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Discontinued Operations
6 Months Ended
Jun. 30, 2014
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
Discontinued Operations
For the six months ended June 30, 2014, we disposed 12 centers, three in each of Georgia and Texas and two in each of Florida, Louisiana and North Carolina. These dispositions represent the centers that were classified as discontinued operations or held for sale prior to April 1, 2014, the adoption date for the new qualification criteria for discontinued operations (see Note 2 for further information). Since adoption, no other dispositions qualify as discontinued operations under the new guidance.
During 2013, we sold 20 centers, nine in Texas, three in each of Florida and North Carolina, two in New Mexico and one in each of California, Nevada and Tennessee. As of December 31, 2013, we classified as held for sale eight centers that consisted of property and accumulated depreciation totaling $155.0 million and $32.4 million, respectively, with three located in Georgia, two in each of Florida and Texas and one in North Carolina.
Excluding property held for sale at December 31, 2013, our Condensed Consolidated Balance Sheet at December 31, 2013 included $68.6 million of property and $13.2 million of accumulated depreciation related to the four centers that were sold and classified as discontinued operations during 2014.
The operating results of these centers have been reclassified and reported as discontinued operations in the Condensed Consolidated Statements of Operations as follows (in thousands):
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2014
 
2013
 
2014
 
2013
Revenues, net
$
107

 
$
13,043

 
$
1,062

 
$
27,016

Depreciation and amortization

 
(3,363
)
 
(260
)
 
(6,916
)
Operating expenses
(22
)
 
(2,353
)
 
(285
)
 
(4,697
)
Real estate taxes, net
(16
)
 
(1,298
)
 
(136
)
 
(2,901
)
Impairment loss

 

 

 
(236
)
General and administrative

 
(13
)
 
(2
)
 
(16
)
Interest, net

 
(1,991
)
 
(19
)
 
(4,504
)
Provision for income taxes
(6
)
 
(120
)
 
(18
)
 
(144
)
Operating income from discontinued operations
63

 
3,905

 
342

 
7,602

Gain on sale of property from discontinued operations
3,370

 
78,012

 
44,582

 
78,012

Income from discontinued operations
$
3,433

 
$
81,917

 
$
44,924

 
$
85,614