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Revenues
 9 Months Ended
Sep. 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 September 30, 2022 and 2021:

 

 

Successor

 

 

 

Predecessor

 

 

 

Three Months Ended September 30,

 

 

 

Three Months Ended September 30,

 

 

 

2022

 

 

 

2021

 

Rental revenues

 

$

131,642

 

 

 

$

145,539

 

Revenues from contracts with customers (ASC 606):

 

 

 

 

 

 

 

Operating expense reimbursements

 

 

1,847

 

 

 

 

2,076

 

Management, development and leasing fees (1)

 

 

1,783

 

 

 

 

1,780

 

Marketing revenues (2)

 

 

446

 

 

 

 

530

 

 

 

 

4,076

 

 

 

 

4,386

 

 

 

 

 

 

 

 

 

Other revenues

 

 

562

 

 

 

 

450

 

Total revenues (3)

 

$

136,280

 

 

 

$

150,375

 
(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 nine months ended September 30, 2022 and 2021:

 

 

Successor

 

 

 

Predecessor

 

 

 

Nine Months Ended September 30,

 

 

 

Nine Months Ended September 30,

 

 

 

2022

 

 

 

2021

 

Rental revenues

 

$

398,806

 

 

 

$

405,030

 

Revenues from contracts with customers (ASC 606):

 

 

 

 

 

 

 

Operating expense reimbursements

 

 

5,965

 

 

 

 

5,906

 

Management, development and leasing fees (1)

 

 

5,338

 

 

 

 

4,888

 

Marketing revenues (2)

 

 

1,190

 

 

 

 

1,351

 

 

 

 

12,493

 

 

 

 

12,145

 

 

 

 

 

 

 

 

 

Other revenues

 

 

2,101

 

 

 

 

2,945

 

Total revenues (3)

 

$

413,400

 

 

 

$

420,120

 
(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 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, 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

 

$

21,106

 

 

$

45,728

 

 

$

41,360

 

 

$

108,194

 

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.