XML 65 R52.htm IDEA: XBRL DOCUMENT v3.21.2

Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2021

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,
			2021						2020						2021						2020
Office segment
Office revenues			$	201,866					$	180,716					$	589,712					$	551,451
Office expenses			(71,865)						(66,075)						(207,538)						(194,546)
Office segment profit			130,001						114,641						382,174						356,905
Studio segment
Studio revenues			25,766						15,569						66,641						49,671
Studio expenses			(12,044)						(9,034)						(35,963)						(27,635)
Studio segment profit			13,722						6,535						30,678						22,036
TOTAL SEGMENT PROFIT			$	143,723					$	121,176					$	412,852					$	378,941
Segment revenues			$	227,632					$	196,285					$	656,353					$	601,122
Segment expenses			(83,909)						(75,109)						(243,501)						(222,181)
TOTAL SEGMENT PROFIT			$	143,723					$	121,176					$	412,852					$	378,941

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

			Three Months Ended September 30,												Nine Months Ended September 30,
			2021						2020						2021						2020
NET (LOSS) INCOME			$	(6,182)					$	(1,362)					$	12,259					$	19,598
General and administrative			18,288						17,428						53,846						53,943
Depreciation and amortization			88,568						75,052						255,507						222,331
(Income) loss from unconsolidated real estate entities			(566)						105						(1,671)						(69)
Fee income			(678)						(575)						(2,323)						(1,741)
Interest expense			30,825						29,838						91,800						84,185
Interest income			(934)						(1,056)						(2,868)						(3,129)
Management services reimbursement income—unconsolidated real estate entities			(253)						—						(879)						—
Management services expense—unconsolidated real estate entities			253						—						879						—
Transaction-related expenses			6,300						181						7,364						440
Unrealized (gain) loss on non-real estate investments			(827)						(513)						(11,620)						2,335
Impairment loss			2,762						—						2,762						—
Loss on extinguishment of debt			6,249						2,654						6,249						2,654
Other (income) expense			(82)						(576)						1,547						(1,606)
TOTAL PROFIT FROM ALL SEGMENTS			$	143,723					$	121,176					$	412,852					$	378,941

X

- 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=123359005&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=123359005&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=123359005&loc=d3e8906-108599

+ Details

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

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration