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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2014

Fair Value Measurements

Schedule of available-for-sale securities and derivative financial instruments measured at fair value

The fair value of the Company’s available-for-sale securities and derivative financial instruments was determined using the following inputs (amounts in thousands):

							Fair Value Measurements
				Carrying and			on a Recurring Basis
		As of		Fair Value			Level 1			Level 2
Financial assets:
Available-for-sale securities:
Equity securities		September 30, 2014		$	24		$	24		$	—
		December 31, 2013		282			282			—
Derivative financial instruments:
Interest rate swaps		September 30, 2014		134			—			134
		December 31, 2013		265			—			265
Financial liabilities:
Derivative financial instruments:
Interest rate swaps		September 30, 2014		2,062			—			2,062
		December 31, 2013		774			—			774

Schedule of effect of derivative financial instruments on consolidated statement of income

The following table presents the effect of the Company’s derivative financial instruments on the consolidated statement of income for the periods presented (amounts in thousands):

		Three Months Ended September 30,						Nine Months Ended September 30,
		2014			2013			2014			2013
One Liberty Properties and Consolidated Subsidiaries
Amount of loss recognized on derivatives in Other comprehensive loss		$	(357	)	$	(972	)	$	(2,765	)	$	(372	)
Amount of loss reclassification from Accumulated other comprehensive loss into Interest expense		(476		)	(284		)	(1,300		)	(592		)
Unconsolidated Joint Ventures (Company’s share)
Amount of gain (loss) recognized on derivative in Other comprehensive loss		$	11		$	(15	)	$	(37	)	$	18
Amount of loss reclassification from Accumulated other comprehensive loss into Equity in earnings of unconsolidated joint ventures		(28		)	(14		)	(83		)	(42		)

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- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19279-110258



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-Publisher FASB

-Name Accounting Standards Codification

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-Publisher FASB

-Name Accounting Standards Codification

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- Definition

Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

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