INCOME TAXES (Tables)

6 Months Ended

Jun. 30, 2015

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

The table below reconciles the U.S. statutory rate to the Company’s effective tax rate for each period presented:

	Three Months Ended June 30,
	2015					2014
Income tax (benefit) expense at federal statutory rate		($1,105	)	35.0	%		$6,153		35.0	%
REIT income and taxable losses	1,077			(34.1	)	(5,625		)	(32.0	)
Foreign operations	101			(3.2	)	(728		)	(4.1	)
Net operating loss valuation allowance	(216		)	6.9		—			—
Non-deductible real estate losses	—			—		590			3.4
Other	(153		)	4.8		119			0.6
Income tax (benefit) expense before discrete items		($296	)	9.4	%		$509		2.9	%
CBPC valuation allowance	—			—		15,574			88.7
Spin-off related costs	—			—		797			4.5
Deferred tax inventory valuations	—			—		(3,293		)	(18.7	)
Other	—			—		(31		)	(0.3	)
Income tax (benefit) expense as reported for continuing operations		($296	)	9.4	%		$13,556		77.1	%

	Six Months Ended June 30,
	2015					2014
Income tax expense at federal statutory rate		$5,093		35.0	%		$7,112		35.0	%
REIT income and taxable losses	(6,894		)	(47.4	)	(13,823		)	(69.3	)
Foreign operations	(645		)	(4.4	)	(841		)	(0.3	)
Net operating loss valuation allowance	1,386			9.5		—			—
Non-deductible real estate losses	—			—		681			1.2
Other	292			2.0		138			0.3
Income tax benefit before discrete items		($768	)	(5.3	)%		($6,733	)	(33.1	)%
CBPC valuation allowance	—			—		15,574			76.6
Spin-off related costs	—			—		797			3.9
Deferred tax inventory valuations	—			—		(3,293		)	(16.2	)
Other	—			—		(384		)	(1.9	)
Income tax (benefit) expense as reported for continuing operations		($768	)	(5.3	)%		$5,961		29.3	%