XML 30 R16.htm IDEA: XBRL DOCUMENT v3.10.0.1
Intangible Assets and Liabilities
12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Liabilities Intangible Assets and Liabilities
The Company has several types of intangible assets and liabilities included in its Consolidated Balance Sheets, including goodwill, debt issuance costs, above-, below-, and at-market lease intangibles, and customer relationship intangibles. The Company’s intangible assets and liabilities as of December 31, 2018 and 2017 consisted of the following:
 
Gross Balance at December 31,
 
Accumulated Amortization at December 31,
 
Weighted
Avg. Remaining Life
(Years)
 
Balance Sheet
Classification
(Dollars in millions)
2018

 
2017

 
2018

 
2017

 
Goodwill
$
3.5

 
$
3.5

 
$

 
$

 
N/A
 
Other assets, net
Credit facility debt issuance costs
5.4

 
5.4

 
3.2

 
1.9

 
1.6
 
Other assets, net
Above-market lease intangibles
22.3

 
22.9

 
5.5

 
5.0

 
59.6
 
Other assets, net
Customer relationship intangibles
2.7

 
2.6

 
1.0

 
0.9

 
24.6
 
Other assets, net
Below-market lease intangibles
(9.3
)
 
(9.5
)
 
(4.1
)
 
(3.5
)
 
38.0
 
Other liabilities
Debt issuance costs (1)
9.3

 
9.3

 
2.8

 
1.8

 
3.7
 
Notes and bonds payable
At-market lease intangibles
114.4

 
110.0

 
52.0

 
41.6

 
4.8
 
Real estate properties
 
$
148.3

 
$
144.2

 
$
60.4

 
$
47.7

 
16.5
 
 

______
(1)
Includes debt issuance costs related to the Company's Unsecured credit facility due 2020.

For the years ended December 31, 2018 and 2017, the Company recognized approximately $23.2 million and $16.6 million of intangible amortization expense, respectively.
The following table represents expected amortization over the next five years of the Company’s intangible assets and liabilities in place as of December 31, 2018:
(Dollars in millions)
Future Amortization of Intangibles, net

2019
$
22.1

2020
15.5

2021
9.6

2022
7.3

2023
4.6