XML 49 R23.htm IDEA: XBRL DOCUMENT v2.4.0.8
Investment in Joint Venture (Tables)
 6 Months Ended
Jun. 30, 2014
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, 2014 and 2013 are presented below (in thousands):
 
For the three months ended June 30,
 
For the six months ended June 30,
 
2014
 
2013
 
2014
 
2013
Revenues
$
50,045

 
$
45,345

 
$
83,973

 
$
78,569

Total expenses
42,571

 
40,170

 
84,336

 
79,392

Net income (loss)
$
7,474

 
$
5,175

 
$
(363
)

$
(823
)
Company’s 49% interest of net income (loss)
3,662

 
2,536

 
(178
)
 
(403
)
Basis adjustment
6

 
(17
)
 
13

 
(574
)
Special loan interest income elimination
596

 
596

 
1,185

 
1,185

Equity in earnings (loss) in joint venture
$
4,264

 
$
3,115

 
$
1,020

 
$
208