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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2019
Income Tax Disclosure [Abstract]  
Effective Income Tax Reconciliation
The provision for income taxes differs from the amount of income tax determined by applying the applicable statutory federal income tax rate (21% for 2019 and 2018 and 34% for 2017) to pretax income from continuing operations as a result of the following differences:

For the year ended December 31,

2019
 
2018
 
2017
Statutory federal income tax provision
$
(1,208
)
 
$
1,813

 
$
37,469

Adjustment for nontaxable income for Hersha Hospitality Trust 
1,419

 
(1,269
)
 
(37,670
)
Remeasurement of net deferred tax asset - Tax Cuts & Jobs Act
—

 
—

 
4,601

State income taxes, net of federal income tax effect
456

 
32

 
338

Non-deductible expenses, tax credits, and other, net
(575
)
 
(309
)
 
524


 
 
 
 
 
Total income tax expense (benefit)
$
92

 
$
267

 
$
5,262
Components Of The Company's Income Tax Expense (Benefit)
The components of the Company’s income tax expense (benefit) from continuing operations for the years ended December 31, 2019, 2018 and 2017 were as follows:

For the year ended December 31,

2019
 
2018
 
2017
Income tax expense (benefit):
 
 
 
 
 
Current:
 
 
 
 
 
Federal
$
(60
)
 
$
(119
)
 
$
—

State
464

 
530

 
—

Deferred:
 
 
 
 
 
Federal
(302
)
 
467

 
4,750

State
(10
)
 
(611
)
 
512

Total
$
92

 
$
267

 
$
5,262
Components Of Consolidated TRS's Deferred Tax Assets
The components of consolidated TRS’s net deferred tax asset as of December 31, 2019 and 2018 were as follows:

As of December 31,

2019
 
2018
Deferred tax assets:
 
 
 
Net operating loss carryforwards
$
9,871

 
$
9,700

Accrued expenses and other
1,641

 
1,644

Tax credit carryforwards
415

 
475

Total gross deferred tax assets
11,927

 
11,819

Valuation allowance
(497
)
 
(497
)
Total net deferred tax assets
$
11,430

 
$
11,322

Deferred tax liabilities:
 
 
 
Depreciation and amortization
40

 
244

Total Net deferred tax assets
$
11,390

 
$
11,078
Taxability Of Common And Preferred Share Distributions The following table sets forth certain per share information regarding the Company’s common and preferred share distributions for the years ended December 31, 2019, 2018 and 2017.

2019
 
2018
 
2017
Preferred Shares - 6.875% Series C
 
 
 
 
 
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 - 6.5% Series D
 
 
 
 
 
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 - 6.5% Series E
 
 
 
 
 
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
%
Common Shares - Class A
 
 
 
 
 
Ordinary income
33.03
%
 
37.91
%
 
70.95
%
Return of Capital
66.97
%
 
62.09
%
 
29.05
%
Capital Gain Distribution
0.00
%
 
0.00
%
 
0.00
%