Quarterly report pursuant to Section 13 or 15(d)

Prepaid Expenses and Other Assets, Net

v3.20.1
Prepaid Expenses and Other Assets, Net
 3 Months Ended
Mar. 31, 2020
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):
 
 
March 31,
2020
 
December 31,
2019
Lease incentives, net
$
29,026

 
$
28,433

Prepaid expenses
12,482

 
18,835

Furniture, fixtures and equipment, net
7,620

 
7,823

Construction contract costs in excess of billings, net
7,463

 
17,223

Non-real estate equity investments
6,714

 
6,705

Restricted cash
3,826

 
3,397

Deferred financing costs, net (1)
3,351

 
3,633

Deferred tax asset, net (2)
2,279

 
2,328

Other assets
5,375

 
4,639

Total for COPLP and subsidiaries
78,136

 
93,016

Marketable securities in deferred compensation plan
2,279

 
3,060

Total for COPT and subsidiaries
$
80,415

 
$
96,076



(1) Represents deferred costs, net of accumulated amortization, attributable to our Revolving Credit Facility and interest rate derivatives.
(2) Includes a valuation allowance of $480,000 as of March 31, 2020 and December 31, 2019.