Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of Common Stock Distribution

Following is the characterization of our annual common stock distributions per share:

	Year Ended December 31,
	2017		2016			2015
Ordinary dividends	$	1.4800	$	1.5561		$	2.1184
Capital gain dividends	—		—			0.0316
Nondividend distributions	—		6.7089			0.1100
	$	1.4800	$	8.2650	(1)	$	2.2600

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(1) Consists of $2.095 per common share of quarterly cash dividends and $6.17 per common share of stock dividends related to the Spin-Off (see Note 5).

Schedule of Income Tax Expense (Benefit) from continuing operations

The total income tax expense (benefit) from continuing operations consists of the following components (in thousands):

	Year Ended December 31,
	2017			2016			2015
Current
Federal	$	949		$	8,525		$	4,948
State	1,504			8,307			1,988
Foreign	1,737			1,332			828
Total current	$	4,190		$	18,164		$	7,764
Deferred
Federal	$	2,730		$	(10,241	)	$	(11,317	)
State	(5,889		)	(1,401		)	(1,382		)
Foreign	(2,364		)	(2,049		)	(4,872		)
Total deferred	$	(5,523	)	$	(13,691	)	$	(17,571	)
Total income tax expense (benefit)	$	(1,333	)	$	4,473		$	(9,807	)

Reconciliation of income tax expense at statutory rates to the actual income tax expense recorded

The following table reconciles the income tax expense (benefit) from continuing operations at statutory rates to the actual income tax expense recorded (in thousands):

	Year Ended December 31,
	2017			2016			2015
Tax benefit at U.S. federal statutory income tax rate on income or loss subject to tax	$	(21,085	)	$	(4,581	)	$	(12,630	)
State income tax expense, net of federal tax	(1,222		)	6,081			(606		)
Gross receipts and margin taxes	1,716			1,847			1,383
Foreign rate differential	632			647			2,269
Effect of permanent differences	6			(280		)	(298		)
Return to provision adjustments	1,597			287			(368		)
Re-measurement of deferred tax assets and liabilities	17,080			—			—
Increase (decrease) in valuation allowance	(57		)	472			443
Total income tax expense (benefit)	$	(1,333	)	$	4,473		$	(9,807	)

Schedule of significant components of the company's deferred tax asset and liabilities

The following table summarizes the significant components of the Company’s deferred tax assets and liabilities from continuing operations (in thousands):

	December 31,
	2017			2016			2015
Property, primarily differences in depreciation and amortization, the basis of land, and the treatment of interest and certain costs	$	31,691		$	28,940		$	19,862
Net operating loss carryforward	10,720			8,784			3,703
Expense accruals and other	229			(847		)	(753		)
Valuation allowance	(548		)	(606		)	(531		)
Net deferred tax assets	$	42,092		$	36,271		$	22,281