Interest and Other (Loss) Income, net

12 Months Ended

Dec. 31, 2017

Interest And Other Income [Abstract]

Interest and Other (Loss) Income, net

17. Interest and Other (Loss) Income, net

The following table sets forth the details of interest and other (loss) income.

	For the Year Ended December 31,
(Amounts in thousands)	2017				2016		2015
Valuation allowance on preferred equity investment	$	(19,588	)	(1)	$	-	$	-
Preferred equity investment income (2)		4,187				5,716		-
Interest and other income		1,256				774		674
Mark-to-market of investments in our deferred    compensation plans (3)		5,114				444		197
Total interest and other (loss) income, net	$	(9,031	)		$	6,934	$	871

⁽¹⁾ Represents the valuation allowance on 2 Herald Square, our preferred equity investment in PGRESS Equity Holdings L.P., of which our 24.4% share is $4,780 and $14,808 was attributable to the noncontrolling interests.

⁽²⁾ Represents income from our preferred equity investments in PGRESS Equity Holdings L.P., which was acquired in December 2015, of which our 24.4% share is $1,029 and $1,393 for the years ended December 31, 2017 and 2016, respectively. See Note 7, Preferred Equity Investments.

⁽³⁾ The change resulting from the mark-to-market of the deferred compensation plan assets is entirely offset by the change in deferred compensation plan liabilities, which is included as a component of “general and administrative” expenses on our consolidated statements of income.