Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2018

Below is a detail of the amounts by category:



(in thousands)	For the Three Months Ended
Type of Revenue	March 31, 2018		March 31, 2017
Parking income	$	1,626	$	1,568
Rental lease guaranty	175		224
Management fee income	68		99
Miscellaneous	26		44
	$	1,895	$	1,935

Schedule of reclassifications

These amounts are considered immaterial and have been reclassified for the prior year presentation on the Company's Consolidated Statements of Income.



	For the Three Months Ended March 31, 2017
(in thousands)	As Previously Reported			As Reclassified
EXPENSES
Property operating expense	$	37,834		$	37,852
OTHER INCOME (EXPENSE)
Gain on sales of properties	23,403			23,408

INCOME FROM CONTINUING OPERATIONS	$	31,858		$	31,845

DISCONTINUED OPERATIONS
Loss from discontinued operations	$	(18	)	$	—
Gain on sales of properties	5			—
LOSS FROM DISCONTINUED OPERATIONS	$	(13	)	$	—

Impact of Adoption of New Accounting Standard

The following table represents the impact of the adoption of this standard on the Company's Consolidated Statements of Income for the period ended March 31, 2017:



	For the Three Months Ended March 31, 2017
(in thousands)	As Reported		As Reclassified
REVENUES
Rental income	$	104,088	$	102,709
Other operating	481		1,935
	$	104,569	$	104,644

OTHER INCOME (EXPENSE)
Interest and other income, net	$	113	$	38

NET INCOME	$	31,845	$	31,845