4. Deferred Charges

Deferred charges consisted of the following at December 31 (in thousands):



	2016			2015
Leasing costs, including lease related intangibles	$	1,132,092		$	1,123,105
Financing costs	6,094			6,094
	1,138,186			1,129,199
Less: Accumulated amortization	(452,023		)	(424,332		)
	$	686,163		$	704,867

On January 1, 2016, the Company adopted ASU 2015-03 and retrospectively applied the guidance to its Mortgage Notes Payable and Unsecured Senior Notes for all periods presented (See Note 2). Unamortized deferred financing costs, which were previously included in Deferred Charges, Net, totaling approximately $2.4 million and $35.3 million are included in Mortgage Notes Payable, Net and Unsecured Senior Notes, Net, respectively, as of December 31, 2016 and approximately $3.5 million and $24.5 million are included in Mortgage Notes Payable, Net and Unsecured Senior Notes, Net, respectively, as of December 31, 2015. Net unamortized deferred financing costs associated with the Company's Unsecured Line of Credit totaling approximately $1.9 million and $3.1 million as of December 31, 2016 and 2015, respectively, continue to be presented within Deferred Charges, Net as there is no balance outstanding.

The following table summarizes the scheduled amortization of the Company’s acquired in-place lease intangibles for each of the five succeeding years (in thousands).



	Acquired In-Place Lease Intangibles
2017	$	37,547
2018	32,831
2019	26,556
2020	13,885
2021	8,365