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Other Liabilities
12 Months Ended
Dec. 31, 2014
Other Liabilities Disclosure [Abstract]  
Other Liabilities
12. OTHER LIABILITIES

The components of other liabilities are summarized as follows:

 

     December 31, 2014      December 31, 2013  

Deferred rental income

   $ 28,485       $ 24,037   

Lease obligation liability

     713         2,076   

Fair value of interest rate swaps

     3,533         3,684   

Income taxes payable

     672         671   

Deferred tax liability

     5,367         3,481   

Earnout provisions on acquisitions

     8,033         133   

Unpaid claims liability

     1,832         1,236   

Other miscellaneous liabilities

     6,084         2,679   
  

 

 

    

 

 

 
$ 54,719    $ 37,997   
  

 

 

    

 

 

 

Included in the lease obligation liability is approximately $609 and $2,352 as of December 31, 2014 and 2013, respectively, related to minimum rentals to be received in the future undernon-cancelable subleases.

Included in other miscellaneous liabilities is unpaid claims related to the Company’s tenant reinsurance program. For the years ended December 31, 2014, 2013 and 2012, the number of claims made were 2,942, 2,316 and 2,060, respectively. The following table presents information on the Company’s unpaid claims liability for the periods presented:

 

     For the Year Ended
December 31,
 

Tenant Reinsurance Claims:

   2014     2013     2012  

Unpaid claims liability at beginning of year

   $ 1,236      $ 1,414      $ 715   

Claims and claim adjustment expense for claims incurred in the current year

     5,126        3,817        3,417   

Claims and claim adjustment expense for claims incurred in the prior years

     (345     (116     22   

Payments for current year claims

     (3,367     (2,627     (2,028

Payments for prior year claims

     (818     (1,252     (712
  

 

 

   

 

 

   

 

 

 

Unpaid claims liability at the end of the year

$ 1,832    $ 1,236    $ 1,414