XML 98 R85.htm IDEA: XBRL DOCUMENT v3.3.1.900
Segment Reporting - Segment Revenue and Profit or Loss Reconciliation (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2013
Oct. 06, 2013
Dec. 31, 2015
Dec. 31, 2014
Reconciliation of Revenue and Profit or Loss from Segments to Consolidated [Line Items]                        
Rental revenue                 $ 79,987 $ 148,690 $ 447,784 $ 400,825
Intercompany rental revenue                 0   0 0
Tenant expense reimbursement                 15,836 21,272 79,516 67,651
Observatory revenue                 23,735   112,172 111,541
Construction revenue                 5,265 18,636 1,981 38,648
Third-party management and other fees                 550 5,067 2,133 2,376
Other revenue and fees                 2,210 12,407 14,048 14,285
Total revenues $ 165,200 $ 175,779 $ 164,773 $ 151,882 $ 170,411 $ 169,441 $ 155,168 $ 140,306 127,583 206,072 657,634 635,326
Property operating expenses                 34,055 41,297 160,969 151,048
Intercompany rent expense                 0   0 0
Ground rent expense                 398 0 9,326 5,339
Marketing, general, and administrative expenses                 16,379 23,600 38,073 39,037
Observatory expenses                 5,687   29,843 29,041
Construction expenses                 5,468 19,821 3,222 38,596
Real estate taxes                 17,191 24,331 93,165 82,131
Formation transaction expenses                 0 4,507 0 0
Acquisition expenses                 138,140 0 193 3,382
Depreciation and amortization                 27,375 38,963 171,474 145,431
Total operating expenses                 244,693 152,519 506,265 494,005
Total operating income (loss) 37,230 45,343 45,039 23,757 31,282 43,412 42,539 24,088 (117,110) 53,553 151,369 141,321
Equity in net income of non-controlled entities                 0 14,875 0 0
Interest expense                 (13,147) (50,660) (67,492) (66,456)
Settlement expense                 0 (55,000) 0 0
Investment in non-controlled entities                   88,304    
Gain on consolidation of non-controlled entities                 322,563   0 0
Income (loss) before income taxes                 192,306   83,877 74,865
Income tax (expense) benefit                 1,125   (3,949) (4,655)
Net income (loss) 19,370 $ 26,085 $ 26,585 $ 7,888 10,964 $ 22,734 $ 25,281 $ 11,231 193,431 (37,232) 79,928 70,210
Segment assets 3,300,650       3,283,497       2,459,862 1,033,918 3,300,650 3,283,497
Expenditures for segment assets                 56,434 55,950 156,754 497,744
Intersegment Eliminations [Member]                        
Reconciliation of Revenue and Profit or Loss from Segments to Consolidated [Line Items]                        
Rental revenue                 0 0 0 0
Intercompany rental revenue                 (20,134) (56) (68,255) (69,293)
Tenant expense reimbursement                 0 0 0 0
Observatory revenue                 0   0 0
Construction revenue                 (1,536) (6,837) (3,715) (6,341)
Third-party management and other fees                 0 0 0 0
Other revenue and fees                 (1) 0 0 0
Total revenues                 (21,671) (6,893) (71,970) (75,634)
Property operating expenses                 0 0 0 0
Intercompany rent expense                 (20,134)   (68,255) (69,293)
Ground rent expense                 0   0 0
Marketing, general, and administrative expenses                 4 0 0 0
Observatory expenses                 0   0 0
Construction expenses                 (1,324) (6,003) (3,317) (5,589)
Real estate taxes                 0 0 0 0
Formation transaction expenses                   0    
Acquisition expenses                 0   0 0
Depreciation and amortization                 (10) (19) 0 0
Total operating expenses                 (21,464) (6,022) (71,572) (74,882)
Total operating income (loss)                 (207) (871) (398) (752)
Equity in net income of non-controlled entities                   0    
Interest expense                 0 0 0 0
Settlement expense                   0    
Investment in non-controlled entities                   0    
Gain on consolidation of non-controlled entities                 0      
Income (loss) before income taxes                 (207)   (398) (752)
Income tax (expense) benefit                 0   0 0
Net income (loss)                 (207) (871) (398) (752)
Segment assets 0       0       0 0 0 0
Expenditures for segment assets                 0 0 0 0
Real Estate [Member] | Operating Segments [Member]                        
Reconciliation of Revenue and Profit or Loss from Segments to Consolidated [Line Items]                        
Rental revenue                 79,987 148,690 447,784 400,825
Intercompany rental revenue                 20,134 56 68,255 69,293
Tenant expense reimbursement                 15,836 21,272 79,516 67,651
Observatory revenue                 0   0 0
Construction revenue                 0 0 0 0
Third-party management and other fees                 550 5,067 2,133 2,376
Other revenue and fees                 2,211 12,407 14,048 13,280
