XML 66 R53.htm IDEA: XBRL DOCUMENT v3.24.3

Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Schedule of Operating Activity

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

			Three Months Ended September 30,												Nine Months Ended September 30,
			2024						2023						2024						2023
Office segment
Office revenues			$	166,942					$	203,587					$	518,056					$	617,511
Office expenses			(79,502)						(80,521)						(227,753)						(231,342)
Office segment profit			87,440						123,066						290,303						386,169
Studio segment
Studio revenues			33,451						27,856						114,360						111,363
Studio expenses			(35,339)						(31,655)						(110,400)						(103,578)
Studio segment profit			(1,888)						(3,799)						3,960						7,785
TOTAL SEGMENT PROFIT			$	85,552					$	119,267					$	294,263					$	393,954
Segment revenues			$	200,393					$	231,443					$	632,416					$	728,874
Segment expenses			(114,841)						(112,176)						(338,153)						(334,920)
TOTAL SEGMENT PROFIT			$	85,552					$	119,267					$	294,263					$	393,954

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

			Three Months Ended September 30,												Nine Months Ended September 30,
			2024						2023						2024						2023
NET LOSS			$	(107,013)					$	(35,752)					$	(207,925)					$	(82,046)
General and administrative			19,544						17,512						59,959						55,177
Depreciation and amortization			86,672						98,580						265,324						294,654
Loss from unconsolidated real estate entities			3,219						759						6,443						2,219
Fee income			(1,437)						(340)						(3,933)						(5,026)
Interest expense			45,005						53,581						133,253						162,036
Interest income			(542)						(800)						(1,975)						(1,407)
Management services reimbursement income—unconsolidated real estate entities			(989)						(1,015)						(3,187)						(3,138)
Management services expense—unconsolidated real estate entities			989						1,015						3,187						3,138
Transaction-related expenses			269						—						2,306						(1,344)
Unrealized loss on non-real estate investments			1,081						2,265						3,024						2,269
Gain on sale of real estate			—						(16,108)						—						(23,154)
Impairment loss			36,543						—						36,543						—
Gain on extinguishment of debt			—						—						—						(10,000)
Other expense (income)			28						(5)						(1,449)						(139)
Income tax provision (benefit)			2,183						(425)						2,693						715
TOTAL PROFIT FROM ALL SEGMENTS			$	85,552					$	119,267					$	294,263					$	393,954

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
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ 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