Revenues

9 Months Ended

Sep. 30, 2020

Revenue From Contract With Customer [Abstract]

Revenues

Note 3 – Revenues

Revenues

The following table presents the Company's revenues disaggregated by revenue source:

	Three Months Ended September 30, 2020		Three Months Ended September 30, 2019		Nine Months Ended September 30, 2020		Nine Months Ended September 30, 2019
Rental revenues (1)	$	124,081	$	180,616	$	405,476	$	556,989
Revenues from contracts with customers (ASC 606):
Operating expense reimbursements (2)		2,360		2,449		6,852		6,653
Management, development and leasing fees (3)		2,104		2,216		5,251		7,325
Marketing revenues (4)		495		1,056		1,589		3,148
		4,959		5,721		13,692		17,126
Other revenues		857		914		2,514		4,543
Total revenues (5)	$	129,897	$	187,251	$	421,682	$	578,658

(1) Revenues from leases that commenced subsequent to December 31, 2018 are accounted for in accordance with ASC 842, Leases, whereas all leases existing prior to that date are accounted for in accordance with ASC 840.

(2) Includes $2,217 in the Malls segment and $143 in the All Other segment for the three months ended September 30, 2020, and includes $2,374 in the Malls segment and $75 in the All Other segment for the three months ended September 30, 2019.  Includes $6,562 in the Malls segment and $290 in the All Other segment for the nine months ended September 30, 2020, and includes $6,458 in the Malls segment and $195 in the All Other segment for the nine months ended September 30, 2019.

(3) Included in All Other segment.

(4) Marketing revenues solely relate to the Malls segment for all periods presented.

(5) Sales taxes are excluded from revenues.

See Note 10 for information on the Company's segments.

Revenue from Contracts with Customers

Expected credit losses

During the three and nine months ended September 30, 2020, the Company individually evaluated tenant receivables within the scope of ASC 606, of which a significant portion are short term. These receivables are assessed for collectability based on management’s best estimate of collection considering balances outstanding, historical collection levels and current economic trends. The Company recognized bad debt (recovery) expense of $(356) and $906 related to this class of receivables that were deemed uncollectable for the three and nine months ended September 30, 2020, respectively.

Outstanding Performance Obligations

The Company has outstanding performance obligations related to certain noncancellable contracts with customers for which it will receive fixed operating expense reimbursements for providing certain maintenance and other services as described above. As of September 30, 2020, the Company expects to recognize these amounts as revenue over the following periods:

Performance obligation	Less than 5 years		5-20 years		Over 20 years		Total
Fixed operating expense reimbursements	$	26,881	$	53,984	$	48,398	$	129,263

The Company evaluates its performance obligations each period and makes adjustments to reflect any known additions or cancellations. Performance obligations related to variable consideration, which is based on sales, are constrained.