Income Taxes and Distributions (Tables)

12 Months Ended

Dec. 31, 2017

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,
			2017		2016		2015
Per Share:
	Ordinary income	$	1.8117	$	2.5067	$	1.9134
	Qualified dividend*		0.0038		0.0047		0.0529
	Return of capital		0.0929		0.0573		0.0503
	Long-term capital gains		1.5750		0.4593		0.9352
	Unrecaptured section 1250 gains*		0.3557		0.4120		0.3482
	Totals	$	3.4800	$	3.4400	$	3.3000
	*Informational purposes only

Schedule of provision (benefit) for income taxes

		Year Ended December 31,
		2017		2016		2015
Current	$	7,633	$	14,944	$	10,177
Deferred		12,495		(34,072)		(3,726)
Totals	$	20,128	$	(19,128)	$	6,451

Schedule of reconciliation of income tax expense

		Year Ended December 31,
		2017		2016		2015
Tax at statutory rate on earnings from continuing operations before unconsolidated entities, noncontrolling interests and income taxes	$	199,588	$	372,030	$	313,250
Increase (decrease) in valuation allowance(1)		30,445		(2,128)		13,759
Tax at statutory rate on earnings not subject to federal income taxes		(234,468)		(399,571)		(319,832)
Foreign permanent depreciation		10,065		9,205		7,500
Other differences		14,498		1,336		(8,226)
Totals	$	20,128	$	(19,128)	$	6,451
(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,
		2017		2016		2015
Investments and property, primarily differences in investment basis, depreciation and amortization, the basis of land assets and the treatment of interests and certain costs	$	(11,812)	$	(7,089)	$	(30,564)
Operating loss and interest deduction carryforwards		94,654		82,469		75,455
Expense accruals and other		25,146		15,978		6,259
Valuation allowance		(127,283)		(96,838)		(98,966)
Net deferred tax assets (liabilities)	$	(19,295)	$	(5,480)	$	(47,816)

Schedule of Valuation Allowance Rollforward

		Year Ended December 31,
		2017		2016		2015
Beginning balance	$	96,838	$	98,966	$	85,207
Expense (benefit)		30,445		(2,128)		13,759
Ending balance	$	127,283	$	96,838	$	98,966