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Investment in Joint Venture (Tables)
 9 Months Ended
Sep. 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 nine months ended September 30, 2015 and 2014 are presented below (in thousands):
 
For the three months ended September 30,
 
For the nine months ended September 30,
 
2015
 
2014
 
2015
 
2014
Revenues
$
47,950

 
$
47,726

 
$
126,509

 
$
131,699

Total expenses
43,546

 
41,771

 
127,396

 
126,107

Net income (loss)
$
4,404

 
$
5,955

 
$
(887
)

$
5,592

Company’s 49% interest of net income (loss)
2,158

 
2,918

 
(435
)
 
2,740

Basis adjustment
139

 
(70
)
 
419

 
(57
)
Special loan interest income elimination
602

 
602

 
1,787

 
1,787

Equity in earnings (loss) in joint venture
$
2,899

 
$
3,450

 
$
1,771

 
$
4,470