Annual report pursuant to Section 13 and 15(d)

Intangible Assets

v3.20.1
Intangible Assets
12 Months Ended
Dec. 31, 2019
Intangible Assets [Abstract]  
Intangible Assets 9. Intangible Assets

Intangible assets and related amortization expense were as follows (in thousands):

As of December 31,

Class

2019

2018

Intangible assets:

Management agreements

$

61,708

$

61,708

Lease premium (1)

2,057

61,708

63,765

Accumulated amortization (1)

(193)

(1,920)

Total intangible assets

$

61,515

$

61,845

(1)Effective with our adoption of ASC 842 “Leases” on January 1, 2019, the lease premium reduced the operating lease assets on the consolidated balance sheet.

Year

Future
Amortization
Expense

2020

  

$

83

2021

  

83

2022

  

56

  

$

222