XML 51 R33.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
Income Tax Disclosure [Abstract] |
Components of Income Tax Benefit (Provision) | The components of the income tax provision for the years ended December 31, 2017, 2016 and 2015 are comprised of the following:
| Year Ended December 31,
| 2017 |  | 2016 |  | 2015
Current: |  |  |  |  |
Federal | $ | (859 | ) |  | $ | (656 | ) |  | $ | 68 |
State | (344 | ) |  | (251 | ) |  | (297 | )
Deferred: |  |  |  |  |
State | 10 |  |  | (182 | ) |  | 112 |
| $ | (1,193 | ) |  | $ | (1,089 | ) |  | $ | (117 | )
Deferred Tax Assets (Liabilities) | Deferred income taxes represent the tax effect of the temporary differences between the book and tax basis of assets and liabilities. New 2017 tax reform legislation reduces the corporate tax rate to 21%, effective January 1, 2018. Consequently, our deferred income tax assets and liabilities were re-measured to reflect the reduction in the U.S. corporate income tax rate. As a result, we recorded a decrease related to the net deferred tax assets and a decrease to the associated valuation allowance. Deferred income tax assets and liabilities include the following as of December 31, 2017 and 2016:
| Year Ended December 31,
| 2017 |  | 2016
Impairment of Real Estate | $ | 1,267 |  |  | $ | 2,051 |
Other - Temporary Differences | 233 |  |  | 433 |
Valuation Allowance | (984 | ) |  | (2,181 | )
Total Deferred Income Tax Assets, Net of Allowance | $ | 516 |  |  | $ | 303 |
Straight-line Rent | $ | (40 | ) |  | $ | (51 | )
Basis Difference - Real Estate Properties | (488 | ) |  | (260 | )
Other - Temporary Differences | (172 | ) |  | (186 | )
Total Deferred Income Tax Liabilities | $ | (700 | ) |  | $ | (497 | )
Total Net Deferred Income Tax Liabilities | $ | (184 | ) |  | $ | (194 | )
Effective Income Tax Rate Reconciliation | The income tax provision pertaining to income from continuing operations of the TRSs differs from the amounts computed by applying the applicable federal statutory rate as follows for the years ended December 31, 2017, 2016 and 2015:
| Year Ended December 31,
| 2017 |  | 2016 |  | 2015
Tax (Provision) Benefit at Federal Rate Related to Continuing Operations | $ | (1,416 | ) |  | $ | (1,764 | ) |  | $ | 64 |
Change in Effective Tax Rate | (609 | ) |  | — |  |  | — |
State Tax Provision, Net of Federal Benefit | (376 | ) |  | (462 | ) |  | (212 | )
Non-deductible Permanent Items, Net | — |  |  | 7 |  |  | 10 |
Change in Valuation Allowance | 1,197 |  |  | 1,256 |  |  | 787 |
Other | 11 |  |  | (126 | ) |  | (766 | )
Net Income Tax Provision | $ | (1,193 | ) |  | $ | (1,089 | ) |  | $ | (117 | )
Federal Income Tax Treatment of Common Dividends | For income tax purposes, dividends paid to the Company's common shareholders are characterized as ordinary income, capital gains or as a return of a shareholder's invested capital. For the years ended December 31, 2017, 2016 and 2015, the dividends per common share were characterized as follows:
| 2017 |  | As a Percentage of Distributions |  | 2016 |  | As a Percentage of Distributions |  | 2015 |  | As a Percentage of Distributions
Ordinary Income | $ | 0.6552 |  |  | 74.23 | % |  | $ | 0.6935 |  |  | 82.53 | % |  | $ | 0.2629 |  |  | 67.93 | %
Unrecaptured Section 1250 Gain | 0.1627 |  |  | 18.43 | % |  | 0.1130 |  |  | 13.45 | % |  | 0.1241 |  |  | 32.07 | %
Capital Gain | 0.0648 |  |  | 7.34 | % |  | 0.0066 |  |  | 0.78 | % |  | — |  |  | 0.00 | %
Nondividend Distribution - Return of Capital | — |  |  | 0.00 | % |  | 0.0272 |  |  | 3.24 | % |  | — |  |  | 0.00 | %
| $ | 0.8827 |  |  | 100.00 | % |  | $ | 0.8403 |  |  | 100.00 | % |  | $ | 0.3870 |  |  | 100.00 | %

X
- Definition For income tax purposes, distributions paid to common shareholders are classified as ordinary income, capital gain, return of capital or qualified dividends. + References No definition available. + Details
Name: | fr_FederalIncomeTaxTreatmentofCommonDividendsTableTextBlock
Namespace Prefix: | fr_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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=84230637&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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=84230637&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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=84230637&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration