XML 50 R32.htm IDEA: XBRL DOCUMENT v3.8.0.1
Revenue Recognition (Tables)
3 Months Ended
Mar. 31, 2018
Revenue from Contract with Customer [Abstract]  
Summary of Revenue Sources by Segment
Below is a summary of our revenues by segment. Base rent, operating expense reimbursements and lease terminations represent revenues from leases and are recognized in accordance with ASC Topic 840, Leases. Revenues from Hotel Pennsylvania, trade shows, tenant services, BMS cleaning fees, management and leasing fees and other income represent revenues recognized in accordance with ASC 606. Additional financial information related to these reportable segments for the three months ended March 31, 2018 and 2017 is set forth in Note 22 - Segment Information.
(Amounts in thousands)
For the Three Months Ended March 31, 2018
 
Total
 
New York
 
Other
Base rent
$
406,565

 
$
344,674

 
$
61,891

Trade shows
18,873

 

 
18,873

Hotel Pennsylvania
14,672

 
14,672

 

Property rentals
440,110

 
359,346

 
80,764

Operating expense reimbursements
47,846

 
44,719

 
3,127

Tenant services
12,464

 
9,771

 
2,693

Tenant expense reimbursements
60,310

 
54,490

 
5,820

BMS cleaning fees
28,355

 
30,153

 
(1,798
)
Management and leasing fees
2,764

 
2,481

 
283

Lease termination fees
345

 
308

 
37

Other income
4,553

 
1,706

 
2,847

Fee and other income
36,017

 
34,648

 
1,369

Total consolidated revenues
$
536,437

 
$
448,484

 
$
87,953



(Amounts in thousands)
For the Three Months Ended March 31, 2017
 
Total
 
New York
 
Other
Base rent
$
383,843

 
$
325,681

 
$
58,162

Trade shows
18,408

 

 
18,408

Hotel Pennsylvania
12,641

 
12,641

 

Property rentals
414,892

 
338,322

 
76,570

Operating expense reimbursements
46,401

 
43,005

 
3,396

Tenant services
12,632

 
10,534

 
2,098

Tenant expense reimbursements
59,033

 
53,539

 
5,494

BMS cleaning fees
25,071

 
26,123

 
(1,052
)
Management and leasing fees
2,275

 
2,027

 
248

Lease termination fees
3,850

 
3,727

 
123

Other income
2,937

 
2,501

 
436

Fee and other income
34,133

 
34,378

 
(245
)
Total consolidated revenues
$
508,058

 
$
426,239

 
$
81,819