Quarterly report pursuant to Section 13 or 15(d)

Deferred Charges, Goodwill And Other Assets, Net (Tables)

v3.7.0.1
Deferred Charges, Goodwill And Other Assets, Net (Tables)
6 Months Ended
Jun. 30, 2017
Deferred Charges, Goodwill And Other Assets [Line Items]  
Schedule Of Deferred Charges, Goodwill And Other Assets



 

 

 

 

 



 

 

 

 

 



 

June 30,

 

 

December 31,

(dollars in thousands)

 

2017

 

 

2016

Deferred leasing costs

$

210,797 

 

$

220,947 

Deferred financing costs - unsecured revolving credit facility (a)

 

4,945 

 

 

5,400 



 

215,742 

 

 

226,347 

Accumulated amortization

 

(98,205)

 

 

(107,359)

Deferred charges, net

 

117,537 

 

 

118,988 

Notes receivable (b)

 

4,805 

 

 

13,251 

In-place lease values, related intangibles and other assets, net

 

120,440 

 

 

72,046 

Goodwill (c)

 

2,945 

 

 

2,945 

Prepaid expenses and other assets, net (d)

 

71,257 

 

 

60,720 



 

 

 

 

 

Total deferred charges, goodwill and other assets, net

$

316,984 

 

$

267,950 



(a)

Pursuant to recently issued accounting standards, deferred financing costs related to all other debt liabilities (other than for the unsecured revolving credit facility) are netted against those debt liabilities for all periods presented. See Note 2: Significant Accounting Policies – Deferred Financing Costs.

(b)

Includes as of June 30, 2017, an interest-free note receivable with a net present value of $2.7 million which matures in April 2023.  The Company believes this balance is fully collectible.

(c)

All goodwill is attributable to the Company’s Multi-family Services segment.

(d)

Includes $15.1 million of proceeds from property sales held by a qualified intermediary as of June 30, 2017.

Schedule Of Fair Value Of The Derivative Financial Instruments



 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 



 

 

Fair Value

 

 

 

 

Asset  Derivatives designated

 

 

June 30,

 

 

December 31,

 

 

 

 

as hedging instruments

 

 

2017

 

 

2016

 

 

Balance sheet location

 

Interest rate swaps

 

$

3,102 

 

$

2,847 

 

 

Deferred charges, goodwill and other assets

 



 

 

 

 

 

 

 

 

 

 

Liability Derivatives designated

 

 

 

 

 

 

 

 

 

 

as hedging instruments

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

$

413 

 

$

 -

 

 

Accounts payable, accrued expenses and other liabilities

 



Schedule Of Cash Flow Hedging, Derivative Financial Instruments On The Income Statement



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivatives in Cash Flow Hedging Relationships

 

Amount of Gain or (Loss) Recognized in OCI on Derivative (Effective Portion)

 

Location of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)

 

 

Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)

 

Location of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)

 

 

Amount of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion, Reclassification for Forecasted Transactions No Longer Probable of Occurring and Amount Excluded from Effectiveness Testing)



 

2017

 

 

2016

 

 

 

 

2017

 

 

2016

 

 

 

 

2017

 

 

2016

Three months ended June 30,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

$

(2,129)

 

$

(3,807)

 

Interest expense

 

$

(776)

 

$

(893)

 

Interest and other investment income (loss)

 

$

11 

 

$

(99)



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six months ended June 30,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

$

(1,494)

 

$

(10,994)

 

Interest expense

 

$

(1,368)

 

$

(1,740)

 

Interest and other investment income (loss)

 

$

(32)

 

$

(1,012)



Mack-Cali Realty LP [Member]  
Deferred Charges, Goodwill And Other Assets [Line Items]  
Schedule Of Deferred Charges, Goodwill And Other Assets



 

 

 

 

 



 

 

 

 

 



 

June 30,

 

 

December 31,

(dollars in thousands)

 

2017

 

 

2016

Deferred leasing costs

$

210,797 

 

$

220,947 

Deferred financing costs - unsecured revolving credit facility (a)

 

4,945 

 

 

5,400 



 

215,742 

 

 

226,347 

Accumulated amortization

 

(98,205)

 

 

(107,359)

Deferred charges, net

 

117,537 

 

 

118,988 

Notes receivable (b)

 

4,805 

 

 

13,251 

In-place lease values, related intangibles and other assets, net

 

120,440 

 

 

72,046 

Goodwill (c)

 

2,945 

 

 

2,945 

Prepaid expenses and other assets, net (d)

 

71,257 

 

 

60,720 



 

 

 

 

 

Total deferred charges, goodwill and other assets, net

$

316,984 

 

$

267,950 



(a)

Pursuant to recently issued accounting standards, deferred financing costs related to all other debt liabilities (other than for the unsecured revolving credit facility) are netted against those debt liabilities for all periods presented. See Note 2: Significant Accounting Policies – Deferred Financing Costs.

(b)

Includes as of June 30, 2017, an interest-free note receivable with a net present value of $2.7 million which matures in April 2023.  The Company believes this balance is fully collectible.

(c)

All goodwill is attributable to the Company’s Multi-family Services segment.

(d)

Includes $15.1 million of proceeds from property sales held by a qualified intermediary as of June 30, 2017.

Schedule Of Fair Value Of The Derivative Financial Instruments



 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 



 

 

Fair Value

 

 

 

 

Asset  Derivatives designated

 

 

June 30,

 

 

December 31,

 

 

 

 

as hedging instruments

 

 

2017

 

 

2016

 

 

Balance sheet location

 

Interest rate swaps

 

$

3,102 

 

$

2,847 

 

 

Deferred charges, goodwill and other assets

 



 

 

 

 

 

 

 

 

 

 

Liability Derivatives designated

 

 

 

 

 

 

 

 

 

 

as hedging instruments

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

$

413 

 

$

 -

 

 

Accounts payable, accrued expenses and other liabilities

 



Schedule Of Cash Flow Hedging, Derivative Financial Instruments On The Income Statement



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivatives in Cash Flow Hedging Relationships

 

Amount of Gain or (Loss) Recognized in OCI on Derivative (Effective Portion)

 

Location of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)

 

 

Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)

 

Location of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)

 

 

Amount of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion, Reclassification for Forecasted Transactions No Longer Probable of Occurring and Amount Excluded from Effectiveness Testing)



 

2017

 

 

2016

 

 

 

 

2017

 

 

2016

 

 

 

 

2017

 

 

2016

Three months ended June 30,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

$

(2,129)

 

$

(3,807)

 

Interest expense

 

$

(776)

 

$

(893)

 

Interest and other investment income (loss)

 

$

11 

 

$

(99)



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six months ended June 30,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

$

(1,494)

 

$

(10,994)

 

Interest expense

 

$

(1,368)

 

$

(1,740)

 

Interest and other investment income (loss)

 

$

(32)

 

$

(1,012)