XML 36 R44.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Financial Instruments: Derivatives and Hedging (Details) (USD $) | 0 Months Ended | 12 Months Ended
--- | --- | ---
Aug. 26, 2013 | Sep. 27, 2012 | Dec. 31, 2014
BMO Interest Rate Swap |  |  |
Financial Instruments: Derivatives and Hedging |  |  |
Fair Value |  |  | $ 7,300,000 us-gaap_InterestRateCashFlowHedgeLiabilityAtFairValue / us-gaap_DerivativeInstrumentRiskAxis = fsp_InterestRateSwap2013Member
BMO Interest Rate Swap | Cash flow hedges |  |  |
Financial Instruments: Derivatives and Hedging |  |  |
Term pursuant to interest rate swap agreement | 7 years |  |
Notional Value |  |  | 220,000,000 invest_DerivativeNotionalAmount / us-gaap_DerivativeInstrumentRiskAxis = fsp_InterestRateSwap2013Member / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_CashFlowHedgingMember
Strike Rate (as a percent) |  |  | 2.32%us-gaap_DerivativeFixedInterestRate / us-gaap_DerivativeInstrumentRiskAxis = fsp_InterestRateSwap2013Member / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_CashFlowHedgingMember
Fair Value |  |  | (7,268,000)us-gaap_InterestRateCashFlowHedgeDerivativeAtFairValueNet / us-gaap_DerivativeInstrumentRiskAxis = fsp_InterestRateSwap2013Member / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_CashFlowHedgingMember
BAML Interest Rate Swap |  |  |
Financial Instruments: Derivatives and Hedging |  |  |
Fair Value |  |  | 3,000,000 us-gaap_InterestRateCashFlowHedgeAssetAtFairValue / us-gaap_DerivativeInstrumentRiskAxis = fsp_InterestRateSwap2012Member
BAML Interest Rate Swap | Cash flow hedges |  |  |
Financial Instruments: Derivatives and Hedging |  |  |
Term pursuant to interest rate swap agreement |  | 5 years |
Notional Value |  |  | 400,000,000 invest_DerivativeNotionalAmount / us-gaap_DerivativeInstrumentRiskAxis = fsp_InterestRateSwap2012Member / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_CashFlowHedgingMember
Strike Rate (as a percent) |  |  | 0.75%us-gaap_DerivativeFixedInterestRate / us-gaap_DerivativeInstrumentRiskAxis = fsp_InterestRateSwap2012Member / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_CashFlowHedgingMember
Fair Value |  |  | 3,020,000 us-gaap_InterestRateCashFlowHedgeDerivativeAtFairValueNet / us-gaap_DerivativeInstrumentRiskAxis = fsp_InterestRateSwap2012Member / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_CashFlowHedgingMember
BMO and BAML Interest Rate Swaps | Cash flow hedges |  |  |
Financial Instruments: Derivatives and Hedging |  |  |
Unrealized gains or losses on derivative financial instruments in accumulated other comprehensive income |  |  | 7,500,000 us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax / us-gaap_DerivativeInstrumentRiskAxis = fsp_InterestRateSwap2013And2012CombinedMember / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_CashFlowHedgingMember
Interest reclassified from accumulated other comprehensive income into interest expense |  |  | 7,200,000 us-gaap_InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet / us-gaap_DerivativeInstrumentRiskAxis = fsp_InterestRateSwap2013And2012CombinedMember / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_CashFlowHedgingMember
Amount estimated to be reclassified into earnings within next 12 months |  |  | $ 200,000 us-gaap_InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet / us-gaap_DerivativeInstrumentRiskAxis = fsp_InterestRateSwap2013And2012CombinedMember / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_CashFlowHedgingMember

X
- Definition Aggregate notional amount specified by the derivative(s). Expressed as an absolute value. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 12 -Section 13 -Sentence Column B + Details
Name: | invest_DerivativeNotionalAmount
Namespace Prefix: | invest_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | instant

X
- Definition Fixed interest rate related to the interest rate derivative. + References No definition available. + Details
Name: | us-gaap_DerivativeFixedInterestRate
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Details
Name: | us-gaap_DerivativeLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Fair value as of the balance sheet date of all interest rate derivative assets designated as cash flow hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624163-113959 + Details
Name: | us-gaap_InterestRateCashFlowHedgeAssetAtFairValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value as of the balance sheet date of all interest rate derivatives designated as cash flow hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6945355&loc=d3e41228-113958 + Details
Name: | us-gaap_InterestRateCashFlowHedgeDerivativeAtFairValueNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The amount of net gains or losses on interest rate cash flow hedges reclassified during the period to earnings from accumulated other comprehensive income upon the hedged transaction affecting earnings. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624171-113959 + Details
Name: | us-gaap_InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The estimated net amount of unrealized gains or losses on interest rate cash flow hedges as of the balance sheet date expected to be reclassified to earnings within the next twelve months. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=35736893&loc=d3e80748-113994 + Details
Name: | us-gaap_InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Fair value as of the balance sheet date of all interest rate derivative liabilities designated as cash flow hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624163-113959 + Details
Name: | us-gaap_InterestRateCashFlowHedgeLiabilityAtFairValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Maximum period the entity is hedging its exposure to the variability in future cash flows for forecasted transactions, excluding those forecasted transactions related to the payment of variable interest on existing financial instruments, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=35736893&loc=d3e80748-113994 + Details
Name: | us-gaap_MaximumLengthOfTimeHedgedInInterestRateCashFlowHedge1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount after tax of reclassification adjustment from accumulated other comprehensive income of accumulated gain (loss) realized from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's deferred hedging gain (loss). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e637-108580 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e689-108580 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -Subparagraph c -URI http://asc.fasb.org/extlink&oid=35706170&loc=d3e41638-113959 + Details
Name: | us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=fsp_InterestRateSwap2012Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=fsp_InterestRateSwap2013And2012CombinedMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=fsp_InterestRateSwap2013Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |