Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Effective Income Tax Reconciliation

		For the year ended December 31,
		2013		2012		2011
Statutory federal income tax provision	$	5,152	$	1,409	$	34
Adjustment for nontaxable loss		(7,472)		(623)		(6,170)
State income taxes, net of federal income tax effect		(1,317)		151		(1,146)
Recognition of deferred tax assets		(1,963)		-		-
Changes in valuation allowance		-		(4,292)		7,282
Total income tax benefit	$	(5,600)	$	(3,355)	$	-

Components Of The Company's Income Tax Expense (Benefit)

		For the year ended December 31,
		2013		2012		2011
Income tax expense (benefit):
Current:
Federal	$	-	$	-	$	-
State		-		229		-
Deferred:
Federal		(3,604)		(3,584)		-
State		(1,996)		-		-
Total	$	(5,600)	$	(3,355)	$	-
Income tax expense (benefit):
From continuing operations		(5,600)		(3,355)		-
From discontinued operations		190		-		-
Total	$	(5,410)	$	(3,355)	$	-

Components Of Consolidated TRS's Deferred Tax Assets

		As of December 31,
		2013		2012
Deferred tax assets:
Net operating loss carryforwards	$	8,605	$	4,234
Accrued expenses and other		685		(75)
Tax credit carryforwards		280		-
Net deferred tax assets		9,570		4,159
Valuation allowance		(804)		(804)
Deferred tax assets	$	8,766	$	3,355

Taxability Of Common And Preferred Share Distributions

	2013	2012	2011
Preferred Shares - 8% Series A
Ordinary income	100.00%	100.00%	100.00%
Return of Capital	0.00%	0.00%	0.00%
Capital Gain Distribution	0.00%	0.00%	0.00%
Preferred Shares - 8% Series B
Ordinary income	100.00%	100.00%	100.00%
Return of Capital	0.00%	0.00%	0.00%
Capital Gain Distribution	0.00%	0.00%	0.00%
Preferred Shares - 6.875% Series C
Ordinary income	100.00%	N/A	N/A
Return of Capital	0.00%	N/A	N/A
Capital Gain Distribution	0.00%	N/A	N/A
Common Shares - Class A
Ordinary income	45.15%	1.28%	73.30%
Return of Capital	54.85%	98.72%	26.70%
Capital Gain Distribution	0.00%	0.00%	0.00%