Redeemable Noncontrolling Interests (Tables)

6 Months Ended

Jun. 30, 2020

Noncontrolling Interest [Abstract]

Redeemable Noncontrolling Interests

	Three Months Ended June 30,
	2020						2019
			Consolidated						Consolidated
	JBG		Real Estate				JBG		Real Estate
	SMITH LP		Venture		Total		SMITH LP		Venture		Total
	(In thousands)
Balance as of the beginning of the period	$	496,984	$	6,056	$	503,040	$	578,781	$	5,982	$	584,763
OP Unit redemptions		(4,752)		—		(4,752)		(316)		—		(316)
Long-term incentive partnership units ("LTIP Units") issued in lieu of cash bonuses (1)		450		—		450		818		—		818
Net income (loss) attributable to redeemable noncontrolling interests		(3,443)		(40)		(3,483)		(292)		4		(288)
Other comprehensive loss		(182)		—		(182)		(1,503)		—		(1,503)
Contributions (distributions)		(3,782)		—		(3,782)		(3,838)		—		(3,838)
Share-based compensation expense		20,465		—		20,465		15,343		—		15,343
Adjustment to redemption value		(12,673)		—		(12,673)		(20,751)		—		(20,751)
Balance as of the end of the period	$	493,067	$	6,016	$	499,083	$	568,242	$	5,986	$	574,228
	Six Months Ended June 30,
	2020						2019
			Consolidated						Consolidated
	JBG		Real Estate				JBG		Real Estate
	SMITH LP		Venture		Total		SMITH LP		Venture		Total
	(In thousands)
Balance as of the beginning of the period	$	606,699	$	6,059	$	612,758	$	552,159	$	5,981	$	558,140
OP Unit redemptions		(35,878)		—		(35,878)		(57,318)		—		(57,318)
LTIP Units issued in lieu of cash bonuses (1)		4,066		—		4,066		3,954		—		3,954
Net income (loss) attributable to redeemable noncontrolling interests		1,810		(43)		1,767		3,094		5		3,099
Other comprehensive loss		(3,755)		—		(3,755)		(2,886)		—		(2,886)
Contributions (distributions)		(3,782)		—		(3,782)		(3,838)		—		(3,838)
Share-based compensation expense		37,246		—		37,246		31,616		—		31,616
Adjustment to redemption value		(113,339)		—		(113,339)		41,461		—		41,461
Balance as of the end of the period	$	493,067	$	6,016	$	499,083	$	568,242	$	5,986	$	574,228

(1) See Note 11 for additional information.