INTANGIBLES

The following table summarizes the Company's intangible assets and liabilities:



	As of December 31, 2018									As of December 31, 2017
	Gross			Accumulated			Net			Gross			Accumulated			Net
	Asset			(Amortization)			Carrying			Asset			(Amortization)			Carrying
(In thousands)	(Liability)			/ Accretion			Amount			(Liability)			/ Accretion			Amount
Intangible Assets:
Indefinite lived intangibles	$	25,028		$	—		$	25,028		$	25,028		$	—		$	25,028
Goodwill	1,307			—			1,307			1,307			—			1,307
Other intangibles	10,278			(2,658		)	7,620			10,278			(1,812		)	8,466

Tenant leases:
In-place value	19,966			(13,427		)	6,539			22,304			(11,483		)	10,821
Above-market	3,313			(2,269		)	1,044			4,171			(2,523		)	1,648
Below-market	(7,326		)	3,140			(4,186		)	(6,454		)	2,688			(3,766		)

Ground leases:
Above-market	—			—			—			(293		)	—			(293		)
Below-market	23,096			(4,800		)	18,296			23,096			(4,449		)	18,647

Total indefinite lived intangibles							$	26,335								$	26,335
Total amortizing intangibles							$	29,313								$	35,523

The tenant in-place, above-market and below-market lease intangible assets and the above-market and below-market ground lease intangible assets resulted from real estate acquisitions. The in‑place value, above-market value of tenant leases and below-market ground lease are included in Prepaid expenses and other assets as detailed in Note 5 - Other Assets and Liabilities and are amortized over periods that approximate the related lease terms. The above-market ground lease and below‑market tenant leases are included in Accounts payable and accrued expenses as detailed in Note 5 - Other Assets and Liabilities and are amortized over the remaining non‑cancelable terms of the respective leases.

Amortization/accretion of these intangible assets and liabilities decreased the Company's pre-tax income, excluding the impact of noncontrolling interest and the provision for income taxes, by $6.0 million in 2018; $8.9 million in 2017 and $6.3 million in 2016.

Future amortization/accretion is estimated to decrease pre-tax income, excluding the impact of noncontrolling interest and the provision for income taxes, by $2.3 million in 2019; $2.3 million in 2020; $1.7 million in 2021; $1.3 million in 2022 and $21.7 million thereafter.