XML 68 R57.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment Reporting - Components of Segment Profit for Each Segment (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Dec. 31, 2017
Revenues:          
Total revenues $ 178,529 $ 176,349 $ 345,800 $ 340,682  
Operating expenses:          
Property operating expenses 39,418 38,529 83,603 80,739  
Intercompany rent expense 0 0 0 0  
Ground rent expenses 2,332 2,332 4,663 4,663  
General and administrative expenses 13,225 12,579 25,853 23,667  
Observatory expenses 7,678 7,176 15,014 14,431  
Real estate taxes 26,743 24,542 53,487 49,100  
Depreciation and amortization 39,468 40,532 79,351 81,378  
Total operating expenses 128,864 125,690 261,971 253,978  
Total operating income 49,665 50,659 83,829 86,704  
Other income (expense):          
Interest income 2,499 775 3,724 1,396  
Interest expense (20,525) (17,477) (38,116) (35,219)  
Loss from derivative financial instruments 0 (42) 0 (289)  
Income before income taxes 31,639 33,915 49,437 52,592  
Income tax (expense) benefit (1,455) (2,556) (1,195) (2,088)  
Net income 30,184 31,359 48,242 50,504  
Segment assets 4,162,905 3,831,201 4,162,905 3,831,201 $ 3,931,347
Expenditures for segment assets 76,889 61,324 123,239 109,384  
Intersegment Elimination          
Revenues:          
Total revenues (21,990) (20,675) (35,551) (34,053)  
Operating expenses:          
Property operating expenses 0 0 0 0  
Intercompany rent expense (21,990) (20,675) (35,551) (34,053)  
Ground rent expenses 0 0 0 0  
General and administrative expenses 0 0 0 0  
Observatory expenses 0 0 0 0  
Real estate taxes 0 0 0 0  
Depreciation and amortization 0 0 0 0  
Total operating expenses (21,990) (20,675) (35,551) (34,053)  
Total operating income 0 0 0 0  
Other income (expense):          
Interest income 0 0 0 0  
Interest expense 0 0 0 0  
Loss from derivative financial instruments   0   0  
Income before income taxes 0 0 0 0  
Income tax (expense) benefit 0 0 0 0  
Net income 0 0 0 0  
Segment assets 0 0 0 0  
Expenditures for segment assets 0 0 0 0  
Real Estate | Operating Segments          
Revenues:          
Total revenues 165,318 163,058 324,901 319,829  
Operating expenses:          
Property operating expenses 39,418 38,529 83,603 80,739  
Intercompany rent expense 0 0 0 0  
Ground rent expenses 2,332 2,332 4,663 4,663  
General and administrative expenses 13,225 12,579 25,853 23,667  
Observatory expenses 0 0 0 0  
Real estate taxes 26,743 24,542 53,487 49,100  
Depreciation and amortization 39,452 40,458 79,317 81,291  
Total operating expenses 121,170 118,440 246,923 239,460  
Total operating income 44,148 44,618 77,978 80,369  
Other income (expense):          
Interest income 2,499 775 3,724 1,396  
Interest expense (20,525) (17,477) (38,116) (35,219)  
Loss from derivative financial instruments   (42)   (289)  
Income before income taxes 26,122 27,874 43,586 46,257  
Income tax (expense) benefit (268) (413) (575) (696)  
Net income 25,854 27,461 43,011 45,561  
Segment assets 3,902,676 3,579,873 3,902,676 3,579,873  
Expenditures for segment assets 61,017 54,474 95,816 102,534  
Observatory | Operating Segments          
Revenues:          
Total revenues 35,201 33,966 56,450 54,906  
Operating expenses:          
Property operating expenses 0 0 0 0  
Intercompany rent expense 21,990 20,675 35,551 34,053  
Ground rent expenses 0 0 0 0  
General and administrative expenses 0 0 0 0  
Observatory expenses 7,678 7,176 15,014 14,431  
Real estate taxes 0 0 0 0  
Depreciation and amortization 16 74 34 87  
Total operating expenses 29,684 27,925 50,599 48,571  
