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Assets Held for Sale, Net and Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]  
Net Carrying Value of Assets Held for Sale
The following table presents the net carrying value of the properties classified as held for sale (in thousands) as of December 31:
 
 
2015
Land and land improvements
 
$
5,673

Leasehold interests and improvements
 
27,184

Building and building improvements
 
6,352

Equipment, net
 
1,378

Other assets
 
25

Restricted cash
 
1,408

Accounts and other receivables
 
699

Total
 
$
42,719
Summary of Loss from Discontinued Operations
The following table is a summary of loss from discontinued operations for the years ended December 31, (in thousands):
 
 
2016
 
2015
 
2014
Revenues
 
$
3,838

 
$
65,796

 
$
178,887

Expenses
 
(3,189
)
 
(49,251
)
 
(115,773
)
Depreciation and amortization
 
—

 
—

 
(36,709
)
Impairment provision
 
—

 
(7,749
)
 
(37,867
)
Operating income (loss)
 
649

 
8,796

 
(11,462
)
Net gain from sale of real estate
 
9,687

 
200,243

 
4,144

Loss on extinguishment of debt (1)
 
(308
)
 
(2,042
)
 
(4,818
)
Gain on insurance and retirements
 
(412
)
 
2,816

 
4,791

Other income (expense) (2)
 
75

 
(5,142
)
 
(24,361
)
Income (loss) from discontinued operations
 
$
9,691

 
$
204,671

 
$
(31,706
)
 
 
FOOTNOTES:
(1)
During the year ended December 31, 2016, the Company recorded loss on extinguishment of debt from the sale of its five remaining marina properties. During the year ended December 31, 2015, the Company recorded loss on extinguishment of debt from the sale of the 38 senior housing properties. During the year ended December 31, 2014, the Company recorded loss on extinguishment of debt from the sale of its 48 golf properties and its multi-family residential property.
(2)
Amounts include amortization of loss and loss on termination of cash flow hedge of approximately $3.0 million for the year ended December 31, 2014. There was no amortization of loss and loss on termination of cash flow hedge for the years ended December 31, 2016 and 2015.