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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2016
Income Tax Disclosure [Abstract]  
Schedule of tax treatment of distributions per common share
During the years ended December 31, 2016, 2015 and 2014, our tax treatment of distributions per common share was as follows:
 
2016
 
2015
 
2014
Tax treatment of distributions:
 
 
 
 
 
Ordinary income
$
2.68216

 
$
3.02368

 
$
2.61271

Qualified ordinary income
0.05794

 
0.01632

 
0.10474

Long-term capital gain
0.11613

 
—

 
0.16224

Unrecaptured Section 1250 gain
0.10877

 
—

 
0.08531

Distribution reported for 1099-DIV purposes
$
2.96500

 
$
3.04000

 
$
2.96500
Schedule of provision (benefit) for income taxes
Our consolidated benefit for income taxes for the years ended December 31, 2016, 2015 and 2014 was as follows:
 
2016
 
2015
 
2014
 
(In thousands)
Current - Federal
$
(2,991
)
 
$
138

 
$
878

Current - State
1,241

 
1,453

 
—

Deferred - Federal
(19,539
)
 
(25,962
)
 
(3,338
)
Deferred - State
(3,634
)
 
(3,054
)
 
(1,772
)
Current - Foreign
1,067

 
953

 
327

Deferred - Foreign
(7,487
)
 
(12,812
)
 
(4,827
)
Total
$
(31,343
)
 
$
(39,284
)
 
$
(8,732
)
Schedule of reconciliation of income tax expense
A reconciliation of income tax expense and benefit, which is computed by applying the federal corporate tax rate for the years ended December 31, 2016, 2015 and 2014, to the income tax benefit is as follows:
 
2016
 
2015
 
2014
 
(In thousands)
Tax at statutory rate on earnings from continuing operations before unconsolidated entities, noncontrolling interest and income taxes
$
181,478

 
$
123,086

 
$
122,746

State income taxes, net of federal benefit
(1,022
)
 
(657
)
 
(1,152
)
Increase in valuation allowance
3,921

 
20,978

 
23,122

(Decrease) increase in ASC 740 income tax liability
(3,582
)
 
(462
)
 
878

Tax at statutory rate on earnings not subject to federal income taxes
(209,204
)
 
(185,648
)
 
(151,055
)
Foreign rate differential and foreign taxes
2,094

 
3,095

 
3,230

Change in tax status of TRS
(5,629
)
 
—

 
(7,380
)
Other differences
601

 
324

 
879

Income tax benefit
$
(31,343
)
 
$
(39,284
)
 
$
(8,732
)
Summary of tax effects of temporary differences and carryforwards included in the net deferred tax liabilities
The tax effects of temporary differences and carryforwards (including the REIT carryforwards) included in the net deferred tax liabilities at December 31, 2016, 2015 and 2014 are summarized as follows:
 
2016
 
2015
 
2014
 
(In thousands)
Property, primarily differences in depreciation and amortization, the tax basis of land assets and the treatment of interests and certain costs
$
(409,803
)
 
$
(413,566
)
 
$
(406,023
)
Operating loss and interest deduction carryforwards
589,326

 
564,091

 
398,859

Expense accruals and other
18,185

 
14,624

 
15,355

Valuation allowance
(514,349
)
 
(503,531
)
 
(352,528
)
Net deferred tax liabilities
$
(316,641
)
 
$
(338,382
)
 
$
(344,337
)
Rollforward of valuation allowances
A rollforward of valuation allowances, for the years ended December 31, 2016, 2015 and 2014, is as follows:
 
2016
 
2015
 
2014
 
(In thousands)
Beginning Balance
$
503,531

 
$
352,528

 
$
331,458

Additions:
 
 
 
 
 
Purchase accounting
—

 
172,932

 
—

Expenses(1)
6,589

 
21,375

 
25,199

Subtractions:
 
 
 
 
 
Purchase accounting
(15,671
)
 
—

 
—

Deductions(1)
(2,668
)
 
(397
)
 
(2,077
)
State income tax, net of Federal impact
536

 
529

 
2,998

REIT activity(2)
22,840

 
(45,781
)
 
(3,583
)
Other activity (not resulting in expense or deduction)
(808
)
 
2,345

 
(1,467
)
Ending balance
$
514,349

 
$
503,531

 
$
352,528


(1) 
Generally, Expenses and Deductions are increases and decreases, respectively, in TRS valuation allowances, the latter being through utilization or release. Net amount equals increase in valuation allowance on reconciliation of income tax expense and benefit schedule above.
(2) 
Includes primarily the increase and decrease of REIT Federal income tax attributes due to utilization, expiration and adjustments other than purchase accounting.
Summary of activity related to unrecognized tax benefits
The following table summarizes the activity related to our unrecognized tax benefits:
 
2016
 
2015
 
(In thousands)
Balance as of January 1
$
24,135

 
$
25,446

Additions to tax positions related to the current year
—

 
—

Additions to tax positions related to prior years
222

 
248

Subtractions to tax positions related to prior years
—

 
(677
)
Subtractions to tax positions related to settlements
—

 
—

Subtractions to tax positions as a result of the lapse of the statute of limitations
(3,407
)
 
(882
)
Balance as of December 31
$
20,950

 
$
24,135