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Income Taxes (Tables)
 6 Months Ended
Jun. 30, 2014
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation
A reconciliation of the provision for income taxes with the amount computed by applying the statutory federal income tax rate to income before provision for income taxes for the periods presented is as follows (in thousands, except percentages):
 
Six Months Ended June 30,
 
2014
 
2013
Income from continuing operations before income taxes, net of amounts attributable to noncontrolling interests
$
160,097

 
 
 
$
53,651

 
 
Pre-tax income attributable to pass-through subsidiaries
(151,203
)
 
 
 
(62,144
)
 
 
Pre-tax income (loss) attributable to taxable subsidiaries
8,894

 
 

 
(8,493
)
 
 

Federal provision at statutory tax rate (35%)
3,113

 
35.0
%
 
(2,972
)
 
35.0
 %
State and local taxes, net of federal benefit
978

 
11.0
%
 
(157
)
 
1.8
 %
Recognition of deferred revenue as a result of the CPA®:16 Merger (a)
4,848

 
54.5
%
 
—

 
—
 %
Amortization of intangible assets
—

 
—
%
 
121

 
(1.4
)%
Interest
1,739

 
19.6
%
 
—

 
—
 %
Other
536

 
6.0
%
 
(1,120
)
 
13.2
 %
Tax provision — taxable subsidiaries
11,214

 
126.1
%
 
(4,128
)
 
48.6
 %
Deferred foreign tax benefit (b)
(6,427
)
 
 
 
—

 
 
Current foreign taxes
4,422

 
 
 
1,462

 
 
Other state and local taxes
1,084

 
 

 
325

 
 

Total provision (benefit)
$
10,293

 
 

 
$
(2,341
)
 
 

__________
(a)
Represents income tax expense due to a permanent difference from the recognition of deferred revenue as a result of the accelerated vesting of shares previously issued by CPA®:16 – Global for asset management and performance fees and the payment of deferred acquisition fees in connection with the CPA®:16 Merger.
(b)
Represents deferred tax benefit associated with basis differences on certain foreign properties acquired.