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Organization and Summary of Significant Accounting Policies (Tables) | 9 Months Ended
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Sep. 30, 2017
Accounting Policies [Abstract] |
Summary of NNN's Investment Portfolio | 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", "Property Portfolio", or individually a "Property").
| September 30, 2017
Property Portfolio: |
Total properties | 2,687 |
Gross leasable area (square feet) | 28,250,000 |
States | 48 |
Weighted average remaining lease term (years) | 11.4 |
Intangible Assets and Liabilities | Intangible assets and liabilities consisted of the following as of (dollars in thousands):
| September 30, 2017 |  | December 31, 2016
Intangible lease assets (included in Other assets): |  |  |
Value of above-market in-place leases, net | $ | 7,584 |  |  | $ | 9,591 |
Value of in-place leases, net | 46,805 |  |  | 55,290 |
Intangible lease liabilities (included in Other liabilities): |  |  |
Value of below-market in-place leases, net | 19,673 |  |  | 22,100 |
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,
| 2017 |  | 2016 |  | 2017 |  | 2016
Basic and Diluted Earnings: |  |  |  |  |  |  |
Net earnings attributable to NNN | $ | 61,120 |  |  | $ | 50,784 |  |  | $ | 192,805 |  |  | $ | 173,409 |
Less: Series D preferred stock dividends | — |  |  | (4,762 | ) |  | (3,598 | ) |  | (14,285 | )
Less: Series E preferred stock dividends | (4,097 | ) |  | (4,097 | ) |  | (12,291 | ) |  | (12,291 | )
Less: Series F preferred stock dividends | (4,485 | ) |  | — |  |  | (13,455 | ) |  | — |
Less: Excess of redemption value over carrying value of Series D preferred shares redeemed | — |  |  | — |  |  | (9,855 | ) |  | — |
Net earnings available to NNN’s common stockholders | 52,538 |  |  | 41,925 |  |  | 153,606 |  |  | 146,833 |
Less: Earnings allocated to unvested restricted shares | (132 | ) |  | (184 | ) |  | (399 | ) |  | (510 | )
Net earnings used in basic and diluted earnings per share | $ | 52,406 |  |  | $ | 41,741 |  |  | $ | 153,207 |  |  | $ | 146,323 |
Basic and Diluted Weighted Average Shares Outstanding: |  |  |  |  |  |  |
Weighted average number of shares outstanding | 150,076,348 |  |  | 146,982,759 |  |  | 148,934,825 |  |  | 144,301,606 |
Less: Unvested restricted stock | (277,713 | ) |  | (406,170 | ) |  | (288,238 | ) |  | (385,267 | )
Less: Unvested contingent restricted shares | (457,610 | ) |  | (465,548 | ) |  | (423,353 | ) |  | (441,675 | )
Weighted average number of shares outstanding used in basic earnings per share | 149,341,025 |  |  | 146,111,041 |  |  | 148,223,234 |  |  | 143,474,664 |
Other dilutive securities | 326,584 |  |  | 570,551 |  |  | 303,127 |  |  | 561,501 |
Weighted average number of shares outstanding used in diluted earnings per share | 149,667,609 |  |  | 146,681,592 |  |  | 148,526,361 |  |  | 144,036,165 |
Schedule of AOCI | The following table outlines the changes in accumulated other comprehensive income (loss) (dollars in thousands):
| Gains or (Losses) on Cash Flow Hedges (1) |  | Gains on Available-for-Sale Securities |  | Total
Beginning balance, December 31, 2016 | $ | (8,899 | ) |  | $ | 708 |  |  | $ | (8,191 | )
Other comprehensive income (loss) | (7,688 | ) |  | 118 |  |  | (7,570 | )
Reclassifications from accumulated other comprehensive income to net earnings | 1,394 |  | (2) | — |  |  | 1,394 |
Net current period other comprehensive income (loss) | (6,294 | ) |  | 118 |  |  | (6,176 | )
Ending balance, September 30, 2017 | $ | (15,193 | ) |  | $ | 826 |  |  | $ | (14,367 | )
(1) Additional disclosure is included in Note 6 – Derivatives. (2) Reclassifications out of other comprehensive income (loss) are recorded in Interest expense on the Condensed Consolidated Statements of Income and Comprehensive Income.

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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=84228862&loc=SL7669686-108580 + Details
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