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Investment in Joint Venture (Tables)
 6 Months Ended
Jun. 30, 2015
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, 2015 and 2014 are presented below (in thousands):
 
For the three months ended June 30,
 
For the six months ended June 30,
 
2015
 
2014
 
2015
 
2014
Revenues
$
47,538

 
$
50,045

 
$
78,559

 
$
83,973

Total expenses
42,347

 
42,571

 
83,850

 
84,335

Net income (loss)
$
5,191

 
$
7,474

 
$
(5,291
)

$
(362
)
Company’s 49% interest of net income (loss)
2,543

 
3,662

 
(2,593
)
 
(177
)
Basis adjustment
181

 
6

 
280

 
13

Special loan interest income elimination
596

 
596

 
1,185

 
1,184

Equity in earnings (loss) in joint venture
$
3,320

 
$
4,264

 
$
(1,128
)
 
$
1,020