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Revenues
 3 Months Ended
Mar. 31, 2022
Revenue From Contract With Customer [Abstract]  
Revenues

Note 3 – Revenues

Revenues

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

 

 

 

Successor

 

 

 

Predecessor

 

 

 

Three Months Ended March 31,

 

 

 

Three Months Ended March 31,

 

 

 

2022

 

 

 

2021

 

Rental revenues

 

$

135,332

 

 

 

$

128,175

 

Revenues from contracts with customers (ASC 606):

 

 

 

 

 

 

 

 

 

Operating expense reimbursements

 

 

2,189

 

 

 

 

2,156

 

Management, development and leasing fees (1)

 

 

1,769

 

 

 

 

1,659

 

Marketing revenues (2)

 

 

(15

)

 

 

 

301

 

 

 

 

3,943

 

 

 

 

4,116

 

 

 

 

 

 

 

 

 

 

 

Other revenues

 

 

827

 

 

 

 

893

 

Total revenues (3)

 

$

140,102

 

 

 

$

133,184

 

(1)

Included in All Other segment.

(2)

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

(3)

Sales taxes are excluded from revenues.

See Note 9 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 March 31, 2022, 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

 

$

22,877

 

 

$

50,967

 

 

$

47,352

 

 

$

121,196

 

 

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.