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Other Assets
12 Months Ended
Dec. 31, 2014
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Assets
6. OTHER ASSETS

The components of other assets are summarized as follows:

 

     December 31, 2014      December 31, 2013  

Equipment and fixtures

   $ 24,913       $ 21,774   

Less: accumulated depreciation

     (15,183      (12,805

Other intangible assets

     7,130         6,460   

Deferred financing costs, net

     21,483         21,881   

Prepaid expenses and deposits

     8,891         8,355   

Receivables, net

     31,946         26,278   

Notes receivable

     9,661         5,747   

Investments in Trusts

     3,590         3,590   

Income taxes receivable

     —           1,845   

Fair value of interest rate swaps

     3,583         13,630   
  

 

 

    

 

 

 
$ 96,014    $ 96,755   
  

 

 

    

 

 

 

In September 2014, the Company established a credit facility with an existing partner. Under the credit facility, the Company has agreed to fund a series of loans to a variety of the partner’s subsidiaries, with a total not exceeding $100,000. The loans will be secured by mortgages of stores that are subject to approval by the Company. The loans are expected to close over the next three years, will bear interest at Libor plus 2.55%, and have terms of five years each. The closing of each loan is intended to be accompanied by a simultaneous put/call option agreement, under which the partner’s subsidiaries can require the Company to buy the store, and whereby the Company can require the partner’s subsidiaries to sell the stores. No amounts have been drawn on this credit facility as of December 31, 2014.