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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2013
Income Tax Disclosure [Abstract] |
Schedule of Deferred Tax Assets and Liabilities | The significant components of the net income tax asset consist of the following at December 31 (dollars in thousands):
| 2013 |  | 2012
Deferred tax assets: |  |  |
Cost basis | $ | 994 |  |  | $ | 1,118 |
Deferred income | 155 |  |  | 247 |
Reserves | 4,728 |  |  | 3,735 |
Credits | 393 |  |  | 217 |
Excess interest expense carryforward | 2,706 |  |  | 4,508 |
Net operating loss carryforward | 5,212 |  |  | 5,829 |
| 14,188 |  |  | 15,654 |
Valuation allowance | — |  |  | — |
Total deferred tax assets | 14,188 |  |  | 15,654 |
Deferred tax liabilities: |  |  |
Built-in gain | (2,163 | ) |  | (2,924 | )
Depreciation | (618 | ) |  | (756 | )
Other | (779 | ) |  | (546 | )
Total deferred tax liabilities | (3,560 | ) |  | (4,226 | )
Net deferred tax asset | $ | 10,628 |  |  | $ | 11,428 |
Schedule of Components of Income Tax Expense (Benefit) | The income tax benefit (expense) consists of the following components for the years ended December 31, (as adjusted) (dollars in thousands):
| 2013 |  | 2012 |  | 2011
Net earnings before income taxes | $ | 161,230 |  |  | $ | 135,124 |  |  | $ | 93,302 |
Provision for income tax benefit (expense): |  |  |  |  |
Current: |  |  |  |  |
Federal | (195 | ) |  | (136 | ) |  | (166 | )
State and local | (90 | ) |  | (7 | ) |  | (15 | )
Deferred: |  |  |  |  |
Federal | (790 | ) |  | 5,871 |  |  | (714 | )
State and local | (10 | ) |  | 1,163 |  |  | (82 | )
Total benefit (expense) for income taxes | (1,085 | ) |  | 6,891 |  |  | (977 | )
Net earnings attributable to NNN’s stockholders | $ | 160,145 |  |  | $ | 142,015 |  |  | $ | 92,325 |
Schedule of Effective Income Tax Rate Reconciliation | The total income tax benefit (expense) differs from the amount computed by applying the statutory federal tax rate to net earnings before taxes as follows for the years ended December 31 (dollars in thousands):
| 2013 |  | 2012 |  | 2011
Federal expense at statutory tax rate | $ | (54,818 | ) |  | $ | (45,942 | ) |  | $ | (31,723 | )
Nontaxable income of NNN | 53,178 |  |  | 44,746 |  |  | 30,380 |
State taxes, net of federal benefit | (200 | ) |  | (139 | ) |  | (156 | )
Amortization of Built-in Gain Tax | 761 |  |  | 613 |  |  | 531 |
Other | (6 | ) |  | (58 | ) |  | (9 | )
Valuation allowance (increase) decrease | — |  |  | 7,671 |  |  | — |
Total tax benefit (expense) | $ | (1,085 | ) |  | $ | 6,891 |  |  | $ | (977 | )

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
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