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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
OPERATING ACTIVITIES    
Net income $ 10,721 $ 11,379
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred rent revenue and amortization of lease intangibles (964) (1,353)
Depreciation and amortization 17,453 15,107
Amortization of debt issuance costs and debt fair value adjustments 1,125 1,045
Stock-based compensation expense 618 890
Other noncash interest expense (57) (58)
Other, net (1,403) 180
Changes in operating assets and liabilities    
Change in restricted cash 2,471 943
Change in accounts receivable 12 874
Change in other assets (698) (1,143)
Change in accounts payable and accrued expenses 4,718 4,145
Change in security deposits payable 108 353
Change in other liabilities and deferred credits 156 148
Net cash provided by operating activities 34,260 32,510
INVESTING ACTIVITIES    
Capital expenditures (17,135) (44,125)
Change in restricted cash (143) (201)
Leasing commissions (617) (843)
Net cash used in investing activities (17,895) (45,169)
FINANCING ACTIVITIES    
Repayment of secured notes payable (84,941) (101,729)
Proceeds from term loan 100,000 0
Proceeds from unsecured line of credit 10,000 20,000
Repayment of unsecured line of credit (20,000) 0
Proceeds from issuance of unsecured notes payable 0 100,000
Debt issuance costs (1,503) (40)
Proceeds from issuance of common stock, net 0 10,272
Dividends paid to common stock and unitholders (15,827) (14,350)
Shares withheld for employee taxes (12) (6,212)
Net cash (used in) provided by financing activities (12,283) 7,941
Net increase (decrease) in cash and cash equivalents 4,082 (4,718)
Cash and cash equivalents, beginning of period 39,925 59,357
Cash and cash equivalents, end of period 44,007 54,639
American Assets Trust, L.P.    
OPERATING ACTIVITIES    
Net income 10,721 11,379
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred rent revenue and amortization of lease intangibles (964) (1,353)
Depreciation and amortization 17,453 15,107
Amortization of debt issuance costs and debt fair value adjustments 1,125 1,045
Stock-based compensation expense 618 890
Other noncash interest expense (57) (58)
Other, net (1,403) 180
Changes in operating assets and liabilities    
Change in restricted cash 2,471 943
Change in accounts receivable 12 874
Change in other assets (698) (1,143)
Change in accounts payable and accrued expenses 4,718 4,145
Change in security deposits payable 108 353
Change in other liabilities and deferred credits 156 148
Net cash provided by operating activities 34,260 32,510
INVESTING ACTIVITIES    
Capital expenditures (17,135) (44,125)
Change in restricted cash (143) (201)
Leasing commissions (617) (843)
Net cash used in investing activities (17,895) (45,169)
FINANCING ACTIVITIES    
Repayment of secured notes payable (84,941) (101,729)
Proceeds from term loan 100,000 0
Proceeds from unsecured line of credit 10,000 20,000
Repayment of unsecured line of credit (20,000) 0
Proceeds from issuance of unsecured notes payable 0 100,000
Debt issuance costs (1,503) (40)
Contributions from American Assets Trust, Inc. 0 10,272
Dividends paid to common stock and unitholders (15,827) (14,350)
Shares withheld for employee taxes (12) (6,212)
Net cash (used in) provided by financing activities (12,283) 7,941
Net increase (decrease) in cash and cash equivalents 4,082 (4,718)
Cash and cash equivalents, beginning of period 39,925 59,357
Cash and cash equivalents, end of period $ 44,007 $ 54,639