Other Data (Tables)

12 Months Ended

Dec. 31, 2014

The following table reconciles the Company’s consolidated net income attributable to common stockholders to taxable income for the three years ended December 31, 2014:



	Year Ended December 31,
(Dollars in thousands)	2014			2013			2012
Net income attributable to common stockholders	$	31,887		$	6,946		$	5,465
Reconciling items to taxable income:
Depreciation and amortization	28,332			26,240			28,526
Gain or loss on disposition of depreciable assets	(4,940		)	(3,656		)	922
Impairments	—			6,222			3,807
Straight-line rent	(12,203		)	(6,493		)	(6,075		)
Receivable allowances	2,074			(716		)	(74		)
Stock-based compensation	2,020			5,817			5,400
Other	1,213			(1,866		)	8,917
	16,496			25,548			41,423
Taxable income ⁽¹⁾	$	48,383		$	32,494		$	46,888
Dividends paid	$	116,371		$	111,571		$	96,356

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(1) Before REIT dividend paid deduction

Characterization of distributions on common stock

For the three years ended December 31, 2014, there were no preferred shares outstanding. As such, no dividends were distributed related to preferred shares for those periods.



	2014				2013				2012
	Per Share		%		Per Share		%		Per Share		%
Common stock:
Ordinary income	$	0.50	42.0	%	$	0.27	22.2	%	$	0.63	52.3	%
Return of capital	0.70		58.0	%	0.80		66.3	%	0.56		47.1	%
Unrecaptured section 1250 gain	—		—	%	0.13		11.5	%	0.01		0.6	%
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, 2014 are detailed in the table below:



	Year Ended December 31,
(Dollars in thousands)	2014		2013		2012
State income tax expense:
Texas gross margins tax ⁽¹⁾	$	694	$	649	$	843
Other	58		23		3
Total state income tax expense	$	752	$	672	$	846
State income tax payments, net of refunds and collections	$	593	$	768	$	627

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(1)	In the table above, income tax expense for 2014 and 2012 includes approximately $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.