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Investment in Joint Venture (Tables)
 6 Months Ended
Jun. 30, 2012
Equity Method Investments and Joint Ventures [Abstract]  
Summarized results of operations of investment in the Manhattan Collection joint venture
The summarized results of operations of the Company’s investment in the Manhattan Collection joint venture for the three and six months ended June 30, 2012 are presented below (in thousands):
 
 
For the three months ended June 30, 2012
 
For the six months ended June 30, 2012
Revenues
$
46,230

 
$
78,430

Total expenses
39,004

 
77,600

Net income (loss)
$
7,226

 
$
830

Company’s 49% interest of net income (loss)
3,541

 
407

Basis adjustment
(461
)
 
(923
)
 
 
 
 
Equity in earnings (loss) in joint venture
$
3,080

 
$
(516
)