XML 65 R12.htm IDEA: XBRL DOCUMENT
v3.2.0.727

Other Assets | 6 Months Ended
--- | ---
Jun. 30, 2015
Other Assets [Abstract] |
Other Assets |
5. | Other Assets
Other assets consist of the following (in thousands):
| June 30, 2015 |  |  | December 31, 2014 |
Intangible assets: |  |  |  |  |  |  |
In-place leases, net | $ | 148,104 |  |  | $ | 160,351 |
Above-market leases, net |  | 51,696 |  |  |  | 57,199 |
Tenant relations, net |  | 153,369 |  |  |  | 171,666 |
Total intangible assets, net(A) |  | 353,169 |  |  |  | 389,216 |
Other assets: |  |  |  |  |  |  |
Prepaid expenses |  | 18,753 |  |  |  | 14,456 |
Other assets(B) |  | 21,143 |  |  |  | 39,746 |
Deposits |  | 8,854 |  |  |  | 8,024 |
Total other assets, net | $ | 401,919 |  |  | $ | 451,442 |
(A) | The Company recorded amortization expense related to its intangibles, excluding above- and below- market leases, of $23.0 million and $24.8 million for the three months ended June 30, 2015 and 2014, respectively, and $48.6 million and $53.8 million for the six months ended June 30, 2015 and 2014, respectively.
(B) | See discussion of deferred tax asset in Note 1. During the first quarter of 2015, in accordance with amended legislation of the Puerto Rico Internal Revenue Code, the Company elected and paid an additional $20.2 million as part of an overall tax restructuring.

X
- References No definition available. + Details
Name: | us-gaap_OtherAssetsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
Name: | us-gaap_OtherAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration