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Earnings from Discontinued Operations | 6 Months Ended
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Jun. 30, 2014
Discontinued Operation, Income (Loss) from Discontinued Operation Disclosures [Abstract] |
Earnings from Discontinued Operations | Earnings from Discontinued Operations: Effective January 1, 2014, NNN has early adopted ASU 2014-08. Under ASU 2014-08, only disposals representing a strategic shift in operations are to be presented as discontinued operations. This requires the Company to continue to classify any property disposal or property classified as held for sale as of December 31, 2013 as discontinued operations prospectively. Therefore, the revenues and expenses related to these properties are presented as discontinued operations as of June 30, 2014. The Company did not classify any additional properties as discontinued operations subsequent to December 31, 2013. The following is a summary of the earnings (loss) from discontinued operations (dollars in thousands):
| Quarter Ended June 30, |  | Six Months Ended June 30,
| 2014 |  | 2013 |  | 2014 |  | 2013
Revenues: |  |  |  |  |  |  |
Rental income from operating leases | $ | — |  |  | $ | 327 |  |  | $ | — |  |  | $ | 930 |
Earned income from direct financing leases | — |  |  | 58 |  |  | — |  |  | 116 |
Real estate expense reimbursement from tenants | 6 |  |  | 25 |  |  | 11 |  |  | 77 |
Interest and other income from real estate transactions | 22 |  |  | 30 |  |  | 22 |  |  | 34 |
| 28 |  |  | 440 |  |  | 33 |  |  | 1,157 |
Operating expenses: |  |  |  |  |  |  |
General and administrative | — |  |  | 212 |  |  | — |  |  | 213 |
Real estate | 13 |  |  | 73 |  |  | — |  |  | 93 |
Depreciation and amortization | — |  |  | 68 |  |  | — |  |  | 157 |
Impairment charges | — |  |  | 904 |  |  | 63 |  |  | 904 |
| 13 |  |  | 1,257 |  |  | 63 |  |  | 1,367 |
Other expenses: |  |  |  |  |  |  |
Interest expense | — |  |  | 11 |  |  | — |  |  | 41 |
| — |  |  | 11 |  |  | — |  |  | 41 |
Earnings (loss) before gain on disposition of real estate and income tax expense | 15 |  |  | (828 | ) |  | (30 | ) |  | (251 | )
Gain on disposition of real estate | 3 |  |  | 2,669 |  |  | 12 |  |  | 3,174 |
Income tax expense | — |  |  | (335 | ) |  | — |  |  | (386 | )
Earnings (loss) from discontinued operations attributable to NNN including noncontrolling interests | 18 |  |  | 1,506 |  |  | (18 | ) |  | 2,537 |
Earnings attributable to noncontrolling interests | — |  |  | (158 | ) |  | — |  |  | (163 | )
Earnings (loss) from discontinued operations attributable to NNN | $ | 18 |  |  | $ | 1,348 |  |  | $ | (18 | ) |  | $ | 2,374 |

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- Definition The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2941-110230 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1012-107759 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1020-107759 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1436-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228 + Details
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