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Discontinued Operations
3 Months Ended
Mar. 31, 2014
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
Discontinued Operations
For the three months ended March 31, 2014, we disposed 11 centers, three in Georgia and two in each of Florida, Louisiana, North Carolina and Texas. As of March 31, 2014, we classified one property as held for sale that consisted of property and accumulated depreciation totaling $3.8 million and $2.3 million, respectively, which is located in Texas.
During 2013, we sold 20 centers, nine in Texas, three in each of Florida and North Carolina, two in New Mexico and one in each of California, Nevada and Tennessee. As of December 31, 2013, we classified as held for sale eight centers that consisted of property and accumulated depreciation totaling $155.0 million and $32.4 million, respectively, with three located in Georgia, two in each of Florida and Texas and one in North Carolina.
Excluding property held for sale at December 31, 2013, our Condensed Consolidated Balance Sheet at December 31, 2013 included $68.6 million of property and $13.2 million of accumulated depreciation related to the three centers that were sold during 2014, as well as one property classified as held for sale at March 31, 2014.
The operating results of these centers have been reclassified and reported as discontinued operations in the Condensed Consolidated Statements of Operations as follows (in thousands):
 
Three Months Ended
March 31,
 
2014
 
2013
Revenues, net
$
955

 
$
13,973

Depreciation and amortization
(260
)
 
(3,553
)
Operating expenses
(263
)
 
(2,344
)
Real estate taxes, net
(120
)
 
(1,603
)
Impairment loss

 
(236
)
General and administrative
(2
)
 
(3
)
Interest, net
(19
)
 
(2,513
)
Provision for income taxes
(12
)
 
(24
)
Operating income from discontinued operations
279

 
3,697

Gain on sale of property from discontinued operations
41,212

 

Income from discontinued operations
$
41,491

 
$
3,697