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Segment Information (Tables)
 9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Schedule of Information on Reportable Segments
Information on the Company’s segments is presented as follows:
Three Months Ended September 30, 2018
 
Malls
 
All Other (1)
 
Total
Revenues (2)
 
$
188,440

 
$
18,438

 
$
206,878

Property operating expenses (3)
 
(57,243
)
 
(3,669
)
 
(60,912
)
Interest expense
 
(24,665
)
 
(30,529
)
 
(55,194
)
Other expense
 
—

 
(38
)
 
(38
)
Gain on sales of real estate assets
 
92

 
7,788

 
7,880

Segment profit (loss)
 
$
106,624

 
$
(8,010
)
 
98,614

Depreciation and amortization expense
 
 
 
 
 
(71,945
)
General and administrative expense
 
 
 
 
 
(16,051
)
Interest and other income
 
 
 
 
 
283

Loss on impairment
 
 
 
 
 
(14,600
)
Income tax provision
 
 
 
 
 
(1,034
)
Equity in earnings of unconsolidated affiliates
 
 
 
 
 
1,762

Net loss
 
 
 
 
 
$
(2,971
)
Capital expenditures (4)
 
$
38,512

 
$
2,671

 
$
41,183



Three Months Ended September 30, 2017
 
Malls
 
All Other (1)
 
Total
Revenues (2)
 
$
205,020

 
$
19,630

 
$
224,650

Property operating expenses (3)
 
(59,602
)
 
(4,520
)
 
(64,122
)
Interest expense
 
(28,922
)
 
(24,991
)
 
(53,913
)
Other expense
 
—

 
(132
)
 
(132
)
Gain (loss) on sales of real estate assets
 
(1,994
)
 
3,377

 
1,383

Segment profit (loss)
 
$
114,502

 
$
(6,636
)
 
107,866

Depreciation and amortization expense
 
 

 
 

 
(71,732
)
General and administrative expense
 
 

 
 

 
(13,568
)
Interest and other income (loss)
 
 

 
 

 
(200
)
Gain on extinguishment of debt
 
 
 
 
 
6,452

Loss on impairment
 
 
 
 
 
(24,935
)
Loss on investment
 
 
 
 
 
(354
)
Income tax benefit
 
 

 
 

 
1,064

Equity in earnings of unconsolidated affiliates
 
 
 
 
 
4,706

Net income
 
 

 
 

 
$
9,299

Capital expenditures (4)
 
$
47,246

 
$
1,035

 
$
48,281




Nine Months Ended September 30, 2018
 
Malls
 
All Other (1)
 
Total
Revenues (2)
 
$
585,097

 
$
56,579

 
$
641,676

Property operating expenses (3)
 
(179,012
)
 
(11,795
)
 
(190,807
)
Interest expense
 
(76,401
)
 
(86,763
)
 
(163,164
)
Other expense
 
(84
)
 
(293
)
 
(377
)
Gain on sales of real estate assets
 
92

 
15,906

 
15,998

Segment profit (loss)
 
$
329,692

 
$
(26,366
)
 
303,326

Depreciation and amortization expense
 
 
 
 
 
(217,261
)
General and administrative expense
 
 
 
 
 
(47,845
)
Nine Months Ended September 30, 2018
 
Malls
 
All Other (1)
 
Total
Interest and other income
 
 
 
 
 
714

Loss on impairment
 
 
 
 
 
(84,644
)
Gain on investment
 
 
 
 
 
387

Income tax benefit
 
 
 
 
 
1,846

Equity in earnings of unconsolidated affiliates
 
 
 
 
 
9,869

Net loss
 
 
 
 
 
$
(33,608
)
Capital expenditures (4)
 
$
105,593

 
$
10,063

 
$
115,656


Nine Months Ended September 30, 2017
 
Malls
 
All Other (1)
 
Total
Revenues (2)
 
$
632,830

 
$
59,066

 
$
691,896

Property operating expenses (3)
 
(182,926
)
 
(11,989
)
 
(194,915
)
Interest expense
 
(93,481
)
 
(71,698
)
 
(165,179
)
Other expense
 
—

 
(5,151
)
 
(5,151
)
Gain on sales of real estate assets
 
75,434

 
11,470

 
86,904

Segment profit (loss)
 
$
431,857

 
$
(18,302
)
 
413,555

Depreciation and amortization expense
 
 
 
 
 
(225,461
)
General and administrative expense
 
 
 
 
 
(45,402
)
Interest and other income
 
 
 
 
 
1,235

Gain on extinguishment of debt
 
 
 
 
 
30,927

Loss on impairment
 
 
 
 
 
(71,401
)
Loss on investment
 
 
 
 
 
(6,197
)
Income tax benefit
 
 
 
 
 
4,784

Equity in earnings of unconsolidated affiliates
 
 
 
 
 
16,404

Net income
 
 
 
 
 
$
118,444

Capital expenditures (4)
 
$
126,290

 
$
5,588

 
$
131,878


Total Assets
 
Malls
 
All Other (1)
 
Total
September 30, 2018
 
$
4,979,583

 
$
511,436

 
$
5,491,019

 
 
 
 
 
 
 
December 31, 2017
 
$
5,152,789

 
$
552,019

 
$
5,704,808

 
 
 
 
 
 
 
(1)
The All Other category includes associated centers, community centers, mortgage and other notes receivable, office buildings, self-storage facilities and the Management Company.
(2)
Management, development and leasing fees are included in the All Other category. See Note 3 for information on the Company's revenues disaggregated by revenue source for each of the above segments.
(3)
Property operating expenses include property operating, real estate taxes and maintenance and repairs.
(4)
Amounts include acquisitions of real estate assets and investments in unconsolidated affiliates. Developments in progress are included in the All Other category.