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Revenues
 6 Months Ended
Jun. 30, 2023
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 and six months ended June 30, 2023 and 2022:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Rental revenues

 

$

124,842

 

 

$

131,832

 

 

$

255,166

 

 

$

267,164

 

Revenues from contracts with customers (Accounting Standards Codification ("ASC") 606):

 

 

 

 

 

 

 

 

 

 

 

 

Operating expense reimbursements

 

 

1,875

 

 

 

1,929

 

 

 

4,091

 

 

 

4,118

 

Management, development and leasing fees (1)

 

 

1,822

 

 

 

1,786

 

 

 

4,256

 

 

 

3,555

 

Marketing revenues (2)

 

 

575

 

 

 

759

 

 

 

1,220

 

 

 

744

 

 

 

4,272

 

 

 

4,474

 

 

 

9,567

 

 

 

8,417

 

 

 

 

 

 

 

 

 

 

 

 

 

Other revenues

 

 

753

 

 

 

712

 

 

 

1,493

 

 

 

1,539

 

Total revenues (3)

 

$

129,867

 

 

$

137,018

 

 

$

266,226

 

 

$

277,120

 
(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 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, 2023, 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

 

$

19,935

 

 

$

43,837

 

 

$

40,098

 

 

$

103,870

 

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.