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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2018
Income Tax Disclosure [Abstract]  
Schedule of tax treatment of distributions per common share During the years ended December 31, 2018, 2017 and 2016, our tax treatment of distributions per common share was as follows:
 
2018
 
2017
 
2016
Tax treatment of distributions:
 
 
 
 
 
Ordinary income
$
—

 
$
1.02814

 
$
2.68216

Qualified ordinary income
0.00375

 
0.00337

 
0.05794

199A qualified business income
2.97465

 
—

 
—

Long-term capital gain
0.05916

 
1.07836

 
0.11613

Unrecaptured Section 1250 gain
0.12244

 
0.21513

 
0.10877

Distribution reported for 1099-DIV purposes
3.16000

 
2.32500

 
2.96500

Add: Dividend declared in current year and taxable in following year
0.79250

 
0.79000

 
—

Less: Dividend declared in prior year and taxable in current year
(0.79000
)
 
—

 
—

Distribution declared per common share outstanding
$
3.16250

 
$
3.11500

 
$
2.96500
Schedule of provision (benefit) for income taxes Our consolidated benefit for income taxes for the years ended December 31, 2018, 2017 and 2016 was as follows:
 
2018
 
2017
 
2016
 
(In thousands)
Current - Federal
$
(2,953
)
 
$
(5,672
)
 
$
(2,991
)
Current - State
1,332

 
1,119

 
1,241

Deferred - Federal
(32,492
)
 
(54,396
)
 
(19,539
)
Deferred - State
(825
)
 
3,237

 
(3,634
)
Current - Foreign
1,892

 
2,307

 
1,067

Deferred - Foreign
(6,907
)
 
(6,394
)
 
(7,487
)
Total
$
(39,953
)
 
$
(59,799
)
 
$
(31,343
)
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, 2018, 2017 and 2016, to the income tax benefit is as follows:
 
2018
 
2017
 
2016
 
(In thousands)
Tax at statutory rate on earnings from continuing operations before unconsolidated entities, noncontrolling interest and income taxes
$
80,811

 
$
204,742

 
$
181,478

State income taxes, net of federal benefit
(253
)
 
(1,115
)
 
(1,022
)
Change in valuation allowance from ordinary operations
(5,451
)
 
8,237

 
3,921

Decrease in ASC 740 income tax liability
(4,347
)
 
(4,750
)
 
(3,582
)
Tax at statutory rate on earnings not subject to federal income taxes
(89,947
)
 
(231,379
)
 
(209,204
)
Foreign rate differential and foreign taxes
1,924

 
6,407

 
2,094

Change in tax status of TRS
359

 
(690
)
 
(5,629
)
Effect of the 2017 Tax Act
(23,160
)
 
(41,212
)
 
—

Other differences
111

 
(39
)
 
601

Income tax benefit
$
(39,953
)
 
$
(59,799
)
 
$
(31,343
)
Summary of tax effects of temporary differences and carryforwards included in the net deferred tax liabilities The tax effects of temporary differences and carryforwards included in the net deferred tax liabilities at December 31, 2018, 2017 and 2016 are summarized as follows:
 
2018
 
2017
 
2016
 
(In thousands)
Property, primarily differences in depreciation and amortization, the tax basis of land assets and the treatment of interests and certain costs
$
(269,758
)
 
$
(300,395
)
 
$
(409,803
)
Operating loss and interest deduction carryforwards
133,243

 
146,732

 
195,415

Expense accruals and other
11,910

 
12,890

 
18,185

Valuation allowance
(80,614
)
 
(109,319
)
 
(120,438
)
Net deferred tax liabilities
$
(205,219
)
 
$
(250,092
)
 
$
(316,641
)


We established beginning net deferred tax assets and liabilities related to temporary differences between the financial reporting and the tax bases of assets acquired and liabilities assumed (primarily property, intangible and related assets, net of NOL carryforwards), for the years ended December 31, 2018, 2017, and 2016, in connection with the following acquisitions:
 
2018
 
2017
 
2016
 
(In thousands)
2016 Research and Innovation Acquisition
$
—

 
$
19,262

 
$
(9,446
)
2017 miscellaneous acquisitions
(922
)
 
(4,510
)
 
—

Established beginning deferred tax assets or liabilities
$
(922
)
 
$
14,752

 
$
(9,446
)
Rollforward of valuation allowances A rollforward of valuation allowances, for the years ended December 31, 2018, 2017 and 2016, is as follows:
 
2018
 
2017
 
2016
 
(In thousands)
Beginning Balance
$
109,319

 
$
120,438

 
$
120,015

Additions:
 
 
 
 
 
Expenses(1)
4,547

 
9,277

 
6,589

Subtractions:
 
 
 
 
 
Deductions(1)
(9,998
)
 
(1,040
)
 
(2,668
)
Effect of the 2017 Tax Act
(23,160
)
 
(21,321
)
 
—

State income tax, net of federal impact
(718
)
 
956

 
536

Other activity (not resulting in expense or deduction)
624

 
1,009

 
(4,034
)
Ending balance
$
80,614

 
$
109,319

 
$
120,438



(1) 
Generally, Expenses and Deductions are increases and decreases, respectively, in TRS valuation allowances, the latter being through utilization or release. The net amount equals the increase in valuation allowance on the reconciliation of income tax expense and benefit schedule above.
Summary of activity related to unrecognized tax benefits The following table summarizes the activity related to our unrecognized tax benefits:
 
2018
 
2017
 
(In thousands)
Balance as of January 1
$
16,765

 
$
20,950

Additions to tax positions related to prior years
207

 
648

Subtractions to tax positions related to prior years
(1,720
)
 
(497
)
Subtractions to tax positions as a result of the lapse of the statute of limitations
(2,908
)
 
(4,336
)
Balance as of December 31
$
12,344

 
$
16,765