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Interest and Other Income (Loss), net (Tables)

12 Months Ended

Dec. 31, 2018

Interest And Other Income [Abstract]

Schedule Of Interest And Other Income (Loss), net

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

	For the Year Ended December 31,
(Amounts in thousands)	2018			2017			2016
Preferred equity investment income ⁽¹⁾	$	3,655		$	4,187		$	5,716
Interest and other income		5,384			1,256			774
Mark-to-market of investments in our deferred compensation plans ⁽²⁾		(922	)		5,114			444
Valuation allowance on preferred equity investment ⁽³⁾		-			(19,588	)		-
Total interest and other income (loss), net	$	8,117		$	(9,031	)	$	6,934

⁽¹⁾	Represents income from our preferred equity investments in PGRESS Equity Holdings L.P., of which our 24.4% share is $890, $1,029 and $1,393 for the years ended December 31, 2018, 2017 and 2016, respectively. See Note 7, Preferred Equity Investments.

⁽²⁾	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.

⁽³⁾

Represents the valuation allowance on 2 Herald Square, our preferred equity investment in PGRESS Equity Holdings L.P., of which our 24.4% share was $4,780, and $14,808 was attributable to noncontrolling interests. In May 2018, the senior lender foreclosed out our interest and accordingly, we wrote off our preferred equity investment.