XML 64 R46.htm IDEA: XBRL DOCUMENT v3.3.1.900
Mortgage Loan (Details)
$ in Thousands
1 Months Ended 3 Months Ended 12 Months Ended
Sep. 01, 2015
USD ($)
ft²
Jul. 29, 2015
USD ($)
ft²
building
Dec. 31, 2014
USD ($)
ft²
subsidiary
Jun. 06, 2014
USD ($)
ft²
Aug. 28, 2013
USD ($)
ft²
Apr. 01, 2013
USD ($)
Dec. 31, 2015
USD ($)
agreement
Nov. 30, 2015
USD ($)
ft²
item
Nov. 30, 2015
USD ($)
ft²
loan
item
Nov. 30, 2014
USD ($)
Nov. 30, 2013
USD ($)
Nov. 04, 2015
ft²
Jun. 05, 2014
USD ($)
Long-Term Debt                          
Nonrecourse mortgage loans               $ 90,436 $ 90,436 $ 70,168      
Debt disclosures                          
Ineffectiveness on cash flow hedges                 0        
Anticipated ineffectiveness on cash flow hedges                 0        
Net fair values of interest rate swap agreements included in other noncurrent assets and liabilities                   2,322      
Net fair values of interest rate swap agreements included in other assets                   8      
Net fair values of interest rate swap agreements included in other liabilities               2,766 2,766 2,330      
Loss on debt extinguishment                   (51) $ (286)    
Mortgage proceeds held in escrow               $ 1,600 $ 1,600 1,000      
Interest rate swap agreement                          
Debt disclosures                          
Number of agreements containing credit risk related contingent features | item               0 0        
Recognized net losses (included in other comprehensive loss), before taxes, on interest rate swap agreements                 $ (444) (100) $ 969    
Loss expected to be reclassified over next twelve months from accumulated other comprehensive loss to interest expense               $ (1,186) (1,186)        
Nonrecourse mortgages                          
Long-Term Debt                          
Nonrecourse mortgage loans               90,436 90,436 70,168      
Annual principal payment requirements under the terms of the nonrecourse mortgage loans                          
2016               2,544 2,544        
2017               8,517 8,517        
2018               2,611 2,611        
2019               18,648 18,648        
2020               5,296 5,296        
Debt disclosures                          
Aggregate book value of land and buildings pledged as collateral               $ 109,208 $ 109,208        
Nonrecourse mortgages: 5.73%, due August 1, 2015                          
Long-Term Debt                          
Interest rate (as a percent)   5.73%           5.73% 5.73%        
Nonrecourse mortgage loans                   18,189      
Debt disclosures                          
Debt amount refinanced   $ 17,891                      
Number of collateralized industrial buildings | building   3                      
Nonrecourse mortgages: 5.73%, due August 1, 2015 | New England Tradeport Industrial Park                          
Debt disclosures                          
Area of collateralized properties (in square feet) | ft²   392,000                      
Nonrecourse variable rate loans, due October 2, 2017                          
Long-Term Debt                          
Nonrecourse mortgage loans               $ 6,217 $ 6,217 6,394      
Nonrecourse variable rate loans, due February 1, 2019                          
Long-Term Debt                          
Nonrecourse mortgage loans               10,610 10,610 10,888      
Nonrecourse variable rate loans, due August 1, 2019                          
Long-Term Debt                          
Nonrecourse mortgage loans               7,501 7,501 7,691      
Nonrecourse variable rate loans, due January 27, 2020                          
Long-Term Debt                          
Nonrecourse mortgage loans               3,729 3,729 3,848      
Debt disclosures                          
Fixed interest rate pursuant to interest rate swap agreement (as a percent)           3.91%              
Amount paid for the loan modification           $ 70              
Minimum percentage of difference required between the present values of the future payments under the existing loan and the modified loan           10.00%              
Nonrecourse variable rate loans, due September 1, 2023                          
Long-Term Debt                          
Nonrecourse mortgage loans                   8,875      
Nonrecourse variable rate loans, due January 2, 2025                          
Long-Term Debt                          
Nonrecourse mortgage loans               19,385 19,385        
Nonrecourse variable rate mortgage, due September 1, 2025                          
Long-Term Debt                          
Nonrecourse mortgage loans $ 14,100             $ 11,457 $ 11,457        
