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Revenues
 6 Months Ended
Jun. 30, 2021
Revenue From Contract With Customer [Abstract]  
Revenues

Note 4 – Revenues

Revenues

The following table presents the Company's revenues disaggregated by revenue source:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Rental revenues

 

$

131,316

 

 

$

120,222

 

 

$

259,491

 

 

$

281,395

 

Revenues from contracts with customers (ASC 606):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating expense reimbursements (1)

 

 

1,674

 

 

 

2,103

 

 

 

3,830

 

 

 

4,492

 

Management, development and leasing fees (2)

 

 

1,449

 

 

 

1,055

 

 

 

3,108

 

 

 

3,147

 

Marketing revenues (3)

 

 

520

 

 

 

351

 

 

 

821

 

 

 

1,094

 

 

 

 

3,643

 

 

 

3,509

 

 

 

7,759

 

 

 

8,733

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other revenues

 

 

1,602

 

 

 

480

 

 

 

2,495

 

 

 

1,657

 

Total revenues (4)

 

$

136,561

 

 

$

124,211

 

 

$

269,745

 

 

$

291,785

 

(1)

Includes $1,582 in the Malls segment and $92 in the All Other segment for the three months ended June 30, 2021, and includes $2,024 in the Malls segment and $79 in the All Other segment for the three months ended June 30, 2020. Includes $3,651 in the Malls segment and $179 in the All Other segment for the six months ended June 30, 2021, and includes $4,345 in the Malls segment and $147 in the All Other segment for the six months ended June 30, 2020.

(2)

Included in All Other segment.

(3)

Marketing revenues solely relate to the Malls segment for all periods presented.

(4)

Sales taxes are excluded from revenues.

See Note 10 for information on the Company's segments.

Revenues from Contracts with Customers

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 June 30, 2021, 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

 

$

23,568

 

 

$

46,093

 

 

$

48,128

 

 

$

117,789

 

 

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.