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Insurance Recoverable (Schedule Of The Total Incurred Losses And Recoverable Amounts From Insurance Claims) (Details)
NZD in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2017
NZD
Mar. 31, 2017
USD ($)
Dec. 31, 2016
NZD
Dec. 31, 2016
USD ($)
[4]
Mar. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
[4]
Insurance Recoverable [Abstract]            
Written down value of parking structure, Total [1]     NZD 13,451      
Written down value of parking structure, Changes in Estimates [1]     347      
Written down value of parking structure, Recoverable Assets under Insurance Claim [1],[2] NZD 13,798          
Estimated demolition costs, Total [3]     7,276      
Estimated demolition costs, Changes in Estimate [3]     82      
Estimated demolition costs, Recoverable Assets under Insurance Claim [2],[3] 7,358          
Total expected incurred losses     20,727      
Total expected incurred losses, Recoverable Asset under Insurance Claim [2] 21,156          
Less: Advance payment from Insurer   $ 5,000 (7,103) [4],[5]      
Insurance Recoverable for Incurred Losses, Total NZD 14,053 [2]   13,624     $ 9,480
Less: Recorded to Statement of Operations Total     NZD 429 $ 306    
Insurance Recoverable for Incurred Losses, Recoverable Asset under Insurance Claim | $ [2],[4]         $ 9,839  
[1] Recorded land value was excluded in the impairment determination.
[2] The insurance recoverable of $9.5 million (NZ$13.6 million) as of December 31, 2016 was presented as part of "Other non-current assets" as the timing of the insurance claim receipt is not fixed nor reliably determinable at the time of issuance of the 2016 Form 10-K. Subsequently, we reclassified the insurance recoverable of $9.8 million (NZ$14.1 million) as of March 31, 2017 to a current asset category as part of "Prepaid and other current assets" based on latest developments on our insurance claim, where we expect to receive the final settlement in less than a year. Refer to further details in Note 19 - Subsequent Events.
[3] $306,000 (NZ$429,000) represents changes in our initial estimates for demolition costs, which are allowable to be recorded in the period of change. Also, this amount included legal costs incurred during the insurance claim process which are reimbursable under our insurance policy.
[4] In line with our standard translation policy, balance sheet items were translated into U.S. dollars based on the spot exchange rate as of March 31, 2017 and December 31, 2016, while the impact on our statement of income was translated using the average exchange rate for the current quarter.
[5] This represents the advance claims settlement from the Insurer of $5.0 million (NZ$7.1 million).