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Equity-Method Investments | 12 Months Ended
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Dec. 31, 2017
Equity Method Investments and Joint Ventures [Abstract] |
Equity-Method Investments | Equity-Method Investments In October 2014, we acquired a 99.9% membership interest in a limited liability company managed by U.S. Bancorp Community Development Corporation with an initial equity contribution of $4.1 million. We made additional equity contributions to the entity of $22.9 million in 2015 and $22.8 million in 2016. We were obligated to make $49.8 million of total contributions to the entity over a two-year period ended October 2016, all of which had been made as of December 31, 2016. This investment generated new markets tax credits under the New Markets Tax Credit Program (“NMTC Program”). The NMTC Program was established by Congress in 2000 to spur new or increased investments into operating businesses and real estate projects located in low-income communities. While U.S. Bancorp Community Development Corporation exercised management control over the limited liability company, due to the economic interest we held in the entity, we determined our ownership portion of the entity was appropriately accounted for using the equity method. As of December 31, 2017 and 2016 no amounts related to this equity-method investment were recorded in our Consolidated Balance Sheets. The following amounts related to this equity-method investment were recorded in our Consolidated Statements of Operations (in thousands):
Year Ended December 31, |  | 2017 |  | 2016 |  | 2015
Asset impairments to write investment down to fair value |  | $ | — |  |  | $ | 13,992 |  |  | $ | 16,521 |
Our portion of the partnership’s operating losses |  | — |  |  | 8,262 |  |  | 6,929 |
Non-cash interest expense related to the amortization of the discounted fair value of future equity contributions |  | — |  |  | 185 |  |  | 674 |
Tax benefits and credits generated |  | — |  |  | 28,530 |  |  | 30,831 |

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
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