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Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2018
INTANGIBLE ASSETS [Abstract]  
Intangible Assets

 

 

 

 

 

Cost

 

Accumulated
Amortization

 

Net Book Value

 

Favorable lease terms December 31, 2016

$83,716 

$(64,764)

$18,952 

Additions

   

(10,872)

(10,872)

 

 

 

 

Favorable lease terms December 31, 2017

$83,716 

$(75,636)

$8,080 

Additions

   

(2,032)

(2,032)

 

 

 

 

Favorable lease terms June 30, 2018

$83,716 

$(77,668)

$6,048 

 

 

 

 

 

Amortization of Favorable Lease Terms

 

 

 

 

 

 

Three Month Period Ended

 

Six Month Period Ended

 

 

June 30,
2018

June 30,
2017

June 30,
2018

June 30,
2017

Favorable lease terms

$(1,016)

$(5,275)

$(2,032)

$(8,446)

 

 

 

 

 

Total

$(1,016)

$(5,275)

$(2,032)

$(8,446)

 

 

 

 

 

 

Aggregate Amortizations of Intangible Assets

 

 

Year

 

Amount

 

2019

2,299 

2020

1,166 

2021

1,166 

2022 and thereafter

1,417 

 

 

 

$6,048