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Other assets (Tables)
 12 Months Ended
Dec. 31, 2016
Other Assets [Abstract]  
Schedule of Other Assets

 

 

 

2016

 

 

2015

 

Equity investment in affiliate (1)

 

$

48,182

 

 

$

44,106

 

Intangible assets

 

 

29,812

 

 

 

2,471

 

Restricted cash

 

 

14,059

 

 

 

13,858

 

Capital assets

 

 

1,615

 

 

 

2,288

 

Other

 

 

26,783

 

 

 

26,333

 

Other assets

 

$

120,451

 

 

$

89,056

 

 

 

(1)

In March 2011, the Company entered into an agreement to participate in GCI, an investment vehicle established by an affiliate of The Carlyle Group. GCI will invest up to $900,000,000 equity capital in containership assets strategic to the People’s Republic of China, Taiwan, Hong Kong and Macau.  The Company agreed to make a minority investment in GCI of up to $100,000,000 during the investment period, which ended March 31, 2016.  The Company accounts for its 10.8% (2015 – 10.8%) investment in GCI using the equity method. The investment of $48,182,000 (2015 - $44,106,000) is comprised of the Company’s capital contribution of $44,740,000 (2015 – $40,852,000) and its cumulative equity income on investment of $3,442,000 (2015 – $3,254,000).