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Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2017
INTANGIBLE ASSETS [Abstract]  
Intangible Assets
 
 
 
 
 
Cost
 
Accumulated
Amortization
 
Net Book Value
 
Favorable lease terms December 31, 2015
$      127,788      
$      (72,449      )
$      55,339      
Additions
      —        
      (15,861      )
      (15,861      )
Accelerated amortization
      (44,072      )
      23,546      
      (20,526      )
 
 
 
 
Favorable lease terms December 31, 2016
$      83,716      
$      (64,764      )
$      18,952      
Additions
      27,457 
      (8,446      )
      19,011      
Favorable lease terms June 30, 2017
$      111,173      
$                (73,210)
$      37,963      
 
 
 
 
Amortization of Favorable Lease Terms
 
 
 
 
 
 
Three Month Period Ended
 
Six Month Period Ended
 
 
June 30,
2017
June 30,
2016
June 30,
2017
June 30,
2016
Favorable lease terms charter-out
$                 (5,275)
$      (4,405      )
$      (8,446      )
$      (8,519      )
 
 
 
 
 
Total
$      (5,275      )
$      (4,405)
$      (8,446      )
$      (8,519)
 
 
 
 
 
Aggregate Amortizations of Intangible Assets
 
 
Year
 
Amount
 
2018      
$      26,551      
2019      
      7,663      
2020      
      1,166      
2021      
      1,166      
2022      
      1,166      
2023 and thereafter      
      251      
 
 
 
$      37,963