XML 65 R49.htm IDEA: XBRL DOCUMENT
v3.19.1

Segment Information (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2019
Segment Reporting [Abstract] |
Schedule of Information on Reportable Segments | Information on the Company’s segments is presented as follows:
Three Months Ended March 31, 2019 |  | Malls |  | All Other (1) |  | Total
Revenues (2) |  | $ | 183,864 |  |  | $ | 14,166 |  |  | $ | 198,030 |
Property operating expenses (3) |  | (57,181 | ) |  | (4,494 | ) |  | (61,675 | )
Interest expense |  | (23,190 | ) |  | (30,808 | ) |  | (53,998 | )
Gain on sales of real estate assets |  | — |  |  | 228 |  |  | 228 |
Segment profit (loss) |  | $ | 103,493 |  |  | $ | (20,908 | ) |  | 82,585 |
Depreciation and amortization expense |  |  |  |  |  | (69,792 | )
General and administrative expense |  |  |  |  |  | (22,007 | )
Litigation settlement |  |  |  |  |  | (88,150 | )
Interest and other income |  |  |  |  |  | 489 |
Gain on extinguishment of debt |  |  |  |  |  | 71,722 |
Loss on impairment |  |  |  |  |  | (24,825 | )
Income tax provision |  |  |  |  |  | (139 | )
Equity in earnings of unconsolidated affiliates |  |  |  |  |  | 3,308 |
Net loss |  |  |  |  |  | $ | (46,809 | )
Capital expenditures (4) |  | $ | 28,024 |  |  | $ | 115 |  |  | $ | 28,139 |
Three Months Ended March 31, 2018 |  | Malls |  | All Other (1) |  | Total
Revenues (2) |  | $ | 200,715 |  |  | $ | 19,485 |  |  | $ | 220,200 |
Property operating expenses (3) |  | (63,829 | ) |  | (4,024 | ) |  | (67,853 | )
Interest expense |  | (25,774 | ) |  | (27,993 | ) |  | (53,767 | )
Other expense |  | (49 | ) |  | (45 | ) |  | (94 | )
Gain on sales of real estate assets |  | — |  |  | 4,371 |  |  | 4,371 |
Segment profit (loss) |  | $ | 111,063 |  |  | $ | (8,206 | ) |  | 102,857 |
Depreciation and amortization expense |  |  |  |  |  |  |  | (71,750 | )
General and administrative expense |  |  |  |  |  |  |  | (18,304 | )
Interest and other income |  |  |  |  |  |  |  | 213 |
Loss on impairment |  |  |  |  |  | (18,061 | )
Income tax benefit |  |  |  |  |  |  |  | 645 |
Equity in earnings of unconsolidated affiliates |  |  |  |  |  | 3,739 |
Net loss |  |  |  |  |  |  |  | $ | (661 | )
Capital expenditures (4) |  | $ | 34,302 |  |  | $ | 2,349 |  |  | $ | 36,651 |
Total Assets |  | Malls |  | All Other (1) |  | Total
March 31, 2019 |  | $ | 4,691,869 |  |  | $ | 470,079 |  |  | $ | 5,161,948 |
December 31, 2018 |  | $ | 4,868,141 |  |  | $ | 472,712 |  |  | $ | 5,340,853 |
(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.

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=115929826&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=115929826&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=108376223&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 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: 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=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum: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