XML 32 R18.htm IDEA: XBRL DOCUMENT v3.22.4
Deferred Charges and Other Assets, net
12 Months Ended
Dec. 31, 2022
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 at December 31, 2022 and 2021 consist of the following:
20222021
Leasing$113,400 $134,887 
Intangible assets:  
In-place lease values(1)63,961 62,826 
Leasing commissions and legal costs(1)17,299 16,710 
   Above-market leases71,304 72,289 
Deferred tax assets23,114 23,406 
Deferred compensation plan assets54,353 68,807 
Other assets66,188 46,319 
409,619 425,244 
Less accumulated amortization(2)(162,195)(170,336)
$247,424 $254,908 
_______________________________

(1)The amortization of these intangible assets for the next five years and thereafter is as follows:
Year Ending December 31, 
2023$6,781 
20245,003 
20254,270 
20264,151 
20273,629 
Thereafter13,064 
$36,898 

(2)Accumulated amortization includes $44,362 and $43,978 relating to in-place lease values, leasing commissions and legal costs at December 31, 2022 and 2021, respectively. Amortization expense for in-place lease values, leasing commissions and legal costs was $6,734, $11,233 and $9,412 for the years ended December 31, 2022, 2021 and 2020, respectively.
The allocated values of above-market leases and below-market leases consist of the following:
20222021
Above-Market Leases  
Original allocated value$71,304 $72,289 
Less accumulated amortization(35,156)(32,484)
$36,148 $39,805 
Below-Market Leases(1)  
Original allocated value$97,026 $99,332 
Less accumulated amortization(40,797)(37,122)
$56,229 $62,210 
_______________________________

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

The allocated values of above and below-market leases will be amortized into minimum rents on a straight-line basis over the individual remaining lease terms. The amortization of these values for the next five years and thereafter is as follows:
Year Ending December 31,Above
Market
Below
Market
2023$6,054 $7,863 
20245,543 7,746 
20254,155 6,183 
20263,963 4,856 
20273,254 4,542 
Thereafter13,179 25,039 
$36,148 $56,229