XML 106 R66.htm IDEA: XBRL DOCUMENT v2.4.1.9
Notes Payable and Long-Term Debt (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Notes payable and long-term debt    
Total debt 706.0us-gaap_DebtInstrumentCarryingAmount $ 710.7us-gaap_DebtInstrumentCarryingAmount
Less debt (premium) discount (0.4)us-gaap_DebtInstrumentUnamortizedDiscountPremiumNet (1.8)us-gaap_DebtInstrumentUnamortizedDiscountPremiumNet
Total debt (contractual) 705.6us-gaap_LongTermDebt 708.9us-gaap_LongTermDebt
Less current portion (74.5)us-gaap_LongTermDebtCurrent (105.2)us-gaap_LongTermDebtCurrent
Add debt premium (discount) 0.4us-gaap_DebtInstrumentUnamortizedDiscountPremiumNet 1.8us-gaap_DebtInstrumentUnamortizedDiscountPremiumNet
Long-term debt 631.5us-gaap_LongTermDebtNoncurrent 605.5us-gaap_LongTermDebtNoncurrent
Revolving Credit loans, (2.37% for 2014 and 2.53% for 2013)    
Notes payable and long-term debt    
Total debt 169.8us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= us-gaap_LineOfCreditMember
112.1us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= us-gaap_LineOfCreditMember
Loan interest rate (in percent) 2.37%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= us-gaap_LineOfCreditMember
2.53%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= us-gaap_LineOfCreditMember
6.90%, payable through 2020    
Notes payable and long-term debt    
Total debt 80.0us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan690Member
85.0us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan690Member
Loan interest rate (in percent) 6.90%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan690Member
6.90%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan690Member
5.55%, payable through 2026    
Notes payable and long-term debt    
Total debt 50.0us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan555Member
50.0us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan555Member
Loan interest rate (in percent) 5.55%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan555Member
5.55%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan555Member
5.53%, payable through 2024    
Notes payable and long-term debt    
Total debt 37.5us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan553Member
37.5us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan553Member
Loan interest rate (in percent) 5.53%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan553Member
5.53%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan553Member
5.56%, payable through 2026    
Notes payable and long-term debt    
Total debt 25.0us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan556Member
25.0us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan556Member
Loan interest rate (in percent) 5.56%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan556Member
5.56%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan556Member
3.90%, payable through 2024    
Notes payable and long-term debt    
Total debt 75.0us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan3.90Member
75.0us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan3.90Member
Loan interest rate (in percent) 3.90%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan3.90Member
3.90%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan3.90Member
4.35%, payable through 2026    
Notes payable and long-term debt    
Total debt 25.0us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan4.35Member
25.0us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan4.35Member
Loan interest rate (in percent) 4.35%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan4.35Member
4.35%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan4.35Member
4.15%, payable through 2024, secured by Pearl Highlands Center    
Notes payable and long-term debt    
Total debt 93.6us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan4.15Member
[1] 61.8us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan4.15Member
[1]
Loan interest rate (in percent) 4.15%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan4.15Member
4.15%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan4.15Member
2.08%, payable through 2021, secured by Kailua Town Center III    
Notes payable and long-term debt    
Total debt 11.2us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan2.08MemberMember
[2] 11.3us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan2.08MemberMember
[2]
Fixed rate on derivative (in percent) 5.95%us-gaap_DerivativeFixedInterestRate
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan2.08MemberMember
 
Loan interest rate (in percent) 2.08%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan2.08MemberMember
2.08%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan2.08MemberMember
2.82%, payable through 2016, secured by The Shops at Kukui'ula    
Notes payable and long-term debt    
Total debt 40.5us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan2.82Member
[3] 44.0us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan2.82Member
[3]
Loan interest rate (in percent) 2.82%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan2.82Member
2.82%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan2.82Member
2.78%, payable through 2016, secured by Kahala Estate Properties    
Notes payable and long-term debt    
Total debt 35.2us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan2.78Member
[4] 42.0us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan2.78Member
[4]
Loan interest rate (in percent) 2.78%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan2.78Member
2.78%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan2.78Member
5.39%, payable through 2015, secured by Waianae Mall    
Notes payable and long-term debt    
Total debt 19.1us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan5.39Member
19.9us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan5.39Member
Loan interest rate (in percent) 5.39%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan5.39Member
5.39%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan5.39Member
5.19%, payable through 2019    
Notes payable and long-term debt    
Total debt 10.2us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan5.19Member
11.9us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan5.19Member
Loan interest rate (in percent) 5.19%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan5.19Member
5.19%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan5.19Member
6.38%, payable through 2017, secured by Midstate Hayes    
Notes payable and long-term debt    
Total debt 8.3us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan638Member
8.3us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan638Member
Loan interest rate (in percent) 6.38%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan638Member
6.38%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan638Member
1.17%, payable through 2021, secured by asphalt plant    
Notes payable and long-term debt    
Total debt 8.0us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan1.17Member
[5] 8.9us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan1.17Member
[5]
Fixed rate on derivative (in percent) 5.98%us-gaap_DerivativeFixedInterestRate
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan1.17Member
 
