Income Taxes and Distributions (Tables)

12 Months Ended

Dec. 31, 2015

Income Taxes and Distributions (Tables) [Abstract]

Cash distributions paid to common stockholders, for federal income tax purposes

Cash distributions paid to common stockholders, for federal income tax purposes, are as follows

			Year Ended December 31,
			2015		2014		2013
Per Share:
	Ordinary income	$	1.9134	$	1.7861	$	1.4928
	Qualified dividend		0.0529		-		-
	Return of capital		0.0503		0.8368		1.4176
	Long-term capital gains		0.9352		0.1638		0.0448
	Unrecaptured section 1250 gains		0.3482		0.3933		0.1048
	Totals	$	3.3000	$	3.1800	$	3.0600

Schedule of provision (benefit) for income taxes

		Year Ended December 31,
		2015		2014		2013
Current	$	10,177	$	2,672	$	12,389
Deferred		(3,726)		(3,939)		(4,898)
Totals	$	6,451	$	(1,267)	$	7,491

Schedule of reconciliation of income tax expense

		Year Ended December 31,
		2015		2014		2013
Tax at statutory rate on earnings from continuing operations before unconsolidated entities, noncontrolling interests and income taxes	$	313,250	$	178,862	$	51,020
Increase / (decrease) in valuation allowance(1)		13,759		9,133		18,444
Tax at statutory rate on earnings not subject to federal income taxes		(319,832)		(189,070)		(88,762)
Foreign permanent depreciation		7,500		4,383		22,313
Other differences		(8,226)		(4,575)		4,476
Totals	$	6,451	$	(1,267)	$	7,491
(1) Excluding purchase price accounting.

Summary of tax effects of temporary differences and carryforwards included in the net deferred tax liabilities

		Year Ended December 31,
		2015		2014		2013
Investments and property, primarily differences in investment basis, depreciation and amortization, the basis of land assets and the treatment of interests and certain costs	$	(30,564)	$	(1,020)	$	(34,236)
Operating loss and interest deduction carryforwards		75,455		47,528		67,215
Expense accruals and other		6,259		26,191		19,309
Valuation allowance		(98,966)		(85,207)		(71,955)
Totals	$	(47,816)	$	(12,508)	$	(19,667)

Schedule of Valuation Allowance Rollforward

		Year Ended December 31,
		2015		2014		2013
Beginning balance	$	85,207	$	71,955	$	12,199
Additions:
Purchase price accounting		-		4,119		41,312
Expense		13,759		9,133		18,444
Ending balance	$	98,966	$	85,207	$	71,955