Deferred Charges and Other Assets, net (Tables)

12 Months Ended

Dec. 31, 2020

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, 2020 and 2019 consist of the following:

	2020		2019
Leasing	$	162,652	$	202,540
Intangible assets:
In-place lease values(1)	74,298		78,171
Leasing commissions and legal costs(1)	21,096		20,518
Above-market leases	80,120		59,916
Deferred tax assets	30,767		30,757
Deferred compensation plan assets	62,874		55,349
Other assets	61,553		60,475
	493,360		507,726
Less accumulated amortization(2)	(186,401)		(229,860)
	$	306,959	$	277,866

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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,
2021	$	8,997
2022	8,096
2023	6,884
2024	5,848
2025	5,005
Thereafter	13,315
	$	48,145

(2)Accumulated amortization includes $47,249 and $66,322 relating to in-place lease values, leasing commissions and legal costs at December 31, 2020 and 2019, respectively. Amortization expense for in-place lease values, leasing commissions and legal costs was $9,412, $13,821 and $13,635 for the years ended December 31, 2020, 2019 and 2018, 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,
2021	$	8,997
2022	8,096
2023	6,884
2024	5,848
2025	5,005
Thereafter	13,315
	$	48,145

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:

	2020		2019
Above-Market Leases
Original allocated value	$	80,120	$	59,916
Less accumulated amortization	(33,271)		(35,737)
	$	46,849	$	24,179
Below-Market Leases(1)
Original allocated value	$	114,790	$	90,790
Less accumulated amortization	(43,656)		(53,727)
	$	71,134	$	37,063

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(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
2021	$	8,463	$	10,781
2022	7,851		9,933
2023	7,380		9,241
2024	6,735		9,126
2025	5,404		7,654
Thereafter	11,016		24,399
	$	46,849	$	71,134