of-use assets			2,207						2,238
Marketable securities in deferred compensation plan			1,831						2,556
Deferred tax asset, net			1,405						1,841
Other assets			1,230						1,443
Prepaid expenses and other assets, net			$	86,617					$	81,490

(1)Represents deferred costs, net of accumulated amortization, attributable to our Revolving Credit Facility and interest rate derivatives.

Schedule of tax effects of temporary differences and carry forwards in net deferred tax assets

Deferred tax asset, net reported above includes the following tax effects of temporary differences and carry forwards of our TRS (in thousands):

			December 31,
			2022						2021
Operating loss carry forward			$	1,533					$	1,835
Property			(128)						30
Valuation allowance			—						(24)
Deferred tax asset, net			$	1,405					$	1,841

X

- Definition

Tabular disclosure of the carrying amounts of prepaid expenses and other assets, by major class.

+ References

No definition available.

+ Details

Name:	ofc_ScheduleOfPrepaidAndOtherAssetsTableTextBlock
Namespace Prefix:	ofc_
Data Type:	dtr-types: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

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration