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Revenue Recognition | 12 Months Ended
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Dec. 31, 2019
Revenue From Contract With Customer [Abstract] |
Revenue Recognition |
2. | Revenue Recognition
The Company adopted ASC 606, Revenue from Contracts with Customers, on January 1, 2018. For the real estate industry, leasing transactions fall under Topic 842 (Note 1), which has been adopted at January 1, 2019. Therefore, Fee and Other Income on the consolidated statements of operations was the revenue stream impacted by ASC 606 and includes revenue from contracts with customers and other property-related income, primarily composed of theater income, and is recognized in the period earned. Fee and Other Income is as follows (in thousands):
| For the Year Ended December 31, |
| 2019 |  |  | 2018 |  |  | 2017 |
Revenue from contracts: |  |  |  |  |  |  |  |  |  |  |
Asset and property management fees | $ | 42,355 |  |  | $ | 31,751 |  |  | $ | 21,494 |
Leasing commissions |  | 6,300 |  |  |  | 6,380 |  |  |  | 7,138 |
Development fees |  | 2,019 |  |  |  | 1,638 |  |  |  | 1,921 |
Disposition fees |  | 3,454 |  |  |  | 2,959 |  |  |  | — |
Credit facility guaranty and refinancing fees |  | 1,860 |  |  |  | 60 |  |  |  | — |
Total revenue from contracts with customers |  | 55,988 |  |  |  | 42,788 |  |  |  | 30,553 |
Other property income: |  |  |  |  |  |  |  |  |  |  |
Other |  | 7,694 |  |  |  | 6,989 |  |  |  | 6,645 |
Total fee and other income | $ | 63,682 |  |  | $ | 49,777 |  |  | $ | 37,198 |
The aggregate amount of receivables from contracts with customers was $1.4 million and $1.8 million as of December 31, 2019 and 2018, respectively. Contract assets are included in Other Assets, net on the consolidated balance sheets. The significant changes in the leasing commission balances during the year ended December 31, 2019, are as follows (in thousands):
Balance as of January 1, 2019 | $ | 1,397 |
Contract assets recognized |  | 1,488 |
Contract assets billed |  | (1,784 | )
Balance as of December 31, 2019 | $ | 1,101 |
All revenue from contracts with customers meets the exemption criteria for variable consideration directly allocable to wholly unsatisfied performance obligations or unsatisfied promise within a series and, therefore, the Company does not disclose the value of transaction price allocated to unsatisfied performance obligations. There is no fixed consideration included in the transaction price for any of these revenues.

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- References No definition available. + Details
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- 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 http://asc.fasb.org/topic&trid=49130388 + Details
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