XML 35 R11.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Revenues | 6 Months Ended
--- | ---
Jun. 30, 2022
Revenue From Contract With Customer [Abstract] |
Revenues | Note 3 – Revenues Revenues The following table presents the Company's revenues disaggregated by revenue source for the three months ended June 30, 2022 and 2021:
|  | Successor |  |  |  | Predecessor |
|  | Three Months Ended June 30, |  |  |  | Three Months Ended June 30, |
|  | 2022 |  |  |  | 2021 |
Rental revenues |  | $ | 131,832 |  |  |  | $ | 131,316 |
Revenues from contracts with customers (ASC 606): |  |  |  |  |  |  |  |  |
Operating expense reimbursements |  |  | 1,929 |  |  |  |  | 1,674 |
Management, development and leasing fees (1) |  |  | 1,786 |  |  |  |  | 1,449 |
Marketing revenues (2) |  |  | 759 |  |  |  |  | 520 |
|  |  | 4,474 |  |  |  |  | 3,643 |
Other revenues |  |  | 712 |  |  |  |  | 1,602 |
Total revenues (3) |  | $ | 137,018 |  |  |  | $ | 136,561 |
(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.
The following table presents the Company's revenues disaggregated by revenue source for the six months ended June 30, 2022 and 2021:
|  | Successor |  |  |  | Predecessor |
|  | Six Months Ended June 30, |  |  |  | Six Months Ended June 30, |
|  | 2022 |  |  |  | 2021 |
Rental revenues |  | $ | 267,164 |  |  |  | $ | 259,491 |
Revenues from contracts with customers (ASC 606): |  |  |  |  |  |  |  |  |
Operating expense reimbursements |  |  | 4,118 |  |  |  |  | 3,830 |
Management, development and leasing fees (1) |  |  | 3,555 |  |  |  |  | 3,108 |
Marketing revenues (2) |  |  | 744 |  |  |  |  | 821 |
|  |  | 8,417 |  |  |  |  | 7,759 |
Other revenues |  |  | 1,539 |  |  |  |  | 2,495 |
Total revenues (3) |  | $ | 277,120 |  |  |  | $ | 269,745 |
(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 June 30, 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 |  | $ | 20,928 |  |  | $ | 46,987 |  |  | $ | 42,879 |  |  | $ | 110,794 |
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.

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 https://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration