Deferred Charges and Other Assets, net (Tables)

12 Months Ended

Dec. 31, 2019

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of Deferred Charges and Other Assets, Net

Deferred charges and other assets, net at December 31, 2019 and 2018 consist of the following:

	2019		2018
Leasing	$	202,540	$	226,885
Intangible assets:
In-place lease values(1)	78,171		94,966
Leasing commissions and legal costs(1)	20,518		23,508
Above-market leases	59,916		140,889
Deferred tax assets	30,757		32,197
Deferred compensation plan assets	55,349		45,857
Other assets	60,475		75,497
	507,726		639,799
Less accumulated amortization(2)	(229,860)		(249,396)
	$	277,866	$	390,403

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(1)The amortization of these intangible assets for the next five years and thereafter is as follows:

Year Ending December 31,
2020	$	7,921
2021	6,255
2022	4,719
2023	3,436
2024	2,276
Thereafter	7,760
	$	32,367

(2)Accumulated amortization includes $66,322 and $72,286 relating to in-place lease values, leasing commissions and legal costs at December 31, 2019 and 2018, respectively. Amortization expense for in-place lease values, leasing commissions and legal costs was $13,821, $13,635 and $19,958 for the years ended December 31, 2019, 2018 and 2017, respectively.

Schedule of Estimated Amortization of Intangible Assets for the Next Five Years and Thereafter

The amortization of these intangible assets for the next five years and thereafter is as follows:

Year Ending December 31,
2020	$	7,921
2021	6,255
2022	4,719
2023	3,436
2024	2,276
Thereafter	7,760
	$	32,367

Allocated Values of Above-market Leases and below-market leases

The allocated values of above-market leases and below-market leases consist of the following:

	2019		2018
Above-Market Leases
Original allocated value	$	59,916	$	140,889
Less accumulated amortization	(35,737)		(49,847)
	$	24,179	$	91,042
Below-Market Leases(1)
Original allocated value	$	90,790	$	108,330
Less accumulated amortization	(53,727)		(56,345)
	$	37,063	$	51,985

_______________________________

(1)Below-market leases are included in other accrued liabilities.

Schedule of Estimated Amortization of Allocated Values of Above and Below-market Leases for the Next Five Years and Thereafter

The amortization of these values for the next five years and thereafter is as follows:

Year Ending December 31,	Above Market		Below Market
2020	$	5,328	$	6,882
2021	4,677		5,344
2022	4,055		4,374
2023	3,685		3,617
2024	2,691		3,348
Thereafter	3,743		13,498
	$	24,179	$	37,063