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Notes Payable - Convertible (Tables) | 12 Months Ended
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Dec. 31, 2013
Convertible Notes Payable [Abstract] |
Schedule of Debt | Each of NNN’s outstanding series of convertible notes are summarized in the table below (dollars in thousands, except conversion price):
Terms |  | 2026 Notes |  |  | 2028 Notes |
Issue Date |  | September 2006 |  |  |  | March 2008 |  |
Net Proceeds |  | $ | 168,650 |  |  |  | $ | 228,576 |  |
Stated Interest Rate |  | 3.950 | % |  |  | 5.125 | % |
Effective Interest Rate |  | 5.840 | % |  |  | 7.192 | % |
Debt Issuance Costs |  | $ | 3,850 |  |  |  | $ | 5,459 |  |
Original Principal |  | $ | 172,500 |  |  |  | $ | 234,035 |  |
Repurchases |  | (33,800 | ) |  |  | (11,000 | ) |
Settled |  | (138,700 | ) |  |  | (223,035 | ) |
Outstanding principal balance at December 31, 2013 |  | $ | — |  |  |  | $ | — |  |
Schedule of Long-term Debt Instruments | The following table outlines the mortgages payable included in NNN’s consolidated financial statements (dollars in thousands):
Entered |  | Initial Balance |  | Interest Rate |  | Maturity (3) |  | Carrying Value of Encumbered Asset(s)(1) |  | Outstanding Principal Balance at December 31,
2013 |  | 2012
December 2001 (2) |  | $ | 623 |  |  | 9.00% |  | April 2014 |  | $ | 438 |  |  | $ | 27 |  |  | $ | 95 |
December 2001 (2) |  | 698 |  |  | 9.00% |  | April 2019 |  | 968 |  |  | 263 |  |  | 299 |
December 2001 (2) |  | 485 |  |  | 9.00% |  | April 2019 |  | 936 |  |  | 136 |  |  | 155 |
February 2004 (2) |  | 6,952 |  |  | 6.90% |  | January 2017 |  | 10,797 |  |  | 2,257 |  |  | 2,892 |
March 2005 (2) |  | 1,015 |  |  | 8.14% |  | September 2016 |  | 1,264 |  |  | 335 |  |  | 439 |
June 2012 (2)(4) |  | 6,850 |  |  | 5.75% |  | April 2016 |  | 8,717 |  |  | 6,457 |  |  | 6,722 |
|  |  |  |  |  |  |  | $ | 23,120 |  |  | $ | 9,475 |  |  | $ | 10,602 |
(1) | Each loan is secured by a first mortgage lien on certain of NNN’s properties. The carrying values of the assets are as of December 31, 2013.
(2) | Date entered represents the date that NNN acquired real estate subject to a mortgage securing a loan. The corresponding original principal balance represents the outstanding principal balance at the time of acquisition.
(3) | Monthly payments include interest and principal, if any; the balance is due at maturity.
(4) | Initial balance and outstanding principal balance includes unamortized premium.
The carrying amounts of the Company’s convertible debt and equity balances are summarized in the table below as of December 31 (dollars in thousands):
| 2013 |  | 2012
Carrying value of equity component | $ | — |  |  | $ | (22,193 | )
Principal amount of convertible debt | — |  |  | 238,572 |
Remaining unamortized debt discount | — |  |  | (2,072 | )
Net carrying value of convertible debt | $ | — |  |  | $ | 214,307 |
Debt Interest Expense | NNN recorded the following in interest expense relating to the 2028 Notes and the 2026 Notes for the years ended December 31 (dollars in thousands):
| 2013 |  | 2012 |  | 2011
Noncash interest charges | $ | 2,072 |  |  | $ | 4,291 |  |  | $ | 5,837 |
Contractual interest expense | 5,400 |  |  | 15,744 |  |  | 16,909 |
Amortization of debt costs | 566 |  |  | 1,149 |  |  | 1,583 |
| $ | 8,038 |  |  | $ | 21,184 |  |  | $ | 24,329 |

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6584090&loc=d3e28878-108400 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 + Details
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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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