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Segment Information (Tables)
12 Months Ended
Dec. 31, 2013
Segment Reporting [Abstract]  
Information on Reportable Segments
Information on the Company’s reportable segments is presented as follows, restated for discontinued operations in all periods presented:
Year Ended December 31, 2013
 
Malls
 
Associated
Centers
 
Community
Centers
 
All
Other (1)
 
Total
Revenues
 
$
930,081

 
$
41,726

 
$
17,937

 
$
63,881

 
$
1,053,625

Property operating expenses (2)
 
(300,172
)
 
(10,298
)
 
(3,568
)
 
17,831

 
(296,207
)
Interest expense
 
(206,779
)
 
(8,148
)
 
(2,397
)
 
(14,532
)
 
(231,856
)
Other expense
 

 

 

 
(28,826
)
 
(28,826
)
Gain on sales of real estate assets
 
295

 

 
452

 
1,233

 
1,980

Segment profit
 
$
423,425

 
$
23,280

 
$
12,424

 
$
39,587

 
$
498,716

Depreciation and amortization expense
 
 

 
 

 
 

 
 

 
(278,911
)
General and administrative expense
 
 

 
 

 
 

 
 

 
(48,867
)
Interest and other income
 
 

 
 

 
 

 
 

 
10,825

Loss on extinguishment of debt
 
 

 
 

 
 

 
 

 
(9,108
)
Loss on impairment
 
 

 
 

 
 

 
 

 
(70,049
)
Gain on investment
 
 
 
 
 
 
 
 
 
2,400

Equity in earnings of unconsolidated affiliates
 
 

 
 

 
 

 
 

 
11,616

Income tax provision
 
 

 
 

 
 

 
 

 
(1,305
)
Income from continuing operations
 
 

 
 

 
 

 
 

 
$
115,317

Total assets
 
$
5,917,437

 
$
274,234

 
$
222,576

 
$
371,724

 
$
6,785,971

Capital expenditures (3)
 
$
203,210

 
$
10,718

 
$
8,052

 
$
126,803

 
$
348,783


Year Ended December 31, 2012
 
Malls
 
Associated
Centers
 
Community
Centers
 
All
Other (1)
 
Total
Revenues
 
$
901,249

 
$
40,212

 
$
13,361

 
$
48,021

 
$
1,002,843

Property operating expenses (2)
 
(286,919
)
 
(9,933
)
 
(3,219
)
 
23,317

 
(276,754
)
Interest expense
 
(214,216
)
 
(8,449
)
 
(2,517
)
 
(17,175
)
 
(242,357
)
Other expense
 
(12
)
 

 

 
(25,066
)
 
(25,078
)
Gain on sales of real estate assets
 
1,188

 
202

 
608

 
288

 
2,286

Segment profit
 
$
401,290

 
$
22,032

 
$
8,233

 
$
29,385

 
460,940

Depreciation and amortization expense
 
 

 
 

 
 

 
 

 
(255,460
)
General and administrative expense
 
 

 
 

 
 

 
 

 
(51,251
)
Interest and other income
 
 

 
 

 
 

 
 

 
3,953

Gain on extinguishment of debt
 
 
 
 
 
 
 
 
 
265

Loss on impairment of real estate
 
 
 
 
 
 
 
 
 
(24,379
)
Gain on investment
 
 

 
 

 
 

 
 

 
45,072

Equity in earnings of unconsolidated affiliates
 
 
 
 

 
 

 
 

 
8,313

Income tax provision
 
 

 
 

 
 

 
 

 
(1,404
)
Income from continuing operations
 
 

 
 

 
 

 
 

 
$
186,049

Total assets
 
$
6,213,801

 
$
302,225

 
$
203,261

 
$
370,449

 
$
7,089,736

Capital expenditures (3)
 
$
608,190

 
$
6,630

 
$
13,884

 
$
76,319

 
$
705,023

 
Year Ended December 31, 2011
 
Malls
 
Associated
Centers
 
Community
Centers
 
All
Other (1)
 
Total
Revenues
 
$
922,529

 
$
38,909

 
$
12,036

 
$
46,425

 
$
1,019,899

Property operating expenses (2)
 
(294,937
)
 
(9,687
)
 
(3,122
)
 
22,784

 
(284,962
)
Interest expense
 
(229,056
)
 
(8,516
)
 
(4,478
)
 
(20,558
)
 
(262,608
)
Other expense
 

 
(400
)
 

 
(28,498
)
 
(28,898
)
Gain on sales of real estate assets
 
57,621

 
301

 
1,193

 
281

 
59,396

Segment profit
 
$
456,157

 
$
20,607

 
$
5,629

 
$
20,434

 
502,827

Depreciation and amortization expense
 
 

 
 

 
 

 
 

 
(261,562
)
General and administrative expense
 
 

 
 

 
 

 
 

 
(44,751
)
Interest and other income
 
 

 
 

 
 

 
 

 
2,578

Gain on extinguishment of debt
 
 

 
 

 
 

 
 

 
1,029

Loss on impairment of real estate
 
 

 
 

 
 

 
 

 
(51,304
)
Equity in earnings of unconsolidated affiliates
 
 
 
 

 
 

 
 

 
6,138

Income tax benefit
 
 

 
 

 
 

 
 

 
269

Income from continuing operations 
 
 

 
 

 
 

 
 

 
$
155,224

Total assets
 
$
5,954,414

 
$
308,858

 
$
265,675

 
$
190,481

 
$
6,719,428

Capital expenditures (3)
 
$
265,478

 
$
213,364

 
$
21,452

 
$
16,984

 
$
517,278


(1)
The All Other category includes mortgage and other notes receivable, office buildings, the Management Company and the Company’s subsidiary that provides security and maintenance services.
(2)
Property operating expenses include property operating, real estate taxes and maintenance and repairs.
(3)
Amounts include acquisitions of real estate assets and investments in unconsolidated affiliates.  Developments in progress are included in the All Other category.