XML 34 R17.htm IDEA: XBRL DOCUMENT

Deferred Charges and Other Assets, net

3 Months Ended

Mar. 31, 2024

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

Deferred Charges and Other Assets, net:

Deferred charges and other assets, net consist of the following:


	March 31, 2024		December 31, 2023
Leasing	$	89,043	$	89,175
Intangible assets:
In-place lease values	59,125		59,478
Leasing commissions and legal costs	16,260		16,364
Above-market leases	61,974		66,002
Deferred tax assets	25,248		24,024
Deferred compensation plan assets	67,074		62,755
Other assets	58,869		73,576
	377,593		391,374
Less accumulated amortization(1)	(128,010)		(128,306)
	$	249,583	$	263,068

(1) Accumulated amortization includes $40,856 and $39,540 relating to in-place lease values, leasing commissions and legal costs at March 31, 2024 and December 31, 2023, respectively. Amortization expense of in-place lease values, leasing commissions and legal costs was $1,776 and $1,909 for the three months ended March 31, 2024 and 2023, respectively.

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


	March 31, 2024		December 31, 2023
Above-Market Leases
Original allocated value	$	61,974	$	66,002
Less accumulated amortization	(35,046)		(36,926)
	$	26,928	$	29,076
Below-Market Leases(1)
Original allocated value	$	84,430	$	85,174
Less accumulated amortization	(38,955)		(37,490)
	$	45,475	$	47,684

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