Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Components of Income Tax Benefit (Provision)

The components of income tax (provision) benefit for the years ended December 31, 2014, 2013 and 2012 are comprised of the following:

	2014			2013			2012
Current:
Federal	$	(51	)	$	231		$	(5,210	)
State	(196		)	(264		)	(253		)
Foreign	—			—			(10		)
Deferred:
State	9			36			(49		)
	$	(238	)	$	3		$	(5,522	)

Deferred Tax Assets (Liabilities)

Deferred income taxes represent the tax effect of the temporary differences between the book and tax basis of assets and liabilities. Deferred tax assets (liabilities) include the following as of December 31, 2014 and 2013:

	2014			2013
Impairment of Real Estate	$	2,466		$	5,185
Foreign Net Operating Loss Carryforward	585			1,312
Valuation Allowance	(4,224		)	(5,357		)
Other	1,251			696
Total Deferred Tax Assets, Net of Allowance	$	78		$	1,836
Straight-line Rent	$	(90	)	$	(76	)
Fixed Assets	—			(1,771		)
Other	(112		)	(122		)
Total Deferred Tax Liabilities	$	(202	)	$	(1,969	)
Total Net Deferred Tax Liabilities	$	(124	)	$	(133	)

Effective Income Tax Rate Reconciliation

The income tax (provision) benefit pertaining to income (loss) from continuing operations and gain on sale of real estate of the taxable REIT subsidiaries differs from the amounts computed by applying the applicable federal statutory rate as follows for the years ended December 31, 2014, 2013 and 2012:

	2014			2013			2012
Tax (Provision) Benefit at Federal Rate Related to Continuing Operations	$	(532	)	$	286		$	557
State Tax Provision, Net of Federal Benefit	(214		)	(236		)	(244		)
Non-deductible Permanent Items, Net	1			21			32
IRS Audit Adjustment and Accrued Interest	—			58			(5,523		)
Change in Valuation Allowance	1,133			(388		)	(166		)
Foreign Taxes, Net	—			—			(10		)
Other	(626		)	262			(168		)
Net Income Tax (Provision) Benefit	$	(238	)	$	3		$	(5,522	)