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Organization and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of NNN's Investment Portfolio
NNN acquires, owns, invests in and develops properties that are leased primarily to retail tenants under long-term net leases and primarily held for investment ("Properties" or "Property Portfolio," or individually a "Property"). 
 
December 31, 2016
Property Portfolio:
 
Total properties
2,535

Gross leasable area (square feet)
27,204,000

States
48

Weighted average remaining lease term (years)
11.6
Schedule of Intangible Assets and Related Amortization
Intangible assets and liabilities consisted of the following as of December 31 (dollars in thousands):
 
 
2016
 
2015
Intangible lease assets (included in Other assets):
 
 
 
 
Value of above market in-place leases, net
 
$
9,591

 
$
10,883

Value of in-place leases, net
 
55,290

 
61,359

Intangible lease liabilities (included in Other liabilities):
 
 
 
 
Value of below market in-place leases, net
 
22,100

 
25,767
Computation of Basic and Diluted Earnings Per Share
The following table is a reconciliation of the numerator and denominator used in the computation of basic and diluted earnings per common share using the two-class method for the years ended December 31 (dollars in thousands):
 
 
2016
 
2015
 
2014
Basic and Diluted Earnings:
 
 
 
 
 
Net earnings attributable to NNN
$
239,500

 
$
197,836

 
$
190,601

Less: Series D preferred stock dividends
(19,047
)
 
(19,047
)
 
(19,047
)
Less: Series E preferred stock dividends
(16,387
)
 
(16,387
)
 
(16,387
)
Less: Series F preferred stock dividends
(3,189
)
 
—

 
—

Net earnings attributable to common stockholders
200,877

 
162,402

 
155,167

Less: Earnings attributable to unvested restricted shares
(695
)
 
(706
)
 
(773
)
Net earnings used in basic and diluted earnings per share
$
200,182

 
$
161,696

 
$
154,394

 
 
 
 
 
 
Basic and Diluted Weighted Average Shares Outstanding:
 
 
 
 
 
Weighted average number of shares outstanding
145,014,422

 
134,868,640

 
125,221,358

Less: Unvested restricted shares
(390,522
)
 
(412,505
)
 
(467,968
)
Less: Unvested contingent restricted shares
(447,676
)
 
(457,461
)
 
(495,832
)
Weighted average number of shares outstanding used in basic earnings per share
144,176,224

 
133,998,674

 
124,257,558

Effects of dilutive securities:
 
 
 
 
 
Other
484,409

 
490,742

 
452,668

Weighted average number of shares outstanding used in diluted earnings per share
144,660,633

 
134,489,416

 
124,710,226
Changes in accumulated other comprehensive income
The following table outlines the changes in accumulated other comprehensive income (loss) (dollars in thousands):
 
Gain or Loss on Cash Flow Hedges(1)
 
Gains and Losses on Commercial Mortgage Residual Interests(2)
 
Gains and Losses on Available-for-Sale Securities
 
Total
 
Beginning balance, December 31, 2014
$
(13,579
)
 
$
4,793

 
$
128

 
$
(8,658
)
 
 
 
 
 
 
 
 
 
 
Other comprehensive income (loss)
(13,369
)
 
(585
)
 
112

 
(13,842
)
 
Reclassifications from accumulated other comprehensive income to net earnings
1,902

(3) 
246

(4 
) 
—

 
2,148

 
Net current period other comprehensive income (loss)
(11,467
)
 
(339
)
 
112

 
(11,694
)
 
Ending balance, December 31, 2015
(25,046
)
 
4,454

 
240

 
(20,352
)
 
 
 
 
 
 
 
 
 
 
Other comprehensive income (loss)
13,345

 
(182
)
 
468

 
13,631

 
Reclassifications from accumulated other comprehensive income to net earnings
2,802

(3) 
(4,272
)
(4 
) 
—

 
(1,470
)
 
Net current period other comprehensive income (loss)
16,147

 
(4,454
)
 
468

 
12,161

 
Ending balance, December 31, 2016
$
(8,899
)
 
$
—

 
$
708

 
$
(8,191
)
 
(1) Additional disclosure is included in Note 12 – Derivatives.
(2) Additional disclosure is included in Note 17 – Fair Value Measurements.
(3) Reclassifications out of other comprehensive income (loss) are recorded in Interest Expense on the Consolidated Statements of Income and Comprehensive Income. There is no income tax expense (benefit) resulting from this reclassification.
(4) Reclassifications out of other comprehensive income (loss) are recorded in Impairment on the Consolidated Statements of Income and Comprehensive Income. There is no income tax expense (benefit) resulting from this reclassification.