XML 43 R11.htm IDEA: XBRL DOCUMENT v3.3.0.814
Intangible Assets
 9 Months Ended
Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
INTANGIBLE ASSETS
Intangible assets on the balance sheets as of September 30, 2015 and December 31, 2014 included the following (in thousands):
 
 
September 30, 2015
 
December 31, 2014
In-place leases, net of accumulated amortization of $81,458 and $62,302 in 2015 and 2014, respectively
 
$
119,539

 
$
147,360

Above-market tenant leases, net of accumulated amortization of $14,891 and $13,748 in 2015 and 2014, respectively
 
8,579

 
12,017

Goodwill
 
3,740

 
3,867

 
 
$
131,858

 
$
163,244




Goodwill relates entirely to the office reportable segment. As office assets are sold, either by the Company or by joint ventures in which the Company has an ownership interest, goodwill is reduced. The following is a summary of goodwill activity for the nine months ended September 30, 2015 and 2014 (in thousands):
 
Nine Months Ended September 30,
 
2015
 
2014
Beginning balance
$
3,867

 
$
4,131

Allocated to property sales
(127
)
 
(74
)
Ending balance
$
3,740

 
$
4,057