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Revenue Recognition (Tables) - Adoption of Topic 606 [Member]
6 Months Ended
Jun. 30, 2018
Schedule of Revenue From Contracts With Customers Included in Fee and Other Income on Consolidated Statement of Operations

Revenue from contracts with customers is included in Fee and Other Income on the consolidated statement of operations and was composed of the following (in thousands):

 

Three Months

 

 

Six Months

 

 

Ended June 30,

 

 

Ended June 30,

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Revenue from contracts with customers:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset and property management fees

$

4,886

 

 

$

6,017

 

 

$

10,482

 

 

$

12,190

 

Leasing commissions

 

1,312

 

 

 

1,461

 

 

 

2,934

 

 

 

3,328

 

Development fees

 

303

 

 

 

450

 

 

 

628

 

 

 

1,034

 

Total revenue from contracts with customers

 

6,501

 

 

 

7,928

 

 

 

14,044

 

 

 

16,552

 

Other fee income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ancillary and other property income

 

4,817

 

 

 

4,660

 

 

 

9,160

 

 

 

8,992

 

Lease termination fees

 

2,695

 

 

 

630

 

 

 

3,216

 

 

 

808

 

Other

 

714

 

 

 

890

 

 

 

1,326

 

 

 

1,773

 

Total fee and other income

$

14,727

 

 

$

14,108

 

 

$

27,746

 

 

$

28,125

 

 

Schedule of Significant Changes in Contract Asset Balances

Contract assets are included in Other Assets, net on the consolidated balance sheets.  The significant changes in the contract asset balances during the six months ended June 30, 2018 are as follows (in thousands):

Balance as of January 1, 2018

$

1,371

 

Contract assets recognized

 

1,191

 

Contract assets billed

 

(1,180

)

Balance as of June 30, 2018

$

1,382