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Deferred Charges and Other Assets, net
 3 Months Ended
Mar. 31, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Deferred Charges and Other Assets, net
Deferred Charges and Other Assets, net:
Deferred charges and other assets, net consist of the following:
 
March 31,
2017
 
December 31,
2016
Leasing
$
219,695

 
$
239,983

Intangible assets:
 
 
 
In-place lease values
119,055

 
140,437

Leasing commissions and legal costs
28,985

 
32,384

Above-market leases
168,674

 
181,851

Deferred tax assets
48,270

 
38,301

Deferred compensation plan assets
43,218

 
42,711

Other assets
59,580

 
72,206

 
687,477

 
747,873

Less accumulated amortization(1)
(227,653
)
 
(269,815
)
 
$
459,824

 
$
478,058

 
 
 
(1)
Accumulated amortization includes $73,493 and $88,785 relating to in-place lease values, leasing commissions and legal costs at March 31, 2017 and December 31, 2016, respectively. Amortization expense of in-place lease values, leasing commissions and legal costs was $6,004 and $8,847 for the three months ended March 31, 2017 and 2016, respectively.
The allocated values of above-market leases and below-market leases consist of the following:
 
March 31,
2017
 
December 31,
2016
Above-Market Leases
 
 
 
Original allocated value
$
168,674

 
$
181,851

Less accumulated amortization
(49,389
)
 
(57,505
)
 
$
119,285

 
$
124,346

Below-Market Leases(1)
 
 
 
Original allocated value
$
137,165

 
$
144,713

Less accumulated amortization
(56,850
)
 
(58,400
)
 
$
80,315

 
$
86,313

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