Other Data (Tables)

12 Months Ended

Dec. 31, 2012

The following table reconciles the Company’s consolidated net income (loss) attributable to common stockholders to taxable income for the three years ended December 31, 2012:



	Year Ended December 31,
(In thousands)	2012			2011			2010
Net income (loss) attributable to common stockholders	$	5,465		$	(214	)	$	8,200
Reconciling items to taxable income:
Depreciation and amortization	28,526			21,479			19,603
Gain or loss on disposition of depreciable assets	922			(85		)	6,916
Straight-line rent	(6,075		)	(4,142		)	(1,520		)
Receivable allowances	(74		)	(299		)	(3,652		)
Stock-based compensation	5,400			6,104			1,977
Other	12,724			9,926			4,752
	41,423			32,983			28,076
Taxable income (1)	$	46,888		$	32,769		$	36,276
Dividends paid	$	96,356		$	89,270		$	75,821

(1) Before REIT dividend paid deduction

Characterization of distributions on common stock

For the three years ended December 31, 2012, there were no preferred shares outstanding. As such, no dividends were distributed related to preferred shares for those periods.



	2012				2011				2010
	Per Share		%		Per Share		%		Per Share		%
Common stock:
Ordinary income	$	0.63	52.3	%	$	0.34	28.5	%	$	0.40	33.8	%
Return of capital	0.56		47.1	%	0.80		66.3	%	0.56		46.4	%
Unrecaptured section 1250 gain	0.01		0.6	%	0.06		5.2	%	0.24		19.8	%
Common stock distributions	$	1.20	100.0	%	$	1.20	100.0	%	$	1.20	100.0	%

State Income Taxes

State income tax expense and state income tax payments for the three years ended December 31, 2012 are detailed in the table below:



(Dollars in thousands)	2012		2011			2010
State income tax expense:
Texas gross margins tax (1)	$	843	$	459		$	528
Michigan gross receipts deferred tax liability	—		(170		)	(90		)
Other	3		193			116
Total state income tax expense	$	846	$	482		$	554
State income tax payments, net of refunds and collections	$	627	$	522		$	533


(1)	In the table above, income tax expense for 2012 includes $0.1 million that was recorded to the gain on sale of real estate properties sold, which is included in discontinued operations rather than general and administrative expenses on the Company’s Consolidated Statements of Operations.