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INCOME TAXES (Tables)
 3 Months Ended
Mar. 31, 2016
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation
The table below reconciles the U.S. statutory rate to the Company’s effective tax rate for each period presented:
 
Three Months Ended March 31,
 
2016
 
2015
Income tax expense at federal statutory rate

($4,997
)
 
35.0
 %
 

($6,198
)
 
35.0
 %
U.S. and foreign REIT income & U.S. TRS taxable losses
4,360

 
(30.6
)
 
7,502

 
(42.4
)
Foreign TRS operations
117

 
(0.8
)
 
1,137

 
(6.4
)
U.S. net deferred tax asset valuation allowance
(452
)
 
3.2

 
(1,812
)
 
10.2

Other
(80
)
 
0.6

 
(158
)
 
0.9

Income tax (expense) benefit before discrete items

($1,052
)
 
7.4
 %
 

$471

 
(2.7
)%
Tax benefit recognized related to changes in the New Zealand JV deferred tax inventory
1,833

 
(12.9
)
 
—

 
—

Income tax benefit as reported

$781

 
(5.5
)%
 

$471

 
(2.7
)%