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Revenues
 9 Months Ended
Sep. 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 September 30,

 

 

Nine Months Ended September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Rental revenues

 

$

145,539

 

 

$

124,081

 

 

$

405,030

 

 

$

405,476

 

Revenues from contracts with customers (ASC 606):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating expense reimbursements (1)

 

 

2,076

 

 

 

2,360

 

 

 

5,906

 

 

 

6,852

 

Management, development and leasing fees (2)

 

 

1,780

 

 

 

2,104

 

 

 

4,888

 

 

 

5,251

 

Marketing revenues (3)

 

 

530

 

 

 

495

 

 

 

1,351

 

 

 

1,589

 

 

 

 

4,386

 

 

 

4,959

 

 

 

12,145

 

 

 

13,692

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other revenues

 

 

450

 

 

 

857

 

 

 

2,945

 

 

 

2,514

 

Total revenues (4)

 

$

150,375

 

 

$

129,897

 

 

$

420,120

 

 

$

421,682

 

(1)

Includes $2,033 in the Malls segment and $43 in the All Other segment for the three months ended September 30, 2021, and includes $2,217 in the Malls segment and $143 in the All Other segment for the three months ended September 30, 2020. Includes $5,684 in the Malls segment and $222 in the All Other segment for the nine months ended September 30, 2021, and includes $6,562 in the Malls segment and $290 in the All Other segment for the nine months ended September 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 September 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

 

$

23,326

 

 

$

45,135

 

 

$

43,038

 

 

$

111,499

 

 

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.