Total operating income 5,517 6,041 5,851 6,335  
Other income (expense):          
Interest income 0 0 0 0  
Interest expense 0 0 0 0  
Loss from derivative financial instruments   0   0  
Income before income taxes 5,517 6,041 5,851 6,335  
Income tax (expense) benefit (1,187) (2,143) (620) (1,392)  
Net income 4,330 3,898 5,231 4,943  
Segment assets 260,229 251,328 260,229 251,328  
Expenditures for segment assets 15,872 6,850 27,423 6,850  
Rental Revenue          
Revenues:          
Total revenues 124,038 120,844 246,349 237,957  
Rental Revenue | Intersegment Elimination          
Revenues:          
Total revenues 0 0 0 0  
Rental Revenue | Real Estate | Operating Segments          
Revenues:          
Total revenues 124,038 120,844 246,349 237,957  
Rental Revenue | Observatory | Operating Segments          
Revenues:          
Total revenues 0 0 0 0  
Intercompany Rental Revenue          
Revenues:          
Total revenues 0 0 0 0  
Intercompany Rental Revenue | Intersegment Elimination          
Revenues:          
Total revenues (21,990) (20,675) (35,551) (34,053)  
Intercompany Rental Revenue | Real Estate | Operating Segments          
Revenues:          
Total revenues 21,990 20,675 35,551 34,053  
Intercompany Rental Revenue | Observatory | Operating Segments          
Revenues:          
Total revenues 0 0 0 0  
Tenant Expense Reimbursement          
Revenues:          
Total revenues 16,205 17,569 33,999 33,543  
Tenant Expense Reimbursement | Intersegment Elimination          
Revenues:          
Total revenues 0 0 0 0  
Tenant Expense Reimbursement | Real Estate | Operating Segments          
Revenues:          
Total revenues 16,205 17,569 33,999 33,543  
Tenant Expense Reimbursement | Observatory | Operating Segments          
Revenues:          
Total revenues 0 0 0 0  
Observatory Revenue          
Revenues:          
Total revenues 35,201 33,966 56,450 54,906  
Observatory Revenue | Intersegment Elimination          
Revenues:          
Total revenues 0 0 0 0  
Observatory Revenue | Real Estate | Operating Segments          
Revenues:          
Total revenues 0 0 0 0  
Observatory Revenue | Observatory | Operating Segments          
Revenues:          
Total revenues 35,201 33,966 56,450 54,906  
Lease Termination Fees          
Revenues:          
Total revenues 357 1,251 979 9,189  
Lease Termination Fees | Intersegment Elimination          
Revenues:          
Total revenues 0 0 0 0  
Lease Termination Fees | Real Estate | Operating Segments          
Revenues:          
Total revenues 357 1,251 979 9,189  
Lease Termination Fees | Observatory | Operating Segments          
Revenues:          
Total revenues 0 0 0 0  
Third-Party Management And Other Fees          
Revenues:          
Total revenues 376 392 839 743  
Third-Party Management And Other Fees | Intersegment Elimination          
Revenues:          
Total revenues 0 0 0 0  
Third-Party Management And Other Fees | Real Estate | Operating Segments          
Revenues:          
Total revenues 376 392 839 743  
Third-Party Management And Other Fees | Observatory | Operating Segments          
Revenues:          
Total revenues 0 0 0 0  
Other Revenue And Fees          
Revenues:          
Total revenues 2,352 2,327 7,184 4,344  
Other Revenue And Fees | Intersegment Elimination          
Revenues:          
Total revenues 0 0 0 0  
Other Revenue And Fees | Real Estate | Operating Segments          
Revenues:          
Total revenues 2,352 2,327 7,184 4,344  
Other Revenue And Fees | Observatory | Operating Segments          
Revenues:          
Total revenues $ 0 $ 0 $ 0 $ 0