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Segment Reporting (Tables)

9 Months Ended

Sep. 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 September 30,												Nine Months Ended September 30,
			2020						2019						2020						2019
Office segment
Office revenues			$	180,716					$	185,359					$	551,451					$	539,989
Office expenses			(66,075)						(66,969)						(194,546)						(188,680)
Office segment profit			114,641						118,390						356,905						351,309
Studio segment
Studio revenues			15,569						22,203						49,671						61,343
Studio expenses			(9,034)						(11,440)						(27,635)						(32,088)
Studio segment profit			6,535						10,763						22,036						29,255
TOTAL SEGMENT PROFIT			$	121,176					$	129,153					$	378,941					$	380,564
Segment revenues			$	196,285					$	207,562					$	601,122					$	601,332
Segment expenses			(75,109)						(78,409)						(222,181)						(220,768)
TOTAL SEGMENT PROFIT			$	121,176					$	129,153					$	378,941					$	380,564

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

			Three Months Ended September 30,												Nine Months Ended September 30,
			2020						2019						2020						2019
NET (LOSS) INCOME			$	(1,362)					$	62,955					$	19,598					$	38,883
General and administrative			17,428						17,661						53,943						54,099
Depreciation and amortization			75,052						69,781						222,331						207,892
Loss (income) from unconsolidated real estate entity			105						260						(69)						345
Fee income			(575)						(656)						(1,741)						(931)
Interest expense			32,492						26,590						86,839						77,492
Interest income			(1,056)						(1,002)						(3,129)						(3,034)
Transaction-related expenses			181						331						440						459
Unrealized (gain) loss on non-real estate investment			(513)						—						2,335						—
Gain on sale of real estate			—						(47,100)						—						(47,100)
Impairment loss			—						—						—						52,201
Other (income) loss			(576)						333						(1,606)						258
TOTAL PROFIT FROM ALL SEGMENTS			$	121,176					$	129,153					$	378,941					$	380,564

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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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