Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Reconciliation of Net Income to Taxable Income

A reconciliation of net income available to the Company to estimated taxable income for 2015, 2014 and 2013 is detailed below:

	2015			2014			2013
Net income available to the Company	$	80,623		$	215,120		$	110,534
Add (subtract) net loss (income) of taxable REIT subsidiaries		(213	)		(4,088	)		(26,842	)
Adjusted net income available to the Company		80,410			211,032			83,692
Book/tax depreciation difference		584			(5,104	)		(3,770	)
Book/tax difference in gain/loss transactions		628			(44,839	)		(28,306	)
Book/tax difference on stock-based compensation		(3,373	)		(8,657	)		(1,810	)
Book/tax difference relating to change in tax regulations		(6,705	)		(49,808	)		—
Other book/tax differences, net		1,797			2,910			6,068
Taxable income of the Company before allocation of taxable    capital gains		73,341			105,534			55,874
Income taxable as capital gains		(2,100	)		(117,551	)		—
Taxable ordinary income (loss) of the Company	$	71,241		$	(12,017	)	$	55,874

Income Tax Characterization of Dividends

A summary of the income tax characterization of the Company’s dividends paid per common share is as follows for 2015, 2014 and 2013:

	2015					2014					2013
	Amount (1)		% (1)			Amount (1)		% (1)			Amount (1)		% (1)
Ordinary income	$	1.24		73.8	%	$	—	—%			$	1.15		99.4	%
Capital gains		0.18		10.7			0.83		55.8			0.01		0.6
Unrecaptured Section 1250 gains		0.26		15.5			0.66		44.2			—		—
Return of capital		—		—			—		—			—		—
Total	$	1.68		100.0	%	$	1.49		100.0	%	$	1.16		100.0	%

(1) The amounts and percentages detailed in the table above represent average amounts for the years presented. Actual quarterly amounts may differ.