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Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Schedule of Operating Activity for Reporting Units

The table below presents the operating activity of the Company’s reportable segments:

			Three Months Ended March 31,
			2020						2019
Office segment
Office revenues			$	186,427					$	175,858
Office expenses			(63,860)						(60,815)
Office segment profit			122,567						115,043
Studio segment
Studio revenues			19,800						21,531
Studio expenses			(10,650)						(11,109)
Studio segment profit			9,150						10,422
TOTAL SEGMENT PROFIT			$	131,717					$	125,465
Segment revenues			$	206,227					$	197,389
Segment expenses			(74,510)						(71,924)
TOTAL SEGMENT PROFIT			$	131,717					$	125,465

The table below is a reconciliation of the total profit from all segments to net income:

			Three Months Ended March 31, 2020
			2020						2019
NET INCOME (LOSS)			$	13,949					$	(36,895)
General and administrative			18,618						18,094
Depreciation and amortization			73,763						68,505
Loss from unconsolidated real estate entity			236						—
Fee income			(610)						—
Interest expense			26,417						24,350
Interest income			(1,025)						(1,024)
Transaction-related expenses			102						128
Unrealized loss on non-real estate investment			581						—
Impairment loss			—						52,201
Other (income) expense			(314)						106
TOTAL PROFIT FROM ALL SEGMENTS			$	131,717					$	125,465

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
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No definition available.

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