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Combined Guarantor Subsidiaries - Revenues | 3 Months Ended
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Mar. 31, 2020
Condensed Financial Statements Captions [Line Items] |
Revenues | Note 3 – Revenues Revenues The following table presents the Company's revenues disaggregated by revenue source:
|  | Three Months Ended March 31, 2020 |  |  | Three Months Ended March 31, 2019 |
Rental revenues (1) |  | $ | 161,173 |  |  | $ | 190,980 |
Revenues from contracts with customers (ASC 606): |  |  |  |  |  |  |  |
Operating expense reimbursements (2) |  |  | 2,389 |  |  |  | 2,143 |
Management, development and leasing fees (3) |  |  | 2,092 |  |  |  | 2,523 |
Marketing revenues (4) |  |  | 743 |  |  |  | 874 |
|  |  | 5,224 |  |  |  | 5,540 |
Other revenues |  |  | 1,177 |  |  |  | 1,510 |
Total revenues (5) |  | $ | 167,574 |  |  | $ | 198,030 |
(1) | Revenues from leases that commenced subsequent to December 31, 2018 are accounted for in accordance with ASC 842, Leases , whereas all leases existing prior to that date are accounted for in accordance with ASC 840. |
( 2 ) | Includes $2,321 in the Malls segment and $68 in the All Other segment for the three months ended March 31, 2020, and includes $2,192 in the Malls segment and $( 49) in the All Other segment for the three months ended March 31, 2019.
( 3 ) | Included in All Other segment.
( 4 ) | Marketing revenues solely relate to the Malls segment for all periods presented. See description below.
( 5 ) | Sales taxes are excluded from revenues.
See Note 10 for information on the Company's segments. Revenue from Contracts with Customers Expected credit losses During the three months ended March 31, 2020, the Company individually evaluated tenant receivables within the scope of ASC 606, of which a significant portion are short term. Based on this information and the quarterly analysis of the tenant receivables, the Company wrote off $220 that was deemed uncollectable related to this class of receivables for the three months ended March 31, 2020. Outstanding Performance Obligations The Company has outstanding performance obligations related to certain noncancellable contracts with customers for which it will receive fixed operating expense reimbursements for providing certain maintenance and other services as described above. As of March 31, 2020, the Company expects to recognize these amounts as revenue over the following periods:
Performance obligation |  | Less than 5 years |  |  | 5-20 years |  |  | Over 20 years |  |  | Total |
Fixed operating expense reimbursements |  | $ | 23,908 |  |  | $ | 48,366 |  |  | $ | 45,869 |  |  | $ | 118,143 |
The Company evaluates its performance obligations each period and makes adjustments to reflect any known additions or cancellations. Performance obligations related to variable consideration, which is based on sales, are constrained.
Guarantor Subsidiaries |
Condensed Financial Statements Captions [Line Items] |
Revenues | Note 3 – Revenues Revenues The following table presents the Combined Guarantor Subsidiaries' revenues disaggregated by revenue source:
|  |  |  |  |  | Three Months Ended March 31, |
|  |  |  |  |  | 2020 |  |  | 2019 |
Rental revenues (1) |  |  |  |  |  | $ | 63,831 |  |  | $ | 71,272 |
Revenues from contracts with customers (ASC 606): |  |  |  |  |  |  |  |  |  |  |  |
Operating expense reimbursements (2) |  |  |  |  |  |  | 1,071 |  |  |  | 1,151 |
Marketing revenues (3) |  |  |  |  |  |  | 390 |  |  |  | 437 |
|  |  |  |  |  |  | 1,461 |  |  |  | 1,588 |
Other revenues |  |  |  |  |  |  | 135 |  |  |  | 132 |
Total revenues (4) |  |  |  |  |  | $ | 65,427 |  |  | $ | 72,992 |
( 1 ) | Revenues from leases that commenced subsequent to December 31, 2018 are accounted for in accordance with ASC 842, Leases , whereas all leases existing prior to that date are accounted for in accordance with ASC 840.
( 2 ) | Includes $1,046 in the Malls segment and $25 in the All Other segment for the three months ended March 31, 2020. Operating expense reimbursements solely relate to the Malls segment for the three months ended March 31, 2019.
( 3 ) | Marketing revenues solely relate to the Malls segment for all periods presented. See description below.
( 4 ) | Sales taxes are excluded from revenues.
See Note 9 for information on the Combined Guarantor Subsidiaries' segments. Revenue from Contracts with Customers Expected credit losses During the three months ended March 31, 2020, the Combined Guarantor Subsidiaries individually evaluated tenant receivables within the scope of ASC 606, of which a significant portion are short term. Based on this information and the quarterly analysis of the tenant receivables, the Combined Guarantor Subsidiaries wrote off $107 that was deemed uncollectable related to this class of receivables for the three months ended March 31, 2020. Outstanding Performance Obligations The Combined Guarantor Subsidiaries have outstanding performance obligations related to certain noncancellable contracts with customers for which they will receive fixed operating expense reimbursements for providing certain maintenance and other services as described above. As of March 31, 2020, the Combined Guarantor Subsidiaries expect to recognize these amounts as revenue over the following periods:
Performance obligation |  | Less than 5 years |  |  | 5-20 years |  |  | Over 20 years |  |  | Total |
Fixed operating expense reimbursements |  | $ | 12,297 |  |  | $ | 24,340 |  |  | $ | 33,576 |  |  | $ | 70,213 |
The Combined Guarantor Subsidiaries evaluate performance obligations each period and make adjustments to reflect any known additions or cancellations. Performance obligations related to variable consideration, which is based on sales, are constrained.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 + Details
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