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Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2014
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures
The tables below reflect the assets and liabilities of the properties classified as held for sale and discontinued operations as of December 31, 2014 and 2013 and the results of operations of the properties included in discontinued operations on the Company’s Consolidated Statements of Operations for the years ended December 31, 2014, 2013 and 2012.

 
December 31,
(Dollars in thousands)
2014

 
2013

Balance Sheet data (as of the period ended):
 
 
 
Land
$
422

 
$
1,578

Buildings, improvements and lease intangibles
12,822

 
15,400

Personal property
13

 
—

 
13,257

 
16,978

Accumulated depreciation
(4,464
)
 
(10,211
)
Assets held for sale, net
8,793

 
6,767

Other assets, net (including receivables)
353

 
85

Assets of discontinued operations, net
353

 
85

Assets held for sale and discontinued operations, net
$
9,146

 
$
6,852

Accounts payable and accrued liabilities
$
86

 
$
1,091

Other liabilities
286

 
21

Liabilities of discontinued operations
$
372

 
$
1,112



 
Year Ended December 31,
(Dollars in thousands, except per share data)
2014

 
2013

 
2012

Statements of Operations data:
 
 
 
 
 
Revenues (1)
 
 
 
 
 
Rental income
$
5,660

 
$
14,202

 
$
24,290

Other operating
4

 
9

 
69

 
5,664

 
14,211

 
24,359

Expenses (2)
 
 
 
 
 
Property operating
3,126

 
4,830

 
6,894

General and administrative
19

 
26

 
33

Depreciation
1,551

 
3,794

 
6,888

Amortization
—

 
63

 
147

Bad debt, net of recoveries
3

 
13

 
10

 
4,699

 
8,726

 
13,972

Other Income (Expense) (3)
 
 
 
 
 
Loss on extinguishment of debt
—

 
(270
)
 
—

Interest expense
—

 
(40
)
 
(97
)
Interest and other income, net
2

 
71

 
171

 
2

 
(239
)
 
74

Income from Discontinued Operations
967

 
5,246

 
10,461

Impairments (4)
(12,029
)
 
(9,889
)
 
(14,908
)
Gain on sales of real estate properties (5)
9,283

 
24,718

 
10,874

Income (Loss) from Discontinued Operations
$
(1,779
)
 
$
20,075

 
$
6,427

Income (Loss) from Discontinued Operations per Common Share - Basic
$
(0.02
)
 
$
0.22

 
$
0.08

Income (Loss) from Discontinued Operations per Common Share - Diluted
$
(0.02
)
 
$
0.22

 
$
0.08

______
(1)
Total revenues for the years ended December 31, 2014, 2013 and 2012 included $4.3 million, $12.6 million and $22.2 million, respectively, related to properties sold; and $1.4 million, $1.6 million and $2.2 million, respectively, related to two properties held for sale as of December 31, 2014.
(2)
Total expenses for the years ended December 31, 2014, 2013 and 2012 included $4.7 million, $8.7 million and $13.5 million, respectively, related to properties sold; and for the year ended December 31, 2012 included $0.5 million related to two properties held for sale as of December 31, 2014.
(3)
Other income (expense) for the years ended December 31, 2014, 2013, and 2012 included income (expense) related to properties sold.
(4)
Impairments for the year ended December 31, 2014 included $3.7 million in connection with the sale of three properties and $8.3 million on two properties in held for sale and two properties there were reclassified to held for sale during 2014. All four properties of these were subsequently sold; December 31, 2013 included the following: $3.3 million related to the sale of a land parcel; $0.4 million related to two properties classified as held for sale and subsequently sold for a gain; and $6.2 million related to three properties held for sale; and December 31, 2012 included $11.1 million related to 12 properties sold and $3.8 million related to one properties held for sale.
(5)
Gain on sales of real estate properties for the years ended December 31, 2014, 2013 and 2012 included gains on the sale of three, 12 and seven properties, respectively.