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Other Assets And Deferred Charges, Net
12 Months Ended
Dec. 31, 2017
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]  
Other Assets And Deferred Charges, Net

Note 7. Other Assets and Deferred Charges, Net

Other assets and deferred charges, net at December 31, 2017 and 2016 are composed of the following:

 

 

 

December 31,

 

 

 

2017

 

 

2016

 

Lease origination costs (a)

 

$

19,343,000

 

 

$

17,717,000

 

Unsecured revolving credit facility financing costs

 

 

2,207,000

 

 

 

1,554,000

 

Prepaid expenses

 

 

5,377,000

 

 

 

4,872,000

 

Leasehold improvements, furniture and fixtures

 

 

393,000

 

 

 

431,000

 

Investments related to share-based compensation

 

 

552,000

 

 

 

447,000

 

Interest rate swaps

 

 

6,394,000

 

 

 

3,074,000

 

Other

 

 

1,084,000

 

 

 

1,411,000

 

Total other assets and deferred charges, net

 

$

35,350,000

 

 

$

29,506,000

 

 

 

(a)

Lease origination costs include the unamortized balance of intangible lease assets resulting from purchase accounting allocations of $8.3 million (cost of $20.5 million and accumulated amortization of $12.2 million) and $8.4 million (cost of $20.0 million and accumulated amortization of $11.7 million) as of December 31, 2017 and 2016, respectively.

Deferred charges are amortized over the terms of the related agreements. Amortization expense related to deferred charges (including amortization of deferred financing costs included in non-operating income and expense) amounted to $5.1 million, $5.4 million and $5.2 million for 2017, 2016 and 2015, respectively. The unamortized balances of deferred lease origination costs and deferred financing costs relating to the unsecured revolving credit facility are net of accumulated amortization of $27.3 million and $0.2 million, respectively, and will be charged to future operations as follows:

 

 

 

Lease

 

 

Unsecured revolving

 

 

 

origination

 

 

credit facility

 

 

 

costs

 

 

financing costs

 

2018

 

$

3,022,000

 

 

$

602,000

 

2019

 

 

2,555,000

 

 

 

602,000

 

2020

 

 

2,069,000

 

 

 

602,000

 

2021

 

 

1,683,000

 

 

 

401,000

 

2022

 

 

1,359,000

 

 

 

 

Thereafter

 

 

8,655,000

 

 

 

 

 

 

$

19,343,000

 

 

$

2,207,000