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Segment Reporting | 12 Months Ended
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Dec. 31, 2020
Segment Reporting [Abstract] |
Segment Reporting | Segment Reporting The Company’s reporting segments are based on the Company’s method of internal reporting, which classifies its operations into two reporting segments: (i) office properties and (ii) studio properties. The Company evaluates performance based upon net operating income of the combined properties in each segment. General and administrative expenses and interest expense are not included in segment profit as our internal reporting addresses these items on a corporate level. Asset information by segment is not reported because the Company does not use this measure to assess performance or make decisions to allocate resources; therefore, depreciation and amortization expense is not allocated among segments. The table below presents the operating activity of our reportable segments:
|  | Year Ended December 31,
|  | 2020 |  | 2019 |  | 2018
Office segment |  |  |  |  |  |
Total office revenues |  | $ | 735,919 |  |  | $ | 733,735 |  |  | $ | 652,517 |
Office expenses |  | (262,199) |  |  | (256,209) |  |  | (226,820) |
Office segment profit |  | 473,720 |  |  | 477,526 |  |  | 425,697 |
Studio segment |  |  |  |  |  |
Total studio revenues |  | 69,046 |  |  | 84,447 |  |  | 75,901 |
Studio expenses |  | (37,580) |  |  | (45,313) |  |  | (40,890) |
Studio segment profit |  | 31,466 |  |  | 39,134 |  |  | 35,011 |
TOTAL SEGMENT PROFIT |  | $ | 505,186 |  |  | $ | 516,660 |  |  | $ | 460,708 |
Total segment revenues |  | $ | 804,965 |  |  | $ | 818,182 |  |  | $ | 728,418 |
Total segment expenses |  | (299,779) |  |  | (301,522) |  |  | (267,710) |
TOTAL SEGMENT PROFIT |  | $ | 505,186 |  |  | $ | 516,660 |  |  | $ | 460,708 |
The table below is a reconciliation of the total profit from all segments to net income attributable to common stockholders:
|  | Year Ended December 31,
|  | 2020 |  | 2019 |  | 2018
Total profit from all segments |  | $ | 505,186 |  |  | $ | 516,660 |  |  | $ | 460,708 |
General and administrative |  | (77,882) |  |  | (71,947) |  |  | (61,027) |
Depreciation and amortization |  | (299,682) |  |  | (282,088) |  |  | (251,003) |
Income (loss) from unconsolidated real estate entities |  | 736 |  |  | (747) |  |  | — |
Fee income |  | 2,815 |  |  | 1,459 |  |  | — |
Interest expense |  | (116,477) |  |  | (105,845) |  |  | (83,167) |
Interest income |  | 4,089 |  |  | 4,044 |  |  | 1,718 |
Transaction-related expenses |  | (440) |  |  | (667) |  |  | (535) |
Unrealized (loss) gain on non-real estate investments |  | (2,463) |  |  | — |  |  | 928 |
Gains on sale of real estate |  | — |  |  | 47,100 |  |  | 43,337 |
Impairment loss |  | — |  |  | (52,201) |  |  | — |
Other income |  | 548 |  |  | 78 |  |  | 822 |
NET INCOME | i | $ | 16,430 |  |  | $ | 55,846 |  |  | $ | 111,781 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -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 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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