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Deferred Charges and Other Assets, net:
3 Months Ended
Mar. 31, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Deferred Charges and Other Assets, net:
Deferred Charges and Other Assets, net:
Deferred charges and other assets, net consist of the following:
 
March 31,
2016
 
December 31,
2015
Leasing
$
224,302

 
$
248,709

Intangible assets:
 
 
 
In-place lease values
159,057

 
196,969

Leasing commissions and legal costs
37,556

 
52,000

Above-market leases
210,733

 
220,847

Deferred tax assets
37,591

 
38,847

Deferred compensation plan assets
37,818

 
37,341

Other assets
53,363

 
70,070

 
760,420

 
864,783

Less accumulated amortization(1)
(255,256
)
 
(300,492
)
 
$
505,164

 
$
564,291

 
 
 
(1)
Accumulated amortization includes $84,501 and $109,453 relating to in-place lease values, leasing commissions and legal costs at March 31, 2016 and December 31, 2015, respectively. Amortization expense of in-place lease values, leasing commissions and legal costs was $8,847 and $21,678 for the three months ended March 31, 2016 and 2015, respectively.
The allocated values of above-market leases and below-market leases consist of the following:
 
March 31,
2016
 
December 31,
2015
Above-Market Leases
 
 
 
Original allocated value
$
210,733

 
$
220,847

Less accumulated amortization
(70,277
)
 
(73,520
)
 
$
140,456

 
$
147,327

Below-Market Leases(1)
 
 
 
Original allocated value
$
202,454

 
$
227,063

Less accumulated amortization
(91,718
)
 
(101,872
)
 
$
110,736

 
$
125,191

 
 
 
(1)
Below-market leases are included in other accrued liabilities.