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Investment in Joint Venture (Tables)
 6 Months Ended
Jun. 30, 2013
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, 2013 and 2012 are presented below (in thousands):
 
For the three months ended June 30,
 
For the six months ended June 30,
 
2013
 
2012
 
2013
 
2012
Revenues
$
45,345

 
$
46,230

 
$
78,569

 
$
78,430

Total expenses
40,170

 
39,004

 
79,392

 
77,600

Net income (loss)
$
5,175

 
$
7,226

 
$
(823
)

$
830

Company’s 49% interest of net income (loss)
2,536

 
3,541

 
(403
)
 
407

Basis adjustment
(17
)
 
(461
)
 
(574
)
 
(923
)
Special loan interest income elimination
596

 
—

 
1,185

 
—

Equity in earnings (loss) in joint venture
$
3,115

 
$
3,080

 
$
208

 
$
(516
)