Debt disclosures                          
Proceeds from issuance of debt 11,500                        
Amount held back from net proceeds $ 2,600                        
Term of debt 10 years                        
Amortization period of debt 25 years                        
Variable interest rate margin (as a percent) 1.65%                        
Effective rate after interest rate swap agreements             3.75%            
Additional funding from the borrowing             $ 2,600            
Nonrecourse variable rate mortgage, due September 1, 2025 | Lehigh Valley Of Pennsylvania Industrial Building                          
Debt disclosures                          
Area of collateralized properties (in square feet) | ft² 280,000                        
Nonrecourse variable rate mortgage, due September 1, 2025 | 5220 Jaindl Boulevard                          
Debt disclosures                          
Currently Leased space at the time of borrowing | ft²                       196,000  
Nonrecourse variable rate mortgage, due September 1, 2025 | Interest rate swap agreement                          
Debt disclosures                          
Fixed interest rate pursuant to interest rate swap agreement (as a percent) 3.77%           3.67%            
Notional principal amount of interest rate swap agreement             $ 2,600            
Nonrecourse variable rate mortgage, due September 1, 2025 | Interest rate swap agreement | Cash flow hedges                          
Debt disclosures                          
Notional principal amount of interest rate swap agreement $ 11,500                        
5.09%, due July 1, 2029 GCD mortgage loan                          
Long-Term Debt                          
Interest rate (as a percent)               5.09% 5.09%        
Nonrecourse mortgage loans               $ 7,385 $ 7,385 7,750      
5.09%, due July 1, 2029 TD mortgage Loan                          
Long-Term Debt                          
Interest rate (as a percent)               5.09% 5.09%        
Nonrecourse mortgage loans               $ 6,226 $ 6,226 $ 6,533      
4.33%, due August 1, 2030 mortgage loan                          
Long-Term Debt                          
Interest rate (as a percent)   4.33%                      
Nonrecourse mortgage loans   $ 18,000           17,926 $ 17,926        
Debt disclosures                          
Proceeds from issuance of debt   $ 14,875                      
Term of debt   15 years                      
Amortization period of debt   30 years                      
Number of collateralized industrial buildings | building   3                      
Mortgage proceeds deposited into an escrow account   $ 3,125                      
Additional funding from the borrowing               2,500          
4.33%, due August 1, 2030 mortgage loan | New England Tradeport Industrial Park                          
Debt disclosures                          
Additional funding from the borrowing               $ 25          
4.33%, due August 1, 2030 mortgage loan | New England Tradeport Industrial Park | Location 1                          
Debt disclosures                          
Threshold of leased space to release escrow deposits (in square feet) | ft²               88,000 88,000        
4.33%, due August 1, 2030 mortgage loan | New England Tradeport Industrial Park | Location 2                          
Debt disclosures                          
Mortgage proceeds deposited into an escrow account   $ 600                      
Nonrecourse mortgages: 5.25%, due January 27, 2020                          
Debt disclosures                          
Variable interest rate margin (as a percent)           5.25%              
Deferred costs related to the existing loan with First Niagara Bank           $ 216              
5.09%, due July 1, 2029 GCD Mortgage Loan and 5.09%, due July 1, 2029 TD Mortgage Loan                          
Debt disclosures                          
Number of years before any prepayments can be made                 7 years        
8.13% mortgage due April 1, 2016 and 7.0% mortgage due October 2, 2017                          
Debt disclosures                          
Number of mortgages refinanced with Farm Bureau | loan                 2        
Loss on debt extinguishment                 $ 51        
2023 First Niagara Mortgage                          
Debt disclosures                          
Debt amount refinanced     $ 8,859                    
Term of debt         10 years                
Amortization period of debt         25 years                
Borrowings by subsidiary         $ 9,100                
2023 First Niagara Mortgage | Lower Nazareth, Pennsylvania                          
