XML 44 R32.htm IDEA: XBRL DOCUMENT
v3.19.2

Financial Instruments: Derivatives and Hedging (Details) - USD ($) $ in Thousands | 6 Months Ended |
--- | --- | ---
Jun. 30, 2019 | Nov. 30, 2021
Financial Instruments: Derivatives and Hedging |  |
Hedged amount of portion of the future LIBOR-based rate risk | $ 8,100 |
Interest reclassified from accumulated other comprehensive income into interest expense | 2,900 |
Amount estimated to be reclassified into earnings within next 12 months | 900 |
Cash flow hedges |  |
Financial Instruments: Derivatives and Hedging |  |
Unrealized gains or losses on derivative financial instruments in accumulated other comprehensive income | 18,300 |
JPM Term Loan |  |
Financial Instruments: Derivatives and Hedging |  |
Hedged amount of portion of the future LIBOR-based rate risk | 100,000 |
2017 Interest Rate Swap |  |
Financial Instruments: Derivatives and Hedging |  |
Fair Value | 4,600 |
2017 Interest Rate Swap | Cash flow hedges |  |
Financial Instruments: Derivatives and Hedging |  |
Notional Value | $ 400,000 |
Strike Rate (as a percent) | 1.12% |
Fair Value | $ 4,645 |
2013 BMO Interest Rate Swap | Cash flow hedges |  |
Financial Instruments: Derivatives and Hedging |  |
Notional Value | $ 220,000 |
Strike Rate (as a percent) | 2.32% |
Fair Value | $ (1,292) |
2019 JPM Interest Rate Swap | Cash flow hedges |  |
Financial Instruments: Derivatives and Hedging |  |
Notional Value | $ 100,000 |
Strike Rate (as a percent) | 2.44% |
Fair Value | $ (1,837) |
2019 BMO Interest Rate Swap | Cash flow hedges |  |
Financial Instruments: Derivatives and Hedging |  |
Notional Value | $ 220,000 |
Strike Rate (as a percent) | 2.39% |
Fair Value | $ (5,003) |
2019 BMO Interest Rate Swap | Cash flow hedges | Forecast |  |
Financial Instruments: Derivatives and Hedging |  |
Notional Value |  | $ 165,000

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
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DerivativeLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of liability hedged in fair value hedging relationship. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4EE -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL109999712-113959 + Details
Name: | us-gaap_HedgedLiabilityFairValueHedge
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 derivatives designated as cash flow hedging instruments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=117331979&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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=109980867&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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=112277219&loc=d3e80748-113994 + Details
Name: | us-gaap_InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -Subparagraph c -URI http://asc.fasb.org/extlink&oid=109980867&loc=d3e41638-113959 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 17A -URI http://asc.fasb.org/extlink&oid=118930883&loc=SL34724391-108580 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=118930883&loc=d3e689-108580 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=118930883&loc=d3e637-108580 + Details
Name: | us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_CashFlowHedgingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=fsp_JPMTermLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=fsp_InterestRateSwap2017Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=fsp_BmoInterestRateSwap2013Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=fsp_JpmInterestRateSwap2019Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=fsp_BmoInterestRateSwap2019Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementScenarioAxis=srt_ScenarioForecastMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |