Quarterly report pursuant to Section 13 or 15(d)

Prepaid Expenses and Other Assets, Net

v3.5.0.2
Prepaid Expenses and Other Assets, Net
 6 Months Ended
Jun. 30, 2016
Prepaid Expense and Other Assets [Abstract]  
Prepaid Expenses and Other Assets, Net
Prepaid Expenses and Other Assets, Net
 
Prepaid expenses and other assets consisted of the following (in thousands):
 
 
June 30,
2016
 
December 31,
2015
Prepaid expenses
$
10,301

 
$
23,009

Lease incentives, net
7,873

 
11,133

Furniture, fixtures and equipment, net
5,686

 
6,004

Construction contract costs incurred in excess of billings
5,281

 
3,261

Deferred financing costs, net (1)
4,497

 
5,867

Deferred tax asset, net (2)
3,589

 
3,467

Other assets
6,132

 
7,283

Prepaid expenses and other assets, net
$
43,359

 
$
60,024



(1) Represents deferred costs, net of accumulated amortization, attributable to our Revolving Credit Facility and interest rate derivatives.
(2) Includes a valuation allowance of $2.1 million.