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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
OPERATING ACTIVITIES    
Net income $ 10,308 $ 10,721
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred rent revenue and amortization of lease intangibles (1,007) (964)
Depreciation and amortization 17,986 17,453
Amortization of debt issuance costs and debt fair value adjustments 1,716 1,125
Stock-based compensation expense 639 618
Settlement of forward-starting interest rate swaps agreement 10,430 0
Other noncash interest expense (145) (57)
Other, net 796 (1,403)
Changes in operating assets and liabilities    
Change in restricted cash 231 2,471
Change in accounts receivable 1,726 12
Change in other assets (1,038) (698)
Change in accounts payable and accrued expenses 5,834 4,718
Change in security deposits payable 81 108
Change in other liabilities and deferred credits 279 156
Net cash provided by operating activities 47,836 34,260
INVESTING ACTIVITIES    
Capital expenditures (7,253) (17,135)
Change in restricted cash (117) (143)
Leasing commissions (902) (617)
Deposit on property acquisition (5,000) 0
Net cash used in investing activities (13,272) (17,895)
FINANCING ACTIVITIES    
Repayment of secured notes payable (130,795) (84,941)
Proceeds from unsecured term loan 0 100,000
Proceeds from unsecured line of credit 0 10,000
Repayment of unsecured line of credit (20,000) (20,000)
Proceeds from unsecured notes payable 250,000 0
Debt issuance costs (1,812) (1,503)
Proceeds from issuance of common stock, net 30,075 0
Dividends paid to common stock and unitholders (16,723) (15,827)
Shares withheld for employee taxes 0 (12)
Net cash provided by (used in) financing activities 110,745 (12,283)
Net increase in cash and cash equivalents 145,309 4,082
Cash and cash equivalents, beginning of period 44,801 39,925
Cash and cash equivalents, end of period 190,110 44,007
American Assets Trust, L.P.    
OPERATING ACTIVITIES    
Net income 10,308 10,721
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred rent revenue and amortization of lease intangibles (1,007) (964)
Depreciation and amortization 17,986 17,453
Amortization of debt issuance costs and debt fair value adjustments 1,716 1,125
Stock-based compensation expense 639 618
Settlement of forward-starting interest rate swaps agreement 10,430 0
Other noncash interest expense (145) (57)
Other, net 796 (1,403)
Changes in operating assets and liabilities    
Change in restricted cash 231 2,471
Change in accounts receivable 1,726 12
Change in other assets (1,038) (698)
Change in accounts payable and accrued expenses 5,834 4,718
Change in security deposits payable 81 108
Change in other liabilities and deferred credits 279 156
Net cash provided by operating activities 47,836 34,260
INVESTING ACTIVITIES    
Capital expenditures (7,253) (17,135)
Change in restricted cash (117) (143)
Leasing commissions (902) (617)
Deposit on property acquisition (5,000) 0
Net cash used in investing activities (13,272) (17,895)
FINANCING ACTIVITIES    
Repayment of secured notes payable (130,795) (84,941)
Proceeds from unsecured term loan 0 100,000
Proceeds from unsecured line of credit 0 10,000
Repayment of unsecured line of credit (20,000) (20,000)
Proceeds from unsecured notes payable 250,000 0
Debt issuance costs (1,812) (1,503)
Contributions from American Assets Trust, Inc. 30,075 0
Dividends paid to common stock and unitholders (16,723) (15,827)
Shares withheld for employee taxes 0 (12)
Net cash provided by (used in) financing activities 110,745 (12,283)
Net increase in cash and cash equivalents 145,309 4,082
Cash and cash equivalents, beginning of period 44,801 39,925
Cash and cash equivalents, end of period $ 190,110 $ 44,007