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Revenue
3 Months Ended
Mar. 31, 2020
Revenue From Contract With Customer [Abstract]  
Revenue

10. Revenue

The table below sets forth revenue from tenant construction projects and the associated project management income disaggregated by tenant agency for the three months ended March 31, 2020 and 2019 (amounts in thousands):

 

 

For the three months ended March 31,

 

Tenant

 

2020

 

 

2019

 

Department of Veteran Affairs (“VA”)

 

$

661

 

 

$

450

 

Federal Bureau of Investigation (“FBI”)

 

 

534

 

 

 

1,119

 

Military Entrance Processing Command (“MEPCOM”)

 

 

21

 

 

 

 

Immigration and Customs Enforcement (“ICE”)

 

 

20

 

 

 

 

Social Security Administration (“SSA”)

 

 

19

 

 

 

1

 

Bureau of the Fiscal Service (“BFS”)

 

 

6

 

 

 

 

Internal Revenue Service (“IRS”)

 

 

3

 

 

 

6

 

The Judiciary of the U.S. Government (“JUD”)

 

 

1

 

 

 

4

 

Food and Drug Administration (“FDA”)

 

 

 

 

 

77

 

U.S. Citizenship and Immigration Services (“USCIS”)

 

 

 

 

 

14

 

Drug Enforcement Administration (“DEA”)

 

 

 

 

 

127

 

U.S. Forest Service (“USFS”)

 

 

 

 

 

16

 

 

 

$

1,265

 

 

$

1,814

 

The balance in Accounts receivable related to tenant construction projects and the associated project management income was $3.0 million as of March 31, 2020 and $4.3 million as of December 31, 2019.

The duration of the majority of tenant construction project reimbursement arrangements are less than a year and payment is typically due once a project is complete and work has been accepted by the tenant.  There were no projects ongoing as of March 31, 2020 with a duration of greater than one year.

During the three months ended March 31, 2020 and 2019, the Company also recognized $0.3 million and $0.2 million, respectively, in parking garage income generated from the operations of parking garages situated on the Various GSA - Buffalo property acquired in the third quarter of 2018 and on the Various GSA - Portland property acquired in the first quarter of 2019. The monthly and transient daily parking revenue falls within the scope of Revenue from Contracts with Customers (“ASC 606”) and is accounted for at the point in time when control of the goods or services transfers to the customer and the Company’s performance obligation is satisfied. The balance in Accounts receivable related to parking garage income was $0.1 million as of both March 31, 2020 and December 31, 2019.

Additionally, the Company also earns credits on its utility bills at certain properties for the use of energy efficient building materials, which also fall within the scope of ASC 606. The pattern of recognition for the credits is in line with the recognition of the associated utility expense. The Company recognized less than $0.1 million in energy credit income during both the three months ended March 31, 2020 and 2019.

There were no contract assets or liabilities as of March 31, 2020.