Other Data (Tables)

12 Months Ended

Dec. 31, 2013

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, 2013:



	Year Ended December 31,
(In thousands)	2013			2012			2011
Net income (loss) attributable to common stockholders	$	6,946		$	5,465		$	(214	)
Reconciling items to taxable income:
Depreciation and amortization	26,240			28,526			21,479
Gain or loss on disposition of depreciable assets	(3,656		)	922			(85		)
Impairments	6,222			3,807			4,999
Straight-line rent	(6,493		)	(6,075		)	(4,142		)
Receivable allowances	(716		)	(74		)	(299		)
Stock-based compensation	5,817			5,400			6,104
Other	(1,866		)	8,917			4,927
	25,548			41,423			32,983
Taxable income ⁽¹⁾	$	32,494		$	46,888		$	32,769
Dividends paid	$	111,571		$	96,356		$	89,270

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(1) Before REIT dividend paid deduction

Characterization of distributions on common stock

For the three years ended December 31, 2013, there were no preferred shares outstanding. As such, no dividends were distributed related to preferred shares for those periods.



	2013				2012				2011
	Per Share		%		Per Share		%		Per Share		%
Common stock:
Ordinary income	$	0.27	22.2	%	$	0.63	52.3	%	$	0.34	28.5	%
Return of capital	0.80		66.3	%	0.56		47.1	%	0.80		66.3	%
Unrecaptured section 1250 gain	0.13		11.5	%	0.01		0.6	%	0.06		5.2	%
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, 2013 are detailed in the table below:



	Year Ended December 31,
(Dollars in thousands)	2013		2012		2011
State income tax expense:
Texas gross margins tax (1)	$	649	$	843	$	459
Michigan gross receipts deferred tax liability	—		—		(170		)
Other	23		3		193
Total state income tax expense	$	672	$	846	$	482
State income tax payments, net of refunds and collections	$	768	$	627	$	522

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(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.