Gladstone Commercial Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Organization, Basis of Presentation and Significant Accounting Policies - Summary of Retrospective Adjustment and Overall Impact on Previously Reported Consolidated Financial Statements (Detail)

Organization, Basis of Presentation and Significant Accounting Policies - Summary of Retrospective Adjustment and Overall Impact on Previously Reported Consolidated Financial Statements (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
New Accounting Pronouncement, Early Adoption [Line Items]
Deferred financing costs, net		$ 0
Mortgage notes payable, net	$ 444,522	455,863
Borrowings under Line of Credit, net	46,772	44,591
Borrowings under Term Loan Facility, net	24,892	24,878
Series C mandatorily redeemable preferred stock, net	0	38,100
ASU 2015-03 [Member] \| As Previously Reported [Member]
New Accounting Pronouncement, Early Adoption [Line Items]
Deferred financing costs, net	$ 5,600	6,138
Mortgage notes payable, net		460,770
Borrowings under Line of Credit, net		45,300
Borrowings under Term Loan Facility, net		25,000
Series C mandatorily redeemable preferred stock, net		$ 38,500

- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

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- Definition

The carrying value as of the balance sheet date of the noncurrent portion of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details