Debt disclosures                          
Area of collateralized properties (in square feet) | ft²         4,275                
Lease term         5 years                
2023 First Niagara Mortgage | Lower Nazareth, Pennsylvania | Location 1                          
Debt disclosures                          
Area of collateralized properties (in square feet) | ft²     228,000                    
2023 First Niagara Mortgage | Interest rate swap agreement                          
Debt disclosures                          
Fixed interest rate pursuant to interest rate swap agreement (as a percent)         4.79%                
Notional principal amount of interest rate swap agreement         $ 9,100                
2025 First Niagara Mortgage                          
Debt disclosures                          
Number of subsidiaries which are refinancing nonrecourse mortgage loan | subsidiary     2                    
Amount held back from net proceeds     $ 1,850                    
Term of debt     10 years                    
Variable interest rate margin (as a percent)     1.95%                    
Effective rate after interest rate swap agreements     4.43%       4.39%            
Maximum borrowing     $ 21,600                    
Net proceeds     $ 10,891                    
Additional funding from the borrowing             $ 1,850            
Number of interest rate swap derivatives | agreement             3            
2025 First Niagara Mortgage | Lower Nazareth, Pennsylvania | Location 2                          
Debt disclosures                          
Area of collateralized properties (in square feet) | ft²     303,000                    
Space to be leased to secure the additional borrowing (in square feet) | ft²     102,000                    
2025 First Niagara Mortgage | Interest rate swap agreement                          
Debt disclosures                          
Fixed interest rate pursuant to interest rate swap agreement (as a percent)             3.88%            
Notional principal amount of interest rate swap agreement             $ 1,850            
Griffin Center Development LLC | 5.09%, due July 1, 2029 GCD mortgage loan                          
Long-Term Debt                          
Interest rate (as a percent)       5.09%                  
Nonrecourse mortgage loans       $ 7,868                  
Debt disclosures                          
Term of debt       15 years                  
Amortization period of debt       15 years                  
Griffin Center Development LLC | Nonrecourse mortgages: 8.13%, due April 1, 2016                          
Long-Term Debt                          
Interest rate (as a percent)                         8.13%
Nonrecourse mortgage loans                         $ 3,391
Griffin Center Development LLC | Nonrecourse mortgages: 8.13%, due April 1, 2016 | Windsor Connecticut Flex Building                          
Debt disclosures                          
Area of collateralized properties (in square feet) | ft²       165,000                  
Tradeport Development LLC | Nonrecourse variable rate loans, due October 2, 2017                          
Long-Term Debt                          
Interest rate (as a percent)       5.09%                  
Nonrecourse mortgage loans       $ 6,632                  
Debt disclosures                          
Term of debt       15 years                  
Amortization period of debt       15 years                  
Mortgage proceeds held in escrow       $ 1,000                  
Tradeport Development LLC | Nonrecourse mortgages: 7.0%, due October 1, 2017                          
Long-Term Debt                          
Interest rate (as a percent)                         7.00%
Nonrecourse mortgage loans                         $ 5,632
Tradeport Development LLC | Nonrecourse mortgages: 7.0%, due October 1, 2017 | Windsor Connecticut Industrial Building | Location 1                          
Debt disclosures                          
Area of collateralized properties (in square feet) | ft²       100,000                  
Tradeport Development LLC | Nonrecourse mortgages: 7.0%, due October 1, 2017 | Windsor Connecticut Industrial Building | Location 2                          
Debt disclosures                          
Area of collateralized properties (in square feet) | ft²       57,000                  
LIBOR | Nonrecourse variable rate loans, due January 27, 2020                          
Debt disclosures                          
Variable interest rate margin (as a percent)           2.50%              
LIBOR | 2023 First Niagara Mortgage                          
Debt disclosures                          
Variable interest rate margin (as a percent)         1.95%