XML 41 R27.htm IDEA: XBRL DOCUMENT v3.10.0.1

Federal Income Tax Reporting (Tables)

12 Months Ended

Dec. 31, 2018

Federal Income Tax Reporting

Schedule of income tax expense reflected in the condensed consolidated statements of income

		For the Year Ended December 31,
(Dollars in thousands)		2018			2017			2016
Revised Texas franchise tax		$	319		$	355		$	352
Other Taxes			41			45			66
Taxes on income		$	360		$	400		$	418

Schedule of reconciliation of book net income to taxable income

		For the year ended December 31,
(in thousands)		2018			2017			2016
Net income (loss) per books		$	13,069		$	(15,944)		$	8,378
Adjustments to book income (loss):
Book depreciation and amortization			93,675			100,227			92,557
Tax depreciation and amortization			(62,657)			(62,653)			(59,171)
Tax basis more than book basis on assets sold			—			(907)			(576)
Straight line rent adjustment, net			(1,350)			(2,977)			(2,976)
Deferred rent, net			210			1,226			2
Non-taxable distributions			(710)			(1,289)			(970)
Other, net			(6,651)			6,582			(1,648)
Taxable income			35,586			24,265			35,596
Less: Capital gains recognized			—			—			—
Taxable income subject to distribution requirement		$	35,586		$	24,265		$	35,596

Summary of tax components of Company's common distribution paid per share

		2018					2017					2016
		Per Share			%		Per Share			%		Per Share			%
Ordinary income		$	0.35		76.39	%	$	0.24		31.74	%	$	0.39		50.82	%
Capital gain			—		—	%		—		—	%		—		—	%
Return of capital			0.11		23.61	%		0.52		68.26	%		0.37		49.18	%
Total		$	0.46		100	%	$	0.76		100	%	$	0.76		100	%

X

- Definition

Tabular disclosure of income tax classification of the per share common stock dividend distributions into ordinary taxable distribution, long-term capital gain and return of capital.

+ References

No definition available.

+ Details

Name:	fsp_ScheduleOfIncomeTaxClassificationOfDividendDistributionsPerCommonStockTableTextBlock
Namespace Prefix:	fsp_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of reconciliation of book net income to taxable income.

+ References

No definition available.

+ Details

Name:	fsp_ScheduleOfReconciliationOfIncomeFromBookBasisToTaxBasisTableTextBlock
Namespace Prefix:	fsp_
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 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