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INCOME TAXES (Summary of Tax Effects and Temporary Differences Included in Net Deferred Tax Liabilities) (Details) - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Deferred tax assets:    
Operating and Strategic Development properties, primary differences in basis of assets and liabilities $ 83,263 $ 92,210
Interest deduction carryforwards 34,611 29,247
Operating loss and tax credit carryforwards 65,071 50,914
Total deferred tax assets 182,945 172,371
Valuation allowance (25,304) (17,271)
Total net deferred tax assets 157,641 155,100
Deferred tax liabilities:    
Property Associated with Master Planned Communities, primarily differences in the tax basis of land assets and treatment of interest and other costs (146,124) (157,181)
Operating and Strategic Development properties, primarily differences in basis of assets and liabilities (59,517) (60,430)
Deferred income (109,188) (98,339)
Total deferred tax liabilities (314,829) (315,950)
Net deferred tax liabilities $ (157,188) $ (160,850)