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Discontinued Operations
 6 Months Ended
Jun. 30, 2013
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
Discontinued Operations

Dispositions

The following table provides a summary of shopping centers disposed of during the three and six months ended June 30, 2013 and 2012 (in thousands):
 
 
Three months ended June 30,
 
Six months ended June 30,
 
 
2013
 
2012
 
2013
 
2012
Net proceeds
$
82,634

 
17,600

$
82,634

 
39,200

Gain on sale of properties
$
11,410

 
2,304

$
11,410

 
8,605

Number of properties sold
 
4
 
2
 
4
 
4
Percent interest sold
 
100%
 
100%
 
100%
 
100%

The following table provides a summary of revenues and expenses from properties included in discontinued operations for three and six months ended June 30, 2013 and 2012 (in thousands):
 
 
Three months ended June 30,
 
Six months ended June 30,

 
2013
 
2012
 
2013
 
2012
Revenues
$
1,584

 
3,295

$
3,976

 
7,137

Operating expenses
 
615

 
2,173

 
2,025

 
4,723

Provision for impairment
 
—

 
4,500

 
—

 
4,500

Income tax benefit (1)
 
—

 
49

 
—

 
(13
)
Operating income from discontinued operations
$
969

 
(3,427
)
$
1,951

 
(2,073
)


(1) The operating income and gain on sales of properties included in discontinued operations are reported net of income taxes, if the property is sold by Regency Realty Group, Inc., a wholly owned subsidiary of the Operating Partnership, which is a Taxable REIT subsidiary as defined by in Section 856(1) of the Internal Revenue Code.