Discontinued Operations and Assets Held For Sale

9 Months Ended

Sep. 30, 2018

Discontinued Operations And Disposal Groups [Abstract]

Discontinued Operations and Assets Held For Sale

NOTE 10. — DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE

We report as discontinued operations properties which met the criteria to be accounted for as held for sale in accordance with GAAP as of June 30, 2014, and certain properties disposed of during the periods presented that were previously classified as held for sale as of June 30, 2014. All results of these discontinued operations are included in a separate component of income on the consolidated statements of operations under the caption discontinued operations. At September 30, 2018, we classified two properties as held for sale on our consolidated balance sheet. We determined that the expected sale of these properties does not represent a strategic shift in our operations and, as a result, the results of operations for the two properties were reflected in our earnings from continuing operations for the nine months ended September 30, 2018.

Real estate held for sale consisted of the following at September 30, 2018 and December 31, 2017 (in thousands):

	September 30, 2018			December 31, 2017
Land	$	167		$	—
Buildings and improvements		209			—
		376			—
Accumulated depreciation and amortization		(16	)		—
Real estate held for sale, net	$	360		$	—

Activity from discontinued operations was as follows (in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2018			2017			2018			2017
Revenues from rental properties	$	—		$	—		$	—		$	—
Impairments		(103	)		(226	)		(821	)		(495	)
Changes in environmental estimates		30			105			335			2,906
Other operating income		—			3			—			11
Earnings (loss) from discontinued operations	$	(73	)	$	(118	)	$	(486	)	$	2,422