Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2018

Below is a detail of the amounts by category:



(in thousands)	Three Months Ended September 30,				Nine Months Ended September 30,
Type of Revenue	2018		2017		2018		2017
Parking income	$	1,752	$	1,669	$	5,197	$	4,907
Rental lease guaranty	168		168		488		545
Management fee income	68		70		205		237
Miscellaneous	22		40		83		127
	$	2,010	$	1,947	$	5,973	$	5,816

Schedule of reclassifications

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



	Three months ended September 30, 2017						Nine months ended September 30, 2017
(in thousands)	As Previously Reported			As Reclassified			As Previously Reported			As Reclassified
EXPENSES
Property operating expense	$	40,626		$	40,628		$	116,644		$	116,663
Bad debt, net	14			4			185			175

OTHER INCOME (EXPENSE)
Gain on sales of properties	(7		)	(7		)	39,519			39,525

INCOME FROM CONTINUING OPERATIONS	$	3,165		$	3,173		$	60,247		$	60,243

DISCONTINUED OPERATIONS
Income (loss) from discontinued operations	$	8		$	—		$	(9	)	$	—
Gain on sales of properties	—			—			5			—
INCOME (LOSS) FROM DISCONTINUED OPERATIONS	$	8		$	—		$	(4	)	$	—

Impact of Adoption of New Accounting Standard

The following table represents the impact of the adoption of this standard on the Company's Condensed Consolidated Statements of Income for the three and nine months ended September 30, 2017:



	Three months ended September 30, 2017				Nine months ended September 30, 2017
(in thousands)	As Reported		As Reclassified		As Reported		As Reclassified
REVENUES
Rental income	$	106,561	$	105,078	$	315,519	$	311,171
Other operating	392		1,947		1,249		5,816
	$	106,953	$	107,025	$	316,768	$	316,987

OTHER INCOME (EXPENSE)
Interest and other income, net	$	426	$	354	$	616	$	396

NET INCOME	$	3,173	$	3,173	$	60,243	$	60,243