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Segment Information
 6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company measures performance and allocates resources according to property type, which is determined based on certain criteria such as type of tenants, capital requirements, economic risks, leasing terms, and short and long-term returns on capital. Rental income and tenant reimbursements from tenant leases provide the majority of revenues from all segments.
Information on the Company’s segments is presented as follows:
Three Months Ended June 30, 2019
 
Malls
 
All Other (1)
 
Total
Revenues (2)
 
$
170,976

 
$
22,401

 
$
193,377

Property operating expenses (3)
 
(53,599
)
 
(3,379
)
 
(56,978
)
Interest expense
 
(21,556
)
 
(30,926
)
 
(52,482
)
Other expense
 
—

 
(34
)
 
(34
)
Gain on sales of real estate assets
 
2,478

 
3,049

 
5,527

Segment profit (loss)
 
$
98,299

 
$
(8,889
)
 
89,410

Depreciation and amortization expense
 
 
 
 
 
(64,478
)
General and administrative expense
 
 
 
 
 
(14,427
)
Interest and other income
 
 
 
 
 
356

Loss on impairment
 
 
 
 
 
(41,608
)
Income tax provision
 
 
 
 
 
(813
)
Equity in earnings of unconsolidated affiliates
 
 
 
 
 
1,872

Net loss
 
 
 
 
 
$
(29,688
)
Capital expenditures (4)
 
$
31,560

 
$
1,413

 
$
32,973



Three Months Ended June 30, 2018
 
Malls
 
All Other (1)
 
Total
Revenues (2)
 
$
195,942

 
$
18,656

 
$
214,598

Property operating expenses (3)
 
(57,940
)
 
(4,102
)
 
(62,042
)
Interest expense
 
(25,962
)
 
(28,241
)
 
(54,203
)
Other expense
 
(35
)
 
(210
)
 
(245
)
Gain on sales of real estate assets
 
—

 
3,747

 
3,747

Segment profit (loss)
 
$
112,005

 
$
(10,150
)
 
101,855

Depreciation and amortization expense
 
 

 
 

 
(73,566
)
General and administrative expense
 
 

 
 

 
(13,490
)
Interest and other income
 
 

 
 

 
218

Loss on impairment
 
 
 
 
 
(51,983
)
Gain on investment
 
 
 
 
 
387

Income tax benefit
 
 

 
 

 
2,235

Equity in earnings of unconsolidated affiliates
 
 
 
 
 
4,368

Net loss
 
 

 
 

 
$
(29,976
)
Capital expenditures (4)
 
$
32,779

 
$
5,043

 
$
37,822




Six Months Ended June 30, 2019
 
Malls
 
All Other (1)
 
Total
Revenues (2)
 
$
354,840

 
$
36,567

 
$
391,407

Property operating expenses (3)
 
(110,780
)
 
(7,873
)
 
(118,653
)
Interest expense
 
(44,746
)
 
(61,734
)
 
(106,480
)
Other expense
 
—

 
(34
)
 
(34
)
Gain on sales of real estate assets
 
2,478

 
3,277

 
5,755

Segment profit (loss)
 
$
201,792

 
$
(29,797
)
 
171,995

Depreciation and amortization expense
 
 
 
 
 
(134,270
)
General and administrative expense
 
 
 
 
 
(36,434
)
Litigation settlement expense
 
 
 
 
 
(88,150
)
Interest and other income
 
 
 
 
 
845

Gain on extinguishment of debt
 
 
 
 
 
71,722

Loss on impairment
 
 
 
 
 
(66,433
)
Income tax provision
 
 
 
 
 
(952
)
Equity in earnings of unconsolidated affiliates
 
 
 
 
 
5,180

Net loss
 
 
 
 
 
$
(76,497
)
Capital expenditures (4)
 
$
59,584

 
$
1,528

 
$
61,112





Six Months Ended June 30, 2018
 
Malls
 
All Other (1)
 
Total
Revenues (2)
 
$
396,657

 
$
38,141

 
$
434,798

Property operating expenses (3)
 
(121,769
)
 
(8,126
)
 
(129,895
)
Interest expense
 
(51,736
)
 
(56,234
)
 
(107,970
)
Other expense
 
(84
)
 
(255
)
 
(339
)
Gain on sales of real estate assets
 
—

 
8,118

 
8,118

Segment profit (loss)
 
$
223,068

 
$
(18,356
)
 
204,712

Depreciation and amortization expense
 
 
 
 
 
(145,316
)
General and administrative expense
 
 
 
 
 
(31,794
)
Interest and other income
 
 
 
 
 
431

Loss on impairment
 
 
 
 
 
(70,044
)
Gain on investment
 
 
 
 
 
387

Income tax benefit
 
 
 
 
 
2,880

Equity in earnings of unconsolidated affiliates
 
 
 
 
 
8,107

Net loss
 
 
 
 
 
$
(30,637
)
Capital expenditures (4)
 
$
67,081

 
$
7,392

 
$
74,473



Total Assets
 
Malls
 
All Other (1)
 
Total
June 30, 2019
 
$
4,610,847

 
$
437,293

 
$
5,048,140

 
 
 
 
 
 
 
December 31, 2018
 
$
4,868,141

 
$
472,712

 
$
5,340,853

(1)
The All Other category includes associated centers, community centers, mortgage and other notes receivable, office buildings, self-storage facilities, corporate-level debt and the Management Company.
(2)
Management, development and leasing fees are included in the All Other category. See Note 3 for information on the Company's revenues disaggregated by revenue source for each of the above segments.
(3)
Property operating expenses include property operating, real estate taxes and maintenance and repairs.
(4)
Amounts include acquisitions of real estate assets and investments in unconsolidated affiliates. Developments in progress are included in the All Other category.