Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

(Provision) Benefit for Income Taxes from Continuing Operations

The income tax (provision) benefit for continuing operations consists of the following (amounts in thousands):

	2016			2015			2014
CURRENT:
Federal	$	(1,788	)	$	(763	)	$	(2,071	)
State		(1,291	)		(1,229	)		(2,339	)
Total current provision		(3,079	)		(1,992	)		(4,410	)
DEFERRED:
Federal		321			8,866			2,588
State		(642	)		(248	)		3,289
Effect of federal tax law change		—			5,229			—
Total deferred (provision) benefit		(321	)		13,847			5,877
Total (provision) benefit for income taxes	$	(3,400	)	$	11,855		$	1,467

Summary of Taxability of Cash Distributions Paid on Common Shares

The estimated taxability of cash distributions to common shareholders is as follows (per common share):

	2016		2015		2014
Ordinary income	$	2.98	$	2.50	$	2.30
Capital gains		0.17		0.23		0.17
	$	3.15	$	2.73	$	2.47

Differences Between the Income Tax (Provision) Benefit Calculated at the Statutory U.S. Federal Income Tax Rate of 35% and the Actual Income Tax Benefit Recorded for Continuing Operations

The differences between the income tax provision calculated at the statutory U.S. federal income tax rate of 35% and the actual income tax (provision) benefit recorded for continuing operations are as follows (amounts in thousands):

	2016			2015			2014
Statutory federal income tax provision	$	(56,914	)	$	(34,774	)	$	(43,750	)
Adjustment for nontaxable income of the REIT		48,680			34,904			44,701
State taxes (net of federal tax benefit and change in state valuation allowance)		(1,933	)		(1,477	)		950
Permanent share-based compensation adjustment		1,571			—			—
Other permanent items		(200	)		(165	)		(160	)
Federal tax credits		—			—			112
Federal valuation allowance		5,519			8,271			(853	)
Effect of federal tax law change		—			5,229			—
Other		(123	)		(133	)		467
	$	(3,400	)	$	11,855		$	1,467

Components of Company's Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities at December 31 are as follows (amounts in thousands):

	2016			2015
DEFERRED TAX ASSETS:
Accounting reserves and accruals	$	20,979		$	21,174
Defined benefit plan		7,665			8,389
Deferred management rights proceeds		69,317			70,483
Federal and State net operating loss carryforwards		51,615			44,932
Tax credits and other carryforwards		819			569
Investment in joint ventures		584			—
Other assets		6,171			7,917
Total deferred tax assets		157,150			153,464
Valuation allowance		(88,653	)		(88,309	)
Total deferred tax assets, net of valuation allowance		68,497			65,155
DEFERRED TAX LIABILITIES:
Property and equipment, net		67,168			63,289
Goodwill and other intangibles		1,201			1,236
Other liabilities		1,597			1,793
Total deferred tax liabilities		69,966			66,318
Net deferred tax liabilities	$	1,469		$	1,163