Schedule IV - Mortgage Loans on Real Estate
 12 Months Ended
Dec. 31, 2012
Mortgage Loans on Real Estate [Abstract]  
Schedule IV - Mortgage Loans on Real Estate
Mortgage Loans Receivable (1)
 
Description
 
Location
 
Interest Rate
 
Final Maturity Date
 
Periodic Payment Terms (2)
 
Prior Liens
 
Outstanding Face Amount of Mortgages
 
Carrying Amount of Mortgages (3)
Cracker Barrel Notes
 
Retail
 
(4)
 
9.84%
 
8/1/2020
 
P & I
 
None
 
$
38,969

 
$
41,529

KFC Notes
 
Retail
 
(5)
 
10.47%
 
10/1/2020
 
P & I
 
None
 
18,179

 
19,912

O’Reilly Notes
 
Retail
 
(6)
 
8.60-9.35%
 
1/1/2021
 
P & I
 
None
 
10,889

 
11,997

 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
68,037

 
$
73,438

(1) No individual mortgage loan exceeds three percent of the total of the carrying amount for all mortgage loans.
(2) P & I = Principal and interest payments.
(3) The aggregate cost for federal income tax purposes is $83.9 million.
(4) The Cracker Barrel Notes are secured by 23 restaurant properties located in 16 states.
(5) The KFC Notes are secured by 20 restaurant properties located in nine states.
(6) The O’Reilly Notes are secured by 26 commercial retail properties located in two states.
The following shows changes in the carrying amounts of mortgage loans receivable during the period (in thousands):
 
 
2012
 
2011
 
2010
Balance, beginning of period
 
$
76,745

 
$
79,778

 
$
82,500

Additions:
 
 
 
 
 
 
New mortgage loans
 
—

 
—

 
—

Premium on new mortgage loans and capitalized loan costs
 
—

 
—

 
—

Acquisition costs related to investment in mortgage notes receivable
 
—

 
—

 
—

Deductions:
 
 
 
 
 
 
Collections of principal
 
(2,585
)
 
(2,328
)
 
(2,035
)
Amortization of premium and capitalized loan costs
 
(722
)
 
(705
)
 
(687
)
Balance, end of period
 
$
73,438

 
$
76,745

 
$
79,778