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Goodwill, Deferred Leasing Costs and Other Intangibles (Tables)
 3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table presents changes in goodwill by reportable segment.
Three Months Ended March 31,
20232022
(In thousands)
Investment Management (1)
OperatingTotal
Investment Management (1)
OperatingTotal
Beginning balance$298,248 $463,120 $761,368 $298,248 $463,120 $761,368 
Business combination (Note 3)
146,569 — 146,569 — — — 
Ending balance$444,817 $463,120 $907,937 $298,248 $463,120 $761,368 
__________
(1)    Remaining goodwill deductible for income tax purposes was $119.7 million at March 31, 2023 and $122.4 million at December 31, 2022.
Schedule of Deferred Leasing Costs and Other Intangibles
Deferred leasing costs and identifiable intangible assets and liabilities are as follows.
March 31, 2023December 31, 2022
(In thousands)
Carrying Amount (1)(2)
Accumulated Amortization(1)(2)
Net Carrying Amount(1)
Carrying Amount (1)
Accumulated Amortization(1)
Net Carrying Amount(1)
Deferred Leasing Costs and Intangible Assets
Investment management intangibles (3)
$208,917 $(83,228)$125,689 $164,189 $(82,432)$81,757 
Deferred leasing costs and lease-related intangible assets (4)
1,242,281 (432,532)809,749 1,239,477 (397,975)841,502 
Customer relationships and service contracts (5)
218,154 (67,037)151,117 218,154 (62,788)155,366 
Trade names24,100 (14,454)9,646 26,400 (15,656)10,744 
Other (6)
6,818 (4,499)2,319 6,818 (4,020)2,798 
Total deferred leasing costs and intangible assets$1,700,270 $(601,750)$1,098,520 $1,655,038 $(562,871)$1,092,167 
Intangible Liabilities
Lease intangible liabilities (4)
$46,636 $(18,195)$28,441 $46,636 $(16,812)$29,824 
__________
(1)    Amounts are presented net of impairments and write-offs, if any.
(2)    Current period amounts exclude intangible assets and liabilities that were fully amortized in the preceding year.
(3)    Composed of investment management contracts and investor relationships.
(4)    Lease intangible assets are composed of in-place leases, above-market leases and tenant relationships. Lease-intangible liabilities are composed of below-market leases.
(5)    In connection with data center services provided in the colocation data center business.
(6)    Represents primarily the value of an acquired domain name and assembled workforce in an asset acquisition.
Schedule of Amortization of Intangible Assets and Liabilities
The following table summarizes amortization of deferred leasing costs and finite-lived intangible assets and intangible liabilities:
Three Months Ended March 31,
(In thousands)20232022
Net increase (decrease) to rental income (1)
$209 $(131)
Amortization expense
Investment management intangibles$6,090 $5,055 
Deferred leasing costs and lease-related intangibles32,843 33,707 
Customer relationships and service contracts4,249 4,914 
Trade name1,098 1,098 
Other480 477 
$44,760 $45,251 
__________
(1)    Represents the net effect of amortizing above- and below-market leases.
Schedule of Estimated Annual Amortization Expense
The following table presents the future amortization of deferred leasing costs and finite-lived intangible assets and intangible liabilities, excluding those related to assets and liabilities held for disposition.
Year Ending December 31,
(In thousands)Remaining 202320242025202620272028 and thereafterTotal
Net increase (decrease) to rental income$(869)$(1,838)$(1,740)$(1,691)$(1,016)$1,267 $(5,887)
Amortization expense123,110 137,433 120,610 107,698 95,914 479,427 1,064,192