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Held for Sale and Discontinued Operations
 12 Months Ended
Dec. 31, 2017
Discontinued Operations and Disposal Groups [Abstract]  
Held for Sale and Discontinued Operations
Held for Sale and Discontinued Operations
Assets and liabilities of properties sold or classified as held for sale are separately identified on the Company’s Consolidated Balance Sheets in the current period. During 2017, the Company reclassified eight properties to held for sale. See "Potential Dispositions" in Note 4 for more information regarding seven of these properties. As of December 31, 2017 and 2016, the Company had eight and two properties, respectively, classified as held for sale.

During 2017, the Company sold the property remaining in assets held for sale that was classified as discontinued operations prior to the adoption of Accounting Standards Update No. 2014-08, “Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity”. None of the Company's 2016 or 2017 dispositions or assets classified as held for sale represented a strategic shift that had or will have a major effect on the Company's operations and financial results. Therefore, the 2016 and 2017 dispositions were not classified as discontinued operations. The table below reflects the assets and liabilities of the properties classified as held for sale and discontinued operations as of December 31, 2017 and 2016.
 
December 31,
(Dollars in thousands)
2017

 
2016

Balance Sheet data
 
 
 
Land
$
4,636

 
$
1,362

Buildings, improvements and lease intangibles
63,654

 
4,410

Personal property
82

 
—

 
68,372

 
5,772

Accumulated depreciation
(35,790
)
 
(2,977
)
Assets held for sale, net
32,582

 
2,795

Other assets, net (including receivables)
565

 
297

Assets of discontinued operations, net
565

 
297

Assets held for sale and discontinued operations, net
$
33,147

 
$
3,092

Accounts payable and accrued liabilities
$
38

 
$
22

Other liabilities
55

 
592

Liabilities of assets held for sale and discontinued operations
$
93

 
$
614


The table below reflects the results of operations of the properties included in discontinued operations on the Company’s Consolidated Statements of Income for the years ended December 31, 2017, 2016 and 2015.
 
Year Ended December 31,
(Dollars in thousands, except per share data)
2017

 
2016

 
2015

Statements of Income data:
 
 
 
 
 
Revenues (1)
 
 
 
 
 
Rental income
$
—

 
$
—

 
$
752

Other operating
—

 
—

 
—

 
—

 
—

 
752

Expenses (2)
 
 
 
 
 
Property operating
19

 
71

 
58

Bad debt, net of recoveries
(10
)
 
—

 
(1
)
 
9

 
71

 
57

Other Income (Expense) (3)
 
 
 
 
 
Interest and other income, net
—

 
—

 
20

 
—

 
—

 
20

Income (Loss) from Discontinued Operations
(9
)
 
(71
)
 
715

Impairments (4)
—

 
(121
)
 
(686
)
Gain on sales of real estate properties (5)
5

 
7

 
10,571

Income (Loss) from Discontinued Operations
$
(4
)
 
$
(185
)
 
$
10,600

Income (Loss) from Discontinued Operations per Common Share - Basic
$
0.00

 
$
0.00

 
$
0.11

Income (Loss) from Discontinued Operations per Common Share - Diluted
$
0.00

 
$
0.00

 
$
0.11

______
(1)
Total revenues for the year ended December 31, 2015 included $0.8 million related to properties sold.
(2)
Total expenses for the year ended December 31, 2016 included $0.1 million related to a property that is held for sale. Total expenses for the year ended December 31, 2015 included $0.1 million related to properties sold.
(3)
Other income (expense) for the year ended December 31, 2015 included income (expense) related to properties sold.
(4)
Impairments for the years ended December 31, 2016 and 2015 included $0.1 million and $0.7 million, respectively, related to one property sold.
(5)
Gain on sales of real estate properties for the year ended December 31, 2017 included a gain on the sale of one property sold in 2017. Gain on sales of real estate properties for the year ended December 31, 2016 included a gain on the sale of one property sold in 2015. Gains on the sales of real estate properties for the year ended December 31, 2015 included gains on the sale of one property.