Intangible Assets Other Than Goodwill (Tables)
6 Months Ended
Jun. 30, 2018
INTANGIBLE ASSETS OTHER THAN GOODWILL [Abstract]  
Schedule of intangible assets

 

 

 

 

 

 

 

 

 

Intangible assets

  

June 30,

2018

 

  

December 31,

2017

 

Acquisition cost (*)

  

$

190,212

 

  

$

200,610

 

Accumulated amortization

  

 

(76,522)

 

  

 

(73,790

) 

Write offs

  

 

  

 

  

 

(10,398

) 

Total Intangible assets net book value

  

$

113,690

 

  

$

116,422

 

 

  

 

 

 

  

 

 

 

 (*)

As of both June 30, 2018 and December 31, 2017, intangible assets associated with the favorable lease terms included an amount of $1,150 related to purchase options for the vessels.

 

Schedule of aggregate amortization expense

 

 

 

 

 

Period

  

 

 

Year One

  

$

5,581

 

Year Two

  

 

5,588

 

Year Three

  

 

5,581

 

Year Four

  

 

5,581

 

Year Five

  

 

5,581

 

Thereafter

  

 

84,628

 

Total

  

$

112,540