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Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2017
Commitments And Contingencies Disclosure [Abstract]  
Schedule of Contractual Obligations

The following table summarizes the Company’s contractual obligations for minimum rent payments under operating leases and deferred compensation for the next five years and thereafter as of December 31, 2017:

 

(Payments)/Receipts Due by Year (in thousands)

 

 

 

2018

 

 

2019

 

 

2020

 

 

2021

 

 

2022

 

 

Thereafter

 

 

Total

 

Operating Leases:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Minimum Rent Payments (a)

 

$

(16,506

)

 

$

(16,366

)

 

$

(15,963

)

 

$

(15,743

)

 

$

(13,406

)

 

$

(878,935

)

 

$

(956,919

)

Minimum Rent Receipts (b)

 

$

67,318

 

 

$

61,704

 

 

$

57,913

 

 

$

53,851

 

 

$

49,951

 

 

$

206,151

 

 

$

496,888

 

Other Long-Term Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred Compensation (c)

 

$

(1,390

)

 

$

(1,135

)

 

$

(1,086

)

 

$

(1,086

)

 

$

(1,086

)

 

$

(4,016

)

 

$

(9,799

)

(a)

Minimum basic rent due for various office space the Company leases and fixed base rent due on ground leases for 12 properties.

(b)

Minimum basic rent receipts due for various retail/commercial space where the Company is the lessor.

(c)

Estimated payments to the Company’s Chairman, Vice Chairman and one former CEO based on actual and estimated retirement dates.