XML 20 R48.htm IDEA: XBRL DOCUMENT v2.4.0.8
Income Taxes (Details) (USD $)
3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Y
Dec. 31, 2011
Dec. 31, 2010
May 18, 2011
Income Tax Disclosure [Abstract]                        
REIT annual taxable income distribution requirement (in hundredths)                 90.00%      
Number of subsequent taxable years disqualification                 4      
Net operating loss carryforwards $ 160,700,000               $ 160,700,000      
Reconciliation of GAAP net income (loss) to taxable income loss [Abstract]                        
GAAP net loss (49,002,000) 2,129,000 2,773,000 4,705,000 (57,051,000) (53,027,000) (12,230,000) (4,595,000) (39,395,000) (126,903,000) (2,618,000)  
Taxable Real Estate Subsidiary Net Income                 46,765,000 (9,248,000) 0  
Net Income Loss Excluding Net Income From Taxable Real Estate Investment Trust Subsidiary                 7,370,000 [1] (136,151,000) [1] (2,618,000) [1]  
GAAP to tax adjustments [Abstract]                        
Depreciation and amortization                 11,035,000 13,969,000 12,784,000  
Gains and losses from capital transactions                 (109,444,000) 53,699,000 (108,000)  
Share-based compensation expense                 420,000 1,341,000 1,319,000  
Deferred compensation distributions                 (224,000) (1,902,000) (687,000)  
Amortization of mortgage loan discount                 30,000 (335,000) (772,000)  
Allowance for doubtful accounts                 (792,000) (761,000) 282,000  
Vesting of restricted shares and dividends                 (274,000) (1,175,000) (4,521,000)  
Deferred revenue                 (578,000) (2,525,000) 3,242,000  
Capitalizable acquisition costs                 2,078,000 11,213,000 240,000  
Straight line rent                 (2,815,000) (2,169,000) (142,000)  
Interest expense                 0 2,338,000 0  
Income Tax Reconciliation, Nontaxable Dividend Income                 (3,346,000) (1,986,000) 0  
Other differences                 215,000 192,000 (19,000)  
Taxable income (loss) before adjustments                 (96,325,000) (64,252,000) 9,000,000  
Less: NOL carry forward                 0 0 0  
Adjusted taxable income subject to 90% dividend requirement                 0 0 9,000,000  
Current [Abstract]                        
Federal                 914,000 420,000 1,000  
State                 202,000 66,000 1,000  
Total Current                 1,116,000 486,000 2,000  
Deferred [Abstract]                        
Federal                 (722,000) (363,000) 0  
State                 (133,000) (67,000) 0  
Total Deferred                 (855,000) (430,000) 0  
Total income tax expense 118,000 (7,000) (11,000) 161,000 6,000 (174,000) 224,000 0 261,000 56,000 2,000  
Tax benefit associated with non-cash impairment loss on management contracts and goodwill                 11,400,000      
Consolidated income (loss) subject to tax                 41,800,000 12,500,000    
Reconciliation of income tax amount attributable to continuing operations [Abstract]                        
Tax at U.S. statutory rates on consolidated income(loss) subject to tax                 150,000 4,268,000    
State income tax, net of federal tax benefit                 40,000 0    
Effect of permanent differences                 37,000 (3,310,000)    
Excess tax basis of capitalizable transaction costs                 0 (902,000)    
Other                 34,000 0    
Total income tax expense 118,000 (7,000) (11,000) 161,000 6,000 (174,000) 224,000 0 261,000 56,000 2,000  
Reconciliation of income tax rate attributable to continuing operations [Abstract]                        
Tax at U.S. statutory rates on consolidated income(loss) subject to tax (in hundredths)                 34.00% 34.00%    
State income tax, net of federal tax benefit (in hundredths)                 9.00% 0.00%    
Effect of permanent differences (in hundredths)                 8.50% (26.30%)    
Excess tax basis of capitalizable transaction costs (in hundredths)                 0.00% (7.20%)    
Other (in hundredths)                 7.40% 0.00%    
Total income tax expense (benefit) (in hundredths)                 58.90% 0.50%    
Deferred tax liabilities of acquired assets and liabilities 2,000,000               2,000,000     14,800,000
Net deferred tax liabilities 2,000,000       14,300,000       2,000,000 14,300,000    
Threshold for likelihood of tax benefit being realized (in hundredths)                 50.00%      
Reconciliation of cash dividends paid to dividends paid deduction [Abstract]                        
Cash dividends paid common stock                 26,306,000 16,472,000 13,197,000  
Less: Dividends on deferred compensation plan shares                 (3,000) (3,000) (17,000)  
Less: Dividends absorbed by current earnings and profits                 0 0 (4,035,000)  
Less: Return of capital                 (26,303,000) (16,469,000) (145,000)  
Dividends paid deduction                 $ 0 $ 0 $ 9,000,000  
Income tax treatment for dividends to stockholders [Abstract]                        
Ordinary income (in dollars per share)                 $ 0.000 $ 0.00 $ 0.23  
Unrecaptured Section 1250 gain (in dollars per share)                 $ 0.000 $ 0.00 $ 0.06  
Return of capital (in dollars per share)                 $ 0.375 $ 0.30 $ 0.01  
Distributions paid per common share (in dollars per share)                 $ 0.375 $ 0.30 $ 0.30  
Ordinary income (in hundredths)                 0.00% 0.00% 76.70%  
Unrecaptured Section 1250 gain (in hundredths)                 0.00% 0.00% 20.00%  
Return of capital (in hundredths)                 100.00% 100.00% 3.30%  
Distributions per share, cash paid percentage (in hundredths)                 100.00% 100.00% 100.00%  
[1] GAAP net income (loss) from REIT operations is net of amounts attributable to noncontrolling interests.