Loan interest rate (in percent) 1.17%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan1.17Member
1.17%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan1.17Member
1.85%, payable through 2017    
Notes payable and long-term debt    
Total debt 7.9us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan1.85Member
10.7us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan1.85Member
Loan interest rate (in percent) 1.85%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan1.85Member
1.85%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan1.85Member
3.31%, payable through 2018    
Notes payable and long-term debt    
Total debt 6.3us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan3.31Member
8.0us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan3.31Member
Loan interest rate (in percent) 3.31%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan3.31Member
3.31%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan3.31Member
2.00%, payable through 2018    
Notes payable and long-term debt    
Total debt 2.2us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan2.00Member
2.9us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan2.00Member
Loan interest rate (in percent) 2.00%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan2.00Member
2.00%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan2.00Member
2.65%, payable through 2016    
Notes payable and long-term debt    
Total debt 1.2us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan2.65Member
1.8us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan2.65Member
Loan interest rate (in percent) 2.65%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan2.65Member
2.65%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan2.65Member
5.50%, payable through 2014, secured by Little Cottonwood Center    
Notes payable and long-term debt    
Total debt 0us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan550Member
6.1us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan550Member
Loan interest rate (in percent) 5.50%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan550Member
5.50%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan550Member
5.88%, payable through 2014, secured by Midstate 99 Distribution Ctr.    
Notes payable and long-term debt    
Total debt 0us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan588Member
3.2us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan588Member
Loan interest rate (in percent) 5.88%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan588Member
5.88%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan588Member
3.05%, payable through 2014, secured by Maui Mall    
Notes payable and long-term debt    
Total debt 0us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan3.05Member
[6] 60.0us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan3.05Member
[6]
Loan interest rate (in percent) 3.05%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan3.05Member
3.05%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan3.05Member
5.00%, payable through 2014    
Notes payable and long-term debt    
Total debt 0us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan5.00Member
$ 0.3us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan5.00Member
Loan interest rate (in percent) 5.00%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan5.00Member
5.00%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan5.00Member
LIBOR | 2.08%, payable through 2021, secured by Kailua Town Center III    
Notes payable and long-term debt    
LIBOR LIBOR  
Basis spread on variable rate 1.50%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan2.08MemberMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
 
LIBOR | 2.82%, payable through 2016, secured by The Shops at Kukui'ula    
Notes payable and long-term debt    
LIBOR LIBOR  
Basis spread on variable rate 2.66%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan2.82Member
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
 
LIBOR | 2.78%, payable through 2016, secured by Kahala Estate Properties    
Notes payable and long-term debt    
LIBOR LIBOR  
Basis spread on variable rate 2.625%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan2.78Member
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
 
LIBOR | 1.17%, payable through 2021, secured by asphalt plant    
Notes payable and long-term debt    
LIBOR LIBOR  
Basis spread on variable rate 1.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan1.17Member
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
 
LIBOR | 3.05%, payable through 2014, secured by Maui Mall    
Notes payable and long-term debt    
Basis spread on variable rate 3.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= alex_TermLoan3.05Member
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
 
[1] On December 1, 2014, the Company refinanced and increased the amount of the loan secured by Pearl Highlands Center.
[2] Loan has a stated interest rate of LIBOR plus 1.5%, but is swapped through maturity to a 5.95% fixed rate.
[3] Loan has a stated interest rate of LIBOR plus 2.66%.
[4] Loan has a stated interest rate of LIBOR plus 2.63%.
[5] Loan has a stated interest rate of LIBOR plus 1.0%, but is swapped through maturity to a 5.98% fixed rate
[6] Loan has a stated interest rate of LIBOR plus 3.00%. The loan was used as temporary financing for the acquisition of the Kailua Portfolio in December 2013. The loan was paid off with reverse 1031 proceeds from Maui Mall on January 6, 2014.