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Segment Information
 6 Months Ended
Jun. 30, 2013
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
June 30, 2013
 
Malls
 
Associated
Centers
 
Community
Centers
 
All Other (1)
 
Total
Revenues
 
$
225,741

 
$
11,348

 
$
4,226

 
$
21,122

 
$
262,437

Property operating expenses (2)
 
(71,038
)
 
(2,634
)
 
(883
)
 
3,672

 
(70,883
)
Interest expense
 
(51,459
)
 
(2,047
)
 
(544
)
 
(3,155
)
 
(57,205
)
Other expense
 
—

 
—

 
—

 
(8,190
)
 
(8,190
)
Gain on sale of real estate assets
 
—

 
—

 
—

 
457

 
457

Segment profit
 
$
103,244

 
$
6,667

 
$
2,799

 
$
13,906

 
126,616

Depreciation and amortization expense
 
 

 
 

 
 

 
 

 
(70,515
)
General and administrative expense
 
 

 
 

 
 

 
 

 
(12,875
)
Interest and other income
 
 

 
 

 
 

 
 

 
661

Loss on extinguishment of debt
 
 
 
 
 
 
 
 
 
(9,108
)
Loss on impairment
 
 
 
 
 
 
 
 
 
(21,038
)
Gain on investment
 
 
 
 
 
 
 
 
 
2,400

Equity in earnings of unconsolidated affiliates
 
 

 
 

 
 

 
 

 
2,729

Income tax provision
 
 

 
 

 
 

 
 

 
(757
)
Income from continuing operations
 
 

 
 

 
 

 
 

 
$
18,113

Capital expenditures (3)
 
$
82,610

 
$
6,460

 
$
1,414

 
$
44,314

 
$
134,798



Three Months Ended
June 30, 2012
 
Malls
 
Associated
Centers
 
Community
Centers
 
All Other (1)
 
Total
Revenues
 
$
227,579

 
$
10,600

 
$
2,715

 
$
10,950

 
$
251,844

Property operating expenses (2)
 
(71,539
)
 
(2,598
)
 
(1,702
)
 
4,103

 
(71,736
)
Interest expense
 
(54,830
)
 
(2,115
)
 
(629
)
 
(3,826
)
 
(61,400
)
Other expense
 
—

 
—

 
—

 
(6,559
)
 
(6,559
)
Segment profit
 
$
101,210

 
$
5,887

 
$
384

 
$
4,668

 
112,149

Depreciation and amortization expense
 
 

 
 

 
 

 
 

 
(67,156
)
General and administrative expense
 
 

 
 

 
 

 
 

 
(11,993
)
Interest and other income
 
 

 
 

 
 

 
 

 
1,295

Equity in earnings of unconsolidated affiliates
 
 

 
 

 
 

 
 

 
2,073

Income tax provision
 
 

 
 

 
 

 
 

 
(267
)
Income from continuing operations
 
 

 
 

 
 

 
 

 
$
36,101

Capital expenditures (3)
 
$
98,694

 
$
1,940

 
$
3,042

 
$
14,880

 
$
118,556


Six Months Ended
June 30, 2013
 
Malls
 
Associated
Centers
 
Community
Centers
 
All Other (1)
 
Total
Revenues
 
$
464,352

 
$
22,431

 
$
7,885

 
$
33,746

 
$
528,414

Property operating expenses (2)
 
(152,004
)
 
(5,431
)
 
(1,417
)
 
9,158

 
(149,694
)
Interest expense
 
(104,396
)
 
(4,093
)
 
(1,121
)
 
(7,423
)
 
(117,033
)
Other expense
 
—

 
—

 
—

 
(14,846
)
 
(14,846
)
Gain on sale of real estate assets
 
295

 
—

 
—

 
705

 
1,000

Segment profit
 
$
208,247

 
$
12,907

 
$
5,347

 
$
21,340

 
247,841

Depreciation and amortization expense
 
 

 
 

 
 

 
 

 
(142,070
)
General and administrative expense
 
 

 
 

 
 

 
 

 
(26,299
)
Interest and other income
 
 

 
 

 
 

 
 

 
1,388

Loss on extinguishment of debt
 
 
 
 
 
 
 
 
 
(9,108
)
Equity in earnings of unconsolidated affiliates
 
 

 
 

 
 

 
 

 
5,348

Loss on impairment
 
 
 
 
 
 
 
 
 
(21,038
)
Gain on investment
 
 
 
 
 
 
 
 
 
2,400

Income tax provision
 
 

 
 

 
 

 
 

 
(583
)
Income from continuing operations
 
 

 
 

 
 

 
 

 
$
57,879

Total assets
 
$
6,021,614

 
$
290,856

 
$
243,642

 
$
478,531

 
$
7,034,643

Capital expenditures (3)
 
$
102,167

 
$
7,466

 
$
2,598

 
$
84,376

 
$
196,607



Six Months Ended
June 30, 2012
 
Malls
 
Associated
Centers
 
Community
Centers
 
All Other (1)
 
Total
Revenues
 
$
448,892

 
$
20,841

 
$
5,543

 
$
23,037

 
$
498,313

Property operating expenses (2)
 
(145,934
)
 
(5,126
)
 
(2,502
)
 
9,875

 
(143,687
)
Interest expense
 
(107,358
)
 
(4,310
)
 
(1,298
)
 
(8,265
)
 
(121,231
)
Other expense
 
—

 
—

 
—

 
(13,317
)
 
(13,317
)
Gain (loss) on sale of real estate assets
 
—

 
—

 
97

 
(3
)
 
94

Segment profit
 
$
195,600

 
$
11,405

 
$
1,840

 
$
11,327

 
220,172

Depreciation and amortization expense
 
 

 
 

 
 

 
 

 
(129,414
)
General and administrative expense
 
 

 
 

 
 

 
 

 
(25,793
)
Interest and other income
 
 

 
 

 
 

 
 

 
2,370

Equity in earnings of unconsolidated affiliates
 
 

 
 

 
 

 
 

 
3,339

Income tax provision
 
 

 
 

 
 

 
 

 
(39
)
Income from continuing operations
 
 

 
 

 
 

 
 

 
$
70,635

Total assets
 
$
6,228,312

 
$
303,899

 
$
240,850

 
$
140,550

 
$
6,913,611

Capital expenditures (3)
 
$
121,272

 
$
3,480

 
$
10,706

 
$
18,586

 
$
154,044


(1) 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. 
(2) Property operating expenses include property operating, real estate taxes and maintenance and repairs. 
(3) Amounts include acquisitions of real estate assets and investments in unconsolidated affiliates. Developments in progress are included in the All Other category.