Quarterly report pursuant to Section 13 or 15(d)

Prepaid Expenses and Other Assets, Net

v3.19.3
Prepaid Expenses and Other Assets, Net
 9 Months Ended
Sep. 30, 2019
Prepaid Expense and Other Assets [Abstract]  
Prepaid Expenses and Other Assets, Net Prepaid Expenses and Other Assets, Net
 
Prepaid expenses and other assets, net consisted of the following (in thousands):
 
 
September 30,
2019
 
December 31,
2018
Lease incentives, net
$
26,179

 
$
21,258

Prepaid expenses
25,158

 
25,658

Construction contract costs incurred in excess of billings
16,743

 
3,189

Furniture, fixtures and equipment, net (1)
7,931

 
8,630

Non-real estate equity investments
6,153

 
5,940

Deferred financing costs, net (2)
3,914

 
4,733

Restricted cash
3,502

 
3,884

Deferred tax asset, net (3)
2,294

 
2,084

Interest rate derivatives
32

 
5,617

Other assets
4,419

 
6,337

Total for COPLP and subsidiaries
96,325

 
87,330

Marketable securities in deferred compensation plan
4,257

 
3,868

Total for COPT and subsidiaries
$
100,582

 
$
91,198



(1) Includes $1.2 million in finance right-of-use assets as of September 30, 2019.
(2) Represents deferred costs, net of accumulated amortization, attributable to our Revolving Credit Facility and interest rate derivatives.
(3) Includes a valuation allowance of $2.0 million as of September 30, 2019 and $2.7 million as of December 31, 2018.