XML 29 R25.htm IDEA: XBRL DOCUMENT v2.4.0.8
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2013
Accounting Policies [Abstract]  
Schedule of Estimated Useful Lives
Property and equipment are recorded at cost with depreciation and amortization being provided over the shorter of the remaining lease term (where applicable) or the assets' estimated useful lives on the straight-line basis as follows:
        
Buildings and improvements
-
5 to 40 years
Leasehold improvements
-
2 to 10 years
Furniture, fixtures and equipment
-
2 to 15 years
Property and equipment, at cost, consists of the following:
 
December 31,
 
2013

2012
 
 
 
 
Land
$
4,644,000

 
$
2,364,000

Buildings and leasehold improvements
70,572,000

 
55,371,000

Furniture, fixtures and equipment
28,473,000

 
24,940,000

 
103,689,000

 
82,675,000

Less: accumulated depreciation
(50,699,000
)
 
(43,938,000
)
Net property and equipment
$
52,990,000

 
$
38,737,000

Schedule of Acquired Finite-Lived Intangible Assets by Major Class
The carrying value of the acquired leasehold interest intangible and the accumulated amortization are as follows:
 
December 31,
 
2013
 
2012
Intangible assets
$
10,652,000

 
$
10,652,000

Accumulated amortization
(2,424,000
)
 
(2,040,000
)
Net intangible assets
$
8,228,000

 
$
8,612,000

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
The expected amortization expense for the acquired leasehold interest intangible asset is as follows:
2014
 
$
384,000

2015
 
384,000

2016
 
384,000

2017
 
384,000

2018
 
384,000

Thereafter
 
6,308,000

 
 
$
8,228,000

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table presents by level, within the fair value hierarchy, assets and liabilities measured at fair value on a recurring basis as of December 31, 2013 and 2012:
December 31, 2013
 
Fair Value Measurements - Assets (Liabilities)
 
 
Total
 
Level 1
 
Level 2
 
Level 3
Interest rate swap
 
$
(918,000
)
 
$

 
$
(918,000
)
 
$

 
 
 
 
 
 
 
 
 
December 31, 2012
 
Fair Value Measurements - Assets (Liabilities)
 
 
Total
 
Level 1
 
Level 2
 
Level 3
Interest rate swap
 
$
(1,484,000
)
 
$

 
$
(1,484,000
)
 
$