6. Other Assets

Other assets, net consisted of the following (in thousands):


	September 30,		December 31,
	2017		2016
	(unaudited)
Property and equipment, net	$	515	$	779
Goodwill		990		990
Deferred expense on straight-lined third-party tenant leases		2,852		2,876
Deferred income tax asset		13,977		—
Interest rate derivatives		1,463		1,749
Other receivables		2,012		1,673
Other		1,412		1,322
Total other assets net	$	23,221	$	9,389

During the third quarter of 2017, the Company released its full valuation allowance, which was previously held against all $13.6 million of its net U.S. federal and state deferred tax assets, consisting of a $14.0 million deferred tax asset related to federal and state net operating losses, reserves and other deferred tax assets of the TRS Lessee and a $0.3 million deferred tax liability related to timing differences associated with amortization and deferred revenue of the TRS Lessee. The Company’s evaluation through September 30, 2017 indicates that the hotel industry’s overall economic climate will remain relatively stable, resulting in the TRS operating leases to continue to perform as expected. As such, the Company has modified its conclusion as of December 31, 2016, and believes that there no longer exists sufficient negative evidence that would prevent it from relying on projections of future taxable income sufficient to realize its deferred assets. In reaching its conclusion, the Company has considered various factors, including future reversals of existing taxable temporary differences, future projected taxable income and tax planning strategies in determining a valuation allowance for its deferred tax assets. The Company believes it is more likely than not that it will be able to realize the net U.S. federal and state deferred tax assets in the future.