XML 49 R15.htm IDEA: XBRL DOCUMENT

Indebtedness

9 Months Ended

Sep. 30, 2014

7.	Indebtedness

The net carrying value and the estimated fair values of mortgages and other notes payable was approximately $56.5 million and $57.0 million as of September 30, 2014, respectively, based on rates and spreads the Company would expect to obtain for similar borrowings with similar loan terms. Because this methodology includes inputs that are less observable by the public and are not necessarily reflected in active markets, the measurement of the estimated fair values related to the Company’s mortgage notes payable is categorized as Level 3 on the three-level valuation hierarchy. See Note 5 “Assets and Liabilities Held for Sale” for further information on mortgages and other notes payable held for sale.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References+ Details