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Segment Information
 9 Months Ended
Sep. 30, 2012
Segment Reporting [Abstract]  
Segment Information
Segment Information
 
The Company measures performance and allocates resources according to property type, which is determined based on certain criteria such as type of tenants, capital requirements, economic risks, leasing terms, and short and long-term returns on capital. Rental income and tenant reimbursements from tenant leases provide the majority of revenues from all segments. Information on the Company’s reportable segments is presented as follows, restated for discontinued operations in all periods presented:

Three Months Ended
September 30, 2012
 
Malls
 
Associated
Centers
 
Community
Centers
 
All Other (2)
 
Total
Revenues
 
$
229,781

 
$
10,612

 
$
4,391

 
$
14,829

 
$
259,613

Property operating expenses (1)
 
(73,864
)
 
(2,664
)
 
(1,240
)
 
3,300

 
(74,468
)
Interest expense
 
(56,028
)
 
(2,077
)
 
(627
)
 
(3,701
)
 
(62,433
)
Other expense
 
—

 
—

 
—

 
(5,871
)
 
(5,871
)
Gain on sales of real estate assets
 
1,132

 
202

 
36

 
289

 
1,659

Segment profit
 
$
101,021

 
$
6,073

 
$
2,560

 
$
8,846

 
118,500

Depreciation and amortization expense
 
 

 
 

 
 

 
 

 
(67,186
)
General and administrative expense
 
 

 
 

 
 

 
 

 
(10,171
)
Interest and other income
 
 

 
 

 
 

 
 

 
822

Gain on extinguishment of debt
 
 
 
 
 
 
 
 
 
178

Loss on impairment of real estate
 
 
 
 
 
 
 
 
 
(21,654
)
Equity in earnings of unconsolidated affiliates
 
 

 
 

 
 

 
 

 
2,062

Income tax provision
 
 

 
 

 
 

 
 

 
(1,195
)
Income from continuing operations
 
 

 
 

 
 

 
 

 
$
21,356

Capital expenditures (3)
 
$
39,118

 
$
1,103

 
$
1,772

 
$
36,735

 
$
78,728



Three Months Ended
September 30, 2011
 
Malls
 
Associated
Centers
 
Community
Centers
 
All Other (2)
 
Total
Revenues
 
$
239,746

 
$
10,829

 
$
3,873

 
$
12,815

 
$
267,263

Property operating expenses (1)
 
(76,638
)
 
(2,743
)
 
(1,377
)
 
4,990

 
(75,768
)
Interest expense
 
(62,063
)
 
(2,296
)
 
(1,613
)
 
(4,161
)
 
(70,133
)
Other expense
 
—

 
—

 
—

 
(7,446
)
 
(7,446
)
Gain (loss) on sales of real estate assets
 
2,411

 
(7
)
 
486

 
—

 
2,890

Segment profit
 
$
103,456

 
$
5,783

 
$
1,369

 
$
6,198

 
116,806

Depreciation and amortization expense
 
 

 
 

 
 

 
 

 
(70,720
)
General and administrative expense
 
 

 
 

 
 

 
 

 
(10,092
)
Interest and other income
 
 

 
 

 
 

 
 

 
595

Equity in earnings of unconsolidated affiliates
 
 

 
 

 
 

 
 

 
989

Loss on impairment of real estate
 
 
 
 
 
 
 
 
 
(51,304
)
Income tax provision
 
 

 
 

 
 

 
 

 
(4,653
)
Loss from continuing operations
 
 

 
 

 
 

 
 

 
$
(18,379
)
Capital expenditures (3)
 
$
43,583

 
$
1,784

 
$
3,618

 
$
19,692

 
$
68,677


Nine Months Ended
September 30, 2012
 
Malls
 
Associated
Centers
 
Community
Centers
 
All Other (2)
 
Total
Revenues
 
$
678,676

 
$
31,453

 
$
12,314

 
$
40,831

 
$
763,274

Property operating expenses (1)
 
(219,798
)
 
(7,790
)
 
(4,932
)
 
12,345

 
(220,175
)
Interest expense
 
(163,387
)
 
(6,387
)
 
(1,947
)
 
(11,966
)
 
(183,687
)
Other expense
 
—

 
—

 
—

 
(19,188
)
 
(19,188
)
Gain on sales of real estate assets
 
1,132

 
202

 
133

 
286

 
1,753

Segment profit
 
$
296,623

 
$
17,478

 
$
5,568

 
$
22,308

 
341,977

Depreciation and amortization expense
 
 

 
 

 
 

 
 

 
(198,123
)
General and administrative expense
 
 

 
 

 
 

 
 

 
(35,964
)
Interest and other income
 
 

 
 

 
 

 
 

 
3,193

Gain on extinguishment of debt
 
 
 
 
 
 
 
 
 
178

Loss on impairment of real estate
 
 
 
 
 
 
 
 
 
(21,654
)
Equity in earnings of unconsolidated affiliates
 
 

 
 

 
 

 
 

 
5,401

Income tax provision
 
 

 
 

 
 

 
 

 
(1,234
)
Income from continuing operations
 
 

 
 

 
 

 
 

 
$
93,774

Total assets
 
$
6,226,745

 
$
303,534

 
$
240,724

 
$
119,313

 
$
6,890,316

Capital expenditures (3)
 
$
160,390

 
$
4,583

 
$
12,478

 
$
55,321

 
$
232,772



Nine Months Ended
September 30, 2011
 
Malls
 
Associated
Centers
 
Community
Centers
 
All Other (2)
 
Total
Revenues
 
$
710,570

 
$
32,506

 
$
11,451

 
$
38,921

 
$
793,448

Property operating expenses (1)
 
(232,337
)
 
(8,488
)
 
(2,775
)
 
15,102

 
(228,498
)
Interest expense
 
(179,890
)
 
(6,553
)
 
(4,827
)
 
(16,946
)
 
(208,216
)
Other expense
 
—

 
—

 
—

 
(22,795
)
 
(22,795
)
Gain on sales of real estate assets
 
2,415

 
310

 
865

 
12

 
3,602

Segment profit
 
$
300,758

 
$
17,775

 
$
4,714

 
$
14,294

 
337,541

Depreciation and amortization expense
 
 

 
 

 
 

 
 

 
(209,925
)
General and administrative expense
 
 

 
 

 
 

 
 

 
(33,133
)
Interest and other income
 
 

 
 

 
 

 
 

 
1,752

Gain on extinguishment of debt
 
 
 
 
 
 
 
 
 
581

Loss on impairment of real estate
 
 
 
 
 
 
 
 
 
(51,304
)
Equity in earnings of unconsolidated affiliates
 
 

 
 

 
 

 
 

 
4,222

Income tax benefit
 
 

 
 

 
 

 
 

 
1,770

Income from continuing operations
 
 

 
 

 
 

 
 

 
$
51,504

Total assets
 
$
6,434,775

 
$
323,248

 
$
295,703

 
$
368,769

 
$
7,422,495

Capital expenditures (3)
 
$
95,992

 
$
5,197

 
$
6,280

 
$
64,606

 
$
172,075


(1) Property operating expenses include property operating, real estate taxes and maintenance and repairs. 
(2) The All Other category includes mortgage and other notes receivable, office buildings, the Management Company and the Company’s subsidiary that provides security and maintenance services. 
(3) Amounts include acquisitions of real estate assets and investments in unconsolidated affiliates. Developments in progress are included in the All Other category.