Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2017

Summary of Significant Accounting Policies [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The table below details the current and deferred income tax benefit (expense) for the years ended December 31, 2017, 2016 and 2015 (in thousands):

	2017			2016			2015
Current TRS income tax	$	(163	)	$	(36	)	$	—
Current state income tax expense	(360		)	(414		)	(899		)
Current foreign income tax	(36		)	(77		)	431
Current foreign withholding tax	(1,071		)	(1,130		)	(1,107		)
Deferred TRS income tax	137			273			—
Deferred foreign withholding tax	43			39			(43		)
Deferred income tax benefit (expense)	(949		)	792			1,136
Income tax expense	$	(2,399	)	$	(553	)	$	(482	)

Schedule of Deferred Tax Assets and Liabilities

The Company’s consolidated deferred tax position is summarized as follows:

	2017			2016
Fixed assets	$	15,445		$	16,022
Net operating losses	357			578
Other	213			381
Total deferred tax assets	$	16,015		$	16,981
Capital improvements	(2,006		)	(1,716		)
Straight-line receivable	$	(1,891	)	$	(2,177	)
Other	—			(830		)
Total deferred tax liabilities	$	(3,897	)	$	(4,723	)
Net deferred tax asset	$	12,118		$	12,258

Schedule of Intangible Assets and Goodwill

Intangible assets and liabilities (included in Other assets and Accounts payable and accrued liabilities in the accompanying consolidated balance sheets) consist of the following at December 31 (in thousands):

	2017			2016
Assets:
In-place leases, net of accumulated amortization of $5.5 million and $13.4 million, respectively	$	21,512		$	13,716
Above market lease, net of accumulated amortization of $0.8 million and $0.6 million, respectively	351			479
Tradenames, net of accumulated amortization of $23 thousand	6,313			—
Goodwill	693			693
Total intangible assets, net	$	28,869		$	14,888
Liabilities:
Below market lease, net of accumulated amortization of $0.3 million and $12 thousand, respectively	$	(8,792	)	$	(109	)

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Future amortization of in-place leases, net, above market lease, net, and below market lease, net at December 31, 2017 is as follows (in thousands):

	In place leases		Above market lease		Below market lease			Tradenames (1)
Year:
2018	$	2,420	$	197	$	(458	)	$	30
2019	2,181		102		(458		)	30
2020	1,907		6		(446		)	30
2021	1,796		6		(426		)	30
2022	1,695		6		(410		)	30
Thereafter	11,513		34		(6,594		)	806
Total	$	21,512	$	351	$	(8,792	)	$	956
(1) Excludes $5.4 million in tradenames with indefinite lives.