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Organization And Summary Of Significant Accounting Policies (Tables) | 9 Months Ended
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Sep. 30, 2013
Accounting Policies [Abstract] |
Summary Of NNN's Investment Portfolio | NNN's assets include: real estate, mortgages and notes receivable, and commercial mortgage residual interests. 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”).
| September 30, 2013
Property Portfolio: |
Total properties | 1,850 |
Gross leasable area (square feet) | 20,292,000 |
States | 47 |
Intangible Assets and Liabilities | Intangible assets and liabilities consisted of the following as of (in thousands):
|  | September 30, 2013 |  | December 31, 2012
Intangible lease assets (included in Other assets): |  |  |  |
Value of above market in-place leases, net |  | $ | 12,236 |  |  | $ | 6,679 |
Value of in-place leases, net |  | 59,365 |  |  | 37,889 |
Intangible lease liabilities (included in Other liabilities): |  |  |  |
Value of below market in-place leases, net |  | 29,678 |  |  | 23,708 |
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 (dollars in thousands):
| Quarter Ended September 30, |  | Nine Months Ended September 30,
| 2013 |  | 2012 |  | 2013 |  | 2012
Basic and Diluted Earnings: |  |  |  |  |  |  |
Net earnings attributable to NNN | $ | 44,352 |  |  | $ | 38,015 |  |  | $ | 115,904 |  |  | $ | 101,353 |
Less: Series C preferred stock dividends | — |  |  | — |  |  | — |  |  | (1,979 | )
Less: Series D preferred stock dividends | (4,762 | ) |  | (4,762 | ) |  | (14,285 | ) |  | (10,688 | )
Less: Series E preferred stock dividends | (4,780 | ) |  | — |  |  | (4,780 | ) |  | — |
Less: Excess of redemption value over carrying value of Series C preferred shares redeemed | — |  |  | — |  |  | — |  |  | (3,098 | )
Net earnings available to NNN’s common stockholders | 34,810 |  |  | 33,253 |  |  | 96,839 |  |  | 85,588 |
Less: Earnings attributable to unvested restricted shares | (135 | ) |  | (215 | ) |  | (366 | ) |  | (525 | )
Net earnings used in basic earnings per share | 34,675 |  |  | 33,038 |  |  | 96,473 |  |  | 85,063 |
Reallocated undistributed loss | — |  |  | (1 | ) |  | (3 | ) |  | (4 | )
Net earnings used in diluted earnings per share | $ | 34,675 |  |  | $ | 33,037 |  |  | $ | 96,470 |  |  | $ | 85,059 |
Basic and Diluted Weighted Average Shares Outstanding: |  |  |  |  |  |  |
Weighted average number of shares outstanding | 121,096,076 |  |  | 108,461,120 |  |  | 117,973,443 |  |  | 107,039,590 |
Less: Unvested restricted stock | (469,370 | ) |  | (696,270 | ) |  | (441,588 | ) |  | (652,890 | )
Less: Contingent shares | (338,816 | ) |  | (276,915 | ) |  | (309,692 | ) |  | (246,698 | )
Weighted average number of shares outstanding used in basic earnings per share | 120,287,890 |  |  | 107,487,935 |  |  | 117,222,163 |  |  | 106,140,002 |
Effects of dilutive securities: |  |  |  |  |  |  |
Contingent shares | — |  |  | — |  |  | — |  |  | 8,459 |
Convertible notes payable | 768,843 |  |  | 2,692,153 |  |  | 1,963,457 |  |  | 1,787,275 |
Common stock options | — |  |  | — |  |  | — |  |  | 1,287 |
Directors’ deferred fee plan | 173,499 |  |  | 159,617 |  |  | 170,574 |  |  | 154,886 |
Weighted average number of shares outstanding used in diluted earnings per share | 121,230,232 |  |  | 110,339,705 |  |  | 119,356,194 |  |  | 108,091,909 |
Schedule of AOCI | The following table outlines the changes in accumulated other comprehensive income (dollars in thousands):
| Gain or Loss on Cash Flow Hedges (1) |  | Unrealized Gains and Losses on Commercial Mortgage Residual Interests (2) |  | Unrealized Gains and Losses on Available-for-Sale Securities |  | Total |
Beginning balance, December 31, 2012 | $ | (5,693 | ) |  | $ | 3,244 |  |  | $ | 67 |  |  | $ | (2,382 | ) |
Other comprehensive income (loss) | (3,141 | ) |  | 2,544 |  |  | 125 |  |  | (472 | ) |
Reclassifications from accumulated other comprehensive income to net earnings | 306 |  |  | — |  |  | — |  |  | 306 |  | (3)
Net current period other comprehensive income (loss) | (2,835 | ) |  | 2,544 |  |  | 125 |  |  | (166 | ) |
Ending balance, September 30, 2013 | $ | (8,528 | ) |  | $ | 5,788 |  |  | $ | 192 |  |  | $ | (2,548 | ) |
1) Additional disclosure is included in Note 10 - Derivatives. 2) Additional disclosure is included in Note 3 - Commercial Mortgage Residual Interests. 3) Reclassifications out of other comprehensive income are recorded in Interest Expense on the Condensed Consolidated Statements of Comprehensive Income. There is no income tax expense (benefit) resulting from this reclassification.

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- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=28358780&loc=SL7669686-108580 + Details
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