XML 27 R25.htm IDEA: XBRL DOCUMENT v2.4.0.8
Investment in Joint Venture (Tables)
 12 Months Ended
Dec. 31, 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 years ended December 31, 2013, 2012 and 2011 are presented below (in thousands):
 
For the year ended December 31,
 
2013
 
2012
 
2011
Revenues
$
172,968

 
$
174,718

 
$
82,124

Total expenses
161,145

 
158,394

 
75,992

Net income (loss)
$
11,823


$
16,324

 
$
6,132

Company’s 49% interest of net income (loss)
5,793

 
7,999

 
3,005

Basis adjustment
(559
)
 
(2,062
)
 
(669
)
Special loan interest income elimination
2,389

 
33

 
—

Equity in earnings (loss) in joint venture
$
7,623

 
$
5,970

 
$
2,336