Total revenues                 118,718 187,492 611,736 553,425
Property operating expenses                 34,055 41,297 160,969 151,048
Intercompany rent expense                 0   0 0
Ground rent expense                 398   9,326 5,339
Marketing, general, and administrative expenses                 16,375 23,600 38,073 39,037
Observatory expenses                 0   0 0
Construction expenses                 0 0 0 0
Real estate taxes                 17,191 24,331 93,165 82,131
Formation transaction expenses                   4,507    
Acquisition expenses                 138,140   193 3,382
Depreciation and amortization                 27,376 38,963 171,035 145,121
Total operating expenses                 233,535 132,698 472,761 426,058
Total operating income (loss)                 (114,817) 54,794 138,975 127,367
Equity in net income of non-controlled entities                   14,875    
Interest expense                 (13,147) (50,660) (67,492) (66,456)
Settlement expense                   (55,000)    
Investment in non-controlled entities                   88,304    
Gain on consolidation of non-controlled entities                 322,563      
Income (loss) before income taxes                 194,599   71,483 60,911
Income tax (expense) benefit                 0   (1,498) (1,437)
Net income (loss)                 194,599 (35,991) 69,985 59,474
Segment assets 3,058,250       3,023,089       2,201,944 1,023,333 3,058,250 3,023,089
Expenditures for segment assets                 56,434 55,820 156,543 497,645
Observatory [Member] | Operating Segments [Member]                        
Reconciliation of Revenue and Profit or Loss from Segments to Consolidated [Line Items]                        
Rental revenue                 0   0 0
Intercompany rental revenue                 0   0 0
Tenant expense reimbursement                 0   0 0
Observatory revenue                 23,735   112,172 111,541
Construction revenue                 0   0 0
Third-party management and other fees                 0   0 0
Other revenue and fees                 0   0 982
Total revenues                 23,735   112,172 112,523
Property operating expenses                 0   0 0
Intercompany rent expense                 20,134   68,255 69,293
Ground rent expense                 0   0 0
Marketing, general, and administrative expenses                 0   0 0
Observatory expenses                 5,687   29,843 29,041
Construction expenses                 0   0 0
Real estate taxes                 0   0 0
Acquisition expenses                 0   0 0
Depreciation and amortization                 4   338 295
Total operating expenses                 25,825   98,436 98,629
Total operating income (loss)                 (2,090)   13,736 13,894
Interest expense                 0   0 0
Gain on consolidation of non-controlled entities                 0      
Income (loss) before income taxes                 (2,090)   13,736 13,894
Income tax (expense) benefit                 1,125   (2,791) (2,876)
Net income (loss)                 (965)   10,945 11,018
Segment assets 241,511       252,376       249,084   241,511 252,376
Expenditures for segment assets                 0   211 99
Other [Member] | Operating Segments [Member]                        
Reconciliation of Revenue and Profit or Loss from Segments to Consolidated [Line Items]                        
Rental revenue                 0 0 0 0
Intercompany rental revenue                 0 0 0 0
Tenant expense reimbursement                 0 0 0 0
Observatory revenue                 0   0 0
Construction revenue                 6,801 25,473 5,696 44,989
Third-party management and other fees                 0 0 0 0
Other revenue and fees                 0 0 0 23
Total revenues                 6,801 25,473 5,696 45,012
Property operating expenses                 0 0 0 0
Intercompany rent expense                 0   0 0
Ground rent expense                 0   0 0
Marketing, general, and administrative expenses                 0 0 0 0
Observatory expenses                 0   0 0
Construction expenses                 6,792 25,824 6,539 44,185
Real estate taxes                 0 0 0 0
Formation transaction expenses                   0    
Acquisition expenses                 0   0 0
Depreciation and amortization                 5 19 101 15
Total operating expenses                 6,797 25,843 6,640 44,200
Total operating income (loss)                 4 (370) (944) 812
Equity in net income of non-controlled entities                   0    
Interest expense                 0 0 0 0
Settlement expense                   0    
Investment in non-controlled entities                   0    
Gain on consolidation of non-controlled entities                 0      
Income (loss) before income taxes                 4   (944) 812
Income tax (expense) benefit                 0   340 (342)
Net income (loss)                 4 (370) (604) 470
Segment assets $ 889       $ 8,032       8,834 10,585 889 $ 8,032
Expenditures for segment assets                 $ 0 $ 130 $ 0