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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 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 June 30,																		Six Months Ended June 30,
			2020						2019						2020						2019
Office segment
Office revenues			$	184,308					$	179,047					$	370,735					$	354,905
Office expenses			(64,611)						(60,896)						(128,471)						(121,711)
Office segment profit			119,697						118,151						242,264						233,194
Studio segment
Studio revenues			14,302						17,609						34,102						39,140
Studio expenses			(7,951)						(9,539)						(18,601)						(20,648)
Studio segment profit			6,351						8,070						15,501						18,492
TOTAL SEGMENT PROFIT			$	126,048					$	126,221					$	257,765					$	251,686
Segment revenues			$	198,610					$	196,656					$	404,837					$	394,045
Segment expenses			(72,562)						(70,435)						(147,072)						(142,359)
TOTAL SEGMENT PROFIT			$	126,048					$	126,221					$	257,765					$	251,686

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

			Three Months Ended June 30, 2020																		Six Months Ended June 30, 2020
			2020						2019						2020						2019
NET INCOME (LOSS)			$	7,011					$	12,823					$	20,960					$	(24,072)
General and administrative			17,897						18,344						36,515						36,438
Depreciation and amortization			73,516						69,606						147,279						138,111
(Income) loss from unconsolidated real estate entity			(410)						85						(174)						85
Fee income			(556)						—						(1,166)						—
Interest expense			27,930						26,552						54,347						50,902
Interest income			(1,048)						(1,008)						(2,073)						(2,032)
Transaction-related expenses			157						—						259						128
Unrealized loss on non-real estate investment			2,267						—						2,848						—
Impairment loss			—						—						—						52,201
Other income			(716)						(181)						(1,030)						(75)
TOTAL PROFIT FROM ALL SEGMENTS			$	126,048					$	126,221					$	257,765					$	251,686

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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=120311839&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

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- References

No definition available.

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